Glenn Arcaro’s BitConnect sentencing delayed till May 6th, 2022
BitConnect defendant Glenn Arcaro’s BitConnect sentencing has been delayed till May 6th, 2022.
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Traffic Monsoon Receiver drops sale of Scoville’s UK apartment
The Traffic Monsoon Receiver has announced she’s stopped pursuing the sale of Charles Scoville’s UK flat.
Zeniq Technologies securities fraud warning from Dubai
Zeniq Technologies has received a securities fraud warning from Dubai. No, that’s not a typo.
Haojia Miao pleads guilty to Krstic Ponzi wire fraud
Haojia Miao has pled guilty to one count of wire fraud. Miao (aka Haljia Miao and Stan Miao), is part of Kristijan Krstic’s Ponzi empire. He was arrested in California in October 2020.
Summary judgment against Alan Friedland denied, trial date set
The CFTC has been denied summary judgment against Alan Friedland (right). The Compcoin fraud case continues towards trial, now scheduled for January 31st, 2022. The CFTC moved for summary judgment against Friedland back in July. In their filing, the CFTC argued there was “no genuine issue of these material facts” in the case.
Mark Scott’s case for a OneCoin retrial
On December 15th, Mark Scott finally filed his case for a OneCoin retrial. Scott was convicted in November 2019 and seeks to overturn his conviction. Arguments raised by Scott in favor of a retrial focus on two instances perjury by witness Konstantin Ignatov, and how the perjury allegedly impacted the jury’s guilty verdict.
Hyperverse added to UK’s HyperFund securities fraud warning
Hyperverse has received its first securities fraud warning from the UK’s Financial Conduct Authority.
FDA: BlackOxygen Organics’ mud had elevated lead & arsenic
In an extortion lawsuit filed in September, BlackOxygen Organics attributed their regulatory issues to former distributor David Bykowski. In August 2021, Bykowski encouraged members of his Facebook group and others to file complaints about BlackOxygen Organics products with Health Canada, the Canadian agency that regulates consumable products, and the U.S. Food and Drug Administration. Bykowski’s [Continue reading…]
William Roshak served $500,000+ Profit Connect clawback suit
The Profit Connect Receiver identifies William Roshak, a Nevada resident, as one of the Ponzi scheme’s employees. Roshak was also a top Profit Connect affiliate promoter. Of the $3 million that Profit Connect paid out to its affiliates, Roshak received over $500,000. On November 4th the Receiver filed a clawback lawsuit against Roshak, his former [Continue reading…]
Investview CEO arrested on recovery scam fraud charges
Investview CEO Joseph Cammarata has been arrested on recovery scam fraud charges. The SEC has also filed parallel civil proceedings against Cammarata and two co-conspirators.
