9 MarketPeak promoters arrested in Japan (Bitopex reboot)
Nine local promoters of the MarketPeak Ponzi scheme have been arrested in Japan.
An investigation by Osaka’s Police has revealed approximately 2515 MarketPeak victims, who together have lost ~$5.5 million. [Continue reading…]
Alliance in Motion Global fraud alert from Pakistan
An Alliance in Motion Global fraud alert has been issued by Pakistan’s Securities and Exchange Commission (SECP). [Continue reading…]
QZ Asset Management exit-scam complete, website offline
As of a few hours ago QZ Asset Management’s website was pulled offline.
The move marks the end of the Ponzi scheme’s “SEC audit” exit-scam. QZ Asset Management’s social media profiles have also been deleted. [Continue reading…]
MTI’s top net-winners summoned to pay back ~$242 million
Liquidators in South Africa have issued a summons against eighteen of Mirror Trading International’s top net-winners.
Together, the scammers are being held liable for R4.66 billion (~$244 million USD). [Continue reading…]
Beachbody class-action asserts Bodi Coaches are employees
A May 22nd filed class-action lawsuit alleges Beachbody has
exploited its California salesforce by misclassifying them as independent contractors rather than as employees.
Through her one hundred and thirty-seven page filed suit, Plaintiff Jessica Lyons seeks to hold Beachbody accountable under California law. [Continue reading…]
FTC seeking info from IM Mastery Academy’s Matthew Thayer
The FTC website entry for its IM Mastery Academy case has updated.
What we now know is the entry pertains to a petition to quash a civil investigative demand issued by the FTC. [Continue reading…]
NFT Rewards: Zeek Rewards’ Robert Craddock returns
Zeek Rewards’ Robert Craddock has reemerged as the owner, CEO and President of NFT Rewards.
NFT Rewards Team is an MLM crypto Ponzi combined with selling of virtual shares. Before we dive deeper into that though, it’s important to recap on who Robert Craddock is. [Continue reading…]
FTC investigating IM Mastery Academy for consumer protection
The FTC appears to have prematurely revealed it has launched a consumer protection enforcement action against IM Mastery Academy. [Continue reading…]
EminiFX Receiver recovers $173 mill out of $260 mill invested
The EminiFX Receiver has filed a report pertaining to the “financial condition” of the EminiFX Receivership.
The good news for victims of the Ponzi scheme is “the bulk of the EminiFX assets” have been recovered. [Continue reading…]
Mainet blacklisted in France for fraud, withdrawals disabled
France’s Autorite des Marches Financiers has added Mainet to its blacklist for securities fraud.
The AMF has added two Mainet related website domains to its blacklist: [Continue reading…]
