While they’ve managed to succeed in having Chandler turn over his acquired bitcoin, the FTC’s contempt motion has been denied.

The FTC’s show cause contempt motion stemmed from Chandler initially refusing to turn over his bitcoin, as required by a previously granted preliminary injunction. [Continue reading…]

A November 16th post on Craig Grant’s Steemit account suggests he’s been hauled before the Middle District Attorney’s Office of Florida. [Continue reading…]

Disturbing footage of Holton Buggs evicting an attendee at an IQ Chain event in Turkey has emerged.

In the footage Holton Buggs trashes Ted Nuyten and BusinessForHome, makes excuses for Ormeus Global investor losses, claims he knows nothing about coffee or cryptocurrency, and ultimately refuses to answer hard-hitting questions about his new gig, IQ Chain. [Continue reading…]

A resident of the town of Meissen has been ordered to compensate victims he lured into the OneCoin Ponzi scheme.

This is the second civil case the man has lost, on top of a criminal case filed by Bielefeld Prosecutors. [Continue reading…]

Last we checked in the scheduled January 2019 Infinity2Global criminal trial had been postponed.

As per a November 5th order, a new jury trial date has been scheduled for July 22nd, 2019. [Continue reading…]

Japanese authorities have arrested eight individuals, who they claim are behind the Sener Trader Ponzi scheme.

Sener Trader launched in 2017 on the heels of Eagle Gates Group’s demise.

The latter Ponzi collapsed in February 2017, with Sener Trader emerging a few months later in May. [Continue reading…]

Daniel Filho’s long-running criminal case saga has come to end, following the dismissal of his indictment.

DFRF Enterprises launched in mid 2014 and was primarily pitched to TelexFree Ponzi victims.

The SEC shut DFRF Enterprises down in July 2015. The DOJ were pursuing a criminal case in tandem, which led to the arrest of owner Daniel Filho later that month.

BehindMLM has extensively covered Filho’s civil and criminal proceedings.

To summarize; [Continue reading…]

In August 2017 two of the most prominent websites used to promote scams were taken offline within minutes of each other.

The MoneyMakerGroup and TalkGold forums, owned by brothers Edward and Brian Krassenstein, were used to promote fraudulent investment and pyramid schemes for over a decade.

The websites eventually caught the attention of the authorities, which lead to the Krassenstein brothers being the subject of a DOJ forfeiture complaint filed mid last year.

In their complaint, the DOJ referred to MoneyMakerGroup and TalkGold as ‘discussion forums in which HYIP operators advertise and promote their fraud schemes to potential victims‘.

For those unfamiliar with the term, “HYIP” stands for “high yield investment program. The term is synonymous with Ponzi schemes.

And a good percentage of the Ponzi schemes advertised on MoneyMakerGroup and TalkGold were of the MLM variety. [Continue reading…]

The question of why Redwood Scientific Technologies stalled on providing the FTC with requested documents for over a year has been answered:

Redwood knew a regulatory lawsuit would follow.

In hindsight I can’t say I blame them really. Turns out consumer fraud is just the tip of the Redwood iceberg…

Prepare to be disgusted. [Continue reading…]

New York isn’t too happy with Feroz Patel’s efforts to keep Payza afloat.

On October 24th the New York State Department of Financial Services issued Payza, founders Firoz and Ferhan Patel and associated companies MH Pillars, OboPay and MH Pillars with a cease and desist. [Continue reading…]