OnPassive diverts payments to Dubai after SEC lawsuit
Following an SEC lawsuit alleging $108 million in fraud, OnPassive appears to be diverting payments to Dubai. OnPassive affiliates report US banks are flagging the transactions as fraudulent.
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CFTC’s iComTech case stayed pending criminal case outcome
On September 7th the DOJ moved to stay proceedings in the CFTC’s civil iComTech case. The request was granted on September 8th.
Success by Health FTC fraud judgment tops $7.3 million
Success by Health as a corporate entity has been ordered to pay $7.3 million dollars in penalties. The September 18th judgment follows an earlier May 2023 judgment, which saw Jay Noland have to pay the same amount for violating the 2002 NetForce injunction.
OneCoin’s Mark Scott denied motion for new trial
Following his conviction in November 2019, OneCoin money launderer Mark Scott filed for an acquittal or new trial in February 2020. With a decision on that motion pending, new information regarding Konstantin Ignatov perjuring himself saw Scott file a supplemental motion for a new trial in August 2021. (Scott) argued that, had the jury known [Continue reading…]
FutureNet’s Stephan Morgenstern re-arrested in Albania
Last October FutureNet Ponzi co-founder Stephan Morgenstern was arrested in Greece. South Korean authorities had obtained an international arrest warrant, pertaining to Morgenstern defrauding consumers through FutureNet. Despite Morgenstern being charged with stealing over $30 million, Greek authorities thought it’d be a good idea to release him pending extradition. Morgenstern promptly fled to neighboring Albania, [Continue reading…]
Daniel Pacheco’s iPro Network fraud settlement tops $2 million
Daniel Pacheco’s iPro Network fraud settlement with the SEC has topped $2 million dollars.
Joe Cammarata accused of witness tampering in tax fraud case
Joseph Cammarata has been accused of witness tampering in his ongoing tax fraud cause. The DOJ alleges the former Investview CEO improperly communicated with one of his accomplices.
SEC secures summary judgment against Joseph Cammarata
The SEC has secured summary judgment against former Investview CEO Joseph Cammarata. Judgment was ordered on two counts of alleged securities fraud on August 31st.
Passivo securities fraud warning from Germany
Passivo is under regulatory investigation by BaFin, Germany’s top financial regulator.
iX Global’s securities fraud climbs to $110 million
iX Global’s and Debt Box’s combined securities fraud has climbed to over $110 million. This is up from the original $49 million the SEC sued the companies for last month.
