Ruja’s husband Bjorn Strehl under investigation in Germany
German authorities are finally investigating OneCoin founder Ruja Ignatova’s husband, Bjorn Strehl.
Despite being tied to OneCoin’s fraudulent activities, Streh, till now, has managed to remain in the shadows. [Continue reading…]
Frank Rickett’s German OneCoin trial suspended till August
Two presiding Judges in Frank Rickett’s German OneCoin trial have come down with illness.
As a result proceedings have been suspended till August. [Continue reading…]
CashFX Group marketed as way to “alleviate homelessness”
CashFX Group scammers in Ireland are running around telling people their Ponzi “alleviates homelessness”.
How does a collapsed Ponzi scheme with out of control ROI liabilities help the homeless?
Beats me. [Continue reading…]
Financial Education Services shut down by FTC, $467M scam
The FTC has shut down Financial Education Services.
Federal regulatory action against FES follows a $1 million pyramid scheme fine, issued by the state of Georgia in 2019.
As alleged by the FTC, FES “scamm(ed) consumers out of more than $213 million”. [Continue reading…]
How Josip Heit set up GS Chain & duped the London Stock Exg
One of the pieces in GSPartners’ new Meta Certificates Ponzi puzzle is GS Chain.
Evidently for some time now, GSPartners has been awarding LSC shares based how much affiliates invested. They’re now being doshed out as a recruitment incentive.
GS Chain is a UK incorporation, which in and of itself is nothing remarkable. Companies House signs off on fraud all the time.
GS Chain is also however listed on the London Stock Exchange.
By no means itself a sign of legitimacy, how Josip Heit fooled the LSE into listing his shell company is nonetheless worth documenting. [Continue reading…]
GSPartners’ secret (and very fraudulent) GSC shares scheme
In addition to their new Metaverse Certificate investment scheme, GSPartners is preparing to commit additional securities fraud through GSC shares. [Continue reading…]
Floyd Mayweather fronts GSPartners’ 300% ROI Ponzi event
Following owner Josip Heit’s failure to show up at GSPartner’s Atlanta, Georgia event, the Ponzi scheme quickly put together a follow up in Dubai.
We’ve already covered MLM industry figure Eric Worre attending as a speaker. Turns out he wasn’t the only one who shouldn’t have been there.
Appearing only in promo material put out by GSPartners was Floyd Mayweather.
Mayweather has evidently signed on as a GSPartners “Brand Ambassador”. Let’s get into why that’s a problem for the US resident. [Continue reading…]
Trust Investing Ponzi collapses, pulls “hackers!” exit-scam
The Trust Investing Ponzi scheme has collapsed.
Rather than just admit the scheme ran out of investor funds to pay out, CEO Diego Chaves claims the company was hacked. [Continue reading…]
Trust Investing securities fraud warning from Spain
Trust Investing has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.
As per the CNMV’s April 4th warning, Trust Investing [Continue reading…]
EthTRX Review: 10% a day app-based tron Ponzi scheme
A visit to EthTRX’s website reveals an empty backoffice for a few seconds:
Then the message “please logged on” pops up, before the visitor is redirected to an affiliate login/signup form.
When logged in as an affiliate, EthTRX provides a Google Store app link.
Interestingly enough, when I attempted to access the link manually it came back “not found”. Also note the whitepaper link provided is tron’s whitepaper, it has nothing to do with EthTRX.
EthTRX’s website domain (“ether-trx.com”), was privately registered on February 26th, 2022.
SimilarWeb currently ranks top sources of traffic to EthTRX’s website as Ethiopia (37%), Indonexia (13%) and Ukraine (10%).
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…]
