In an attempt to dismiss their victims, a cliché trotted out whenever the government steps in and shuts down a scam is that said government will keep most of the money.

What scammers don’t realize is that there are checks and balances in place to ensure this doesn’t happen, as evidenced by a recent SEC filing. [Continue reading…]

As of September 7th, Michael Force and Mary Dee have been paid combined living and medical expenses of $42,367 and $48,504 respectively.

Citing “significant changed circumstances”, the FTC now want to stop these monthly payments – and Michael Force isn’t too happy about it. [Continue reading…]

After seemingly little no progress on the regulatory front for some time, a key OneCoin insider has been indicted on a money laundering charge in the US. [Continue reading…]

Regardless of where you fall on the political spectrum, you’ve probably heard of Alex Jones.

Gay frogs, crisis actor claims, getting banned from pretty much every significant social media network for terms of service violations over the past month?

Yeah, Jones is an undeniably divisive personality in the political discourse sphere who’s hard to miss.

But I’m not here to dissect the fictional character Alex Jones plays on the internet. What caught my attention is Jones having signed up as a Jeunesse distributor. [Continue reading…]

Back in August it emerged that Jeunesse and the represented class had reached a settlement.

Following a hearing on September 12th, the proposed settlement agreement has received preliminary approval. [Continue reading…]

Following on from news a settlement between Sean Brown and the FTC had been reached back in July, details of the settlement have now been made public. [Continue reading…]

Outside of a yellow Lamborghini that may or may not belong to Ralf Gold, there hasn’t been much information on what the millions USI-Tech investors lost has been spent on.

Following the filing of a lawsuit by Horst Jicha, we can now account for an additional $1.5 million in stolen USI-Tech investor funds. [Continue reading…]

Following an internal investigation into WorldVentures by Rwandan authorities, yesterday the Rwanda Development Board issued a pyramid scheme warning to the public. [Continue reading…]

To be fair, FutureNet’s FutureAdPro survived the typical two-year collapse window of most MLM Ponzi schemes.

When you’re paying out more than you’re taking in though ($50 in, $60 out), things are eventually going to fall apart.

And for FutureAdPro, following several announcements, that appears to be now. [Continue reading…]

Rather than just admit USI-Tech was a Ponzi scheme that collapsed, owners Joao Severino, Horst Jicha and Ralf Gold continue to string investors along.

In their latest communication, USI-Tech now blame non-payment on the state of the cryptocurrency mining industry. [Continue reading…]