EmpiresX @ BehindMLM

EmpiresX settles Ponzi fraud with CFTC for $64.3 million

EmpiresX, currently under Receivership as Empires Consulting, has settled commodities fraud charges with the CFTC. The proposed settlement against Empirex details a permanent injunction and $32.1 million civil monetary penalty.

Mining Capital Coin arrests & seizures in Brazil

Brazil’s Federal Police (PF) launched Operation Yang on September 13th. The enforcement action follows a criminal investigation, which began last year in August. Details in a a press-release issued by the Federal Police suggest they are targeting Mining Capital Coin.

Emerson Pires & Flavio Goncalves cop $45.8M SEC judgment

Emerson Pires and Flavio Goncalves, co-founders of the EmpiresX Ponzi scheme, have copped a $45.8 million judgment in their SEC fraud case.

SEC & EmpiresX reach $34.8 million approved settlement

The SEC and EmpiresX have reached a $34.8 million settlement. The reached settlement consists of $32,178,397 in disgorgement and $2,661,554 in prejudgment interest.

EmpiresX fraud settlement submitted to SEC Commissioners

The Receiver representing EmpiresX in Florida, has submitted a proposed settlement to the SEC. The settlement is before the SEC’s Commissioners, who typically take 6 to 8 weeks to accept or reject.

EmpiresX’s Nicholas confirms SEC NovaTech FX investigation

EmpiresX’s Joshua Nicholas has asserted “NovaTech FX has recently been brought to justice”. The claim, which BehindMLM has not been able to verify, was made in an April 11th court filing.

$300,026 judgment in Joshua Nicholas’ EmpiresX SEC case

Joshua David Nicholas has copped a $300,026 judgment in the SEC’s EmpiresX civil fraud case. As per an April 19th order approving Nicholas’ Consent Judgment;

SEC’s EmpiresX civil fraud case reopened, CFTC update

The SEC’s EmpiresX civil fraud case has been reopened. Last October both the SEC’s and CFTC’s parallel EmpiresX civil proceedings were stayed, pending Hague service on co-founder defendants Emerson Pires and Flavio Goncalves.

SEC granted permission to serve Pires & Goncalves via email

The SEC has been granted permission to serve EmpiresX fugitives Emerson Pires and Flavio Goncalves via email.

Joshua D. Nicholas to pay $3.3 million in EmpiresX restitution

Joshua David Nicholas has been ordered to pay $3.3 million in restitution. The order follows Nicholas pleading guilty to one count of conspiracy to commit wire fraud last September. That plea led to a 51 month prison sentence, handed down a few months later in November.