Preliminary injunction granted against Cardiffs & VPL Medical
Following a Temporary Restraining Order issued last month, a preliminary injunction has been granted against Jason Cardiff and his company VPL Medical. [Continue reading…]
Silviu Catalin Balaci pleads guilty to BitClub Network fraud
BitClub Network defendant Silviu Catalin Balaci has plead guilty to one count of conspiracy to commit wire fraud and to offer and sell unregistered securities. [Continue reading…]
Crowd1 attempts to legitimize Ponzi with products
Rather than address securities fraud warnings issued around the globe, Crowd1 is pressing ahead with “but we have products!” pseudo-compliance.
In a corporate blog post dated July 7th, Crowd1 announced partnerships with LifeTRNDS, SAfer and Tribute. [Continue reading…]
DOJ maintains Weeks an “unreasonable flight risk”
After putting together our report on Joby Weeks’ release appeal yesterday, I noted the DOJ had filed an opposition while I was working on the report.
Having detailed Weeks’ arguments for release on appeal, today we go over the DOJ’s response. [Continue reading…]
Court approves TelexFree liquidation plan
Following an overwhelming majority vote in favor, the TelexFree liquidation plan has been approved. [Continue reading…]
Joby Weeks’ unsealed release appeal
On May 28th BitClub Network defendant Jobadiah “Joby” Sinclair Weeks filed a Motion for Appeal, Review, and Revocation of his detention order.
Weeks’ first unsuccessfully attempted to bust of custody back in January.
This was followed up by a plea to President Trump in April, citing previously rejected COVID-19 concerns. That too was denied.
Weeks’ May filing seeks to challenge the denial of his initial request for release.
The filing was sealed upon filing, and was only unsealed on June 30th. [Continue reading…]
Mirror Trading International securities fraud C&D in Texas
Mirror Trading International has received an emergency securities fraud cease and desist from Texas. [Continue reading…]
USFIA Ponzi victims to recover approx 75% of losses
The USFIA Receiver estimates that victims will recover approximately 75% of losses. [Continue reading…]
Crowd1 & QNet banned in Côte d’Ivoire for being scams
Authorities in Côte d’Ivoire have banned Crowd1 and QNet.
The stated reason for the ban is both companies operate as scams and facilitate money laundering. [Continue reading…]
TelexFree victims vote for distribution plan
Voting on the proposed TelexFree liquidation plan closed on June 30th.
A published tally of the ballots reveals that TelexFree victims voted in support of the liquidation plan. [Continue reading…]
