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How Brazil cocked up Carlos Wanzeler’s TelexFree prison sentence

Despite efforts from the US, Brazil is doing its best to ensure TelexFree co-founder Carlos Wanzeler escapes punishment.

Global Premiers pyramid fraud warning from Russia

Global Premiers has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s June 19th warning, Global Premiers exhibits “signs of a financial pyramid”.

Two HyperFund promoters arrested in Nepal

Two HyperFund promoters have been arrested in Nepal. The Central Investigation Bureau made two arrests over the past week; Nanu Ghumire (aka Kajal) of Laitpur earlier in the week, and Srikant Bhandari of Rukum on Wednesday.

Details of the iX Global & Joe Martinez investigation in India

A May 1st report from India’s Directorate of Enforcement has provided insight into the ongoing fraud investigation into iX Global and CEO Joseph Martinez.

Juan Tacuri pleads guilty to Forcount criminal charge

Forcount scammer Juan Antonio Tacuri Fajardo has pled guilty to conspiracy to commit wire fraud. Following an initial not guilty plea, Tacuri changed his mind and pled guilty at a hearing held on June 5th.

Officer handling CBI Global Ponzi case develops sudden amnesia

The Namibian Police Officer pro$ecuting the CBI Global Ponzi ca$e appear$ to have come down with a $udden ca$e of amne$ia.

Mavie Global & Ultron securities fraud order from QC, CA

Mavie Global, Ultron and several promoters have received a cease and desist order from Quebec’s Autorite des Marches Financiers (AMF). Named respondents in AMF’s May 16th order are:

Details of Neil De Waal’s GSPartners fraud arrest

Following his arrest in late May and subsequent release on bail earlier this week, further details of Neil Leon De Waal’s criminal case have emerged. A June 6th report from Netwerk 24’s Jana van der Merwe provides insight from De Waal’s Monday bail hearing.

Samuel Smith settles fraud charges with FTC

Samuel James Smith has settled FTC Act and Telemarketing Sales Rule violations with the FTC. As per a May 28th filed consent judgment, Smith has agreed to a $7.5 million judgment. The FTC filed suit against Smith and accomplices Bob Shafer and Charles Garis back in January. Smith and Shafer ran Blueprint to Wealth, which [Continue reading…]

NYAG sues NovaTech FX, AWS Mining & the Petions

New York Attorney General Letitia James has sued NovaTech FX, AWS Mining and Eddie and Cynthia Petion for fraud. Through NovaTech FX and AWS Mining, the NYAG alleges the Petions “defrauded thousands of investors worldwide out of over a billion dollars”.