Nui Review: Cryptocurrency token investment with pseudo-compliance
Nui has its origins in Divvee, a failed “access to discounts” MLM opportunity that launched in mid 2016.
When Divvee’s original model failed, the company rebooted as a mobile app promotion platform.
That also failed, prompting Divvee’s descent into unregistered securities.
In late 2017 Divvee merged with Hodo Global. The merger created Nui, which focused on cryptocurrency related unregistered securities.
On July 11th the Texas Securities Board issued Nui and associated companies with a securities fraud cease and desist.
Nui has vowed to challenge the notice, however at the time of publication that’s still playing out.
In the meantime Nui has “restructured” and is heavily pushing pseudo-compliance.
Today we publish an updated Nui review and see where the company is at. [Continue reading…]
Santiago De La Rosa settles with SEC and TelexFree Trustee
Following denial of his motion to dismiss, Santiago De La Rosa entered settlement negotiations with the SEC and TelexFree Trustee.
Those negotiations lead to a proposed settlement, which was approved by the court on July 31st. [Continue reading…]
iMarketsLive “scammers” warning issued by FCA
As I write this Alexa cite the UK as the fourth largest source of traffic to the iMarketsLive website (5.8%).
This seems to have caught the attention of the Financial Conduct Authority, who back in May issued an iMarketsLive warning. [Continue reading…]
Nerium Skincare and Jeff Olson reach settlement agreement
On June 27th Nerium Skincare and Jeff Olson filed a Joint Settlement Report.
The report detailed a fourth mediation session, held on June 12th. After the one-day session, settlement negotiations continued, unsuccessfully, until June 22nd.
This was the parties’ fourth mediation. As before, the parties negotiated and made good faith efforts to settle the case.
However, no settlement agreement was reached. No further
negotiations are contemplated at this time.
Something changed after June 27th, with both parties informing the court a settlement had been reached on July 26th. [Continue reading…]
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…]
