Dennis Dvorin pleads guilty to Infinity2Global fraud
Dennis Dvorin has pled guilty to criminal charges related to the Infinity2Global Ponzi scheme. On November 17th, Dvorin pled guilty to one count of securities fraud.
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Nigerian OmegaPro victims name and shame recruiters
A group of OmegaPro victims has named and shamed some of the countries top recruiters. Nigerian OmegaPro losses are believed to be around $120 million, mostly stolen from “widows, retirees, high-net-worth individuals, big business people, and even young people just starting in life”. Top OmegaPro recruiters in Nigeria meanwhile are buying multi-million dollar property portfolios, [Continue reading…]
UK refuses to extradite OneCoin’s Christopher Hamilton
A UK court has refused extradition of Christopher Hamilton to the US. Hamilton was indicted back in 2019. He stands accused of laundering over $100 million in stolen OneCoin Ponzi funds.
TranzactCard’s Z-Club reselling Walmart products?
A directory on TranzactCard’s website suggests its Z-Store is stocked with Walmart products. As opposed to an actual ecommerce competitor (Amazon, eBay etc.), this would make TranzactCard nothing more than a Walmart affiliate.
OmegaPro co-founder Mike Sims distances himself from Ponzi
In the wake of the OmegaPro Ponzi collapsing, co-founder Mike Sims is attempting to distance himself from the scam. In recently recorded footage, directed at OmegaPro victims, Sims claims he’s “working right now … to find out what is going on with the company”. Following on from his involvement in the SAEG Capital and Traders [Continue reading…]
Josip Heit a no-show at GSPartners’ Cape Town event
On October 16th GSPartners held its monthly corporate webinar. On the call, owner Josip Heit declared he was “very excited” about GSPartners’ upcoming November 18th Cape Town event. [44:52] Our incentive, which we will have in the next … or in around thirty days, from today on in Cape Town. Where you don’t want to [Continue reading…]
NovaTech FX & Petions charged with fraud in Washington
NovaTech FX and owners Cynthia and Eddie Petion have been charged with securities fraud in Washington. A cease and desist order and Statement of Charges was filed against NovaTech and the Petions on October 27th.
GSPartners “global fraud scheme” C&D from Wisconsin
GSPartners has received a securities fraud cease and desist order from Wisconsin’s Department of Financial Institutions (DFI). As per a November 16th notice filed by DFI’s Securities Division, GSPartners has been engaging in an international scheme to illegally sell fraudulent investments. Its scheme is being driven by an international confederation of multilevel marketers that have [Continue reading…]
Kentucky sues GSPartners & Josip Heit for securities fraud
Kentucky’s Department of Financial Institutions has filed a lawsuit against GSPartners and owner Josip Heit. The lawsuit is the first step to obtaining a cease and desist order related to securities fraud.
GSPartners promoter fraud order from BC, Canada
GSPartners and three Canadian promoters have received a temporary order from the British Columbia Securities Commission. The order is part of a “coordinated U.S.-Canada enforcement action”, targeting GSPartners.
