UnicornCycler fails to provide credible ownership or executive information on its website.

“Alex Goltsev from Poland” is credited as the company’s creator. I wasn’t able to establish whether Goltsev is an actual person.

UnicornCycler’s website domain (“unicorncycler.com”), was privately registered on November 20th, 2022.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Former Investview CEO Joseph Cammarata is having ongoing financial difficulties with his lawyers.

The court previously approved $2 million in legal fees be carved out of an asset freeze. Cammarata claims those funds were exhausted prior to his first criminal trial. [Continue reading…]

Three defendants accused of leaking confidential information have settled with Paparazzi.

If approved, the settlement will see Melissa Sorenson, Kylee Robinette and Jennifer Dyer consent to a permanent injunction. [Continue reading…]

Faraday Hosseinipour has been sentenced to 2.5 years in prison.

Hosseinipour’s January 5th sentencing follows her mail and securities fraud conviction last September. [Continue reading…]

The GoldenWay Ponzi scheme has collapsed.

As per a January 6th communication sent out to investors, withdrawals have been “suspended” for four months. [Continue reading…]

Following the collapse of PlatinWorld in November, owner Alex Reinhardt has rebooted the Ponzi scheme with a “new” PLCU token. [Continue reading…]

Canadian MLM company Tiber River has informed distributors it is abandoning its MLM opportunity.

Having built a customer base off the back of its distributors since 2012, Tiber River will transition to an online retail model. [Continue reading…]

US authorities have taken down the “Mike G Deal”.

The DOJ and SEC allege $45 million in fraud, and ringleader Neil Suresh Chandran has been arrested.

On January 4th, the SEC filed a Complaint naming Chandran, Garry Davidson, Michael Glaspie, Linda Knott, Amy Mossel (Glaspie’s wife), Banner Co-Op Inc., BannersGo LLC and AEO Publishing Inc. as defendants. [Continue reading…]

Dagcoin scammers Nils Grossberg and Kristijan Ress have reportedly been released by Estonian authorities.

The pair, who ran the Dagcoin Ponzi scheme from Estonia, were arrested with two accomplices last October. [Continue reading…]

Ariix has been fined €960,000 EUR for consumer fraud by Italy’s Competition Authority (AGCM). [Continue reading…]