regulation @ BehindMLM

Plus Token Ponzi collapses, Chinese media report $2.9 billion in losses

Following complaints of withdrawal delays beginning June 27th, Chinese media are reporting the Plus Token Ponzi scheme has officially collapsed.

Konstantin Ignatov denied release, will stay locked up till OneCoin trial

Despite a last-minute letter desperately attempting to diminish his role within OneCoin, Konstantin Ignatov has been denied pre-trial release.

Hearing transcript confirms OneCoin’s ties to European organized crime

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…]

DOJ wants to keep Ignatov behind bars pending OneCoin trial

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.

8 Figure Dream Lifestyle sued by FTC for telemarketing fraud

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.

Charles Scoville files Traffic Monsoon SCOTUS petition

Leaving it till the eleventh hour, Charles Scoville has filed his Traffic Monsoon petition for a writ of certiorari with the Supreme Court.

Jason and Eunjung Cardiff facing incarceration over contempt

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.

Konstantin Ignatov’s detention hearing likely delayed till Friday

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”.

Infinity2Global criminal trial delayed till at least Feb 17th, 2020

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.

Entry of default sought against Traffic Monsoon scammer David Barker

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.