Faith Sloan’s TelexFree trial looks set to be delayed for a second time. The first delay occurred due to President Trump’s government shutdown. Now a second delay looks likely due to Sloan’s attorney being hospitalized for medical complications.
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As per an agreed settlement, Carlos Costa and his wife are set to surrender eight condominiums to the TelexFree Trustee.
Following a Motion for entry of clerk’s default by the FTC on February 1st, default has been entered against Matt Lloyd, MOBE and several MOBE related entities.
The Norwegian Gaming Board has rejected Lyoness’ second appeal, resulting in the Ponzi scheme being permanently banned in Norway.
Fabio Wanzeler, brother of TelexFree owner Carlos Wanzeler, is unhappy with his TelexFree settlement. The settlement saw Wanzeler surrender two properties to the TelexFree Trustee, to settle $633,578 Wanzeler received as a TelexFree net-winner. Wanzeler signed off on the settlement last November but now claims the Trustee added an addendum, which he never agreed to.
In what is essentially a continuation of litigation prior to the 2015 case freeze, the SEC has filed a renewed default judgment motion against DFRF Enterprises. In their February 1st motion the SEC argues that DFRF Enterprises is in default, because Daniel Filho filed a response to their original compliant on behalf of the company.
Spain’s National Securities Market Commission has added FXTrading Corp to its list of illegally operating companies.
The National Bank of Slovakiahas issued investment fraud warnings against Skyway Capital and Five Winds.
Of the scammers behind the Zhunrize Ponzi scheme, only Todd Spencer remains as an active defendant. Spencer was sued by the Zhunrize Receiver, as part of a $2.8 million clawback lawsuit filed against Vodaware. Through Vodaware, Spencer is believed to have received upwards of $350,000 in stolen Zhunrize investor funds. In a Status Report filed [Continue reading…]
QNet has come under fire in India, following an investigation into unpaid commissions owed to more than 200,000 affiliates.