WorldVentures’ Sth African affiliates owed $106K in unpaid commissions
Following other top affiliates that have sued the company for unpaid commissions, now comes Devraj and Cassandra Soojay with a lawsuit demanding $106,000. [Continue reading…]
SEC investigation into BitConnect confirmed
Top BitConnect investor Craig Grant uploaded a YouTube video a few hours ago, in which he confirms an SEC investigation into the company is underway. [Continue reading…]
Infinity2Global defendants hit with superseding indictment
The DOJ has filed a superseding indictment against all seven Infinity2Global defendants on July 11th.
A superseding indictment replaces an existing indictment and is filed either due to legal defect or grand jury irregularity. [Continue reading…]
WorldVentures’ top Asian affiliate sues for $243K in unpaid commissions
Since revealing WorldVentures owes one of its affiliates almost $100,000 in unpaid commissions, we’re receiving confirmation that other affiliates are in similar predicaments.
One such affiliate is WorldVentures’ top Asian affiliate, Dennis Bay. [Continue reading…]
Digital Altitude’s attorneys are out, no victim funds for legal fees
Several interesting developments in the FTC’s case against Digital Altitude have arisen over the past few weeks.
On July 26th Judge Kronstadt issued several orders regarding the developments, which we’ll dive into below. [Continue reading…]
OneCoin will not go public on October 8th, delayed indefinitely into 2019
At a recent OneCoin event held in Argentina, Konstanin Ignatov has confirmed OneCoin will not be going public on October 8th. [Continue reading…]
Daniel Filho declared incompetent to stand trial, charges to be dismissed
State state of Daniel Filho’s mental health has been dragging on for some time.
Last we checked in was just under a year ago, wherein a motion requesting the appointment of a Receivership was denied.
At issue was Filho not being convicted of a crime, which is technically true.
Despite being indicted in 2015, Filho’s ongoing mental health issues have prevented him from standing trial. [Continue reading…]
TVizion fails to respond to Dish Network’s lawsuit, default entered
Having been served by Dish Network on June 8th, TVizion has thus far failed to respond to their copyright infringement lawsuit.
This prompted Dish Network to file an application for a Clerk’s Entry of Default, which was made on July 23rd. [Continue reading…]
Nui restructures, pseudo-compliance and responding to cease & desist
Seemingly in response to Texas’ cease and desist, Nui has announced it is restructuring its affiliate offering.
We haven’t heard much from CEO Darren Olayan after he claimed securities regulation didn’t exist a few weeks ago.
Thus is was left to “Keystone Leaders” Jim Paré and Casey Combden to front affiliates. [Continue reading…]
Genesis Mining dismissed from South Carolina cease and desist
Cloud mining company Genesis Mining found itself the recipient of a securities fraud cease and desist, as part of South Carolina’s crackdown on Swiss Gold Global.
Despite indicating they wouldn’t be challenging the notice, information was nonetheless submitted to the South Carolina Securities Division.
Based on this information, Genesis Mining’s cease and desist has been dismissed. [Continue reading…]
