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Despite the Australian Securities and Investment Commission (ASIC) issuing two fraud warnings, a group of die-hard investors continue to promote Auratus and Billionico. Today we take a look at how Australian investors are violating ASIC’s Auratus and Billionico fraud warnings.

OakSmart has received a securities fraud warning from New Zealand’s Financial Markets Authority. As per the FMA’s December 19th warning;

Two Malaysian scammers behind SingliWorld and TriumphFX have been jailed. On January 3rd, Leong Koon Wah and Ng Kuan Chuan were sentenced to ten years and six months and seven years and six months respectively.

Sentencing of three BitClub Network scammers have been continued to February 2025.

OneCoin money launderer William Morro has been sentenced to one year probation.

Ontario’s Capital Markets Tribunal has handed down a $2.5 million fine to NovaTech FX and Cynthia Petion.

Following the court’s rejection of a time served plea deal, Mohammed “Moe” Diab’s Allied Walled criminal case is headed to trial.

iComTech Ponzi promoter David Brend has been sentenced to ten years in prison. Brend’s sentence was handed down on December 2nd, following a guilty verdict in March 2024.

Leonardo Cositorto, who is currently on trial as founder of the Generation Zoe Ponzi, is proving to be quite the drama queen. Cositorto’s latest stunt sees him reported to have barricaded himself in his cell. With the court waiting on his appearance to continue the trial, the “President of the Court” ordered Cositorto forcibly removed.

The Profit Connect Receiver has received permission to make an interim distribution. On December 19th, 2024, the court approved pro rata distribution of $8 million in recovered funds to Profit Connect victims with a valid claim.