On June 1st the SEC tabled three proposed judgments against BitConnect defendants Joshua Jeppesen, Ryan Maasen and Laura Mascola.

A partial judgment was tabled for Michael Noble.

Each of the proposed judgments were consented to by the defendants.

On June 3rd the SEC was directed to make an additional filing, explaining why the judgments were

“fair and reasonable” and (how) the “public interest would not be disserved” by the included injunctive relief.

The SEC filed its brief on June 11th. On June 23rd a hearing was scheduled for July 7th to discuss the proposed judgments. [Continue reading…]

Accor Group, owners of Movenpick Hotels and Apartments, have confirmed GSPartners is not authorized to sell their Dubai property. [Continue reading…]

The Gifting Communities scam appears to have collapsed.

Sometime in the last few days Gifting Communities’ website has been taken down. The company’s official Facebook page has also been pulled. [Continue reading…]

Seven months after raiding Mirror Trading International’s South African offices, the FSCA has announced its intent fine the company.

Oh my god just do it already… [Continue reading…]

The Serbian Court of Appeals has rejected Krstijan Krstic’s appeal against extradition to the US.

US authorities are now one step closer to extraditing Krstic to the US, where he is facing criminal and civil charges related to fraud. [Continue reading…]

CashFX Group has received a securities fraud warning from the Central Bank of Ireland.

The Central Bank of Ireland is Ireland’s top financial regulator (think SEC in the US). [Continue reading…]

Although it’s always had a reputation for harboring scammers, over the past year and a half Dubai cemented itself as the MLM scam capital of the world.

This coincided with the spread of the COVID-19 pandemic. Whereas most countries effected some sort of border control, Dubai has remained open for visitors.

This has seen practically every scam looking to hold live events flock to the desert city. [Continue reading…]

EtherConnect’s first shitcoin factory launch, EYFI, has collapsed.

Just three weeks or so after launching it, EtherConnect has abandoned EYFI.

Now EtherConnect are expecting affiliates to invest in EIFI. [Continue reading…]

Kripto Future has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores. [Continue reading…]

Mirollex has received a securities fraud warning from Spain’s Comision Nacional del Marcado de Valores. [Continue reading…]