Lusate Ponzi collapses, website pulled offiline
The Lusate Ponzi scheme has collapsed.
On June 16th Lusate’s website was reverted to a diagnostic page, indicating the entire site and backend had been deleted: [Continue reading…]
Daxio’s fourth Ponzi reboot has already collapsed
Less than a month after telling Daxio victims to “get the fuck out”, new CEO Robert Malkvist is already feuding with founder Frode Jorgensen.
Communications between the pair have broken down to the extent Malkvist is now publicly shaming and threatening Jorgenson on social media. [Continue reading…]
Jay Bennett sues Isagenix over “The False MLM Promise”
Top-earner Jay Bennett has sued Isagenix over what he refers to as “The False MLM Promise”. [Continue reading…]
CFO allegedly confirmed Family First Life is a Ponzi scheme
Family First Life’s (former?) CFO, circa 2022, is alleged to have referred to the company’s compensation plan as a “Ponzi scheme”. [Continue reading…]
FBI bumps Ruja Ignatova’s arrest bounty to $250,000
Ruja Ignatova’s arrest bounty has been bumped to $250,000.
When Ignatova was added to the FBI’s Ten Most Wanted Fugitives list in July 2022, the original bounty was $100,000.
Given OneCoin was a $4 billion Ponzi scheme, this seemed a little on the light side. $250,000 isn’t comparatively significant but is nonetheless more than the original bounty offered. [Continue reading…]
Fintoch exit-scam complete, website offline
Fintoch appears to have wrapped up its exit-scam by disabling its website.
At time of publication attempts to visit Fintoch’s website return an “ERR_NAME_NOT_RESOLVED” DNS error.
This doesn’t appear to be a temporary error as I noted Fintoch’s website has been manually removed from Google’s search results.
Typically a previously accessible website can linger for up to a week in search results. [Continue reading…]
Jan Gregory issues death threat against BehindMLM’s Oz
Jan Gregory’s Ponzi empire is falling apart.
In what appears to be retaliation against ongoing investigative reporting into fraud, Gregory has issued a death threat against Oz, editor and author of BehindMLM. [Continue reading…]
S-Group collapses, withdrawals disabled on June 10th
The S-Group Ponzi scheme has collapsed.
On June 10th S-Group investors were informed of “maintenance work” on S-Wallet. Since then there’s only been one vague update. [Continue reading…]
Emerson Pires & Flavio Goncalves cop $45.8M SEC judgment
Emerson Pires and Flavio Goncalves, co-founders of the EmpiresX Ponzi scheme, have copped a $45.8 million judgment in their SEC fraud case. [Continue reading…]
Leonard Johnson avoids prison for USFIA Gemcoin fraud
One of the executive ringleaders behind USFIA’s GemCoin Ponzi scheme has avoided prison.
Leonard Stacy Johnson pled guilty to two counts of fraud in July 2019.
On June 5th, Johnson was sentenced to two years probation and $45,871 in restitution. [Continue reading…]
