Myanmar claims it’s deported over 50,000 Chinese scammers
Myanmar claims it has deported over 50,000 Chinese scammers tied to scam factories since October 2023. As reported by the South China Morning Post in a January 21st paywalled article;
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Holton Buggs & Robert Collazo consent to Traders Domain injunctions
The Traders Domain defendants Holton Buggs and Robert Collazo have consented to preliminary injunctions.
Danny de Hek’s “Crypto Ponzi Scheme Avenger” YouTube channel terminated
Danny de Hek’s “The Crypto Ponzi Scheme Avenger” YouTube channel has been terminated. In a January 21st press-release published on de Hek’s website, he confirms the termination was due to policy violations.
GSPartners victim claim process to begin February 21st
A new notice posted on GSB’s GSPro and Lydian World websites went live on January 21st. As per the notice, the GSB victim claims process will begin on February 21st. The claims process, through which GSPartners victims will be able to claim funds lost to any GSB investment scheme, will run until May 22nd. This [Continue reading…]
Sri Lanka issues QNet & MTFE pyramid scheme warning
The Central Bank of Sri Lanka has expanded its national list of prohibited pyramid. The updated January 20th, 2025 list now includes Qnet, MTFE and Ledger Block and Ride to Three Freedom.
Trey & Emily Knight plead guilty to bankruptcy fraud
Navan Global founder Trey Knight, aka Haskell Knight, and wife Emily Knight, aka Emily Deborah Fryer, are set to plead guilty to bankruptcy fraud.
Seven SAEG Ponzi net-winners settle with Receiver
Seven SAEG Ponzi net-winners have settled with the court-appointed Receiver. As disclosed in the Receiver’s Sixth Report, filed on January 9th;
Two more Oris Teams arrests in Pune, Maharashtra
Two Oris Teams scammers have been arrested in Pune. As reported by Punekar News on January 12th, the arrests were made following a complaint by a “highly educated youth”.
Investview settles Apex fraud with SEC for $375K
Investview has settled Apex fraud allegations with the SEC for $375,000. The civil monetary penalty represents just 1.7% of the $21 million the SEC alleges Apex took in. As alleged by the SEC, Investview offered unregistered securities through Apex.
FTC seeks comment on MLM deceptive earnings claims
The FTC is seeking public comment on proposed changes to the Business Opportunity Rule, as well as a newly proposed Earnings Claim Rule. While deceptive income claims are already illegal as per the FTC Act, the FTC states the proposed changes would allow the FTC to seek strong relief – including money back for consumers [Continue reading…]
