Elevate Pass appears to have collapsed.

At time of publication Elevate Pass’ website has been down for over twelve hours. Attempts to visit the site return a DNS configuration error. [Continue reading…]

Melissa Sorenson is a former Paparazzi employee.

Sorenson was terminated in January 2022. The circumstances of the termination have not been disclosed by herself or Paparazzi.

What we do know, courtesy of a chatlog exhibit, is Sorenson feels she was “wrongfully terminated”.

To that end she’s filed multiple complaints with state and federal labor regulators. [Continue reading…]

The greater the efforts Coenie Botha goes to keep his CBI Global Ponzi running, the harder his investors get screwed.

The latest is 16% deposit fees, withdrawal fees, KYC roadblocks and hard daily withdrawal limits. [Continue reading…]

You’d think Paparazzi would kinda have its hands full, what between killing consultants at company events and poisoning customers with toxic jewelry.

Not so. The company has found time to sue an ex-employee and former consultants.

Paparazzi claims the group “stole confidential and protected information” and distributed it on social media. [Continue reading…]

There doesn’t appear to be any cohesion when it comes to Mirror Trading International’s liquidation proceedings.

Back in February nobody was recovering anything except owner on paper Johann Steynberg.

Then, on the assumption Mirror Trading International would be declared an “illegal scheme” (which for some reason hadn’t happened yet despite the FSCA stating publicly MTI was an “illegal operation” in December 2020), liquidators cut MTI victims a recovery deal.

For some reason submitted claims from net-winners were part of that deal, but liquidators promised to process claims from net-losers first.

Now, out of the blue, liquidators have summoned eighteen MTI employees to court.

As a group of net-winners, liquidators are demanding the scammers hand over R4.6 billion (~$291 million USD). [Continue reading…]

Five Paparazzi customers in North Carolina have filed a class-action against the MLM company.

Central to the lawsuit are alleged misrepresentations regarding toxic metals in Paparazzi jewelry. [Continue reading…]

The Philippine SEC has issued a press-release reminding consumers that the Crowd1 Ponzi scheme remains banned across the country. [Continue reading…]

A Paparazzi customer in New York has filed a class-action against the MLM company.

Central to the lawsuit are alleged misrepresentations regarding toxic metals in Paparazzi jewelry. [Continue reading…]

The FTC has announced over $149 million has been distributed to victims of the Advocare pyramid scheme.

The FTC’s announcement was made on May 5th. It follows Advocare settling fraud allegations with the FTC for $150 million in 2019. [Continue reading…]

The SEC is set to face off against the Mining Capital Coin defendants on May 19th.

At stake are the millions in ill-gotten gains Capuci allegedly stole through his Mining Capital Coin Ponzi scheme. [Continue reading…]