Traffic Monsoon victims to receive ~77.8% of claimed amounts
Following an order to file a Status Report regarding victim distribution by February 16th, the Traffic Monsoon Receiver has done so.
Today we’re covering two filings, a February 13th Motion for Approval of Proposed Plan of Distribution, and the February 16th filed Status Report. [Continue reading…]
HyperTech Ponzi securities fraud warning from AB, CA
HyperTech and associated Ponzi schemes have received a securities fraud warning from Alberta, Canada.
The Alberta Securities Commission added HyperTech, HyperFund, HyperNation and Hyperverse to its Investment Caution List on February 7th. [Continue reading…]
Steve Gresham threatens legal action after SHG payments disaster
Following the delayed commissions and then the disabling of Savings Highway Global’s website for almost a month, owner Steve Gresham is now threatening affiliates who talk about it with legal action. [Continue reading…]
Argentine authorities announce Generation Zoe criminal trial
Following almost two years of investigation, the Public Prosecutor’s Office in Villa Maria has announced a Generation Zoe criminal trial.
The trial was announced on Wednesday the 14th, following charges against Generation Zoe founder Leonardo Cositorto and twenty-five additional defendants. [Continue reading…]
AladdinBot collapses, website down + no withdrawals
Mark Davis’ AladdinBot Ponzi scheme has collapsed.
Davis is hiding from investors, withdrawals were disabled a few weeks ago and, at time of publication, AladdinBot’s website is no longer accessible. [Continue reading…]
Jhony Depresseux’s secret GTI Ponzi schemes
When we last checked in on serial Ponzi scammer Jhony Depresseux a few years ago, things weren’t going so well.
A reader advises Depresseux is still scamming victims, but these days he’s mostly doing it “in secret”. [Continue reading…]
SEC confirms federal fraud investigation into NovaTech FX
The SEC has confirmed a federal investigation into the NovaTech FX Ponzi scheme.
Following non-compliance of investigative subpoenas served on Dap Dunbar and Corrie Sampson, the SEC obtained a court order enforcing compliance. [Continue reading…]
GSPro terminates Canadian GSPartners investor accounts
GSPro has blocked Canadian investors from accessing its fraudulent “metacertificates” investment scheme. [Continue reading…]
Tower Staking Review: AI ruse MLM crypto Ponzi
Tower Staking fails to provide ownership or executive information on its website.
Tower Staking’s website domain (“towerstaking.com”), was privately registered on July 18th, 2023.
In an attempt to appear legitimate, Tower Staking provides a corporate address in Iceland on its website. The address is used by multiple virtual address service providers.
It is unlikely Tower Staking has any actual physical ties to Iceland.
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…]
FC Sports Football Review: Football “click a button” app Ponzi
FC Sports Football fails to provide ownership or executive information on its website.
FC Sports Football’s website domain (“fcsportsfootball.com”), was registered with bogus details on January 15th, 2024.
Of note is FC Sports Football’s domain being registered through a Chinese registrar. This suggests ties to China.
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…]
