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…]
Rodrigues’ escape accomplices back in custody, more warrants
Earlier this year it emerged TelexFree scammer Sann Rodrigues fled Brazil with the aid of a lawyer and two former police officers.
Rodrigues remains at large, however the attorney and one of the police officers involved were arrested back in February.
The pair were released a day later and have been out on bail since.
On Wednesday July 1st the Superior Court of Justice revoked bail.
Be Review: Melius rebooted as subscription pyramid
Be marketing began in late May, early June 2020. The company is a reboot of Melius.
Melius launched in late 2018, on the idiotic premise of giving out $50,000 real money trading accounts for $3000.
The company was publicly headed up by CEO and co-founder Jeremy Prasetyo.
Initially Melius’ other co-founders weren’t publicly acknowledged on the company’s website.
The main reason for that is because Melius’ other co-founders were Monir and Moyn Islam.
The Islam brothers made a name for themselves scamming people out of millions in OneCoin.
Originally from the UK, most of the Islam brother’s victims were ethnic minorities. As OneCoin began to collapse the brothers fled to Dubai.
Although not an outwardly obvious Ponzi scheme like OneCoin, Melius shared the scheme’s securities fraud roots.
Melius appears to have begun collapsing in late December 2019.
Be’s website domain (“befactor.com”) was acquired on March 26th, 2020. Promotion of Be began in mid to late May.
Melius’ website and social media profiles have since been deleted.
Be’s website cites Moyn Islam (President and CEO), Monir Islam (CVO) and Ehsaan B. Islam (CTO) as co-founders of the company.
Read on for a full review of Be’s MLM opportunity. [Continue reading…]
