Karatbars International securities fraud warning from NZ
New Zealand’s FMA has issued a securities fraud warning against Karatbars International.
MLM @ BehindMLM
Cardiffs’ contempt stay motion infuriates FTC
The FTC isn’t happy about the Cardiffs’ latest attempt to stall regulatory proceedings against them. Eunjung and Jason Cardiff have disregarded this Court’s Orders since the day they were served with the Temporary Restraining Order. They now seek to have the Court stay or set aside three of its Orders, all of which were issued [Continue reading…]
Crowd1 throws Philippine investors under the bus
Crowd1 affiliate investors have been given a glimpse of how the company plans to respond to regulatory action. By throwing them under the bus and abandoning them.
OneCoin class-action stay lifted, case is back on
Plaintiffs in the OneCoin class-action have convinced the Judge to reopen the case. On April 28th a joint letter informed the court of both the plaintiff’s and defendant’s current positions.
Success by Health’s attorney bails for reasons unknown
On March 23rd Success by Health’s attorneys filed a motion to withdraw. At the time attorneys represented the Success by Health corporate entities, as well individual defendants James D Noland, Jr, Lina Noland, Thomas Sacca and Scott Harris. Stated reasons in the withdrawal motion are as follows: 1. The clients have failed to substantially fulfill [Continue reading…]
Norwegian police drop Lyoness case due to lack of resources
Oslo police have decided it’s not worth pursuing an investigation into Lyoness. Audun Kristiansen, a prosecutor at the joint unit for intelligence and investigation, told E24 In light of the current situation and that the case will require considerable resources over a long period of time, we consider it necessary to allocate resources elsewhere. Last [Continue reading…]
FTC v. Redwood Scientific Technologies referred to mediation
The next chapter in the FTC’s fraud case against Redwood Scientific Technologies is likely to be mediation.
Crowd1 securities fraud warning issued in the Philippines
The Philippine SEC has issued a securities fraud warning against Crowd1.
Infinity2Global criminal trial delayed till August (+ updates)
Last we touched base with the Infinity2Global criminal trial (June 2019), defendant Richard Maike wanted to delay proceedings till February 2020. The issue then was Maike was playing attorney musical chairs. Ultimately Maike got his wish and then some, with the court delaying the trial till May 11th, 2020. Now due to COVID-19, the Infinity2Global [Continue reading…]
SEC’s MyNyloxin lawsuit survives motion to dismiss
The SEC’s lawsuit against Nutra Pharma Corporation and CEO Erik Deitsch, has survived a Motion to Dismiss. Some of the defenses raised in the motion however were upheld.
