Validus fraud warning from Belgium’s FSMA
Validus has received a fraud warning from Belgium’s Financial Services and Markets Authority.
As per the FSMA’s December 14th warning; [Continue reading…]
Sebastian Greenwood pleads guilty to OneCoin fraud charges
Karl Sebastian Greenwood has pled guilty to OneCoin related wire fraud and money laundering charges. [Continue reading…]
USFIA Ponzi founder Steve Chen dies in prison
USFIA founder Steve Chen has died in prison.
Following a guilty plea entered back in 2020, Chen was sentenced to to ten years in prison in 2021. [Continue reading…]
3rd NovaTech FX securities fraud warning from Canada (ONT)
The Ontario Securities Commission has issued a NovaTech FX securities fraud warning. [Continue reading…]
Richard Maike sentenced to 10 years in prison for I2G fraud
Infinity2Global Ponzi founder Richard Maike has been sentenced to 10 years in prison.
Maike will also pay a $100,000 monetary fine, with restitution to be determined next year. [Continue reading…]
Forcount founder and three promoters sued by SEC
Forcount founder Francisley Valdevino Da Silva (aka Francis Silva), has been sued by the SEC.
The SEC has also filed civil fraud charges against three US-based promoters. [Continue reading…]
Ryan Ginster pleads guilty to wire fraud, faces 20 yrs in prison
My Micro Profits founder Ryan Ginster has plead guilty to one count of wire fraud. [Continue reading…]
Forcount founder & top promoters indicted for wire fraud
Forcount Ponzi founder Francisley Valdevino Da Silva (aka Francis Silva), has been indicted in the US and arrested in Brazil.
Two top Forcount Ponzi promoters in the US have also been indicted. [Continue reading…]
Paparazzi toxic jewelry class-actions will not be consolidated
A Utah court has declined to consolidate five individually filed Paparazzi class-actions.
The court found that while “common factual questions” between the cases exist; [Continue reading…]
Disruptive Studio launches crypto Ponzi with Darren Olayan
Serial scammer Darren Olayan’s latest grift is a Ponzi scheme run through Disruptive Studio. [Continue reading…]
