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.
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 has received its first securities fraud warning from the UK’s Financial Conduct Authority.
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…]
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 Joseph Cammarata has been arrested on recovery scam fraud charges. The SEC has also filed parallel civil proceedings against Cammarata and two co-conspirators.
The FTC v. Success by Health trial is likely to be delayed. Jay Noland and his fellow defendants are not ready for trial. At time of publication the Success by Health defendants have not filed a notice indicating their readiness for a Final Pretrial Conference.
A DOJ filing in the SEC’s BitConnect case suggests promoters are facing criminal indictment.
SeedChange has been added to the SEC’s “PAUSE list”. PAUSE stands for “Public Alert: Unregistered Soliciting Entities”.
Antonije Stojiljkovic and Jaira David have pled guilty to charges related to Krisitijan Krstic’s Ponzi empire. Stojiljkovic’s plea agreement was filed on November 23rd. David’s on November 29th.
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