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The Czech National Bank has issued a securities fraud warning against Crowd1.

Digital Income System, its owners and top promoters have been sued by the FTC. According to the regulator, Digital Income System is a fraudulent money-making opportunity scheme that preys on consumers hoping to earn money from home. The FTC’s lawsuit was initially filed under seal. We became aware of it thanks to a reader tip-off [Continue reading…]

Despite negotiations taking place for over a year, at present a settlement between the FTC and Neora looks unlikely. As per a settlement report filed on December 9th, the parties advise;

The Central Bank of Hungary (MNB) has added Crowd1 to its list of banned companies.

The National Bank of Slovakia (NBS) has issued a securities fraud warning against Crowd1. The NBS operates as  is Slovakia’s top financial regulator.

The USFIA Receiver has allowed victim claims totaling $45.2 million. As at November 9th, $15.3 million in claims and an additional $11.1 million in duplicate claims have been disallowed.

Following on from allegations the Success By Health deleted evidence, the FTC has made new allegations pertaining to fabricated evidence.

Jason Cardiff’s request for $42,596 a month to cover his family’s expenses has been reduced to $4300 a month. Of the $4300 granted, $2500 covers child support leaving $1800 for “groceries and daily necessities”.

WoToken was a mobile app Ponzi scheme launched by Chinese scammers last year. Last month the scam’s co-founders, Gao Yudong, Li Qibing, Wang Xiaoying and Tian YongBo, were each sentenced by a Chinese court to prison sentences ranging from two years six months to eight years six months.

AirBit Club co-founder Gutemberg Dos Santos was extradited from Panama on November 25th. The extradition was part of the DOJ’s AirBit Club criminal case, which also names Renato Rodriguez as a co-conspirator.