EvoRich’s Khovratov still in prison, criminal case pending
A year after his arrest in Russia, Andrey Khovratov remains in detention behind bars.
In an attempt to secure release, Khovratov filed an appeal against his detention on March 24th.
The court denied the appeal on April 17th. The order provides insight into the current status of Khovratov’s case. [Continue reading…]
“Click a button” app Ponzi scammers arrested in India
Indian authorities have made arrests in relation to two “click a button” app Ponzi schemes. [Continue reading…]
Torque Trading’s Bernard Ong sued by Ponzi’s liquidators
Liquidators of the collapsed Torque Trading Ponzi scheme have filed a lawsuit against CEO Bernard Ong Hock Fong. [Continue reading…]
Berry trading Ponzi collapses, IPO exit-scam & recovery fees
The Berry Ponzi scheme has collapsed.
Withdrawals have been disabled, and investors are being fed multiple exit-scams. [Continue reading…]
Manifest securities fraud continues through Simply Success
Securities fraud Jimmy Bennett started with Manifest FX continues with Simply Success.
Simply Success operates from the website domain “simply-success.me”, privately registered in April 2022.
The current website appears to have gone live on or around January 2023. It’s difficult to pin down a specific date, as Simply Success hides their website from crawlers: [Continue reading…]
HyperNation Ponzi collapses, rebooted as Satoshi AI
The HyperNation Ponzi scheme has collapsed.
Circa February 28th, the scheme was rebooted as Satoshi AI. [Continue reading…]
NovaTech FX’s exit-scam complete, payouts disabled
The reality of an announcement issued by NovaTech FX last week has been clarified over the weekend.
As of May 11th, NovaTech FX has ceased paying out weekly returns and recruitment commissions. [Continue reading…]
Jayms blames One Ecosystem’s collapse on Georgi Georgiev
Following on from the announcement he’s leaving OneCoin earlier this week, Cordel “King” Jayms has put out a video going into greater detail.
Titled “King Jayms’ Final Decision”, the video was uploaded to Jayms’ personal YouTube channel on May 13th, 2023. [Continue reading…]
Entry of Default granted in Emerson Pires’ MCC fraud case
The SEC has secured an Entry of Default against Emerson Pires in his Mining Capital Coin fraud case.
As with his parallel EmpiresX fraud case, Pires failed to file a response to the SEC’s Mining Capital Coin lawsuit. [Continue reading…]
Axneb Review: “Asset management” themed MLM crypto Ponzi
Axneb fails to provide ownership or executive information on its website.
Axneb’s website domain (“axneb.com”), was privately registered on February 10th, 2023.
In an attempt to appear legitimate Axneb provides a corporate address in London, UK on its website.
This address corresponds to a random shopfront that doesn’t appear to have anything to do with Axneb. It is unlikely Axneb has any actual ties to the UK.
SimilarWeb currently tracks top sources of traffic to Axneb’s website as Russia (22%), Brazil (9%), the US (9%) and Italy (5%).
On April 3rd, the Central Bank of Russia issued an Axneb pyramid fraud warning.
Although not definitive, this is a decent indication that Axneb has ties to Russia.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]
