Articles under ‘companies’:

MOBE bilked nun out of $60,000, CFO made death threats (and more)

Since the appointment of the MOBE Receivership, the Receiver has been approached by a wide-range of victims. Virtually all of the consumers with whom the Receiver has communicated did not earn back the amounts they paid to purchase MOBE memberships. One specific example cited in the Receiver’s Initial Report is a Catholic nun, who purportedly [Continue reading…]

USI-Tech scam warning issued in New Zealand

New Zealand’s Financial Markets Authority has issued an investment warning against USI-Tech. Better late than never?

Members Choice Ponzi cycler collapses, promises “reborn” reboot

Was it the Ponzi cycler business model, ties to the Waszupp Global and Noble 8 Revolution cyclers, religious affinity marketing model, or prior arrest of Johnny William Cabe for fraud that saw Members Choice collapse? Who knows… Comparing itself to a pregnancy however, Members Choice has informed affiliates it’s planning a reboot.

Richard Maike argues I2G recorded webinars = illegal wiretap

In an attempt to gut the DOJ’s criminal case against him, Richard Maike claims recordings of incriminating webinars are illegally obtained wiretaps. If that sounds ridiculous… it’s because it is.

iCenter caught out in Genesis Mining partnership lie

iCenter are claiming on their website that Genesis Mining is an “unofficial partner”. Putting aside what that even means for just a moment, Genesis Mining have responded by confirming “no partnership” exists.

David Wood found in contempt in WorldVentures’ Texas case

Following WorldVentures’ filing of a contempt motion on July 27th, David Wood has been found in contempt of court. The August 8th case docket states that WorldVentures’ attorneys attended the hearing. David Wood failed to make an appearance.

MOBE processor QualPay ordered to return $6.3 million in stolen funds

A request from Qualpay to keep $6.3 million stolen from MOBE victims has been denied. The TRO in place against MOBE requires all funds related to the fraudulent business be turned over. Rather than hand over the $6.3 million it processed for MOBE, Qualpay instead sought an exemption from the TRO. The processor argued that [Continue reading…]

Five Winds & AGAM criminal investigations continue

Authorities in Russia and Kazakhstan are continuing to investigate the fallout of the collapsed Five Winds and Atlantic Global Asset Management Ponzi schemes.

Digital Altitude discovery contains “glaring omissions and inadequacies”

As of a Status Report filed by the FTC on August 7th, discovery provided by Digital Altitude, Michael Force and Mary Dee is riddled with “glaring omissions and inadequacies.”

Crypto BitClub Ponzi collapses, begs investors for more money

Crypto BitClub launched earlier this year on or around January. The company was founded by Joe Yagudaev and Ramon Escalera, who last year launched the collapsed Crypto Bit Trade Ponzi scheme. Crypto BitClub was basically a reload scam, touting a bitcoin mining and trading daily 1% ROI. Like Crypto Bit Trade, no evidence of mining [Continue reading…]