FVP Trade has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

As per ASIC’s November 8th warning, FVP Trade [Continue reading…]

Daisy Global has received a securities fraud warning from the British Columbia Securities Commission (BCSC).

BCSC cites Daisy Global as [Continue reading…]

Liyeplimal has received a securities fraud warning from the Ontario Securities Commission (OSC).

The OSC issued five Liyeplimal fraud warnings on November 27th, pertaining to Liyeplimal, Global Investment Trading, Simtrex Commercial Brokers, SimbCoin and LimoCoin. [Continue reading…]

The British Columbia Securities Commission (BCSC) has extended its GSPartners ban for “up to one year”.

The ban also specifically applies to GSPartners promoters Haidy Nitsa Nakos (Vancouver), Tanya Sue Cloete and James Bruce Gardiner (Maple Ridge). [Continue reading…]

Vortic United was a Boris CEO Ponzi scheme that collapsed back in August.

Believed to be run by Russian organized crime interests in Turkey, Vortic United was fronted by Rene Schwartz.

On the run from authorities in Gambia, Schwartz played fictional Vortic United CEO Jensen Robles.

Today there’s no mention of Jensen Robles on Vortic United’s website. Offsite, everything except Vortic United’s Telegram group has been deleted. [Continue reading…]

The scammers behind ITP Corp are trying to milk even more money out of investors, following the Ponzi scheme’s collapse last week.

In a November 29th update targeting the scam’s dumbest investors, ITP Corp continues to push a fictional “blockchain fluctuations” narrative. [Continue reading…]

Redwood Scientific Technologies owner Jason Edward Thomas Cardiff has been arrested.

Cardiff’s arrest was on November 26th, following his indictment under seal in March 2022 (not a typo).

After his arrest, Cardiff’s indictment was unsealed on November 27th.

In relation to the Redwood Scientific Technologies civil fraud case the FTC filed in 2018, Cardiff has been charged with public corruption, aggravated ID theft and mail and wire fraud. [Continue reading…]

The One Cent fails to provide ownership or executive information on its website.

The One Cent’s website domain (“theonecent.com”), was privately registered on September 19th, 2023.

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…]

Yunus Loop Defi fails to provide ownership or executive information on its website.

Yunus Loop Defi’s website domain (“yunusloopdefi.com”), was privately registered in November 2022.

Interestingly a December 2022 Wayback Machine snapshot of Yuni Loop Defi’s (non-functional) website, reveals the language was set to Chinese.

Yunus Loop Defi’s functional website went live in or around April 2023, signalling the company’s launch.

For October 2023, SimilarWeb tracked top sources of traffic to Yunus Loop Defi’s website as Indonesia (19%), Russia (6%), Guatemala (6%), Thailand (6%) and Brazil (5%).

This tracks with Yunis Loop Defi claiming it targets the “marginalized poor in underdeveloped regions of the world.”

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…]

Bossa App fails to provide ownership or executive information on its website.

Bossa App has two known website domains:

1. bossaapp.com – privately registered on March 24th, 2023
2. bossaapp.de (abandoned) – registered on June 15th, 2023

For October 2023, SimilarWeb ranked top sources of traffic to Bossa App’s website as Germany (38%), Poland (23%) and Switzerland (15%).

Bossa App targeting Germany hasn’t gone unnoticed by German authorities.

Back in September BaFin announced it was investigating Bossa App for securities fraud. The warning was updated on November 15th to include BossTech and Bossa Technology.

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…]