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In a bid to shirk legal responsibility for running a $29 million gifting scheme, Marlon and LaShonda Moore have had a sovereign citizen meltdown. The court isn’t buying it, their attorneys have bailed and LaShonda and Marlon have been arrested again.

Twelve years ago Michael Deese launched the MyAdvertisingPays Ponzi scheme. MyAdvertisingPays, or MAPS as it was called, is believed to have defrauded US and Europe residents out of tens of millions of dollars. By late 2015 MyAdvertisingPays was on the verge of collapse. The Ponzi limped along throughout 2016, with withdrawals halting in early September. [Continue reading…]

Simo Power fails to provide ownership or executive information on its website. Simo Power’s website domain (“simopower.com”), was privately registered on March 22nd, 2025. As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Both the GSB and Apertum Texas fraud hearings have been delayed. Following a scheduling notice filed last week, the Texas State Securities Board was set to face off against Apertum and owner Josip Heit on Tuesday April 8th. The hearing was rescheduled sometime yesterday for  May 27th and 28th. At time of publication I don’t [Continue reading…]

Kristijan Krstic has pled guilty to conspiracy to commit wire fraud and securities fraud. Krstic’s plea agreement was filed in Texas on April 1st. As per the filing, Krstic is facing up to twenty years on both counts and fines of up to $5.25 million.

AI Quant fails to provide ownership or executive information on its website. AI Quant operates from two known website domains; “aitrx.net” and “aitrx.cc”. Both of AI Quant’s website domain were privately registered on January 20th, 2025. AI Quant has already attracted the attention of financial regulators. Quebec’s Autorite des Marches Financiers issued an AI Quant [Continue reading…]

The Sybbex Ponzi scheme has collapsed. Sometime in the last 24 hours Sybbex’s website has been disabled. Most of Sybbex’s social media accounts have also been deleted. Sybbex’s official FaceBook page hasn’t been deleted yet but was abandoned on April 4th.

iN8’s origins are in the fraudulent investment scheme run by iX Global and Debt Box. Amid a then ongoing SEC fraud case, iX Global founder and CEO Joe Martinez launched iN8 as an NFT Ponzi grift. That lasted roughly two months, with iN8’s first iteration collapsing in March 2024. Martinez (right) launched iX Global back [Continue reading…]

The Johnson class-action case against Paparazzi has been dismissed. The Utah case, originally filed in North Carolina in 2022, stems from findings of toxic metal contamination in Paparazzi’s jewelry that same year. As of March 2025 there are twenty-two Plaintiffs in the Johnson case;

Robot Quantization fails to provide ownership or executive information on its website. Robot Quantization’s website domain (“usdttron.com”), was first registered in 2019. The private registration was last updated on March 19th, 2025. Robot Quantization has already attracted the attention of financial regulators. The Central Bank of Russia issued a Robot Quantization pyramid fraud warning on [Continue reading…]