Following complaints of withdrawal delays beginning June 27th, Chinese media are reporting the Plus Token Ponzi scheme has officially collapsed.
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Despite a last-minute letter desperately attempting to diminish his role within OneCoin, Konstantin Ignatov has been denied pre-trial release.
Rumors of OneCoin’s ties to organized crime have persisted ever since authorities around the world began cracking down on the scheme. No alternative explanation has surfaced as to why to date Bulgarian authorities have failed to shut OneCoin down. Or how the company’s executives and top promoters were able to travel the world with impunity. [Continue reading…]
Konstantin Ignatov’s hopes of a smooth pre-trial release have been dashed, following a damning opposition filing. According to the DOJ, there are no bail conditions that would assure Ignatov won’t flee the US.
The FTC has sued 8 Figure Dream Lifestyle and its Online Entrepreneur Academy spinoff. The regulator alleges both companies and their owners commited telemarketing and consumer fraud.
Leaving it till the eleventh hour, Charles Scoville has filed his Traffic Monsoon petition for a writ of certiorari with the Supreme Court.
Redwood Scientific Technologies defendants Jason and Eunjung Cardiff, along with third-party Jacques Poujade, have been ordered to appear before court on July 30th. At the hearing they’ll be required to explain continued failure to comply with a previously granted restraining order – failing which they face potential incarceration.
According to a letter to the Judge filed by Konstantin Ignatov’s attorney, a detention hearing was scheduled for June 25th. Ignatov’s attorney has requested an adjournment, allowing for time to review “the government’s submission with the defendant”.
Owing to Richard Maike’s ongoing attorney retention issues, the Infinity2Global criminal trial has been delayed again. As per a June 19th order, the trial is to be rescheduled no earlier than February 17th, 2020.
The Traffic Monsoon Receiver isn’t playing around. A week out from David Barker’s deadline to respond to the clawback lawsuit filed against him, the Receiver has filed for an Entry of Default.