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…]

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…]

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…]

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…]

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…]

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…]

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…]

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…]

At a recent OneCoin event held in Argentina, Konstanin Ignatov has confirmed OneCoin will not be going public on October 8th. [Continue reading…]

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…]