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A May 1st report from India’s Directorate of Enforcement has provided insight into the ongoing fraud investigation into iX Global and CEO Joseph Martinez.

Forcount scammer Juan Antonio Tacuri Fajardo has pled guilty to conspiracy to commit wire fraud. Following an initial not guilty plea, Tacuri changed his mind and pled guilty at a hearing held on June 5th.

The Namibian Police Officer pro$ecuting the CBI Global Ponzi ca$e appear$ to have come down with a $udden ca$e of amne$ia.

Mavie Global, Ultron and several promoters have received a cease and desist order from Quebec’s Autorite des Marches Financiers (AMF). Named respondents in AMF’s May 16th order are:

Following his arrest in late May and subsequent release on bail earlier this week, further details of Neil Leon De Waal’s criminal case have emerged. A June 6th report from Netwerk 24’s Jana van der Merwe provides insight from De Waal’s Monday bail hearing.

Samuel James Smith has settled FTC Act and Telemarketing Sales Rule violations with the FTC. As per a May 28th filed consent judgment, Smith has agreed to a $7.5 million judgment. The FTC filed suit against Smith and accomplices Bob Shafer and Charles Garis back in January. Smith and Shafer ran Blueprint to Wealth, which [Continue reading…]

New York Attorney General Letitia James has sued NovaTech FX, AWS Mining and Eddie and Cynthia Petion for fraud. Through NovaTech FX and AWS Mining, the NYAG alleges the Petions “defrauded thousands of investors worldwide out of over a billion dollars”.

South African authorities have arrested GSPartners promoter Neil Leon De Waal. De Waal was recruited into GSPartners by Brendon Earp-Jones, who in turn was recruited by Andrew Eaton. Eaton was a top GSPartners promoter who worked directly under owner Josip Heit.

Neora has lost a bid to have the FTC cover $5.2 million in “attorney’s and expert fees and expenses”.

Chogan Group executives, including its co-founders, have been arrested for “tax fraud, money laundering and self-laundering, as well as tax and bankruptcy crimes.” Operation “Paradise World”, an investigation initiated by Italian authorities, resulted in four arrests made earlier this week.