OnPassive SEC trial scheduled for Apr 6th, 2026 (updates)
A September 13th scheduling order has set an SEC v. OnPassive trial date for April 6th, 2026. Note this is not a typo, the trial is scheduled eighteen months out from September, 2024.
A September 13th scheduling order has set an SEC v. OnPassive trial date for April 6th, 2026. Note this is not a typo, the trial is scheduled eighteen months out from September, 2024.
Following non-payment of salaries for six months, two hundred OnPassive employees in India have gone on strike. Sakshi reports that the OnPassive strike is accompanied by a report filed a Madhapur police station in Hyderabad.
OnPassive has disabled access to its “ecosystem” services. A new notice on OnPassive’s website reads;
OnPassive has received a Ponzi fraud warning from Bangladesh. As per the Bangladesh Bank’s December 12th warning, OnPassive is a “fraudulent Ponzi scheme” engaged in “embezzlement of large amounts of money”.
An October 11th court order has referred the SEC’s fraud case against OnPassive to mediation.
As per an October 11th, Case Management and Scheduling Order, the SEC’s OnPassive fraud trial will kick off on June 2nd, 2025.
Following an SEC lawsuit alleging $108 million in fraud, OnPassive appears to be diverting payments to Dubai. OnPassive affiliates report US banks are flagging the transactions as fraudulent.
Ash Mufareh has set the stage for a biblically epic showdown with the SEC. In a webinar held on Saturday August 12th, Mufareh declared “only God can stop OnPassive”.
The SEC has sued OnPassive and owner Ash Mufareh (aka Ashraf Mufareh), for $108 million in securities fraud.
Ashraf Mufareh has been forced to admit OnPassive’s “FIFA sponsorship” is just a cable tv ad campaign.