CashFX Group hush money leaders named and shamed
Thirteen CashFX Group hush money payments have been confirmed. The problem is CashFX Group currently has eighteen leaders.
This research comes to you courtesy of Rob Truckle from the CashFX (in association with EverFX) Scam – Now What!? FaceBook group, “James” and of course, dUh BlOcKcHaIn! [Continue reading…]
Daxio adds NFT metaverse grifts to securities fraud
Late last year Daxio launched an “automated sports trading” Ponzi scheme.
No word on how many bajillionaires have been created so far. But now Daxio has gotten into NFT metaverse grifting.
Oh and Daxio has also launched two shitcoins. Because of course it has. [Continue reading…]
CashFX Group bribed leaders while denying withdrawals
Luigi Bruni’s life after CashFX Group is providing insight into how the Ponzi scheme continued to recruit new victims, despite denying withdrawals for close to a year.
Like any MLM Ponzi scheme, CashFX Group owner and CEO Huascar Lopez kept most of the money for himself.
He also paid top affiliates $20,000 a month to keep them recruiting new victims into the scheme. [Continue reading…]
EmpiresX victim class-action filed in Florida (Receivership?)
Two EmpiresX victims have filed a civil class-action in Florida.
That’s on top of the CFTC’s and SEC’s civil regulatory lawsuits against EmpiresX.
What’s interesting is the Florida state court hearing the class-action has appointed an EmpiresX Receiver. [Continue reading…]
William Roshak settles Profit Connect fraud for $470,000
William Roshak has settled his Profit Connect fraud for $470,000.
The settlement was reached following $500,000+ clawback lawsuit, filed against Roshak late last year. [Continue reading…]
Philip Han under criminal investigation, condo raided in Brazil
Police in Sao Poalo raided Philip Han’s luxury condo at 5am on Tuesday, August 23rd.
As reported by Estadio (paywall), Han and his wife Carla Moreira Han are suspected of [Continue reading…]
“Paparazzi a pyramid scheme”, leaks case counterclaim alleges
Three Defendants in the “employee leaks” case have filed a countersuit against Paparazzi’s co-founders.
Defendants and now Counterclaim Plaintiffs Geraldine Souza, Jennifer Carrol and Jaime Robinson allege, among other things, that Paparazzi is a pyramid scheme. [Continue reading…]
Awakend misleads consumers with doctored Zenith study
BehindMLM reader Mickey Burns stopped by earlier today to let me know
I love your stuff on this blog, it’s helped me a lot over the years.
She also took aim at our coverage of Awakend’s prelaunch, specifically pertaining to their leptin supplement Zenith.
Oz, the white paper is on the website. And even a the teeniest Google effort will explain how the hormone Leptin works.
This prompted me to head over to Awakend’s new website (which didn’t exist when I covered the company’s prelaunch), and grab a copy of their “whitepaper” (tell me you’re a crypto bro without telling me you’re a crypto bro).
Oh dear. [Continue reading…]
Eric Dalius settles Saivian Ponzi securities fraud with SEC
Eric J. Dalius has reached a settlement with the SEC over Saivian securities fraud.
The news follows the Saivian defendants reentering negotiations with the SEC back in June. [Continue reading…]
Elevate Pass Ponzi collapses again, Mark Verdellen cashes out
After recovering from losing its website a few months ago, Elevate Pass has collapsed again.
This time the reason is financial, with CFO Mark Verdellen cashing out and doing a runner. [Continue reading…]
