OneCoin’s Irina Dilkinska sentenced to four years in prison
Irina Dilkinska, OneCoin’s former Head of Legal and Compliance, has been sentenced to four years in prison.
MLM @ BehindMLM
Nutra Pharma Corp settles MyNyloxin fraud with SEC
Jury selection for the SEC’s MyNyloxin trial was supposed to kick off on March 25th. Instead on March 7th, a Joint Motion was filed requesting the pending trial. The basis for the request was a reached settlement. On March 8th the Joint Motion was granted, requesting the parties file a Status Report or Stipulation of [Continue reading…]
FDA issues second Govvi heart attack ingredient warning
The FDA has issued a second consumer warning pertaining to undeclared ingredients in Govvi’s WOW! supplement. Testing of an additional sample of WOW! revealed undeclared DMHA. The sample also contained DMAA, which the FDA issued a warning about last December.
YEM Foundation securities fraud warning from Germany
YEM Foundation is under investigation by Germany’s BaFin regulator. As part of BaFin’s ongoing regulation, a YEM Foundation securities fraud warning was issued on March 22nd, 2024.
Indian authorities seize $51.9 million tied to BitConnect
Indian authorities have seized ₹4.3 billion in cryptocurrency, gold and cash ($51.9 million USD). As reported by The Hindu on April 1st, the assets are tied to BitConnect’s “Divyesh Darji and others”.
Coenraad Botha fined R216 million for CBI Global fraud
Coenraad Botha has been fined R216 million ($11.3 million USD) by South Africa’s Financial Sector Conduct Authority (FSCA). Botha, a licensed lawyer in South Africa, has also been disbarred for ten years.
InvesableAI under investigation in Singapore
InvesableAI and the scammers behind it are under investigation in Singapore. As reported by the Straits Times on March 24th;
FutureNet’s Stephan Morgenstern to be extradited to S. Korea
FutureNet Ponzi scammer Stephan Morgenstern will be extradited from Albania to South Korea. Following Morgenstern’s rearrest in Albania after he fled Greece last year, South Korean authorities renewed extradition proceedings.
GSB Gold Standard Corporation fraud warnings from UK
The UK’s FCA has issued multiple securities fraud warnings against GSB Gold Standard Corporation associated companies. On March 21st the FCA issued fraud warnings against G999, Lydian World and Gold Standard Trade (aka GSTrade).
FVP Trade, Onewiex & CosCoin fraud warnings from Belgium
Belgium’s Financial Services and Markets Authority (FSMA) has issued three MLM related fraudulent trading platform warnings. In a warning published on March 14th, the FSMA “strongly advises against responding to any offers of financial services made by” CosCoin, Onewiex and FVP Trade.
