Björn Strehl, OneCoin founder Ruja Ignatova’s ex-husband, has been charged with money laundering.

German prosecutors from Darmstadt have completed their investigation into Strehl. Their findings have now been forwarded to Darmstadt’s Regional Court. [Continue reading…]

The ClickLancers Ponzi scheme has collapsed.

Following a switch to weekly withdrawals on May 1st, ClickLancers pulled its website sometime over the past 24 hours. [Continue reading…]

Bulgarian crimelords and their associates are targeting whistleblower journalists exposing links between OneCoin, Bulgarian organized crime and local authorities.

Instead of investigating OneCoin and the ongoing criminal activities surrounding the Ponzi scheme, Attorney General Ivan Geshev frames whistleblower reports as “an alleged plot to incriminate him and high-ranking magistrates and police officers”. [Continue reading…]

The HyperMood Ponzi scheme has collapsed.

Withdrawals were disabled on May 4th, after a “black hole” fairytale exit-scam news update. [Continue reading…]

The Receiver representing EmpiresX in Florida, has submitted a proposed settlement to the SEC.

The settlement is before the SEC’s Commissioners, who typically take 6 to 8 weeks to accept or reject. [Continue reading…]

The QZ Asset Management Ponzi scheme has collapsed.

Withdrawals were disabled on or around May 1st, under the ruse of an “SEC audit” exit-scam. [Continue reading…]

The LedgerBlock Ponzi scheme has collapsed.

Investors, primarily from Sri Lanka, are reporting withdrawals were disabled mid April.

Three weeks later they remain disabled, although LedgerBlock’s website remains up to lure new victims in. [Continue reading…]

Earlier today a reader sent in a tip suggesting Vortic United’s Jensen Robles was German national Rene Schwarze.

At first I wasn’t convinced. They looked similar but it was difficult to make a call.

I left it there but eventually curiosity got the better of me and I began pulling at threads.

As it stands I’m about 97% convinced Jensen Robles is Rene Schwarze. I also believe I’ve uncovered a Russian organized crime syndicate.

We’ll get into who Rene Schwarze is and the Russians in a bit. First off, here’s all the supporting evidence I was able to put together. [Continue reading…]

Adult toys themed Pure Romance has ditched its MLM business model.

Speaking with WWD in an April 28th published interview, CEO Chris Cicchinelli cited the “anti-MLM movement” as a contributing factor. [Continue reading…]

Batched investors are purportedly being funneled into Micah Theard’s CashFlow NFT Ponzi scheme.

Specific details are sketchy but, throughout April 2023, behind-the-scenes information suggests CashFlow NFT acquired Batched. [Continue reading…]