WoToken Ponzi co-founders sentenced to prison in China
WoToken was a mobile app Ponzi scheme launched by Chinese scammers last year.
Last month the scam’s co-founders, Gao Yudong, Li Qibing, Wang Xiaoying and Tian YongBo, were each sentenced by a Chinese court to prison sentences ranging from two years six months to eight years six months. [Continue reading…]
LifeVantage class-action reduced to securities fraud
A Motion to Dismiss has seen the the LifeVantage class-action reduced by two counts. [Continue reading…]
Gutemberg Dos Santos extradited to US from Panama
AirBit Club co-founder Gutemberg Dos Santos was extradited from Panama on November 25th.
The extradition was part of the DOJ’s AirBit Club criminal case, which also names Renato Rodriguez as a co-conspirator. [Continue reading…]
Chinese govt to keep $4.2 billion in seized Plus Token funds
PlusToken’ three co-founders have been sentenced in a Chinese criminal case.
Language-barriers means tracking the scope of the Chinese investigation into Plus Token is difficult. [Continue reading…]
Sebastian Greenwood to be served by US Marshals
The OneCoin class-action Plaintiffs have been given permission to serve defendant Sebastian Greenwood through US Marshals. [Continue reading…]
Gilbert Armenta under compassionate release till sentencing
A filing by Gilbert Armenta in the OneCoin class-action has revealed he’s currently under compassionate release. [Continue reading…]
Jump to Health Review: Nutrition with a weight loss focus
Jump to Health operates in the health and wellness MLM niche.
The company launched in late 2018 and is based out of New York in the US.
Heading up Jump to Health is founder and CEO Audrey Sommerfeld.
As per Sommerfeld’s Jump to Health corporate bio;
She began her career marketing and developing products for brands like Oil of Olay, Mylanta, Johnsons Baby, Neutrogena, and other notable products and companies.
She fell in love with Direct Sales at Herbalife where she worked on global product management in over 60 countries.
She then joined a start up at the time in ViSalus, helping drive growth with new products, new platforms, new tools and trainings, and more.
She and her team have come together to create Jump to Health.
Sommerfeld was hired by Visalus as Vice President of Marketing and Brand Development in 2007. According to her LinkedIn profile, she left the company in 2013.
After Visalus Sommerfeld worked in some non-MLM roles before launching Jump to Health.
Read on for a full review of Jump to Health’s MLM opportunity. [Continue reading…]
Seventeen Eagle Gates Ponzi scammers jailed in Thailand
Following on from the arrest of twenty-one Eagle Gates Group scammers in April, nineteen have since been jailed. [Continue reading…]
Three OneCoin money launderers indicted in Germany
It’s been two years since we’ve heard anything out of Bielefeld’s Public Prosecutor’s Office regarding OneCoin.
Now, three suspects have been indicted and will appear at Munster District Court. [Continue reading…]
BankCryptoInv Review: 90% an hour crypto trading Ponzi
BankCryptoInv provides no information on its website about who owns or runs the company.
BankCryptoInv’s website domain (“bankcryptoinv.com”) was privately registered on January 24th, 2020.
Despite not existing until this year, BankCryptoInv fraudulently claims to be ‘a professional cryptocurrency investment company since 2017.’
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…]
