A few days ago we reviewed the USFIA MLM business opportunity, concluding it to be yet another MLM cryptocurrency Ponzi points scheme.

As part of our review, we noted the appearance of John Wuo on stage at USFIA GemCoin events:

John Wuo is a prominent politician in Arcadia City, California. Having first been elected to City Council back in 2002, Wuo has since served as Mayor for three separate terms.

Following publication of our USFIA review, local media in Arcadia have picked up the story and investigated Wuo’s apparent involvement. [Continue reading…]

August 2014 – Massachusetts Securities Division begin investigating EmGoldex

Ocober 2014 – Civil fraud charges filed against top US EmGoldex investors

February 2015 – Philippines SEC issues regulatory warning against EmGoldex

April 2015 – Central Bank of Malaysia places EmGoldex on investment blacklist

June 2015 – Dubai Multi Commodities Centre warn EmGoldex not registered to trade in gold in the UAE

As the regulatory noose continues to tighten around EmGoldex’s anonymous owner(s), the scheme has opted for a classic out of the scam 101 playbook.

As of about a week ago, EmGoldex changed its name to Global InterGold. [Continue reading…]

Back when we first reviewed Global Coin Reserve, it was little more than a continuation of Robert Corriveau’s previous matrix-based recruitment schemes.

That was back in September 2014. What with Corriveau ousted earlier this year, rumblings of the GCR coin launching and a name change to Global Currency Reserve, we figured it was time to revisit the GCR opportunity. [Continue reading…]

A few weeks ago information surfaced about an upcoming Unascos opening gala, to be held in Melbourne, Australia on August 1st. A “signing ceremony” for an unnamed Australian nickel mine was also advertised to take place the day after.

The announcement, purportedly from uFun Club management, was billed as an “Incentive Australia Trip“.

Originally planned to take place between July 31st and August the 4th, a new communication advises a delay until October. [Continue reading…]

There is no information on the Adikas website indicating who owns or runs the business.

The Adikas website domain (“adikas.us”) was registered on the 24th of February 2015, with an “Adika Michael” (below right) listed as the domain owner. An address in Oyo, Nigeria is also provided.

Far be it from me to comment on stereotypes, but Michael Adika’s Facebook profile reads like something you’d expect from someone in Nigeria:

7th August, 2014: Hello, I will like to help those who want to help them self now. I have a per day income software, the software pay $100 daily.

19th September, 2014: This is the Best way to earn $50 without investing, or reffering (sic). It only takes 2-3 hours to earn.

29th November, 2014: Turn $5 to $10 within 2 hours payment accepted: Payza, Ego pay, Perfert (sic) Money, Solidtrustpay.

16th December, 2014: Part Time Work For Serious People Earning Potential = $ 5000 per month. Steps 1. Get $5…

16th December, 2014: JOB VACANCY FOR PART TIMERS AND FULL TIMERS.

JOB DETAILS: Copy and paste Username and Emails

27th December, 2014: DO YOU KNOW YOU CAN EARN $500 DAILY WITH THIS THREE SYSTEM ? NO BE JOKE OO, ITS REAL.

January 19th, 2015: BEST DOUBLER PACKAGE

Turn $1.50 to $10 above Hourly

January 24th, 2015: <<<====Double your $1.50 Hourly====>>>

Let me teach you how to Double $1.50 Hourly, you only Needs $1.50 to get the software and the Set up.

February 16th, 2015: Lets Teach you to Earn $200 per Day Just with $3.

Advertisements for Adikas first appeared on Adika’s profile on the 6th of March, 2015.

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

Last month Amazon removed the popular plugin Kodi from its app store.

When combined with third-party plugins, Kodi is easily the platform of choice among stream box sellers.

Now the crackdown continues, with news of UK police raiding sellers of stream-capable piracy boxes. [Continue reading…]

At an initial appearance hearing held yesterday in Charlotte, North Carolina, Kristine Johnson formally plead guilty to one count of wire fraud.

The court accepted Johnson’s plea, with sentencing still to come. [Continue reading…]

Not too happy with being detained after posting bail in the visa fraud case against him, Sann Rodrigues has requested the court order his release. [Continue reading…]

With a July 2nd show cause deadline looming, Troy Barnes has written to the court in an attempt to explain himself.

Barnes fell foul of  the court for having thus far failed to participate in the SEC’s civil case against him.

As such a warning was issued directing Barnes to show cause by July 2nd. In his response, the court expected Barnes to explain why he was not present at a June 3rd status conference, and why he should not be held in contempt.

In a handwritten letter dated June 22nd, Barnes submitted his response. [Continue reading…]

At a bond hearing last Friday Sanderley Rodrigues coughed up $200,000 for bail.

Then, if reports out of Brazil are to be believed, on Monday Rodrigues was promptly arrested again.

Ouch… [Continue reading…]