FSCA punts Gift of Legacy investigation to “other regulators”
South Africa’s FSCA has issued a Gift of Legacy warning. The warning follows enquiries from the South African public.
As per the FSCA’s March 23rd warning, which followed enquiries from the public, the regulator confirms Gift of Legacy isn’t committing securities fraud.
This would be a violation of South Africa’s Financial Advisory and Intermediary Services. [Continue reading…]
EON Review: George Goodman’s “The Time Network” Ponzi
EON operates in the MLM cryptocurrency niche.
The company is headed up by George Goodman.
Goodman made his MLM debut in 2020 as President and CEO of Xifra.
Xifra is a Ponzi scheme that markets 200% returns on investments of up to $100,000.
Other than appear in a few promo videos, Goodman didn’t do much and disappeared shortly after launch.
As per EON’s marketing material;
The Mexican-American George Goodman, recognized as a visionary and pioneer of finance, launches his new platform to the world on February 18, 2022 from the city of Guadalajara.
Guadalajara is in Mexico, which fits with Xifra being a Mexican Ponzi scheme.
Read on for a full review of EON’s MLM opportunity. [Continue reading…]
IX Inversors & DIA reboot collapse amid regulatory crackdown
Alexander Hernandez has announced IX Inversor’s collapse, claiming the company has gone into liquidation.
The announcement was made earlier this week on Monday, on an official corporate webinar. [Continue reading…]
Edain pyramid scheme fraud warning from Russia
Edain has received a pyramid scheme fraud warning from the Central Bank of Russia.
As per the CBR’s March 30th warning, Edain “exhibits signs of a financial pyramid”. [Continue reading…]
FTC denied Netforce Seminars contempt sanctions
The FTC has been denied NetForce contempt sanctions against Jay Noland.
The request for sanctions stems from Noland allegedly violating his NetForce injunction judgment. [Continue reading…]
Second OmegaPro securities fraud warning from Spain
OmegaPro has received a second securities fraud warning from Spain’s Comision Nacional del Mercado de Valores. [Continue reading…]
IM Mastery Academy doubles down on Barcelona after arrests
Despite the arrest of top Spanish promoters, IM Mastery Academy has doubled down on its upcoming Barcelona event. [Continue reading…]
Intelligence Prime Capital securities fraud warning from Spain
Intelligence Prime Capital has received a securities fraud warning from Spain’s COmision Nacional del Mercado de Valores. [Continue reading…]
CashFX Group securities fraud warning from Ontario, Canada
CashFX Group has received its sixth securities fraud warning from Canada.
The latest fraud warning was issued by the Ontario Securities Commission on March 28th. [Continue reading…]
Zoe Broker securities fraud warning from Spain (Generation Zoe)
Zoe Broker has received a securities fraud warning from Spain.
What’s interesting about the fraud notice is the Spanish regulator identifies the company as Generation Zoe. [Continue reading…]
