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Late last year Daxio launched an “automated sports trading” Ponzi scheme. No word on how many bajillionaires have been created so far. But now Daxio has gotten into NFT metaverse grifting. Oh and Daxio has also launched two shitcoins. Because of course it has.

Luigi Bruni’s life after CashFX Group is providing insight into how the Ponzi scheme continued to recruit new victims, despite denying withdrawals for close to a year. Like any MLM Ponzi scheme, CashFX Group owner and CEO Huascar Lopez kept most of the money for himself. He also paid top affiliates $20,000 a month to [Continue reading…]

Two EmpiresX victims have filed a civil class-action in Florida. That’s on top of the CFTC’s and SEC’s civil regulatory lawsuits against EmpiresX. What’s interesting is the Florida state court hearing the class-action has appointed an EmpiresX Receiver.

William Roshak has settled his Profit Connect fraud for $470,000. The settlement was reached following $500,000+ clawback lawsuit, filed against Roshak late last year.

Police in Sao Poalo raided Philip Han’s luxury condo at 5am on Tuesday, August 23rd. As reported by Estadio (paywall), Han and his wife Carla Moreira Han are suspected of

Three Defendants in the “employee leaks” case have filed a countersuit against Paparazzi’s co-founders. Defendants and now Counterclaim Plaintiffs Geraldine Souza, Jennifer Carrol and Jaime Robinson allege, among other things, that Paparazzi is a pyramid scheme.

BehindMLM reader Mickey Burns stopped by earlier today to let me know I love your stuff on this blog, it’s helped me a lot over the years. She also took aim at our coverage of Awakend’s prelaunch, specifically pertaining to their leptin supplement Zenith. Oz, the white paper is on the website. And even a [Continue reading…]

Eric J. Dalius has reached a settlement with the SEC over Saivian securities fraud. The news follows the Saivian defendants reentering negotiations with the SEC back in June.

After recovering from losing its website a few months ago, Elevate Pass has collapsed again. This time the reason is financial, with CFO Mark Verdellen cashing out and doing a runner.

A second class-action has been filed against Tori Belle Cosmetics in the state of Washington. Subject matter is much the same as the first state-level class-action, filed on August 2nd. Class Plaintiff Leslie Shon Weathers claims she was improperly charged $9 a month for 25 months.