Investview CEO Joseph Cammarata has been arrested on recovery scam fraud charges. The SEC has also filed parallel civil proceedings against Cammarata and two co-conspirators.
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The FTC v. Success by Health trial is likely to be delayed. Jay Noland and his fellow defendants are not ready for trial. At time of publication the Success by Health defendants have not filed a notice indicating their readiness for a Final Pretrial Conference.
A DOJ filing in the SEC’s BitConnect case suggests promoters are facing criminal indictment.
SeedChange has been added to the SEC’s “PAUSE list”. PAUSE stands for “Public Alert: Unregistered Soliciting Entities”.
Antonije Stojiljkovic and Jaira David have pled guilty to charges related to Krisitijan Krstic’s Ponzi empire. Stojiljkovic’s plea agreement was filed on November 23rd. David’s on November 29th.
The FTC has been denied summary judgment on monetary remedies against Success by Health. Back in September, the FTC was granted liability summary judgment. This judgment ruled that, among other things, Success by Health violated the FTC’s Merchandise and Cooling-Off Rules
After tracking BitConnect defendant Craig Grant in Jamaica, the SEC managed to serve him on October 29th. Grant’s response to the SEC lawsuit is now a week overdue.
In what may wind up being a predictable judicial mistake, Frank Schneider has been released to home detention. Schneider will be subject to 24/7 monitoring and home confinement, pending a decision on extradition to the US on January 19th.
5 Billion Sales has received a pyramid scheme warning from Russia. As per the Central Bank of Russia’s November 19th warning, 5 Billion Sales exhibits “signs of a pyramid scheme”.
Ryan Mark Ginster has been arrested on charges relating to multiple MLM crypto Ponzi schemes.