Troy Sutton settles Profit Connect fraud with Receiver
Following notice of a provisional settlement filed last November, Troy Sutton’s Profit Connect settlement has been approved.
MLM @ BehindMLM
VBit Technologies desist & refrain order from California
The collapsed VBit Technologies Ponzi scheme has received a desist and refrain order from California’s Department of Financial Protection and Innovation (DFPI). VBit Technologies associated companies cited by the DFPI in their January 31st order include:
Traffic Monsoon victims to receive ~77.8% of claimed amounts
Following an order to file a Status Report regarding victim distribution by February 16th, the Traffic Monsoon Receiver has done so. Today we’re covering two filings, a February 13th Motion for Approval of Proposed Plan of Distribution, and the February 16th filed Status Report.
HyperTech Ponzi securities fraud warning from AB, CA
HyperTech and associated Ponzi schemes have received a securities fraud warning from Alberta, Canada. The Alberta Securities Commission added HyperTech, HyperFund, HyperNation and Hyperverse to its Investment Caution List on February 7th.
Argentine authorities announce Generation Zoe criminal trial
Following almost two years of investigation, the Public Prosecutor’s Office in Villa Maria has announced a Generation Zoe criminal trial. The trial was announced on Wednesday the 14th, following charges against Generation Zoe founder Leonardo Cositorto and twenty-five additional defendants.
SEC confirms federal fraud investigation into NovaTech FX
The SEC has confirmed a federal investigation into the NovaTech FX Ponzi scheme. Following non-compliance of investigative subpoenas served on Dap Dunbar and Corrie Sampson, the SEC obtained a court order enforcing compliance.
GSPartners fraud warning issued by New Zealand
GSPartners has received a fraud warning from New Zealand. As per the Financial Markets Authority’s February 7th warning, the regulator
OmegaPro.IN securities fraud warning from Spain
OmegaPro.IN has received a securities fraud warning from Spain. As per the Comision Nacional del Mercado de Valores’ February 5th warning, OmegaPro.IN
CryptoProgram’s Ed Zimbardi under investigation in Georgia
Serial securities fraud recevidist Ed Zimbardi is under investigation in Georgia. As reported by WSB-TV on February 1st;
MTI net-winners subject to BTC clawbacks (and it’s a mess)
Thus far Mirror Trading International liquidation proceedings are seemingly unable to be anything but confusing across all aspects. How MTI net-winner clawbacks are being handled is of course no exception.
