Richard Maike sentenced to 10 years in prison for I2G fraud
Infinity2Global Ponzi founder Richard Maike has been sentenced to 10 years in prison.
Maike will also pay a $100,000 monetary fine, with restitution to be determined next year. [Continue reading…]
Forcount founder and three promoters sued by SEC
Forcount founder Francisley Valdevino Da Silva (aka Francis Silva), has been sued by the SEC.
The SEC has also filed civil fraud charges against three US-based promoters. [Continue reading…]
Ryan Ginster pleads guilty to wire fraud, faces 20 yrs in prison
My Micro Profits founder Ryan Ginster has plead guilty to one count of wire fraud. [Continue reading…]
Forcount founder & top promoters indicted for wire fraud
Forcount Ponzi founder Francisley Valdevino Da Silva (aka Francis Silva), has been indicted in the US and arrested in Brazil.
Two top Forcount Ponzi promoters in the US have also been indicted. [Continue reading…]
Paparazzi toxic jewelry class-actions will not be consolidated
A Utah court has declined to consolidate five individually filed Paparazzi class-actions.
The court found that while “common factual questions” between the cases exist; [Continue reading…]
Disruptive Studio launches crypto Ponzi with Darren Olayan
Serial scammer Darren Olayan’s latest grift is a Ponzi scheme run through Disruptive Studio. [Continue reading…]
Dot Dot Smile blames COVID-19 pandemic for collapse
Dot Dot Smile has filed its Chapter 11 Plan.
The December 2nd filing provides insight into how and why Dot Dot Smile collapsed. [Continue reading…]
NewAge Beverages facility sold off under Chapter 11 plan
NewAge Beverages’ Colorado facility will be sold off under a proposed Chapter 11 Plan of Liquidation. [Continue reading…]
Matilda Jane Clothing shutting down
Matilda Jane Clothing is shutting down its MLM operations.
The announcement was made via an email sent out to affiliates yesterday. [Continue reading…]
USFIA Receiver details problems with distribution payments
The USFIA Receiver’s 26th Interim Report details several distribution payment problems. [Continue reading…]
