Generation Zoe lawyer Gustavo Saavedra pleads guilty
The first of the arrested Generation Zoe defendants in Argentina has pled guilty. As reported by El Dario in Spanish on May 24th;
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SEC & EmpiresX reach $34.8 million approved settlement
The SEC and EmpiresX have reached a $34.8 million settlement. The reached settlement consists of $32,178,397 in disgorgement and $2,661,554 in prejudgment interest.
CFTC & MTI reach settlement, pending Commission approval
On May 5th, a Texas District Court gave the CFTC a May 26th deadline to file for default judgment against Mirror Trading International (MTI). This prompted the CFTC to file a motion requesting the deadline be stayed on May 15th. In that filing, the CFTC revealed it had reached a settlement with MTI.
CFTC sues iComTech Ponzi scammers for commodities fraud
The CFTC has sued iComTech Ponzi scammers for commodities fraud. Name defendants in the CFTC’s May 24th filed Complaint are:
9 MarketPeak promoters arrested in Japan (Bitopex reboot)
Nine local promoters of the MarketPeak Ponzi scheme have been arrested in Japan. An investigation by Osaka’s Police has revealed approximately 2515 MarketPeak victims, who together have lost ~$5.5 million.
Alliance in Motion Global fraud alert from Pakistan
An Alliance in Motion Global fraud alert has been issued by Pakistan’s Securities and Exchange Commission (SECP).
FTC seeking info from IM Mastery Academy’s Matthew Thayer
The FTC website entry for its IM Mastery Academy case has updated. What we now know is the entry pertains to a petition to quash a civil investigative demand issued by the FTC.
FTC investigating IM Mastery Academy for consumer protection
The FTC appears to have prematurely revealed it has launched a consumer protection enforcement action against IM Mastery Academy.
EminiFX Receiver recovers $173 mill out of $260 mill invested
The EminiFX Receiver has filed a report pertaining to the “financial condition” of the EminiFX Receivership. The good news for victims of the Ponzi scheme is “the bulk of the EminiFX assets” have been recovered.
Mainet blacklisted in France for fraud, withdrawals disabled
France’s Autorite des Marches Financiers has added Mainet to its blacklist for securities fraud. The AMF has added two Mainet related website domains to its blacklist:
