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The CFTC has initiated Hague Convention service on EmpiresX scammers Emerson Pires and Flavio Goncalves. Pires and Goncalves co-founded the EmpiresX Ponzi scheme.

On July 27th the FTC moved for a three-week continuance of their scheduled trial against Neora. The court denied the motion on August 5th, meaning unless a settlement is reached, the parties are on track for a courtroom showdown.

Forsage scammers Samuel D. Ellis and Sarah Theissen have settled fraud allegations made against them. The allegations were made in a lawsuit filed by the SEC, alleging Forsage was a $300 million Ponzi scheme.

NovaTech FX has received a securities fraud warning from the Central Bank of Russia.

Back in late March we learned several IM Mastery affiliates had been arrested in Spain. At the time names of suspects were not released. At the time “Awaken Dreamers” was the top Spanish IM Mastery Academy downline. A follow up report from El Pais confirms Awaken Dreamers leaders were among those arrested.

FVP Trade has received a securities fraud warning from Quebec, Canada. As per the Autorite des Marches Financiers’ warning;

Meta Force has received a fraud warning from the Central Bank of Russia.

David Wayne Mayer is co-founder of Silver Star Live. The CFTC sued Mayer, who also goes by the pseudonym “Quicksilver”, for forex fraud in 2020. On July 27th 2021, the CFTC was granted a $5 million default judgment against Mayer. The judgment also saw Mayer (right), subject to a permanent injunction that prohibits him from [Continue reading…]

Joshua Nicholas’ EmpiresX criminal trial is currently scheduled for August 15th. That’s not a typo, the trial is ten days away. Whether it actually goes ahead though is now up in the air, following an August 2nd motion to continue.

Following an August 3rd Status Conference, a March 2023 EminiFX criminal trial date has been set.