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Vincent Boutin has settled his Traffic Monsoon clawback case with the Receivership.

EminiFX victims have until December 18th. 2023 to file claims through a portal set up by the Receivership. The portal can be accessed through the EminiFX Receivership’s website.

Jacques Poujade has been sentenced to 63 months in prison for defrauding investors out of “nearly $6.2 million” dollars.

Indian authorities have issued arrest warrants for multiple iX Global promoters. Among the wanted fugitives is Viraj Patil, whose fraud has been celebrated on Ted Nuyten’s BusinessForHome; Originally from India, Patil has since fled the country for Dubai. After speaking with seventeen iX Global victims in India, Money Control broke news of the arrest warrants [Continue reading…]

Without action by law enforcement, Mirror Trading International liquidation proceedings have recovered only a fraction of what was stolen. Now it’s been revealed a quarter of that, around $9.8 million, will go to liquidators.

After collapsing in late 2021 and dissuading investor complaints with a never-ending string of promises, CashFX Group has finally taken down their website. A “decentralized” reboot has been announced, run by a centralized group of unknowns.

QNet fraud across India is so rife that there are victim’s associations set up specifically to combat the pyramid scheme. Following increased illegal QNet recruitment in Manipur, the statewide QNet Fraud Victim’s Welfare Association has called for “urgent action”

Lyoness has filed for bankruptcy in Europe. As per an October 24th press-release issued by Richard Meixner, Managing Director of Lyoness Italy;

After selling its distributor and customer base info to TranzactCard, Kannaway is now walking back its “strategic partnership”. A new warning advises distributors to keep their Kannaway and TranzactCard marketing separate.

Dream Farm fails to provide ownership or executive information on its website. Dream Farm’s website domain (“dreamfarmworld.com”), was privately registered on February 2nd, 2023. In an attempt to appear legitimate, Dream Farm provides investors with a Colorado shell company certificate. Due to the ease with which scammers can register shell companies with bogus details, shell [Continue reading…]