Benjamin Reynolds served, CFTC to file for default
The CFTC’s case against Control Finance CEO Benjamin Reynolds continues.
Reynolds was served via notices placed in the Daily Telegraph newspaper.
He’s unlikely to have seen them though, because Benjamin Reynolds doesn’t exist. [Continue reading…]
Jim Coover denies Isagenix Amazon/eBay racket, receipts?
On March 17th BusinessForHome copy and pasted a lawsuit filed in Utah against Isagenix.
On March 18th Isagenix held a leadership call, on which Jim Coover addressed the lawsuit. [Continue reading…]
Riway scammers promoting Purtier as COVID-19 treatment
Riway’s Purtier is a deer placenta supplement.
In social media posts, various distributors have claimed Purtier boosts immune systems – with a particular focus on the current COVID-19 pandemic.
Not only is this factually incorrect, it’s downright dangerous. [Continue reading…]
Isagenix top earner Amazon/eBay racket exposed in lawsuit
Two Isagenix distributors have filed a lawsuit against the company, alleging losses of $170,000.
At the heart of the lawsuit is a secret Amazon and eBay sales racket, allegedly approved by Isagenix management. [Continue reading…]
Redwood Scientific Tech trial delayed due to COVID-19
In what I imagine is going to become a frequently increasing occurrence, the scheduled FTC v. Redwood Scientific Technologies trial has been pushed back. [Continue reading…]
How Mark Scott used Apex Group to launder OneCoin funds
In his witness testimony at Mark Scott’s trial, Konstantin Ignatov claimed OneCoin took in over $2 billion.
In January 2019, US authorities pegged OneCoin losses at over $4 billion.
That money had to go somewhere. Today we examine exactly how Mark Scott shuffled hundreds of millions of euros for OneCoin’s owner, Ruja Ignatova. [Continue reading…]
Frank Calabro Jr. stole over $2.2 mill from USI-Tech victims
Earlier this month Frank Calabro Jr. posted a series of rants against the North Carolina Securities Division.
In one provided court transcript, it is revealed Calabro Jr. stole at least $2.2 million from USI-Tech Ponzi victims. [Continue reading…]
Taurise reboot Ponzi scheme review roundup
Taurise was a Ponzi scheme that launched in mid 2018.
Fronted by badly dubbed over actors, Taurise collapsed about a year after launch.
While Taurise’s website is long gone, recently several schemes have popped up using the same logo and site template.
Rather than review these opportunities separately, I’ve combined them below in a triple roundup. [Continue reading…]
Corona Invest Review: COVID-19 themed Ponzi scheme
Corona Invest provides no information on its website about who owns or runs the company.
Corona Invest’s website domain (“coronainvest.io”) was privately registered on February 27th, 2020.
A residential address in the UK is provided on Corona Invest’s website. It is doubtful this address has anything to do with the company.
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…]
Konstantin Ignatov released, Mark Scott returns to prison
Over the weekend OneCoin’s Konstantin Ignatov was released from prison. Conversely but for an unrelated reason, Mark Scott returned to prison.
I was hoping we’d get a case docket update today but doesn’t look like that’s going to happen. [Continue reading…]
