SEC moves for alternative service on MCC defendants
The SEC has filed a motion requesting permission to allow alternative service on the Mining Capital Coin defendants.
EmpiresX @ BehindMLM
EmpiresX victim class-action filed in Florida (Receivership?)
Two EmpiresX victims have filed a civil class-action in Florida. That’s on top of the CFTC’s and SEC’s civil regulatory lawsuits against EmpiresX. What’s interesting is the Florida state court hearing the class-action has appointed an EmpiresX Receiver.
CFTC initiates Hague service on EmpiresX scammers in Brazil
The CFTC has initiated Hague Convention service on EmpiresX scammers Emerson Pires and Flavio Goncalves. Pires and Goncalves co-founded the EmpiresX Ponzi scheme.
Joshua Nicholas’ EmpiresX criminal trial scheduled for Aug 15
Joshua Nicholas’ EmpiresX criminal trial is currently scheduled for August 15th. That’s not a typo, the trial is ten days away. Whether it actually goes ahead though is now up in the air, following an August 2nd motion to continue.
The EmpiresX criminal indictments
Emerson Pires, Flavio Mendes Goncalves and Joshua David Nicholas have been indicted. Criminal charges filed against the trio pertain to the EmpiresX Ponzi scheme.
EmpiresX scammers indicted on three counts of fraud
Emerson Pires, Flavio Goncalves and Joshua David Nicholas, have each been indicted on EmpiresX fraud charges. Pires and Goncalves co-founded the EmpiresX Ponzi scheme. Joshua Nicholas worked with them to create the illusion of trading.
EmpiresX sued for $41.6 mill in commodities fraud by CFTC
The Commodity Futures Trading Commission has sued EmpiresX and its executives for “at least $41.6 million” in fraud. The CFTC’s lawsuit was filed in parallel with an SEC civil fraud lawsuit pertaining to the same conduct.
EmpiresX sued for $40 million in securities fraud by SEC
EmpiresX and its executives have been sued by the SEC for $40 million in securities fraud. In addition to being fraudulent, Defendants’ offers and sales of EmpiresX securities violated the registration provisions of the federal securities laws. The SEC brings this lawsuit to hold Defendants responsible for their fraud The SEC’s lawsuit was filed on [Continue reading…]
Mining Capital Coin prelim injunction hearing scheduled
The SEC is set to face off against the Mining Capital Coin defendants on May 19th. At stake are the millions in ill-gotten gains Capuci allegedly stole through his Mining Capital Coin Ponzi scheme.
SEC sues Mining Capital Coin’s Jr. Caputti & Emerson Pires
Mining Capital Coin co-founders Luiz Carlos Capuci and Emerson Sousa Pires have been sued by the SEC. The SEC alleges Capuci and Pires offered an “irresistible investment opportunity”, but in reality ran a Ponzi scheme.
