Articles under ‘companies’:

TRO denied in broadest BitConnect Florida class-action

In contrast to the granting of a Temporary Restraining Order (TRO) against BitConnect in the Kentucky class-action, a Judge has denied essentially the same motion in Florida.

Infinity2Global motion to dismiss criminal case denied

Last June a grand jury returned an indictment against Richard Maike, his wife Angela Leonard-Maike and affiliates Doyce Barnes, Richard Anzalone, Faraday Hosseinipour, Dennis Dvorin, Jason Syn. I’d been following Richard Maike’s case docket and while I was aware the other defendants had separate case dockets, assumed they’d be consolidated. Turns out that’s not the case, [Continue reading…]

ThornCoin rename lending to “long-term staking”, same Ponzi model

Y’all know those collapsing ICO lending Ponzi schemes that have pretty much dominated the MLM underbelly of late? Yeah, those scams that tons of people have lost money in. Well, turns out the problem isn’t they’re all just Ponzi schemes, rather it’s just a branding issue. Leading the pack with a new generation of the [Continue reading…]

Fifth BitConnect class-action lawsuit filed in Florida

We’re still yet to see anything official from authorities, but in the meantime another BitConnect class-action suit has been filed in Florida.

TelexFree mattress money mule sentenced to 33 months in prison

Cleber Rene Rizerio Rocha, better known as the TelexFree mattress money mule, was busted earlier this year trying to launder $20 million in stolen Ponzi funds. Following a guilty plea in October, Rocha was scheduled to be sentenced on December 20th. The sentencing was delayed, following Rocha’s comical attempt to credit himself with the recovery of the $19.2 [Continue reading…]

TRO granted against Digital Altitude, Michael Force’s assets frozen

Following on from a FTC complaint filed under seal against Digital Altitude and Michael Force on January 29th, a requested Temporary Restraining Order was granted on February 1st.

FTC sues Digital Altitude & Michael Force for over $14 million in fraud

If you’ve searched for an MLM company as part of your due-diligence, chances are you’ve come across a Digital Altitude spam blog. The owners of these blogs shamelessly plagiarise MLM content from around the internet and present it as their own – combined with bait and switch advertising for Digital Altitude and related companies. The [Continue reading…]

DavorCoin collapses, DAV plummets to 6 cents

Widely touted as a reload ICO lending Ponzi after BitConnect collapsed, DavorCoin has now also collapsed. As per a corporate update published on Medium, DavorCoin’s anonymous owners advised they were “end(ing) our lending program”.

BitConnect TRO extended till February 27th (Kentucky)

The Temporary Restraining Order previously granted in the BitConnect class-action Kentucky lawsuit, has been extended until February 27th.

BitConnect defendant Ryan Maasen hides behind religion

As one of BitConnect’s top promoters, Ryan Maasen profited handsomely by investing in and convincing others to invest in the BitConnect Ponzi scheme. As I understand it, Maasen boasted about paying off his house and buying a new car as a result of his BitConnect promotional efforts. When BitConnect collapsed, Maasen was one of the [Continue reading…]