Mining Capital Coin’s Jr. Caputti indicted on fraud charges
Mining Capital Coin co-founder and CEO Luiz Carlos Capuci Jr., has been indicted on wire and securities fraud charges.
MLM @ BehindMLM
FTC seeks comment on Deceptive or Unfair Earnings Claims
A typical component of an FTC lawsuit against an MLM company is deceptive or unfair earnings claims. Last year the Supreme Court, in a decision that sided with payday loan scammers, limited the FTC’s ability to regulate MLM fraud. Specifically, the FTC was barred from seeking “equitable monetary relief under section 13(b) of the FTC [Continue reading…]
Mindset 24 settlements brewing, defense attorney wants out
A Telephonic Status Conference held on April 15th has edged Mindset 24 defendants towards an SEC settlement. As per the order, individual ex parte phone conferences with the court are to be scheduled. The April 15th order states this is ‘in order for the Court to determine if further ADR is appropriate‘. “ADR” being Alternative [Continue reading…]
OmegaPro securities fraud warning from Nicaragua
OmegaPro has received a securities fraud warning from Nicaragua’s Superintendencia de Bancos y de Otras Instituciones Financieras (SIBOIF).
OmegaPro a Ponzi in Congo Republic, arrests made
Congo Republic’s Director General of National Financial Institutions, Jean-Pierre Nonault, has stated OmegaPro is a “Ponzi type scam”. The declaration follows arrest warrants issued against two national OmegaPro managers.
SEC sues Chiang & Tippetts for Nasgo & ShareNode sec. fraud
The SEC has filed suit against Steven Chiang (aka Cyrus Kong), Eric Tippetts, James Hardy and Maurice “Butch” Chelliah. As alleged by the regulator, the defendants scammed consumers out of millions through their Nasgo and ShareNode Ponzi schemes.
JetCoin CFTC civil case stayed, Aggesen’s attorney issue
The CFTC’s fraud case against four JetCoin scammers has been stayed, pending the outcome of parallel criminal proceedings.
US authorities hunting Ormeus Global’s John Barksdale
The SEC is hunting down John Barksdale to serve him a copy of their $124 million civil lawsuit. In addition to the SEC’s civil action, Barksdale (right) has been indicted on Ormeus Global related charges.
Crowd1 promoters arrested in India
Two Crowd1 promoters in India’s south-west have been arrested. Authorities in Kerala allege suspects “Joshy” and “Berson” stole over ten million rupees (~$130,000 USD).
CBI Global securities fraud warning from South Africa
CBI Global has received a securities fraud warning from South Africa’s Financial Sector Conduct Authority.
