Eric Dalius settles Saivian Ponzi securities fraud with SEC
Eric J. Dalius has reached a settlement with the SEC over Saivian securities fraud.
The news follows the Saivian defendants reentering negotiations with the SEC back in June. [Continue reading…]
Elevate Pass Ponzi collapses again, Mark Verdellen cashes out
After recovering from losing its website a few months ago, Elevate Pass has collapsed again.
This time the reason is financial, with CFO Mark Verdellen cashing out and doing a runner. [Continue reading…]
2nd Tori Belle membership fee class-action filed in Washington
A second class-action has been filed against Tori Belle Cosmetics in the state of Washington.
Subject matter is much the same as the first state-level class-action, filed on August 2nd.
Class Plaintiff Leslie Shon Weathers claims she was improperly charged $9 a month for 25 months. [Continue reading…]
Polinur collapses, withdrawals disabled + China arrest exit-scam
Following disabling of withdrawals on August 19th, the Polinur Ponzi scheme has collapsed.
Rather than just admit they’re making off with invested funds, Polinur are telling affiliates the company “was arrested in China”. [Continue reading…]
BitClub Network scammers to be sentenced March 2023
BitClub Network Ponzi scammers Jobadiah Weeks, Silviu Balaci and Joe Abel are scheduled to be sentenced in March 2023.
The trio’s respective sentencing dates were rescheduled via an August 12th order: [Continue reading…]
Jojar Dhinsa lies about scamming people via CashFX Group
Jojar Dhinsa has publicly denied scamming people through the CashFX Group Ponzi scheme.
As shared by Harry Page from the FaceBook group, “CashFX (in association with EverFX) Scam – Now What!?”, Dhinsa appeared on NTV Unscripted on August 19th.
NTV markets itself as “the leading Bangladeshi TV channel”. It is broadcast locally across the UK and Europe.
Rather than be honest about promoting a Ponzi scheme for profit, Dhinsa denies he scammed anyone.
As far as being arrested for fraud or scamming people, as it says online, they’ve just made things up.
I wish I did scam people so at least there’s some evidence there.
Unfortunately for Dhinsa, it doesn’t take much to find the evidence he claims doesn’t exist. [Continue reading…]
Tori Belle Cosmetics sued over $9 a month membership fees
Two former affiliates have filed a proposed class-action against embattled MLM company Tori Belle Cosmetics.
At issue are $9 a month replicated website fees, which Plaintiffs claim Tori Belle charged even after affiliates left the company.
As alleged by Plaintiffs Theresa Johnson and Steven McKnight; [Continue reading…]
Traffic Monsoon Receiver confirms Imtiaz Aslam fled to Dubai
The Traffic Monsoon Receiver has confirmed Imtiaz Aslam has fled to Dubai.
The revelation was made in a motion to serve Aslam by alternative service, filed on July 19th. [Continue reading…]
Tori Belle Cosmetics’ corporate response to Ch. 11 bankruptcy
Something I didn’t cover in our article on Tori Belle Cosmetics’ recent Chapter 11 bankruptcy was a corporate response, and what the bankruptcy means for affiliates.
As of yet there’s nothing really in the case docket addressing this, granted the bankruptcy is still in its early stages.
Somewhat strangely though, if you go looking for a response outside of filed court documents, Tori Belle Cosmetics didn’t address the bankruptcy until Friday, August 19th.
That’s a whole nineteen days after bankruptcy proceedings were filed. [Continue reading…]
Tori Belle Cosmetics files for Chapter 11 bankruptcy
Tori Belle Cosmetics’ parent company LashLiner has filed for bankruptcy.
As per an August 8th Chapter 11 filing in the Western District of Washington, LashLiner had $5.2 million in liabilities at the end of FY 2021.
I hadn’t heard of LashLiner or Tori Belle Cosmetics till a reader reached out earlier today. [Continue reading…]
