Vortic United collapses, “upgrading servers” exit-scam
Vortic United has collapsed.
Following disabling of withdrawals last week, it wasn’t until August 15th the Ponzi scheme rolled out its exit-scam.
It’s the good old “we’re upgrading our servers!” ruse. [Continue reading…]
MTFE Ponzi collapses, withdrawals rejected
Metaverse Foreign Exchange (MTFE) is a Dubai-based Ponzi scheme that launched in 2022.
MTFE originally operated from the domain (“mtfe.ca”). Following a regulatory fraud warning from the Ontario Securties Commission in early July however, MTFE abandoned it’s original domain for “mtfe.io”.
MTFE’s .IO domain was registered on July 25th. Now, following delayed withdrawals, MTFE investors report MTFE withdrawals are being rejected. [Continue reading…]
Finvault Review: 3% to 5% a week BUSD Ponzi
Finvault fails to provide ownership or executive information on its website.
Finvault’s website domain (“finvault.online”), was privately registered with bogus details on May 24th, 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…]
WishM collapses, initiates “U.S. Dept of Commerce” exit-scam
The WishM “click a button” app Ponzi has collapsed.
Withdrawals were disabled yesterday and investors are being threatened with fictitious action from the US Department of Commerce. [Continue reading…]
Alligator Core Review: AI bot grift Ponzi scheme
Alligator Core fails to provide ownership or executive information on its website.
Alligator Core’s website domain (“alligatorcore.ai”), was registered on June 8th, 2023.
Alligator Core is the registered owner, through what appears to be a random address in Poland.
Over on YouTube Alligator Core has two videos on its channel. Both feature dubbed over stock footage, which is typical for non-native English speakers.
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…]
Fourth E-Creator “click a button” Ponzi admin arrested
A fourth suspect behind the E-Creator “click a button” Ponzi scheme has been arrested.
After E-Creator collapsed, Abraham Mutambu fled to his rural home in Chihota, a region in Zimbabwe’s east.
Zimbabwe authorities made the arrest last week, presenting Mutambu in court on Saturday. [Continue reading…]
Fundsz still fudging Ponzi returns, Larralde motion update
In violation of a court-ordered Statutory Restraining Order (SRO), Fundsz admins continue to provide investors with fake trading results.
The CFTC has also responded to an emergency motion filed by Rene Larralde, seeking dissolvement of the granted SRO. [Continue reading…]
Mike Glaspie’s SEC judgment hinges on criminal sentencing
The outcome of Michael Glaspie’s SEC civil fraud lawsuit hinges on sentencing in parallel criminal proceedings.
Glaspie was sued by the SEC back in January as a promoter of the Mike G Deal (aka CoinDeal).
Following a lack of updates from the SEC, the court ordered the regulator to “show cause” by August 4th. [Continue reading…]
Bennett v. Isagenix enters mediation, injunction appeal
Following an August 7th filed stipulation, Jay Bennett and Isagenix have agreed to enter mediation.
Isagenix has also filed an appeal against a previously granted preliminary injunction. [Continue reading…]
Success Factory collapses, co-CEOs plan MKX reboot
What is left of the Success Factory pyramid scheme has collapsed.
Over the past week co-CEOs Roald Mailly and Jason Tyne have both announced their bailing on the company. [Continue reading…]
