USFIA victims are one step closer to distribution payments, following the Receiver’s filed plan of distribution. [Continue reading…]

Panama’s Superintendency of the Securities Market (SMV), has issued a securities fraud warning against CashFX Group. [Continue reading…]

Crowd1 CEO Johan Stael von Holstein has abandoned Crowd1 and its investors.

The abrupt announcement was made earlier today, via a press-release issued by Mattias Tönnheim [Continue reading…]

It is increasingly appearing that Seacret Direct’s acquisition of WorldVentures has fallen through.

To recap, WorldVentures confirmed the acquisition mid November. As part of their announcement, WV President Eddie Head stated that more details will be released over the coming weeks.

That has not happened, at least not publicly. [Continue reading…]

The Securities Commission of the Bahamas has issued a securities fraud warning against CashFX Group. [Continue reading…]

The Czech National Bank has issued a securities fraud warning against Crowd1. [Continue reading…]

Digital Income System, its owners and top promoters have been sued by the FTC.

According to the regulator, Digital Income System is a

fraudulent money-making opportunity scheme that preys on consumers hoping to earn money from home.

The FTC’s lawsuit was initially filed under seal. We became aware of it thanks to a reader tip-off yesterday. [Continue reading…]

OnPassive has been in prelaunch now for roughly two and a half years.

To this day, gullible “founders” who shelled $97 for positions still have nothing to show for it. [Continue reading…]

Despite negotiations taking place for over a year, at present a settlement between the FTC and Neora looks unlikely.

As per a settlement report filed on December 9th, the parties advise; [Continue reading…]

The Central Bank of Hungary (MNB) has added Crowd1 to its list of banned companies. [Continue reading…]