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Five scammers behind the Bitsolives Ponzi scheme have been charged by Indian authorities in Mumbai. One arrest has been made in Pune. The other four scammers are on the run.

Eight IM Mastery Academy affiliates have been arrested in Spain. Spanish authorities have charged the affiliates for promoting a pyramid scheme.

The Generation Zoe saga continues with Maximiliano Batista’s arrest in Argentina. With his political persecution excuses falling flat, founder Leonardo Corsitorto is now hiding behind religion.

OmegaPro has received a securities fraud warning from Mauritius’ Financial Services Commission.

Italian authorities are cracking down on the Corsair Group Ponzi scheme. CONSOB has already been banned the company’s website nationwide. Now a 49 year old suspect’s home has also been raided, and he’s been warned of pending criminal action.

This week we began documenting Leonardo Cositorto’s travels across Colombia. Speaking to Colombian radio station W Radio just over a week ago, Cositorto maintains he’s in Colombia legally. Cositorto is founder of the collapsed Generation Zoe Ponzi scheme. He purportedly has an Interpol red notice out on him from Argentina, making his free travel across [Continue reading…]

Default judgment has been entered against Redwood Scientific Technologies and a bunch of corporate defendants. Final judgment has also been entered against owner Jason Cardiff and wife Eunjung Cardiff.

Gift of Legacy has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s March 18th warning, Gift of Legacy exhibits signs of a “financial pyramid” scheme.

Thailand’s Anti-Money Laundering Office is accepting victim claims against OneCoin and co-founder Sebastian Greenwood.

Ongoing Receivership issues with the IRS are holding up distribution payments to USFIA victims.