Fintoch has received a securities fraud warning from Malaysia.

On June 8th, the Malaysia Securities Commission added Fintoch to its Investor Alert List. [Continue reading…]

The Bank of Namibia successfully overturned a court decision, requiring it to fund Coenraad Botha’s collapsed CBI Global Ponzi scheme.

I know that’s an utterly ridiculous sentence but uh… welcome to Ponzi regulation in Namibia. [Continue reading…]

Blackfort Wallet has received a securities fraud warning from Germany.

As per BaFin’s June 29th warning, Blackfort Wallet is offering unregistered securities. [Continue reading…]

CryptoProgram has received a fraud desist and refrain order from California’s Department of Financial Protection and Innovation.

The DFPI claims “Master Affiliate” Edward Anthony Zimbardi is running a Ponzi scheme. [Continue reading…]

Banker Quotes fails to provide ownership or executive information on its website.

Banker Quotes’ website domain (“bnkquotes.com”), was  privately registered on January 18th, 2023.

In an attempt to appear legitimate, Banker Quotes provides incorporation details for BQ Technologies LTD on its website.

BQ Technologies LTD is purportedly registered in the Marshall Islands.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

Even more so when said shell companies are incorporated in dodgy offshore tax-havens.

As opposed to the Marshall Islands, if we take a look at Banker Quotes’ official FaceBook page we can see it is being run from Colombia.

This strongly suggests whoever is running Banker Quotes is based out of and/or has ties to Colombia.

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…]

AffluentFX Network fails to provide ownership or executive information on its website.

AffluentFX Network’s website domain (“affluentfx.network”), was privately registered on March 15th, 2023.

On April 6th, a few weeks after AffluentFX Network’s website domain was registered, a marketing video was uploaded to a YouTube channel bearing the name “Affluent FX”:

I don’t have a name to go with the face but the individual hosting the webinar as “AffluentFX” has an African accent.

When demoing how to sign up, AffluentFX Network’s website defaults to South Africa.

This strongly suggests whoever is running AffluentFX Network is based out of Africa.

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…]

CloudFi appears to have had its website domain seized.

Roughly 24 hours ago, CloudFi’s original website domain was disabled through a DNS error: [Continue reading…]

Disbarred OneCoin lawyer Per Danielsen has lost his case against the Norwegian government.

In handing down its June 23rd decision, the Oslo District Court found Danielsen had “persistently deviated from acceptable lawyer behavior”. [Continue reading…]

Seven QNet promoters have been arrested in Togo’s capital city Lome.

As per a June 28th press-release from Togo’s National Police; [Continue reading…]

Bank of America has prevailed in a filed motion for summary judgment against the TelexFree class-action Plaintiffs. [Continue reading…]