The EmpiresX criminal indictments
Emerson Pires, Flavio Mendes Goncalves and Joshua David Nicholas have been indicted. Criminal charges filed against the trio pertain to the EmpiresX Ponzi scheme.
MLM @ BehindMLM
FES Temp Receiver has “concerns” on business legality
The Financial Education Services preliminary injunction was scheduled to take place on June 30th. As far as I know the hearing took place. As of yet though there have been no further updates to the case docket. I’m putting this down to the holiday weekend in the US. I’ll check back sometime next week. In [Continue reading…]
Xifra Global (Decentra) securities fraud warning from Spain
Xifra Global has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores. Xifra Global is part of the Xifra Lifestyle Ponzi scheme, which was rebooted as Decentra earlier this year.
EmpiresX scammers indicted on three counts of fraud
Emerson Pires, Flavio Goncalves and Joshua David Nicholas, have each been indicted on EmpiresX fraud charges. Pires and Goncalves co-founded the EmpiresX Ponzi scheme. Joshua Nicholas worked with them to create the illusion of trading.
EmpiresX sued for $41.6 mill in commodities fraud by CFTC
The Commodity Futures Trading Commission has sued EmpiresX and its executives for “at least $41.6 million” in fraud. The CFTC’s lawsuit was filed in parallel with an SEC civil fraud lawsuit pertaining to the same conduct.
EmpiresX sued for $40 million in securities fraud by SEC
EmpiresX and its executives have been sued by the SEC for $40 million in securities fraud. In addition to being fraudulent, Defendants’ offers and sales of EmpiresX securities violated the registration provisions of the federal securities laws. The SEC brings this lawsuit to hold Defendants responsible for their fraud The SEC’s lawsuit was filed on [Continue reading…]
Johann Steynberg sued by CFTC over MTI fraud ($1.7B Ponzi)
Mirror Trading International CEO Johan Steynberg has been sued by the CFTC. According to the regulator, Mirror Trading International was a $1.7 billion dollar Ponzi scheme.
OneCoin’s Ruja Ignatova on FBI’s top ten most wanted list
The FBI has added OneCoin founder Ruja Ignatova to their top ten most wanted list. US authorities have put up a $100,000 reward “for information leading to (her) arrest”.
Mining Capital Coin preliminary injunction granted
The SEC has secured a preliminary injunction against Mining Capital Coin. The granted injunction also applies to individual defendants Luiz Carlos Capuci and Emerson Sousa Pires.
Eric J. Dalius & SEC re-enter Saivian settlement negotiations
As per a Joint Notice filed on June 2nd, the SEC and defendant Eric J. Dalius will return to mediation. With the Saivian fraud trial scheduled for September 2022, this would appear to be the last change for Dalius to settle and avoid potentially harsher penalties in court.
