As the most prominent app wallet Ponzi scheme on the market, it’s only a matter of time before Cloud Token attracts regulatory attention. Evidently fully aware of this, Cloud Token has begun to embrace pseudo-compliance.
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Turns out communications service merchants don’t like their networks being used to promote pyramid schemes. Who didn’t see this coming?
A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. In addition to covering that, today we’re also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit.
The USFIA Receiver has sought approval of a settlement with Maria Wei Wang Shu. Shu was the recipient of a property purchased by a related USFIA entity.
Rather than waste time chasing down Zeek Rewards scammers to collect judgment, the Receiver has opted to sell net-winner judgments to a third-party.
OneCoin scammers in Italy held an event in Verona over the past few days. As those in attendance arrived at the airport to leave Italy after the event, authorities swooped in and made several arrests.
Following complaints of withdrawal delays beginning June 27th, Chinese media are reporting the Plus Token Ponzi scheme has officially collapsed.
As per an announcement sent out to investors a few hours ago, the FX Trading Ponzi scheme has collapsed.
Despite a last-minute letter desperately attempting to diminish his role within OneCoin, Konstantin Ignatov has been denied pre-trial release.
Rumors of OneCoin’s ties to organized crime have persisted ever since authorities around the world began cracking down on the scheme. No alternative explanation has surfaced as to why to date Bulgarian authorities have failed to shut OneCoin down. Or how the company’s executives and top promoters were able to travel the world with impunity. [Continue reading…]