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The Bank of Namibia successfully overturned a court decision, requiring it to fund Coenraad Botha’s collapsed CBI Global Ponzi scheme. I know that’s an utterly ridiculous sentence but uh… welcome to Ponzi regulation in Namibia.

Blackfort Wallet has received a securities fraud warning from Germany. As per BaFin’s June 29th warning, Blackfort Wallet is offering unregistered securities.

CryptoProgram has received a fraud desist and refrain order from California’s Department of Financial Protection and Innovation. The DFPI claims “Master Affiliate” Edward Anthony Zimbardi is running a Ponzi scheme.

CloudFi appears to have had its website domain seized. Roughly 24 hours ago, CloudFi’s original website domain was disabled through a DNS error:

Disbarred OneCoin lawyer Per Danielsen has lost his case against the Norwegian government. In handing down its June 23rd decision, the Oslo District Court found Danielsen had “persistently deviated from acceptable lawyer behavior”.

Seven QNet promoters have been arrested in Togo’s capital city Lome. As per a June 28th press-release from Togo’s National Police;

Bank of America has prevailed in a filed motion for summary judgment against the TelexFree class-action Plaintiffs.

On June 2nd Jackie Aguilar’s defendant filed a letter advising the court of her death on May 28th. Aguilar, one of six AirBit Club defendants who pled guilty to fraud, was due to be sentenced on June 27th. Following receipt of Aguilar’s death certificate on June 22nd, the case against her was dismissed on June [Continue reading…]

OneX Finance has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s June 27th warning, OneX Finance exhibits “signs of a financial pyramid”.

Traders Domain was a Ponzi scheme run by Canadian national Ted Safranko. An estimated $500 million is believed to have passed through Traders Domain in crypto alone. ROI liabilities at the time of Traders Domain’s collapse in late 2022 have been pegged at around $3.3 billion. While Traders Domain itself wasn’t an MLM Ponzi scheme, [Continue reading…]