Prelim injunction granted against DIS promoter Brandon Frye
A preliminary injunction has been granted against Digital Income System promoter Christopher Brandon Frye. [Continue reading…]
Cheri Marks accuses FSCA of lying about criminal investigation
Suspected MTI co-owner Cheri Marks has accused the FSCA of lying about a Mirror Trading International criminal investigation. [Continue reading…]
FSCA: Mirror Trading International is an “illegal operation”
South Africa’s Financial Sector Conduct Authority has bluntly stated:
MTI and its senior management are conducting an illegal operation, misleading clients and have contravened several laws.
The statement was published as part of a December 17th press-release, updating the public on the status of the FSCA’s investigation. [Continue reading…]
TikTok bans MLM promotion across platform
TikTok, the popular Chinese owned video-sharing social network, has banned promotion of MLM across its entire platform.
The decision was made public following recent changes to TikTok’s “community guidelines”.
In TikTok’s updated guidelines, MLM comes under “frauds and scams” and is grouped together with Ponzi and pyramid schemes. [Continue reading…]
Eaconomy drops Auvoria Prime lawsuit
Eaconomy has voluntarily dismissed its case against Auvoria Prime.
As per a stipulation of voluntary dismissal filed on December 1st; [Continue reading…]
Darren Olayan issued Mintage Mining securities fraud C&D
The state of Michigan has issued Darren Olayan a securities fraud cease and desist pertaining to Mintage Mining.
Michigan’s notice was issued on April 8th, however I only came across it today as part of my research into Olayan’s $595,000 Utah fine.
Darren Olayan fined $595,000 for Divvee securities fraud
The Utah Division of Securities has fined Divvee Social and Darren Olayan $595,000 as part of a securities fraud settlement. [Continue reading…]
Jeff Wright to provide FTC with SBH financial evidence
Jeff Wright and his wife Amber have lost a bid to keep their finances hidden from the FTC.
Wright joined Success by Health’s “Scientific Medical Advisory Board” in late 2018. [Continue reading…]
We Share Abundance bans new investors from cashing out
We Share Abundance has announced newly invested in WESA tokens will be locked for six months.
The new policy effectively prohibits new investors from cashing out for half a year. [Continue reading…]
Mining City pivots to Ponzi shitcoin factory with Electric Cash
With their previously launched Bitcoin Vault Ponzi coin failing and affiliate recruitment down, Mining City has announced a new Ponzi shitcoin launch.
Electric Cash was initially announced on Mining City’s social media accounts on December 12th.
The announcement was made by Mining City CEO Gregory Rogowski. Electric Cash, like BTCV, is being developed by Mining City owner Eyal Avramovich. [Continue reading…]
