The MOBE Receiver and Matt Lloyd McPhee appear on the verge of a settlement, prompting the FTC to file for a stay on all MOBE related proceedings. [Continue reading…]

CryptoTrain Trading provides no credible information on their website about who owns or runs the company.

CryptoTrain Trading’s website domain (“cryptotrain.trade”) was registered with incomplete details on May 16th, 2019.

In an attempt to feign legitimacy, CryptoTrain Trading provides a UK incorporation certificate on its website.

UK incorporation is dirt cheap and for the most part unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

Accompanying the incorporation certificate is the claim “CEO Dr Jacob Hann” founded CryptoTrain Trading.

Given the lack of information available on Hann, it is highly likely he doesn’t exist.

At the time of publication Alexa estimates South Africa is the largest source of traffic to CryptoTrain Trading’s website (43%).

This is large enough to suggest that whoever is running CryptoTrain Trading is likely based out of South Africa itself.

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…]

Moonberg provides no information on their website about who owns or runs the business.

Moonberg’s website domain (“moonberg.io”) was registered on January 11th, 2019.

Bitdepositary Ltd. is listed as the owner, through an incomplete address in Malta.

On its own website Bitdepositary markets itself as a “decentralized crypto finance marketplace”.

The company operates its services through its own BDT and BDT20 tokens.

Although its only cited as a partner on Bitdepositary’s website, Moonberg appears to be a spinoff project.

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…]

Although it feels like US authorities are dragging their feet with respect to BitConnect, reports of India confirm the investigation is still very much active.

The latest update we’ve got on the FBI’s BitConnect investigation is that two agents recently interrogated Saitsh Kumbhani. [Continue reading…]

The Bank of Namibia has issued a pyramid scheme warning against Karatbars International. [Continue reading…]

An ACN related class-action lawsuit has survived a motion to dismiss.

On July 24th RICO claims filed against the Trump family in connection to promotion of ACN were dismissed.

Six counts pertaining to fraud, false advertising and unfair competition survived and remain standing. [Continue reading…]

Desperate for a distraction after their Dubai ruse collapsed, Skyway Capital has signed Steven Seagal on for a celebrity endorsement. [Continue reading…]

The Traffic Monsoon Receiver has filed for an entry of default against five Traffic Monsoon clawback defendants. [Continue reading…]

You’d think with their CEO in prison and former CEO and founder a fugitive on the run, that OneCoin would be laying low.

But no… OneCoin is gearing up to hold a secret Global Mastermind event in Bali, Indonesia next month.

As is typical for OneCoin, the planned Global Mastermind event was booked without disclosing either the OneCoin or OneLife company names. [Continue reading…]

Neora’s former product supplier, Nerium Biotechnology and Nerium Skincare (together represented as Nerium Biotech), have sued the company for allegedly using false product testimonials. [Continue reading…]