Platin World collapses, PLCU withdrawals disabled
Alex Reinhardt’s Platin World Ponzi scheme has collapsed.
A visit to Platin World’s website and social media pages suggest nothing is amiss. Instead, investors were informed of the collapse through PLC Ultima’s official Telegram channel. [Continue reading…]
Joshua D. Nicholas sentenced to 51 months for EmpiresX fraud
EmpiresX scammer Joshua David Nicholas has been sentenced to 51 months in prison.
Nicholas’ sentence was handed down after 45 minute sentencing hearing, held on November 28th. [Continue reading…]
Validus securities fraud “scam alert” from Australia
Validus has received a securities fraud “scam alert” from the Australian Securities & Investment Commission (ASIC).
NovaTech FX rolls out securities fraud pseudo-compliance
In response to a Californian securities fraud cease and desist issued last week, NovaTech FX has rolled out securities fraud pseudo-compliance. [Continue reading…]
3658 BTC in EminiFX funds recovered from CoinPayments
The EminiFX Receiver has recovered 3658 BTC from payment processor CoinPayments. [Continue reading…]
Jon Tetreault settles Trade Coin Club fraud for $780,795
Jonathan Tetreault has settled Trade Coin Club fraud with the SEC for $780,795.
Tetreault’s Consent Judgment was filed on November 18th, resolving the SEC’s case against him. [Continue reading…]
OmegaPro collapses, withdrawals disabled for three weeks
Following withdrawals being disabled for two weeks and ongoing website issues, BehindMLM is calling OmegaPro’s collapse. [Continue reading…]
NovaTech FX securities fraud cease & desist from California
NovaTech FX has been issued a securities fraud cease and desist by California’s Department of Financial Protection & Innovation (DFPI).
The notice marks the first regulatory action against NovaTech FX by a US regulator. [Continue reading…]
OneCoin holding Ponzi event in 2022 @ Crowne Plaza, UK
OneCoin founder Ruja Ignatova is on the FBI’s most wanted list.
Sheltered by Bulgarian authorities, OneCoin itself is still operational.
As part of ongoing efforts to lure new investors into the $4 billion scam, OneCoin is holding a marketing event London next month. [Continue reading…]
Eric Worre distances himself as OmegaPro Ponzi collapses
OmegaPro is collapsing and the scumbags that ran, promoted and enabled the Ponzi scheme are abandoning ship.
Back in May 2022 MLM veteran Eric Worre joined OmegaPro corporate as Official Strategic Coach.
Now that there’s no more money to steal, Worre is distancing himself from the fast-collapsing Ponzi. [Continue reading…]
