Apex376 Partners LLC added to SEC’s PAUSE list
Apex376 Partners, as Apex 376 Partners LLC, has been added to the SEC’s PAUSE list.
MLM @ BehindMLM
eBayShop “click a button” Ponzi collapses, Fiji hit hard
The collapse of the eBayShop “click a button” app Ponzi has hit Fiji hard, prompting an official government response. eBayShop was a typical “ecommerce” ruse click a button app Ponzi. Gullible investors were led to believe “clicking a button” in an app corresponded with eBay orders.
COS fraud warning from Washington
The Washington State Department of Financial Institutions has issued a fraud warning pertaining to COS. Describing COS as a “fraudulent cryptocurrency trading platform”, DFI took action following a consumer complaint. COS is a simple “click a button” app Ponzi run by Chinese scammers. As part of the ruse, COS pretends to be based out of [Continue reading…]
Mining Capital Coin arrests & seizures in Brazil
Brazil’s Federal Police (PF) launched Operation Yang on September 13th. The enforcement action follows a criminal investigation, which began last year in August. Details in a a press-release issued by the Federal Police suggest they are targeting Mining Capital Coin.
Youngevity hasn’t filed financial reports with SEC since 2020
The SEC has initiated administrative proceedings against Youngevity. The federal regulator took action after noting Youngevity has “not filed any periodic reports since” September 2020.
OneCoin’s Sebastian Greenwood sentenced to 20 years
OneCoin co-founder Sebastian Greenwood has been sentenced to 20 years in prison. Citing the need for “general deterrence” against MLM Ponzi schemes, Judge Ramos handed down Greenwood’s sentence on September 12th.
CFTC’s Fundz Complaint dismissed, Amended Complaint coming
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”.
Three IM Mastery Academy promoters charged in Poland
Three IM Mastery Academy promoters in Poland have been charged with promoting a pyramid scheme.
Bolivian Pay Diamond scammers arrested in Argentina
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 & Jifu under investigation in Poland
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.
