Charles Scoville has filed a second Traffic Monsoon appeal which, unless I’m missing something, seems to be completely pointless.

Granted the first appeal is widely seen as just an attempt to delay the inevitable, it’s still valid in the sense a defendant can exhaust all defenses available.

This second appeal doesn’t seem to serve any purpose. [Continue reading…]

On March 6th the Power Mining Pool Ponzi scheme was issued a securities fraud cease and desist by North Carolina.

On March 7th the Power Mining Pool website went down.

Here’s the explanation given to Power Mining Pool investors at the time;

We are updating our server to a much faster and powerful server and is taking longer than we expected, so please be patient with us. Thanks.

Nine days later and the Power Mining Pool website is still down. [Continue reading…]

HBM Corporation provide no information on their website about who owns or runs the business.

Marketing videos on the HBM Corporation website depict the opening of a company office in Kiev, Ukraine.

None of the individuals featured in the video are named on the HBM Corporation website.

In the “about” section of their website, HBM Corporation provide an incorporation certificate for “Higher Business Management LTD”.

Higher Business Management LTD was incorporated in the UK on October 3rd, 2017.

Michael McKinney is listed as the sole Director of the company.

No information is available tying McKinney to HBM Corporation outside of the incorporation, casting doubt on whether he actually exists.

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

For all intents and purposes HBM Corporation is being operated out of the Ukraine by person(s) unknown.

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…]

One of the larger channels still promoting ICO lending Ponzi schemes on YouTube is “Team US Crypto Baller”.

Starting out with BitConnect, as many did, since the Ponzi scheme’s collapse the Team US Crypto Baller channel has been used to promote numerous ICO lending Ponzis, most of which have since collapsed.

It was recently revealed that the owner of the Team US Crypto Baller channel is Francesco Dilullo. [Continue reading…]

According to recent court filings, Monat Global are blaming critics for 1000 order cancellations over the past two months. [Continue reading…]

After receiving a securities fraud cease and desist last Sunday, Genesis Mining has finally issued a public response.

Being the responsible company that they are, Genesis Mining have announced they’ll register their securities offering with the SEC and operate legally in the US.

…

Nah, this is crypto baby. [Continue reading…]

TradeNetCoin provide no information on their website about who owns or runs the business.

The TradeNetCoin website domain (“tradenetcoin.io”) was privately registered on December 22nd, 2017.

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…]

Cashbery launched about a year ago and name Artur Vardanyan (Артур Варданян) as Chairman of the Board.

According to Vardanyan’s corporate bio;

in the past (he) held position of the head of the credit department and the deputy chief of the economic security service in one of the largest Russian banks.

Multiple incorporation documents are provided on the Cashbery websites, mostly in Russian.

There is the token UK incorporation for “Cashbery Limited” though.

Vardanyan (right) is listed as Cashbery Limited’s sole Director, however he’s cited as a UK resident.

The address provided for Cashbery Limited and Vardanyan is a random serviced office address in London.

So if that’s any indication, the rest of the incorporation documents are meaningless.

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

Possibly due to language-barriers, I wasn’t able to verify any external information on Vardanyan.

He does appear to be an actual person though and appears (or whoever is portraying him) in multiple Cashbery promotional videos.

Taking into consideration the native language of the Cashbery website being Russian, all of the company social media accounts using Russian, Russia being the top source of traffic to the Cashbery website (56%, Alexa) and Russian incorporation documents provided, it’s highly likely that Cashbery is being operated from within Russia itself.

Read on for a full review of the Cashbery MLM opportunity. [Continue reading…]

Back in February Russian authorities arrested Pavel Krymov at the behest of Kazakh authorities.

Krymov is believed to be behind the Questra World, Atlantic Global Asset Management, QW Lianora Swiss Consulting and Five Winds Ponzi schemes.

Following a hearing earlier this week, it has been confirmed Krymov will be extradited to Kazakhstan. [Continue reading…]

Frank Edward Calabro Jr., one of the USI-Tech Ponzi scheme’s top investors, is the subject of an ongoing investigation by North Carolina authorities.

In conjunction with a securities fraud cease and desist issued on March 8th, authorities raided Calabro Jr.’s Guilford County home on March 9th. [Continue reading…]