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Tiber River screws distributors out of ultimate fee test

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Tiber River introduced it was abandoning its MLM enterprise mannequin final month. Tiber River distributors have been nonetheless capable of generate gross sales all through January, with remaining fee checks going out this month. On February 14th Tiber River instructed distributors it was screwing them out of their remaining commissions. As per the “vital communication” …

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Armen Temurian sued by CFTC for Vista Community $7 mill Ponzi

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Vista Community and proprietor operator Armen Temurian have been sued by the CFTC for commodities fraud. The CFTC alleges, amongst different issues, that Vista Community was a $7 million greenback plus Ponzi scheme. The CFTC’s Criticism was filed on February fifteenth and names Armen Temurian and Vista Community Applied sciences as defendants. As alleged by …

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Frode Jorgensen flees Thailand, claims hitmen are after him

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Following Daxio’s collapse, proprietor Frode Jorgensen has fled Thailand. In a latest replace despatched out to his victims, Jorgensen additionally claims employed hitmen are after him. I wish to preface this text by stating Frode Jorgensen is a serial scammer. His phrase means nothing and he has no credibility. I’m overlaying Jorgensen’s excuses so there’s …

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Batched used to launder thousands and thousands from The Merchants Area

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Following on from Oscar Garcia blaming Frank DiCrisi for Batched’s collapse, in a current authorized submitting Garcia claims tens of thousands and thousands of {dollars} has been was additionally laundered. For reference, the events on this story are: Batched – rebranding of the Uulala Ponzi scheme (late 2021) Oscar Garcia – proprietor and CEO of …

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GoArbit securities fraud alert issued by Argentina

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GoArbit has obtained a securities fraud alert from Argentina’s Comision Nacional de Valores. As per the CNV’s February fifteenth alert; GoArbit and Máximo Martínez will not be registered as brokers within the corresponding Registry of this CNV. Passive funding alternatives supplied by MLM corporations represent securities choices. This requires registration with monetary regulators in each …

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Dave Jordan sells Valentus off to formulator Paul Pearson

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Valentus founder and CEO Dave Jordan has bought the corporate to Paul Pearson. How a lot Pearson purchased Valentus for has not been disclosed. When precisely the sale befell is unclear however high distributors have been knowledgeable at Valentus’ Sioux Falls headquarters earlier this month. The remainder of Valentus’ distributor base acquired a “firm replace” …

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Cancri Jewellery scammers try to reboot collapsed Ponzi

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Scammers behind Cancri Jewellery try to reboot the collapsed Ponzi scheme. Cancri Jewellery is an jap European Ponzi scheme. The unique Ponzi ruse was a jewellery storefront in Turkey. Beneath the guise of buying jewellery, Cancri Jewellery associates invested euros on the promise of weekly returns. Cancri Jewellery collapsed in late 2022, simply earlier than …

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Validus ordered to stop enterprise operations in New Zealand

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Validus and its promoters have been ordered to stop all enterprise operations in New Zealand. The Monetary Markets Authority’s interim cease order was issued on February sixteenth. As per the FMA’s order, Validus and its promoters are prohibited from making presents, points, gross sales or different acquisitions or disposals of economic merchandise promoted below the …

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