Articles under ‘companies’:

BitConnect investor “detained, threatened and interrogated by the FBI”

Things are getting serious for BitConnect’s top promoters, as “Crypto Clover” found out upon returning to the US. Crypto Clover (real name: Calen Powell), promoted BitConnect through his YouTube channel until it collapsed. How much money Powell stole from BitConnect victims is unclear. Powell refers to himself as a “crypto nomad”, having sold most of his assets [Continue reading…]


Lyoness reveals only 21% of Cashback World cards used in 2017

One of the common rebuttals we see to Lyoness’ Ponzi scheme is the cashback side of the business. Originally offered through Lyoness itself, the cashback scheme was rebranded as CashBack World last year. Following the Gaming Board’s decision to ban and then uphold Lyoness’ ban in Norway, the company has filed a second appeal. In [Continue reading…]


Charles Scoville enters Traffic Monsoon settlement negotiations with SEC

After just over two years of vowing to clear his name and prove Traffic Monsoon wasn’t a Ponzi scheme, Charles Scoville has entered into settlement negotiations with the SEC.


DasCoin announces fourth public exchange, fails to gain traction

Despite listing itself on four cryptocurrency exchanges you’ve never heard of, Net Leader’s DasCoin has failed to gain any traction through public trading. Not surprising when you consider DasCoin exists solely as an investment vehicle for duped Net Leaders affiliates.


Redwood Scientific Technologies fail to communicate with FTC

Last we checked in, Redwood Scientific Technologies was facing fines of $5000 a day for non-compliance with an FTC investigation. Redwood Scientific Technologies is the parent company of the now defunct RengaLife MLM opportunity. On July 13th the FTC filed a Status Report regarding a database Redwood provided in June. The FTC allege information crucial [Continue reading…]


Argyll Technologies Ponzi under criminal investigation in Taiwan

Following non-payment to investors, Taiwan’s Ministry of Justice have opened a criminal investigation into Argyll Technologies.


Nui Review: Cryptocurrency token investment with pseudo-compliance

Nui has its origins in Divvee, a failed “access to discounts” MLM opportunity that launched in mid 2016. When Divvee’s original model failed, the company rebooted as a mobile app promotion platform. That also failed, prompting Divvee’s descent into unregistered securities. In late 2017 Divvee merged with Hodo Global. The merger created Nui, which focused [Continue reading…]


Santiago De La Rosa settles with SEC and TelexFree Trustee

Following denial of his motion to dismiss, Santiago De La Rosa entered settlement negotiations with the SEC and TelexFree Trustee. Those negotiations lead to a proposed settlement, which was approved by the court on July 31st.


iMarketsLive “scammers” warning issued by FCA

As I write this Alexa cite the UK as the fourth largest source of traffic to the iMarketsLive website (5.8%). This seems to have caught the attention of the Financial Conduct Authority, who back in May issued an iMarketsLive warning.


Nerium Skincare and Jeff Olson reach settlement agreement

On June 27th Nerium Skincare and Jeff Olson filed a Joint Settlement Report. The report detailed a fourth mediation session, held on June 12th. After the one-day session, settlement negotiations continued, unsuccessfully, until June 22nd. This was the parties’ fourth mediation. As before, the parties negotiated and made good faith efforts to settle the case. [Continue reading…]