On February 8th Mark Scott was served a grand jury subpoena, requesting “a wide variety of documents” related to OneCoin. Whatever evidence is in those documents, Mark Scott doesn’t want a grand jury seeing them.
Articles under ‘regulation’:
The state of Texas has slapped Nui with a $25,000 securities fraud fine. The company has also agreed to cease offering unregistered securities to Texas residents.
According to local news reports, serial-scammer Joseph Tran has been arrested by Swedish authorities. Tran’s arrest is believed to be in connection with his promotion and participation in a number of fraudulent MLM companies.
Lost money in BitConnect? Want to get back at Glenn Arcaro, Craig Grant, Trevon James, Crypto Nick, Ryan Hildreth and the rest of the BitConnect gang? Now’s your chance…
Having been destroyed in two lower courts, Charles Scoville now wants to take his Traffic Monsoon Ponzi fight to the Supreme Court. Yeah, not kidding. This is happening…
The SEC’s interest in pursuing Trudy Gilmond has come to an end, following acceptance of a tendered settlement offer.
Despite the best intentions behind extending the USFIA victim claim deadline, unfortunately it appears to have been mostly a waste of time and money. In light of the extension, the USFIA Receiver reports he’s received “low quality claims” that will be “time-consuming” to sort through.
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.
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.