Articles under ‘companies’:

Lifestyle Galaxy Review: Dragon Mine rebooted after collapse

Smart Media Technologies was initially launched in 2010 by David Martin. Smart Media Technologies was bundled with YOBSYN, a social media network affiliates paid hundreds of dollars to access. Commissions were paid out when they recruited others who did the same. In 2014 Smart Media Technologies affiliates were arrested in Bangalore, prompting the end of [Continue reading…]

Is iPro Network a proxy for OneCoin’s US Ponzi scammers?

OneCoin, being the Ponzi scheme that it is, was never going to risk launching in the most tightly regulated market in the world. Despite stringing early OneCoin investors along with promises of a US launch, the charade was quietly dropped in October, 2015. Spear-headed by Sal Leto, Maurice Katz and other affiliates, US OneCoin recruitment went [Continue reading…]

OneCoin facing fines of up to €5 million EUR in Italy

Back in December the Antitrust and Consumer Protection Authority (AGCM) ordered the suspension of OneCoin promotion in Italy. In early January OneCoin responded to the AGCM’s promotional ban by claiming they’d ‘never promoted OneCoin and/or OneLife in Italy‘. In late January police raids on recruitment events revealed OneCoin was still being promoted locally. This prompted the AGCM to [Continue reading…]

Renato Rodriguez & partner settle Vizinova fraud charges

On March 2nd the SEC filed a lawsuit against Vizinova and owners Renato Rodriguez (full name: Pablo Renato Rodriguez Arevalo) and Gutemberg Dos Santos. Vizinova launched in March, 2014 and for all intents and purposes was a reboot of Phil Ming Xu’s WCM777 Ponzi scheme. Both Rodriguez and Dos Santos were affiliates in WCM777.

$7.7 million final judgments conclude SEC’s Wings Network lawsuit

The SEC’s fraud lawsuit against Wings Network (Tropikgadget) began back in February 2015. Last year several final multi-million judgments were entered against Wings Network and its top affiliates, with a recent $7.7 million dollar judgement now bringing litigation to a close.

Croatian President a no-show at OneCoin sponsored event

Yesterday the Congress of South East European Women Entrepreneurs held their annual event in the Croatian capital of Zagreb. As part of a sponsorship agreement the Ministry of Economy, Business and Trade and Congress organizers, Croatian President Kolinda Grabar-Kitarović and Deputy Prime-Minister Martina Dalic were scheduled to speak at the event. On the day of the [Continue reading…]

5 new money laundering charges against 15 TelexFree individuals

While James Merrill has plead guilty and is scheduled to be sentenced on March 23rd, investigations into TelexFree continue down in Brazil. The latest has seen five money laundering charges filed against fifteen individuals connected to TelexFree.

My 24 Hour Income collapses for fourth time, withdrawals suspended

Along with the usual hackers and DDOS excuses, Know Your Customer is fast becoming a popular reason for Ponzi admins to stop paying out.

OneCoin investment warning issued by Croatian National Bank

With the President of Croatia scheduled to speak at a OneCoin sponsored event today, now a warning from the country’s top financial regulator.

South East European Women Entrepreneurs drop Ignatova

In an attempt to score a PR gig for OneCoin, Ruja Ignatova took out corporate sponsorship for the Congress of South East European Women Entrepreneurs’ upcoming March 8th event. The Congress will be held on … 8th of March 2017 in Zagreb and we expect more than 500 woman entrepreneurs from Slovenia, Bosnia and Herzegovina, [Continue reading…]