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Cash FX Group securities fraud warning issued in UK

The UK’s Financial Conduct Authority has issued a securities fraud warning against Cash FX Group. The FCA is the UK’s equivalent of the SEC. MLM companies need to be registered with the FCA to offer securities across the UK legally.

Finnish court praises OneCoin tax cheat

A verdict in a OneCoin related tax fraud case in Finland raises serious judicial priority concerns.

BitClub Network creators arrested, DOJ alleges $722M Ponzi

The DOJ has gone after five individuals connected to BitClub Network. Matthew Brent Goettsche, 37, of Lafayette, Colorado, and Jobadiah Sinclair Weeks, 38, of Arvada, Colorado, are charged by indictment with conspiracy to commit wire fraud and Goettsche, Weeks, and Joseph Frank Abel, 49, of Camarillo, California, are charged by indictment with conspiracy to offer [Continue reading…]

Finnish OneCoin scammer’s tax fraud trial begins today

A OneCoin scammer in Finland who dodged their taxes is facing trial today. The unnamed man, along with four accomplices, was indicted on charges relating to tax fraud earlier this year.

8 Figure Dream Lifestyle trial scheduled for July 2020

Following a December 9th Scheduling Conference, the 8 Figures Dream Lifestyle trial has been tentatively set for July 14th, 2020.

CFTC’s Control Finance case highlights UK incorporation joke

In their attempt to bring the scammers behind Control Finance to justice, the CFTC is learning firsthand why UK incorporation records are a joke.

Charles Scoville lashes out at attorneys for court losses

Charles Scoville isn’t having a good time. Currently incarcerated in Juab County Jail, last month Scoville had his Supreme Court bid to legalize Ponzi schemes in the US denied. Now the lawyers representing him against the SEC want out.

Mark Scott considering OneCoin conviction acquittal motion

A letter filed with the court reveals Mark Scott’s legal team are pondering two post-conviction motions.

TelexFree funds used to purchase Florida apartments

Brazilian prosecutors allege Carlos Costa, co-founder of TelexFree Brazil, used investor funds to purchase ten apartments in Florida.

Valentus SlimRoast health warning issued in Singapore

Singapore’s Health Science Authority has issued a health warning pertaining to Valentus’ SlimRoast Optimum Dark Roast Coffee.