Nextgen crypto assets have been seized in Australia under suspicion of money laundering.

In a May 26th notice addressed to NextGen,  the Australian Transaction Reports and Analysis Center (AUSTRAC) states they [Continue reading…]

GSPartners has received a securities fraud warning from the Alberta Securities Commission.

The ASC added GSPartners to its “Investment Caution List” on May 19th, 2023. [Continue reading…]

Eaconomy has received a securities fraud warning from Quebec’s Autorite des Marches Financiers. [Continue reading…]

Margin Secure Lending fails to provide ownership or executive information on its website.

Margin Secure Lending’s website domain (“marginsl.com”), was privately registered on April 19th, 2023.

On its website, Margin Secure Lending claims to be

Asia based and deals with Global participants.

Margin Secure Lending’s official FaceBook group is adminned by “Hu Ming”, a recently created dummy account.

If we look at Margin Secure Lending’s presentation properties, we learn the  author is Panashe Alphonce Chigodora.

Chigodora is a “crypto enthusiast” from Africa.

According to his FaceBook profile, Chigodora is originally from Zimbabwe but lives in South Africa.

This tracks with the majority of Margin Secure Lending promoters appearing to be from 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…]

HyperNation has received a securities fraud warning from Quebec’s Autorite des Marches Financiers.

As per the AMF’s May 24th investor warning;

HyperNation is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.

This is the equivalent of a securities fraud warning in other jurisdictions. [Continue reading…]

BDSwiss has listed GSPartners’ shell company GSBDSwiss in a published abuse warning.

BDSwiss warns that GSBDSwiss is a “scam company … that you should avoid”. [Continue reading…]

Following the collapse of its original Ponzi scheme, SolaRoad is rebooting the scam as Laniakea. [Continue reading…]

Richard Maike’s conviction appeal has been dismissed.

The appeal was filed after a motion seeking an acquittal and new trial was denied last September. [Continue reading…]

When MLM companies committing fraud tout a debit card, it’s typically obtained through shell companies attached to dodgy merchants.

Both GSPartners’ and PLC Ultima offered debit cards through PMA Media Group, Aurae Lifestyle, Nvayo Limited, Club Swan and AU Card LLC – all owned by Christopher James Scanlon.

Scanlon was arrested by US authorities at Miami International Airport on Thursday, May 25th. [Continue reading…]

The Fintoch Ponzi scheme has collapsed.

Withdrawals were disabled shortly after ~$31.6 million was reportedly withdrawn from an associated smart-contract. [Continue reading…]