In a sign Zeus’ Bounty recruitment has plateaued, owner Tim Bentley is pitching Zeus’ Chariots.

Zeus’ Chariots is a planned NFT racing game, built around ZeusCoin.

Bentley’s dystopian vision for Zeus’ Chariots, sees addicted children playing like “crackheads” for grocery money. [Continue reading…]

The Profit Connect Receiver has recovered $9.1 million.

The announcement was made as part of the Receiver’s Second Status Report, filed February 7th. [Continue reading…]

A marketing video from top earner Wayne Nash reveals the Paraiba Ponzi scheme is closing in on half a billion.

A large percentage of that appears to have been sourced from US investors. [Continue reading…]

In addition to the known OneCoin movie and TV series in production, we’re also getting a Bulgarian documentary.

“Deception Queen” entered production in late 2021 and is scheduled for release by the end of the year. [Continue reading…]

Traffic Monsoon has had a $145 million Final Judgment entered against it.

I’m a little bit lost on the procedural side of things, as the Final Judgment follows a $2.5 million Jan 2021 default judgment order. [Continue reading…]

And now, an update on Mirror Trading liquidation proceedings out of South Africa:

*checks notes*

• every MTI victim claim has been rejected
• the only claim approved was filed by JNX Online, a company belonging to MTI founder Johann Steynberg
• South African authorities continue to do nothing

The shitshow continues…
[Continue reading…]

On January 31st Alan Friedland’s CompCoin fraud trial kicked off.

After three days of the CFTC presenting its evidence against Friedland, which included calling up five witnesses, Friedland settled the charges.

Friedland’s CFTC settlement has yet to be finalized and approved by the court.

Despite that Friedland is already sweeping his settlement under the rug. [Continue reading…]

Hyperverse has been added to New Zealand’s HyperFund securities fraud warning. [Continue reading…]

Family First Life, Enagic and Amplifei have received COVID-19 cease and desist demand notices from the FTC.

The notices pertain to fraudulent marketing claims related to COVID-19. [Continue reading…]

Binaxx provides no information on its website about who owns or runs the business.

What its website does provide is links to its socials. Once of those accounts is Binaxx’s official YouTube channel, on which we see Sann Rodrigues hosting Binaxx corporate marketing videos.

Binaxx’s Zoom account name is “Binaxx”, signalling he’s representing corporate and not a promoter.

That said Rodrigues has been personally promoting Binaxx on social media since last October.

Binaxx’s website domain (“binaxx.com”), was privately registered on August 31st, 2021.

Rodrigues doesn’t clarify his exact role within Binaxx. He’s clearly either running it though, or working very closely with whoever is.

Rodrigues, full name Sanderley Rodrigues De Vasconcelos, is best known as the top promoter of TelexFree.

TelexFree was a $3.6 billion Ponzi scheme. Rodrigues himself pocketed over $3 million.

In 2017 Rodrigues settled TelexFree fraud charges with the SEC for $1.7 million.

The disgraced scammer is believed to have left the US to settle in Portugal.

Brazilian authorities have an open investigation into Rodrigues. In Feb 2020 it emerged Rodrigues managed to flee Brazil for the US with the aid of Federal Police.

At the time criminal proceedings against Rodrigues barred him from leaving the country.

As of July 2020, Brazilian authorities had made two arrests; one of the police officers involved and an attorney. Over $340,000 in cryptocurrency had also been seized.

After TelexFree, Rodrigues went on to promote iFreeX, BitinForex (Top10Cap) and Clube365.

These were all Ponzi schemes.

Clube365 popped up in early 2020. A visit to the scam’s website reveals Clube365’s website domain is for sale.

Read on for a full review of Binaxx’s MLM opportunity. [Continue reading…]