February 2025

BitConnect’s Satish Kumbhani tracked to Ahmedabad, Gujarat

Blogs / By

BitConnect founder and wished fugitive Satish Kumbhani has been tracked to Ahmedabad, a metropolis within the Indian state of Gujurat. As reported by the Financial Occasions on February 14th; following an investigation into crypto transactions, the Enforcement Directorate was in a position to seize crypto “belongings price ₹1,646 crore” (~$190 million USD). Kumbhani, 36, will …

BitConnect’s Satish Kumbhani tracked to Ahmedabad, Gujarat Read More »

Etherforce Assessment: Twelve-tier matrix cycler Ponzi

Blogs / By

Etherforce fails to offer possession or govt data on its web site. Etherforce’s web site area (“etherforce.io”), was privately registered on November ninth, 2024. Some registration particulars are seen, such because the nation code for Malaysia. Given the registrant’s group is “bnbchain” although, the authenticity of the main points is questionable. SimilarWeb tracked ~2700 month-to-month …

Etherforce Assessment: Twelve-tier matrix cycler Ponzi Read More »

Renting robots ruse Ponzi scheme

Blogs / By

DNX Group fails to supply possession or government particulars on its web site. DNX Group operates from two identified web site domains: dnxgroup.com – registered in January 2023, non-public registration final up to date on December twenty fifth, 2024 dnxgroup.on-line – privately registered on December twenty seventh, 2024 From this we are able to surmise …

Renting robots ruse Ponzi scheme Read More »

The Merchants Area civil fraud trial scheduled for June 2026

Blogs / By

The Merchants Area civil fraud trial has been scheduled for June fifteenth, 2026. Different latest updates within the CFTC’s The Merchants Area case embody: solutions to the CFTC’s Grievance filed by Alejandro Santiestaban, Gabriel Beltran, Holton Buggs, Michael Simms, Archie Rice, John Fortini and Robert Collazo on February seventh; Entry of Default recorded in opposition …

The Merchants Area civil fraud trial scheduled for June 2026 Read More »

iComTech’s David Brend sentenced to $195,305 in forfeiture

Blogs / By

Convicted iComTech Ponzi scammer David Brend has been sentenced to $195,305 in forfeiture. Following his conviction, Brend (proper) was sentenced to 10 years in jail in December 2024. On the time of sentencing, the court docket ordered restitution however specified “the ultimate quantity” can be set at a later date. Following a proposed forfeiture order …

iComTech’s David Brend sentenced to $195,305 in forfeiture Read More »

DAO1 securities fraud warning from Australia

Blogs / By

DAO1 has acquired a securities fraud warning from the Australian Securities and Investments Fee (ASIC). As per ASIC’s February 2nd, 2025 DAO1 warning; [DAO1] is prone to offer monetary providers to Australian shoppers. It doesn’t maintain an Australian monetary providers licence or Australian credit score licence from ASIC, and isn’t authorised by a licensee. Virtually all suppliers of economic …

DAO1 securities fraud warning from Australia Read More »