Coinfinesse Group caps withdrawals, blames “bitcoin crash”
Coinfinesse Group has capped affiliate withdrawals.
The Ponzi scheme cites bitcoin’s recent crash as the primary factor behind the decision. [Continue reading…]
My Passive Trades collapses, pulls COVID-19 exit-scam
Sometime in the last few days My Passive Trades has suspended payouts.
An announcement on the company’s website blames COVID-19 for the collapse. [Continue reading…]
First OneCoin US arrest was in October 2017
Mark Scott’s trial saw FBI Special Agent Shimko take to the stand.
As revealed in Special Agent Shimko’s cross-examination, the first known OneCoin arrest by US authorities was mid September 2017. [Continue reading…]
How OneCoin was illegally promoted in the US
On paper OneCoin never officially operated in the US. Unofficially US investors were being fed the same lies and encouraged to sign up.
Spearheading these efforts were Maurice Katz and Sal Leto. Katz and Leto hosted various OneCoin events across the US, with the assistance of local promoters.
One such event was attended by William Horn. [Continue reading…]
Matt Lloyd cops $318 mill MOBE fraud FTC judgment order
Matthew Lloyd McPhee has been handed down a $318 million dollar final judgment. [Continue reading…]
The witness testimony of Konstantin Ignatov
If you ever wondered what day to day life was like in a $4 billion dollar Ponzi scheme, Konstantin Ignatov’s witness testimony is probably your best bet.
BehindMLM reader WhistleBlowerFin has graciously made available transcripts from Scott’s trial late last year.
In addition to his pre-trial testimony and live reporting from the Inner City Press, the following testimony is from Mark Scott’s November 2019 trial.
Konstantin Ignatov was questioned by the DOJ and cross-examined by Mark Scott’s attorney Arlo Devlin-Brown.
I’ve done my best to quote the transcript with minimal editing. There is some overlap between Konstantin’s pre-trial testimony and Inner City Press’ reporting, but I’ve done my best to minimize it.
When combined, I believe all three sources make for compelling reading to anyone who’s been following OneCoin. [Continue reading…]
Digital Altitude Receivership over, PMV recovery dropped
The Digital Altitude Receiver has opted not to pursue recovery efforts against Paradise Media Ventures and owner John Souza.
In light of that being the last outstanding action for the Receivership, the Receiver has filed for discharge. [Continue reading…]
Payza money laundering case heading toward plea deals
A March 12th status conference in the Payza case has been rescheduled for April. [Continue reading…]
GoSolar Mining Review: Monthly ROI crypto mining Ponzi
GoSolar Mining provides no information on its website about who owns or runs the company.
According to the company’s “about us” page on its website,
GoSolar Mining expanded its financing to individual clients since 2017.
GoSolar Mining’s website domain wasn’t privately registered until November 2018. The scheme itself appears to have only launched in late 2019.
GoSolar Mining provides a corporate address in Gibraltar on their website.
Further research reveals this address belongs to virtual office merchant Regus.
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…]
Mark Scott fighting disbarment over OneCoin fraud
Convicted OneCoin money launderer Mark Scott is facing disbarment.
According to a report from the Miami Herald, Scott has been suspended from practicing law as of last Wednesday. [Continue reading…]
