Japan’s Consumer Affairs Agency has issued sanctions against Riway.

From August 3rd, Riway is prohibited from operating in Japan for six months. [Continue reading…]

Following Frank Schneider’s arrest in May, one of the last key figures in OneCoin’s money laundering operation still free is Amer Abdulaziz Salman.

According to former CEO Konstantin Ignatov, Salman made off with €100 million in stolen OneCoin investor funds.

That’s on top of the money Salman allegedly laundered for OneCoin through his shell company Phoenix Fund.

Banned from further profiting off laundered OneCoin funds via horse racing in three jurisdictions, Salman has found refuge in Ireland. [Continue reading…]

Following Antares Trade’s collapse last week, owner Aleksey Zhirovkin (aka Alexei Mikhailovich Zhukovkin), has announced a reboot.

The Antares Trade Ponzi scheme will continue as Alcor Trade. [Continue reading…]

Earlier today we covered the appointment of a replacement Success by Health Receiver.

A paragraph in Judge Lanza’s order caught my attention.

The Receiver’s most recent report, issued earlier today, accuses the Individual Defendants of violating the terms of the preliminary injunction (by failing to provide a detailed description of the intended activities of their new business venture, “SBH Products, Inc.”), of operating this new business venture in an illegal manner (by, among other things, using SBM’s proprietary formulas and goodwill without permission), and of defrauding affiliates in an effort to raise legal defense funds for this case (by making false statements about the supposed existence of a bank account filled with withheld commissions, when in fact “there is no such account”).

In this article we take a look a the Receiver’s report and the quoted accusations in detail. [Continue reading…]

Due to new employment that will leave her unable to continue, Kimberly Friday informed the court she’d be resigning as Receiver of Success by Health on August 12th.

As part of that resignation process, Friday recommended Peter Davis be appointed her successor.

Davis has worked as a forensic accountant for the Success by Health Receivership. He is somewhat familiar with the case and also has past Receivership experience.

The FTC consented to the transfer but on August 9th Jay Noland and his fellow defendants filed an objection.

In an order filed on August 13th, Judge Lanza dismantled each of Noland’s objections. [Continue reading…]

Riway has been prosecuted by Singaporean authorities over false health claims related to its Purtier supplement. [Continue reading…]

INB Network has rebooted its collapsed AI Marketing Ponzi scheme as CashBackPro. [Continue reading…]

Mind Capital’s shitcoin exit-scam is complete. The company has now pulled its website offline. [Continue reading…]

Equiti Group has sent out an email to Elysium Network affiliates, informing them they are “considering all legal and regulatory options against Elysium available under law”. [Continue reading…]

Finiko co-founders Edward Sabirov, Marat Sabirov and Zygmunt Zygmuntovich are wanted by Russian police.

The news follows the trio representing they were pawns following Kirin Doronin’s orders. [Continue reading…]