The CFTC’s initial Complaint against Fundsz has been dismissed. In an order handed down on August 31st, Judge Berger cited the CFTC’s Complaint as an “impermissible shotgun pleading”.
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Three IM Mastery Academy promoters in Poland have been charged with promoting a pyramid scheme.
Two Bolivian Pay Diamond scammers have been arrested in Argentina. Following arrest warrants issued through Interpol, mother and son duo Brian Gutierrez (27) and Nilda Coque (47) were arrested in Buenos Aires.
iGenius, DreamTrips and Jifu are under investigation in Poland. The Office of Competition and Consumer Protection (UOKiK), is specifically investigating whether these companies are pyramid schemes.
A reader got in contact earlier today to share an odd email from the DOJ, regarding Infinity2Global founder Richard Maike. As per the email, sent out as part of the DOJ’s Victim Notification System on September 8th; Defendant(s), Richard G. Maike, has been released from federal custody. The appeal in the case of defendant(s), Richard [Continue reading…]
The CFTC has secured a $1.7 billion consent judgment against Mirror Trading International. The judgment follows settlement negotiations with South African liquidators, and a Joint Motion to approve the then proposed consent judgment on September 5th. The court signed off on the judgment on September 6th.
Following an asset deposition of Mike Sims back in May, the SAEG Receiver has begun seizing assets tied to fraud.
OneCoin co-founder Sebastian Greenwood is scheduled to be sentenced on September 12th. In the lead up to his sentencing, Greenwood’s lawyer filed a Sentencing Memorandum on August 29th. In the memorandum, Greenwood’s lawyers request Greenwood be sentenced to time served and deported.
The Ontario Securities Commission has filed a Statement of Allegations with Canada’s Capital Markets Tribunal. As per the August 25th filed statement, OSC has requested the CMT certify that NovaTech FX and owner CEO Cynthia Petion committed securities fraud in Ontario; issue a permanent injunction against NovaTech FX prohibiting further acts of securities fraud; reprimand [Continue reading…]
Charles Scoville’s Traffic Monsoon indictment has been dismissed. On August 22nd the DOJ moved to dismiss the indictment. The court granted the motion on August 23rd.