Mavie Global & Ultron securities fraud order from QC, CA
Mavie Global, Ultron and several promoters have received a cease and desist order from Quebec’s Autorite des Marches Financiers (AMF).
Named respondents in AMF’s May 16th order are: [Continue reading…]
Details of Neil De Waal’s GSPartners fraud arrest
Following his arrest in late May and subsequent release on bail earlier this week, further details of Neil Leon De Waal’s criminal case have emerged.
A June 6th report from Netwerk 24’s Jana van der Merwe provides insight from De Waal’s Monday bail hearing. [Continue reading…]
Atha Quantify Review: Stolen identity “click a button” Ponzi
Atha Quantify, aka SASKF, fails to provide ownership or executive information on its website.
Atha Quantify’s website domain (“athaquantify.com”), was privately registered on May 25th, 2024.
Of note is Atha Quantify’s website domain being registered through the Chinese registrar Alibaba (Singapore).
Also If we look at Atha Quantify’s two support options (dodgy Telegram links), we find Chinese:
Atha Quantify has already attracted the attention of regulators. The Central Bank of Russia issued an Atha Quantify pyramid fraud warning on May 31st, 2024.
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…]
Samuel Smith settles fraud charges with FTC
Samuel James Smith has settled FTC Act and Telemarketing Sales Rule violations with the FTC.
As per a May 28th filed consent judgment, Smith has agreed to a $7.5 million judgment.
The FTC filed suit against Smith and accomplices Bob Shafer and Charles Garis back in January.
Smith and Shafer ran Blueprint to Wealth, which the FTC describes as [Continue reading…]
NYAG sues NovaTech FX, AWS Mining & the Petions
New York Attorney General Letitia James has sued NovaTech FX, AWS Mining and Eddie and Cynthia Petion for fraud.
Through NovaTech FX and AWS Mining, the NYAG alleges the Petions “defrauded thousands of investors worldwide out of over a billion dollars”. [Continue reading…]
GSPartners promoter arrested for fraud in South Africa
South African authorities have arrested GSPartners promoter Neil Leon De Waal.
De Waal was recruited into GSPartners by Brendon Earp-Jones, who in turn was recruited by Andrew Eaton.
Eaton was a top GSPartners promoter who worked directly under owner Josip Heit. [Continue reading…]
E-MobiPower Review: Stolen identity “click a button” Ponzi
E-MobiPower fails to provide ownership or executive information on its website.
E-MobiPower’s website domain (“e-mobipower.com”), was privately registered on April 30th, 2024.
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…]
Quantex Review: AI trading bot ruse Ponzi
Quantex fails to provide ownership or executive information on its website.
Quantex’s website domain (“quantex.shop”), was privately registered on May 17th, 2024.
Despite only existing for a few weeks, on its website Quantex falsely claims it’s been around since 2022.
Since its inception in 2022, Quantex has been relentlessly evolving, adapting to the rapidly changing world of cryptocurrency and forex.
Of note is Quantex having already attracted the attention of financial regulators. The Central Bank of Russia issued a a Quantex pyramid fraud warning on May 27th, 2024.
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…]
Gxness Review: Trading ruse “click a button” app Ponzi
Gxness fails to provide ownership or executive information on its website.
Gxness’ website domain (“gxness.com”), was privately registered on January 10th, 2024.
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…]
World Trade Coal Review: Coal themed Ponzi scheme
World Trade Coal fails to provide ownership or executive information on its website.
World Trade Coal’s official marketing videos are a combination of Fiverr actors and stock footage:
World Trade Coal’s website domain (“worldtradecoal.com”), was privately registered on August 25th, 2023.
In an attempt to appear legitimate, World Trade Coal provides shell company details for “World Trade Coal Limited”.
As per the supplied certificate above, World Trade Coal Limited was purportedly registered in Iowa on September 19th, 2023.
Attached to World Trade Coal Limited’s shell company is an address in Iowa that has nothing to do with the company.
Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.
World Trade Coal also provides a FinCEN certificate and MSB registration number.
Putting aside this is tied to the aforementioned shell company, FinCEN is not a financial regulator. Like shell company certificates, for the purpose of MLM due-diligence FinCEN certificates are also meaningless.
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…]
