3rd NovaTech FX securities fraud warning from Canada (ONT)
The Ontario Securities Commission has issued a NovaTech FX securities fraud warning.
MLM @ BehindMLM
Richard Maike sentenced to 10 years in prison for I2G fraud
Infinity2Global Ponzi founder Richard Maike has been sentenced to 10 years in prison. Maike will also pay a $100,000 monetary fine, with restitution to be determined next year.
Forcount founder and three promoters sued by SEC
Forcount founder Francisley Valdevino Da Silva (aka Francis Silva), has been sued by the SEC. The SEC has also filed civil fraud charges against three US-based promoters.
Ryan Ginster pleads guilty to wire fraud, faces 20 yrs in prison
My Micro Profits founder Ryan Ginster has plead guilty to one count of wire fraud.
Forcount founder & top promoters indicted for wire fraud
Forcount Ponzi founder Francisley Valdevino Da Silva (aka Francis Silva), has been indicted in the US and arrested in Brazil. Two top Forcount Ponzi promoters in the US have also been indicted.
USFIA Receiver details problems with distribution payments
The USFIA Receiver’s 26th Interim Report details several distribution payment problems.
CFTC scores Entry of Default against MTI’s Johannes Steynberg
At the request of the CFTC, an Entry of Default has been recorded against Mirror Trading International CEO Johannes Steynberg.
Maike, Barnes & Hosseinipour file for acquittal and new trial
Richard Maike, Doyce Barnes and Faraday Hosseinipour are trying to weasel out of being found guilty. Following their conviction by jury in September, the trio have filed for an acquittal and retrial.
Infinity2Global defendant Richard Anzalone drowns in Hawaii
Infinity2Global defendant Richard Anzalone has drowned in Hawaii. There’s not much to Anzalone’s death. As per an October 17th report from KITV;
Frank Schneider’s OneCoin indictment unsealed
In what might be indirect confirmation Frank Schneider will be extradited to the US, the DOJ moved to unseal his indictment. The court granted the DOJ’s request on December 5th.
