Between the SEC suing it for securities fraud and Indian authorities arresting money launderers, iX Global’s original forex and crypto mining ruses are dead.

In an effort to continue violating US federal securities law, iX Global has announced a new NFT “rewards” grift. [Continue reading…]

In light of date errors made in presenting its case, the SEC has opted to voluntarily dismiss securities fraud proceedings against iX Global and Debt Box.

The revelation was made in a January 30th surreply filing, made in response to why the SEC shouldn’t be sanctioned. [Continue reading…]

Criminal charges were filed against HyperFund Ponzi promoter Brenda Indah Chunga on January 9th, 2024.

The previous month, Chunga, aka Bitcoin Beautee, signed a plea deal with the DOJ on December 17th.

Chunga has been charged with conspiracy to commit securities and wire fraud. This is acknowledged and accepted as fact in Chunga’s plea agreement. [Continue reading…]

Following unsealing of Rodney Burton’s HyperFund criminal case, details of his arrest have been made public.

While we knew Burton was arrested in Florida on January 4th, what we didn’t know is Burton was arrested at the airport… with a one-way ticket to Dubai. [Continue reading…]

Joseph Cammarata has had Final Judgment entered against him in his SEC case.

As per the January 23rd order, the former Investview CEO is up for $50.4 million in disgorgement. [Continue reading…]

Tradixis has received a pyramid scheme fraud warning from Russia.

As per the Central Bank of Russia’s January 29th warning, Tradixis exhibits “signs of a financial pyramid”. [Continue reading…]

HyperFund co-founder Sam Lee and promoter Brenda Indah Chunga have been charged by the SEC.

The SEC cites HyperFund as a ~$1.7 billion dollar Ponzi scheme. This tracks with BehindMLM’s HyperFund review, published back in 2021. [Continue reading…]

TranzactCard has allegedly been breached.

As per a January 28th post on BreachForums, a new user going by “Aleksey_Petrov” is selling 48,000 credit card numbers submitted to TranzactCard. [Continue reading…]

HyperFund co-founder Sam Lee and promoters Rodney Burton and Brenda Chunga have been indicted.

Lee, aka Xue Lee and Samuel Lee, has been charged with conspiracy to commit securities fraud and wire fraud.

Burton has been charged with conspiracy to operate an unlicensed money transmitting business and operating an unlicensed money transmitting business.

Chunga, who has already pled guilty, has been charged with conspiracy to commit both securities and wire fraud. [Continue reading…]

Collapsed MLM crypto scams Safir International, Success Factory and The Blockchain Era, have grouped together as Xera.

The reboot was announced on January 24th, and revealed at an in-person marketing event in Dubai. [Continue reading…]