Craig Grant receives BitConnect phone call from SEC
Top BitConnect promoter Craig Grant has confirmed he received a phone call from the SEC on September 26th.
MLM @ BehindMLM
Authorities move to seize $5.9M in Gain Bitcoin Ponzi assets
Indian authorities have filed for seizure of almost $6 million in property assets tied to the GainBitcoin and GB21 Ponzi schemes.
BitConnect securites fraud cease and desist issued in North Dakota
Having evidently taken their sweet time about it, the North Dakota Securities Division issued BitConnect a cease and desist on September 19th.
$2.5M default judgment sought against Telex Mobile & TelexElectric
According to records prepared by disgraced accountant Joseph Craft, TelexFree transferred $500,870 to Telex Mobile and $2.02 million to TelexElectric between 2012 to 2014. For all intents and purposes Telex Mobile and TelexElectric were shell companies owned by Carlos Wanzeler and James Merrill. Arguing that neither company provided any services to TelexFree in exchange for [Continue reading…]
Lyoness under preliminary investigation in Italy
In what very well could be an early death-knell for Lyoness, Italian authorities have announced a preliminary investigation into the company.
FTC vs. Chandler, Gatto, Pinkston & Dluca trial set for Sep 2019
It’s been about a month since we last checked in on the FTC’s lawsuit against Scott Chandler, Louis Gatto, Eric Pinkston and Thomas Dluca. Probably the most significant update we have for you is the scheduling of a two-week criminal trial on September 16th, 2019. In the meantime, mediation between the FTC and criminal defendants was [Continue reading…]
AWS Mining’s World Digital Mining Summit Photoshop fail
It’s not that a Ponzi admin couldn’t attend a cryptocurrency event, which makes AWS Mining’s hilarious World Digital Mining Summit Photoshop fail all the more amusing.
Magellan International confirms securities fraud by pulling out of US
In recent communication sent out to its investors, Magellan International Alliances has announced it is pulling out of the US. The announcement also serves as confirmation Magellan are engaged in securities fraud.
Trevon James gagged by SEC on BitConnect subpoena appearance
Since his September 14th appearance before the SEC, Trevon James has been awfully quiet on social media. In his first YouTube video since the appearance, James has confirmed the SEC has gagged him from talking publicly about what was discussed.
Mark S. Scott’s $2.5 million OneCoin money laundering bond details
Mark S. Scott, the US-based lawyer who allegedly assisted OneCoin with laundering $400 million in stolen funds, has had his $2.5 million bond signed off on and paid.
