Mindset 24 Global a $1 mill+ Ponzi scheme, alleges SEC
The SEC has filed suit against Mindset 24 Global. The regulator alleges the since collapsed company operated as a Ponzi scheme.
The SEC has filed suit against Mindset 24 Global. The regulator alleges the since collapsed company operated as a Ponzi scheme.
The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]
Success by Health’s bid to overturn summary judgment via a motion for reconsideration has been denied. The FTC was granted liability summary judgment against Success by Health in September. In their motion for reconsideration, the SBH defendants focused their attention on VOZ Travel.
Due to the complex nature of the case, the Bitcoiin criminal trial has been pushed back to March 14th, 2022.
Norwegian authorities have issued a third CashFX Group fraud warning. The Financial Supervisory Authority of Norway’s notice follows a warning from the Lotteries Authority earlier this year.
Success by Health and Jay Noland are set to appeal three orders against them; the original preliminary injunction order, and the FTC’s granted motion for sanctions and summary judgment.
Appi Travels has received a pyramid scheme warning from the Bank of Russia. Following an internal investigation, the Bank of Russia states it has “established” Appi Travels exhibits “signs of a pyramid scheme”.
Ghanaian authorities have arrested another fifteen QNet affiliate scammers. As reported by the Ghanaian Times, on October 15th
Health Canada has recalled BlackOxygen’s products “due to potential health risks”. As per a recall alert issued on September 23rd, Health Canada warns;
Polish prosecutors have seized $6.4 million from Lyoness’ bank accounts. The accounts were held with ING Bank Slaski SA and contain a mix of euros and zloty (PLN).