Articles under ‘regulation’:

Preliminary injunction entered against Chandler, Gatto & Dluca

In yet another example of the “scam people and play dumb when caught” defense not working, a preliminary injunction has been granted against Scott Chandler, Louis Gatto and Thomas Dluca. The three defendants were sued by the FTC last month as top earners in the Bitcoin Funding Team, My7Network and JetCoin scams.


USI-Tech permanently banned in North Carolina for securities fraud

Despite management claiming to have ‘never had a problem in the USA and Canada‘, further evidence of USI-Tech’s non-compliance with US regulators continues to surface. The latest is confirmation the company failed to respond to a North Carolina securities fraud cease and desist.


Scott Chandler and Louis Gatto defy court order to disclose assets

As we edge closer to a decision on a preliminary injunction in the FTC vs. Scott Chandler, Louis Gatto, Thomas Dluca and Eric Pinkston, objections and responses have been filed. Last we checked in Chandler, Gatto and Pinkston essentially argued they knew nothing of the nature of the scams they promoted. With respect to Scott Chandler and [Continue reading…]


Harendar Kaur’s son arrested in India (Speak Asia)

Balwinder Singh, son of Speak Asia’s Harendar Kaur, was arrested by Indian authorities at Chennai International Airport earlier this week.


USI-Tech securities fraud warning issued in Spain

Spain’s top securities regulator, the National Securities Market Commission (CNMV), has issued a securities fraud warning against USI-Tech.


Investigation confirms Detail MaxiNet was a Ponzi scheme

An ongoing investigation into Detail MaxiNet has confirmed it operated as a Ponzi scheme. Turkish authorities shut down Detail MaxiNet under suspicion of fraud about two weeks ago.


OneCoin regulatory investigation confirmed in Samoa

With OneCoin a laughing stock of cryptocurrency circles in larger countries, desperate investors hoping to recover losses are targeting smaller markets. An emerging source of revenue for OneCoin investment is Samoa, but not if the Central Bank has anything to do with it.


Chandler, Gatto & Pinkston file “we knew nothing!” injunction objections

Despite ignorance not being an excuse commit crime, it never seems to stop promoters of fraudulent schemes from trotting it out when caught. The latest scammers to claim they knew nothing of the true nature of the scams they promoted are Scott Chandler, Louis Gatto and Eric Pinkston.


North Carolina Sec Div urges USI-Tech victims to come forward

Following less than successful attempts reach out to USI-Tech victims in North Carolina, the Securities Division is broadening its appeal.


USFIA victim claim forms published, proof of claim instructions provided

The USFIA Receivership has published victim claim forms and proof of claim instructions.