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Three OneCoin affiliates in Finland facing criminal prosecution

Years of Ponzi scamming through OneCoin is catching up with scammers. Following news of €400,000 in tax fraud in Romania, now OneCoin affiliates are being arrested in Finland for the same crime.

Devide Ponzi rages against Swedish media after investigation news

Rolling coverage of Devide by the Swedish publication Sydsvenskan has enraged the company, prompting a protest and complaint with the Press Ombudsman.

SEC moves to drop securities fraud claims against Faith Sloan

In a March 27th filing, the SEC has moved to voluntarily dismiss two claims of securities fraud against TelexFree defendant Faith Sloan.

Payza settles $13.1 mill Zeek clawback with consent judgment

Payza, one of the three parties the Zeek Receiver is pursuing over a $13.1 million clawback, has agreed to a consent judgment for the full amount owed.

Konstantin transferred to New York, who is “sealed defendant 1”?

Following detainment after his arrest in California, OneCoin’s Konstantin Ignatov has been transferred to New York.

Farm Bank indicted scammers facing 75,000 years in prison

Following on from the collapse of Farm Bank in 2018 and subsequent investigation, authorities have indicted multiple suspects in the case.

Traffic Monsoon claims tied to SCOTUS writ, clawbacks authorized

A case docket remark has tied approval of the claims process to Scoville’s intention to file a writ of certiorari with the Supreme Court.

FutureNet scam warning issued in Poland, prosecutors investigating

Poland’s Office of Competition and Consumer Protection (UOKiK), has issued a pyramid scheme warning for FutureNet and associated companies.

DFRF defendants ghost their attorneys, try to shirk SEC lawsuit

At a scheduling conference held on January 31st, the attorneys of DFRF Enterprises defendants Wanderley Dalman, Gaspar C. Jesus and Eduardo N. Da Silva, informed the court they ‘could not locate or communicate with their clients‘. All three defendants have filed outstanding motions to dismiss, which the court gave until February 28th to either withdraw [Continue reading…]

€400,000 EUR OneCoin tax fraud recovery sought in Romania

OneCoin affiliates in Romania have attracted the attention of authorities, who are looking to recover €400,000 in unpaid taxes.