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…]

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…]

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 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 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…]

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…]

Coinfinesse Group has capped affiliate withdrawals.

The Ponzi scheme cites bitcoin’s recent crash as the primary factor behind the decision. [Continue reading…]

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…]

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…]

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…]