USI-Tech’s Horst Jicha on FBI’s most wanted list
USI-Tech co-founder Horst Costa Jicha has been added to the FBI’s most wanted list.
Forcount’s Antonia Hernandez sentenced to 30 months
Forcount Ponzi scammer Antonia Perez Hernandez has been sentenced to 30 months in prison. [Continue reading…]
Eaconomy alleged fraud lawsuits voluntarily dismissed
In what most certainly appears to be a reached settlement, two Eaconomy lawsuits alleging fraud have been voluntarily dismissed. [Continue reading…]
Alex Santi ordered to cooperate with Traders Domain Receiver
Following contempt proceedings initiated against him, Alejandro Santiestaban, aka Alex Santi, has been ordered to cooperate with the Traders Domain Receiver.
Santi will also foot half the Receiver’s legal costs in getting him to follow the court’s orders. [Continue reading…]
Craig Grant lists BitConnect villa on AirBNB
Craig Grant has listed his BitConnect villa on AirBNB.
As per the listing above, which is live, Grant’s BitConnect villa is located in Spring Garden, Jamaica. [Continue reading…]
Brent Kovar indicted on Profit Connect fraud charges
A Grand Jury has indicted Profit Connect founder Brent Carson Kovar.
Kovar, a Nevada resident, was indicted on February 12th and arrested on February 13th. [Continue reading…]
Ovidiu Toma’s CryptoData offices raided in Romania
Romanian authorities have raided the offices of CryptoData, a crypto development firm co-founded by Ovidiu Toma and Bogdan Mărunțiș.
Toma is a serial fraudster tied to multiple MLM crypto Ponzi schemes. [Continue reading…]
Juan Caminero settles Profit Connect fraud for $10,500
Juan Caminero, aka John Caminero, has settled Profit Connect fraud with the Profit Connect Receiver.
As per a January 22nd filed proposed settlement, Caminero will pay back $10,500. [Continue reading…]
Leonardo Cositorto cops 12 year prison sentence in Goya case
Generation Zoe founder Leonardo Cositorto has been sentenced to 12 years in prison.
A Goya court handed down Cositorto’s sentence earlier today, following a guilty verdict last Thursday. [Continue reading…]
City 2000 Review: Stolen identity “click a button” Ponzi
City 2000 fails to provide ownership or executive information on its website.
City 2000’s website domain (“app.city2000.cc”), was registered with bogus details on August 12th, 2024.
Of note is City 2000’s website domain being registered through the Chinese registrar Alibaba (Singapore).
City 2000 has already attracted the attention of financial regulators. The Central Bank of Russia issued a City 2000 pyramid fraud warning on February 21st, 2025.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]
