$6.4 million seized from Lyoness by Polish prosecutors
Polish prosecutors have seized $6.4 million from Lyoness’ bank accounts.
The accounts were held with ING Bank Slaski SA and contain a mix of euros and zloty (PLN). [Continue reading…]
David Pike pleads guilty to OneCoin fraud, $2 mill judgment
OneCoin money launderer David Pike has pled guilty to one count of bank fraud.
As per a Consent Preliminary Order of Forfeiture, presented at Pike’s October 19th plea control hearing, he is also subject to a $2.09 million dollar judgment. [Continue reading…]
BloxTec holding funds hostage with advanced fee scam
BloxTec is informing affiliates they need to pay a fee if they want to withdraw.
This is known as an “advanced fee” scam, where funds are held hostage unless additional fees are paid. [Continue reading…]
Assure For Life Review: Pay to play funeral assistance plans
Assure For Life provides no information on their website about who owns or runs the company.
Assure For Life’s website domain (“assureforlife.com”) was first registered in 2016. The registration was last updated in May 2019.
On LinkedIn Assure For Life claims to be ‘a 67 year old international product that provides protection to 250,000 families in the Americas.’
On its website Assure For Life claims to be 70 years old.
This is odd considering the company only existed online as of 2016.
“Protecci\u00F3n Plenitud” is listed as the owner of Assure For Life’s website domain, through an incomplete address in Florida.
This appears to match up Assure For Life providing a Doral, Florida corporate address on their website.
Well, sort of. The address provided on Assure For Life’s website is a virtual address provided by Davinci Virtual.
I wasn’t able to make sense of what “Protecci\u00F3n Plenitud” is. The string appears on weird text files if you search for it.
Update 20th October 2021 – Jon in the comments below has revealed “Protecci\u00F3n Plenitud” corresponds with Proteccion Plenitud, Inc., a Florida company incorporated in 2005. /end update
The only executive that features in Assure For Life’s marketing is Commercial Manager Sandra Chica.
Be it a sixty-seven or six year old MLM company, not providing executive information is a red flag.
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…]
HyperFund under investigation in Germany for securities fraud
HyperFund is under regulatory investigation by Germany’s Federal Financial Supervisory Authority (BaFin).
As per an announcement issued on October 19th, BaFin has categorized HyperFund as an “unauthorized business”. [Continue reading…]
New fake Ruja Ignatova video targets Chinese speakers
The OneLife Earth scammers have released a new DeepFakes Ruja Ignatova video, this time targeting Chinese speakers. [Continue reading…]
Mining City disables withdrawals, initiates KYC exit-scam
Mining City has disabled affiliate withdrawals.
Starting October 16th, Mining City will only allow affiliates who’ve completed KYC to withdraw. [Continue reading…]
TriumphFX securities fraud warning issued in Singapore
TriumphFX has received a securities fraud warning from the Monetary Authority of Singapore (MAS). [Continue reading…]
CashFX Group securities fraud warning issued in Singapore
CashFX Group has received a securities fraud warning from the Monetary Authority of Singapore (MAS). [Continue reading…]
YEP lost $4.2 mill in 2020, now seeking $1 mill from public
When I first came across YEP soliciting a million in virtual shares, I pegged it as yet another MLM company engaged in securities fraud.
Looking into it further however, it appears YEP are selling virtual shares legally.
The problem is the numbers don’t add up. As far as I can tell it’s a terrible deal. [Continue reading…]
