Validus ordered to cease business operations in New Zealand
Validus and its promoters have been ordered to cease all business operations in New Zealand. The Financial Markets Authority’s interim stop order was issued on February 16th.
MLM @ BehindMLM
APLGO commission delays, on the verge of collapse?
A source has provided insight into APLGO’s current business operations. The company is reported to be behind in commissions for over a year, as well as being behind on inventory payments in “most markets”.
Eddy Alexandre pleads guilty to EminiFX criminal fraud charge
EminiFX founder Eddy Alexandre has pled guilty to one count of commodities fraud. Alexandre’s guilty plea includes $248.8 million forfeiture judgment.
Arrest warrant issued for Karatbars International’s Harald Seiz
A German court has issued an arrest warrant for Karatbars International founder and CEO Harald Seiz.
Gilbert Armenta’s OneCoin cooperation dossier
On January 27th OneCoin defendant Gilbert Armenta’s attorneys filed a Sentencing Memorandum. The filing was heavily redacted, prompting Inner City Press’ Matthew Lee to file a motion requesting access to an unredacted version. At the request of the court, on February 10th Armenta’s attorneys clarified their position on the redactions. Recognizing that Mr. Armenta’s cooperation [Continue reading…]
Default judg. against Forsage’s Sergey Maslakov & Lola Ferrari
Default judgment has been granted against Forsage Ponzi scammers Sergey Maslakov and Lola Ferrari.
WeWe Global & LyoPay Ponzi fraud warning from NZ
WeWe Global and LyoPay have received a “ponzi and pyramid” fraud warning from New Zealand. As per the Financial Markets Authority’s February 8th warning;
Eric Dalius’s Saivian fraud settlement recovers $24 million
Eric J. Dalius’ Saivian settlement has cost him $24 million USD. On February 3rd the SEC filed a stipulation requesting judgment against Dalius and Savian LLC.
FTC & Arkansas file for BINT summary judgment
The FTC and State of Arkansas have filed for summary judgment against Blessings in No Time and owner operators LaShonda and Marlon Moore.
Crown Global securities fraud warning from Canada (Alberta)
Crown Global has received a securities fraud warning from Canada. On February 3rd the Alberta Securities Commission added Crown Global to its Investment Caution List.
