Xera securities fraud warning from Australia
Xera has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). As per ASIC’s April 23rd warning, Xera
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MTI reporting prompts legal threat from Maxtra Technologies
Coverage of ongoing clawback litigation against Mirror Trading International Ponzi scammers has seen Maxtra Technologies threaten legal action.
Billionico blocks Texas following securities fraud warning
Billionico has blocked Texas residents following its inclusion in a securities fraud order.
Auratus launches with new shell companies
Billionico is dead in the water following a securities fraud cease and desist from Texas. As part of the Texas State Securities Board’s April 22nd order, Auratus was cited as an associated company tied to Terry Lee and a Hong Kong shell company. Other companies TSSB associated with Auratus include Primus Liquidity Holding (Marshall Islands), [Continue reading…]
Piotr Chajkowski settles Traffic Monsoon fraud for $1.02 million
Polish Traffic Monsoon scammer Piotr Chajkowski has settled clawback proceedings against him. In an April 10th filing, the Traffic Monsoon Receiver confirmed “the amount of $1,027,236.58, has been fully satisfied by payment of the full Settlement Amount”.
William Morro pleads guilty to OneCoin bank fraud
On the same day he was arrested, William Morro was arraigned before a Judge. At his arraignment Morro pled guilty to one count of conspiracy to commit bank fraud.
William Morro arrested for OneCoin money laundering
William Morro has been arrested on OneCoin money laundering charges. As per an April 23rd superseding indictment charging Morro with bank fraud;
Shelly Cullen convicted of Lion’s Share pyramid scamming
Serial Ponzi promoter Shelley Cullen has been convicted of five violations of New Zealand’s Fair Trading Act. Cullen, who once declared she wanted to be “one of the biggest scammers in NZ”, is facing a fine of up to $600,000 NZD per violation.
Bonofa scammers sentenced to 6-7 years in prison
Following their arrest in 2016, AlphaPool and Bonofa ringleaders Detlef Tilgenkamp, Thomas Kulla, Gernot Fuhr and Martin Böhm have received prison sentences.
DOJ seeking HyperFund victim impact statements
As part of ongoing criminal proceedings against Sam Lee, Brenda Chunga and Rodney Burton, the DOJ is seeking HyperFund victim impact statements. Investors who lost money in HyperFund, Hyperverse and/or HyperNation are able to get further details from the DOJ’s website. HyperFund victim impact statements can either be mailed in or emailed (a PDF template [Continue reading…]
