Joseph Tran arrested in Sweden (Nano Club, Ormeus, EmGoldex)
According to local news reports, serial-scammer Joseph Tran has been arrested by Swedish authorities.
Tran’s arrest is believed to be in connection with his promotion and participation in a number of fraudulent MLM companies.
As far back as 2014, Tran was promoting the EmGoldex Ponzi scheme across Europe.
Like many MLM scammers, over the past few years Tran seamlessly transitioned into cryptocurrency fraud.
This began in 2015 with the launch of Crypto 888 Club.
Crypto 888 Club was a Ponzi points scam built around OctaCoin.
Over the next year Crypto 888 Club collapsed and was rebooted three times.
Crypto 888 Club was briefly known as Octa Partners. The third reboot then saw the scam renamed again to Nano Club.
Nano Club was more of the same but this time with “NanoCoins”.
Under this new guise, Nano Club managed to string investors along for another two years.
In November 2017 Nano Club collapsed and was rebooted as Nano Crowd.
Nano Crowd was short-lived – but that didn’t stop the scammers behind it.
In early 2018 what was left of the Nano Crowd train-wreck was imported into Ormeus Global.
Worthless NanoCoins were converted into the Ormeus Coins, and yet another variation of the 2015 Crypto 888 Club scam played out.
Launched in 2017, to date Ormeus Global has itself collapsed three times.
After “IQ Chain collapsed, the company was renamed IQ Legacy and rebooted for a third time in December, 2018.
After a brief recruitment spite in Nigeria, Alexa website traffic estimates show interest in IQ Legacy declined sharply from mid January 2019.
While all this nonsense was going on, Swedish authorities opened an investigation into Nano Club back in 2016.
Swedish authorities have identified Tran as a “principal” of Nano Club. He was arrested in relation to “several cases of serious crime”.
The suspicions relate to nutritional money laundering and five cases of gross accounting breaches.
According to a report by Västerbottens-Kuriren, Tran was arrested on January 25th and is being held at a detention center in Huddinge.
According to the arrest warrant, the crimes that he, on probable grounds, is suspected of, have been committed from 2014 onward.
That he is suspected of “probable reasons” means that there is a higher degree of suspicion of crime against him.
Prosecutors have until March 5th to formally file charges against Tran.
For his part, Tran is shamelessly denying any wrongdoing.
The 47-year-old denies the crimes, and has opposed to being detained and having restrictions on the detention.
Tran’s application for release was denied by a District Court on the grounds he posed a flight risk.
Nice article and great summery!
Great news ! They should do this with all top players and scammers in these coins, gold or forex scams.
Sebastian Greenwood of Onecoin, now this guy, keep the ball rolling and go after the other big names such as crazy Igor, the 3 brothers, the Udo’s and Kari’s.
Plenty big fish to catch in the scam pond.
NANO real owner Stijn Vanstraelen, right hands are: Pieter Van Devijver, Kris Lemmens, Kristof De Vlieger, Tim Vermeiren, François Colin, Patrick Vermeesch, Hendrik Hendrickx, NANO CEO George Van Wijk, the NANO Lawyer Petter Forsberg:
they ran away with 1,2 billion Euro – never delivered a real product, typical serial ponzi scammers, but Karma is on it’s way – a huge group is gathering info and filing all details and evidence to private investigators and local governments.
these scams will have the same destination as mr Joseph Tran!
All will be published on a blog, offices and home addresses and cars what they all bought with the stolen funds!
@heinrich you also forget many names like Jurgen Vande Capelle,big promoter in Belgium.
@nanoshit
Is Jurgen Vande Capelle the same guy that is now promoting i-MarketsLive allover ?
Where is the legislation action on that company. To me no product as 95% of all promoters make their money on starter packs and monthly activity subscription fees. The famous PIPs they are talking about are to most promoters crumbles.
When there is no real product to the non distributor world it seems to me that this one is the next major ponzi scam as the majority of users are distributors.
Tran Convicted, (3 more people are still under investigation). 1y and 9months in prison for accepting/handling “dirty money” to the sum of 1,7m dollars, ile se if im able to get more info (news article behind paywall).
Thanks, that’d be appreciated.
From what I can see, the court ruling says that Tran ran a business, and hence would be bound to keep account of the money, report to the tax authority and pay taxes.
ran failed to do all, and was convicted for gross accounting violation. He was also sentenced a 3-year trading prohibition.
He was acquitted from the charge of gross money laundering.
Everyone seems to have forgotten about this scam that took as well in more than a Billion in investments from people.
One guy arrested?! All the rest ran off doing other scams such as Skyway, Questra, GTI-net, Vitae, Dagcoin etc.
Crazy how these days the biggest scammers seem to get away from justice with the money they stole. It makes you actually think how the governments and justice departments operate.
What’s the latest on this? Can we add to the case?
Joseph and Co’s lied about many things and have a lot of proof of bullsh!t promises and the history going back to Octapartner days. Scam after scam after scam!
His partner is Anna H is still on the loose doing the same thing i believe and many of the scammers are part of the new Wantage One company just changed from IQ Chain sh!t promises and Ponzi!!
Promised GreenX coin. Broken promises, many all linked to the Ormeus group now through Wantage ONE which was Nanoblub, iqchain, iqlegacy, iq5050 now.
Coins have been transferred from one company to another for 5 years now with no return to any investors. So the more damage we can do to these people the better.
They think they can take peoples money and suffer no consequences. Hopefully he gets what he deserves in prison… coz If they don’t take him and break him in… I’ll probably break his face!! As he owes me 35k!
I kept pictures, details and conversations of everything.
Think it’s done IIRC. Prison time so the case is over as far as Tran is concerned.
Next persons police have been investeringar is Magnus L!nqvist Umeå.
I am in a place where I can’t believe I put all my pension and was ill advised /convince in 2016 it will yield many folds in 2 to 3 years then was sold to ormeus.
after that I can’t log in to the account, after having no investment when I retire I thought was a good idea.
My husband advised me not to do it, but I thought I knew better then. I am so lucky he never bring it up after we found out I can’t trace my money. He say I am beating myself up for it enough, it won’t bring the more back.
I just wondered how people like these sleep at night knowing that they cause so much stress and grief from taking from people with very little already. Hope he knows one day what he had done.
i regret doing a course called the landmark forum, I would have never met the guy who introduced me to Nano, also the course about living well and integrity hope these people find peace and happiness within something cannot be bought with money, will only buy them comfort. even in jail.
The account in my husband name probably to make it more complicated to trace it, but me doing the transaction.
I probably was had from the beginning and didn’t know it, who dares win, I dare and loss.