Following on from Oscar Garcia blaming Frank DiCrisi for Batched’s collapse, in a recent legal filing Garcia claims tens of millions of dollars has been was also laundered. [Continue reading…]

Following Daxio’s collapse, owner Frode Jorgensen has fled Thailand.

In a recent update sent out to his victims, Jorgensen also claims hired hitmen are after him. [Continue reading…]

Vista Network and owner operator Armen Temurian have been sued by the CFTC for commodities fraud.

The CFTC alleges, among other things, that Vista Network was a $7 million dollar plus Ponzi scheme. [Continue reading…]

Sixty QNet scammers have been arrested in Ghana.

Authorities claim the scammers continued to promote QNet, in violation of a July 2022 court order banning the pyramid scheme nationally. [Continue reading…]

Tiber River announced it was abandoning its MLM business model last month.

Tiber River distributors were still able to generate sales throughout January, with final commission checks going out this month.

On February 14th Tiber River told distributors it was screwing them out of their final commissions. [Continue reading…]

Gilbert Armenta’s OneCoin crimes called for a 100 year sentencing guideline.

In the lead up to his sentencing, Armenta’s lawyers asked for time served due to the conditions at MCC New York.

The DOJ asked for seven years, stating that “any sentence of less than five years’ imprisonment would not (be appropriate).”

Following a “lengthy sentencing proceeding” on February 16th, Gilbert Armenta has been sentenced to five years in prison. [Continue reading…]

Validus and its promoters have been ordered to cease all business operations in New Zealand.

The Financial Markets Authority’s interim stop order was issued on February 16th. [Continue reading…]

Scammers behind Cancri Jewelry are trying to reboot the collapsed Ponzi scheme.

Cancri Jewelry is an eastern European Ponzi scheme. The original Ponzi ruse was a jewelry storefront in Turkey. [Continue reading…]

The Energy Spas Ponzi scheme has collapsed.

Sometime in the last 24 hours Energy Spa’s website has been pulled offline. The scam’s social media profiles have also been deleted. [Continue reading…]

Valentus founder and CEO Dave Jordan has sold the company to Paul Pearson.

How much Pearson bought Valentus for has not been disclosed.

When exactly the sale took place is unclear but top distributors were informed at Valentus’ Sioux Falls headquarters earlier this month. [Continue reading…]