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Three QNet executives have been arrested on pyramid scheme fraud charges in Hyderabad, India. As reported by India Today on May 30th;

Swiss Valorem Bank and GSPartners have received a securities fraud warning from British Columbia, Canada.

As per a Status Report filed by the SEC on May 4th, Ryan Evans has refused to settle his Saivian fraud case. The parties have met and conferred several times regarding the potential to resolve this matter, including after the resolution of the matter as to the other defendants. Unfortunately, the parties have so far [Continue reading…]

IM Mastery Academy has received a securities fraud warning from Luxembourg’s Commission de Surveillance du Secteur Financier. As per the CSSF’s May 24th warning;

Nextgen crypto assets have been seized in Australia under suspicion of money laundering. In a May 26th notice addressed to NextGen,  the Australian Transaction Reports and Analysis Center (AUSTRAC) states they

GSPartners has received a securities fraud warning from the Alberta Securities Commission. The ASC added GSPartners to its “Investment Caution List” on May 19th, 2023.

Eaconomy has received a securities fraud warning from Quebec’s Autorite des Marches Financiers.

HyperNation has received a securities fraud warning from Quebec’s Autorite des Marches Financiers. As per the AMF’s May 24th investor warning; HyperNation is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This is the equivalent of a securities fraud warning in other jurisdictions.

Richard Maike’s conviction appeal has been dismissed. The appeal was filed after a motion seeking an acquittal and new trial was denied last September.

When MLM companies committing fraud tout a debit card, it’s typically obtained through shell companies attached to dodgy merchants. Both GSPartners’ and PLC Ultima offered debit cards through PMA Media Group, Aurae Lifestyle, Nvayo Limited, Club Swan and AU Card LLC – all owned by Christopher James Scanlon. Scanlon was arrested by US authorities at [Continue reading…]