QZ Asset Management confirmed illegal in Indonesia
QZ Asset Management has been found to be offering unregistered securities in Indonesia. As such, the Otoritas Jasa Keuangan has declared QZ Asset Management to be an illegal investment scheme.
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John DeMarr sentenced to 5 years in prison for Krstic fraud
John DeMarr, a central figure in Kristijan Krstic’s Ponzi empire, has been sentenced to 5 years in prison. DeMarr has also been ordered to pay back $3.5 million in restitution.
Rodrigo Hernán García arrested for Generation Zoe fraud
Argentinian authorities have made another Generation Zoe Ponzi arrest. Rodrigo Hernán García (aka Roko and Rokomanía), was arrested earlier this week by Argentina’s Anti-mafia division. He has been charged with illicit association and fraud.
John McClane & Paul Nash settle SEC’s Mindest24 Global case
Mindset24 Global scammers John Brian McLane Jr. and Paul Anthony Nash have settled fraud allegations with the SEC.
Dr. Tina Wong fined $15K for doTerra COVID-19 misinformation
Dr. Tina Wong has been fined $15,000 for spreading COVID-19 misinformation to market doTerra. The DOJ sued Wong on behalf of the FTC on January 5th, alleging violations of the FTC Act and COVID-19 Consumer Protection Act.
doTerra’s Lauren Busch fined $15K for bogus COVID-19 claims
doTerra executive Lauren Busch has been fined $15,000 for making deceptive COVID-19 marketing claims.
doTerra distributor fined $15K over bogus COVID-19 claims
A licensed nurse practitioner, who also moonlights as a doTerra distributor, has been fined $15,000 for making deceptive COVID-19 marketing claims.
Jean Paul Ramirez Rico settles $12 mill fraud case with SEC
Jean Paul Ramirez Rico has settled a $12 million fraud case filed against him by the SEC. On January 24th, 2023, the SEC filed a Motion for Entry of Judgment against Ramirez. Ramirez consented to the motion, constituting an effective settlement. The court granted the SEC’s motion later the same day, leaving Angel Rodriguez the [Continue reading…]
UK authorities returned £30 mill to OneCoin money launderer
Back in 2016 the City of London Police arrested Christopher Hamilton. Hamilton had been reported up for suspicious transactions by his bank. An investigation revealed the transactions were tied to OneCoin. Along with Hamilton’s arrest, the CoLP also seized £30 million in checks, purportedly sent to Hamilton by convicted OneCoin money launderer Gilbert Armenta. At [Continue reading…]
Uulala & Batched reboot collapses, SEC investigation confirmed
Both Uulala and its Batched reboot have collapsed. Affiliate investors can’t log in, meaning withdrawals are effectively disabled.
