regulation @ BehindMLM

MyChargeback (aka “MyChargeback.com”), is part of a series of recovery scam websites tied to Cactil LLC. On or around June 25th the FBI, working with the DOJ, seized MyChargeBack’s website:

On July 22nd Jason Cardiff filed an ex parte motion requesting permission to travel to Ireland. According to Cardiff, his wife Eunjung recently “suffered a medical issue” in Slovakia. On July 20, 2024, Mr. Cardiff reported that his wife suffered a medical issue while she was in Slovakia. Mr. Cardiff reported that Mrs. Cardiff intends [Continue reading…]

Early on in their since dismissed case the SEC flagged concerns about Debt Box’s owners fleeing to Dubai. Now those concerns have been realized, along with what appears to be an attempted $400 million exit-scam.

The Capital Markets Tribunal has ruled NovaTech FX committed securities fraud in Ontario. Following analysis of evidence submitted by the Ontario Securities Commission (OSC), CMT published its findings on July 22nd, 2024.

Following years of delays, there is finally some movement on the SEC’s BitConnect promoter case.

The SAEG Receiver has accepted 211 victim claims totalling $57,715,542. Of the accepted claims, 160 were for the amount submitted. 51 claims have been accepted with a reduced claim amount totalling $13.2 million.

Jason Cardiff’s lawyers have filed a Motion to Withdraw six weeks out from trial. As detailed in their July 17th motion, Cardiff’s lawyers claim;

An iX Global promoter has been arrested in Wardha, a city in the Indian state of Maharashtra. Following an EOW Nagpur investigation, Preeti Nilesh Raut stands accused of stealing Rs. 25.9 million through iX Global (~$309,000 USD).

Australian BitConnect scammer John Bigatton has avoided prison. Following a guilty plea in May, Bigatton faced up to forty-seven years in prison. On July 15th, Bigatton was convicted but “released on a recognisance to be of good behaviour for three years.”

After stealing millions from consumers through cryptocurrency Ponzi schemes, and allegedly aware of federal investigations into him, HyperFund’s Rodney Burton believed he was above the law. As part of that process, Burton fell down a sovereign citizen rabbit hole. Upon his arrest at a Florida airport back in January, US authorities seized a “27-page packet [Continue reading…]