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.
MLM @ BehindMLM
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.
Debt Box’s owners are hiding/selling frozen assets
As per a motion seeking a contempt order and sanctions, Debt Box’s owners appear to be hiding and attempting to sell frozen assets. Debt Box’s owners are also allegedly not cooperating with a court-appointed Temporary Receiver. As noted in Temporary Receiver’s filing, these are direct violations of a previously granted Temporary Restraining Order.
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.
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.
