Following settlement of fraud fees associated to operation of a number of MLM Ponzi schemes, financial reduction has been ordered in opposition to defendants Dan Putnam and Jean Paul Ramirez Rico. The SEC sued Ramirez, Putnam and Angel Rodriguez in mid 2020. The federal regulator accused the trio of defrauding shoppers out of $12 million. Particular …
Putnam & Ramirez SEC fraud judgment tops $16 mill Read More »
TeslaQuant fails to offer possession or government info on its web site. TeslaQuant’s web site area (“teslaquant.com”), was registered with bogus particulars on September 4th, 2024. Of be aware is TeslaQuant’s web site area being registered by way of the Chinese language registrar Alibaba (Singapore). TeslaQuant has already attracted the eye of monetary regulators. The …
Quantitative Buying and selling “click on a button” Ponzi Read More »
Pitrex fails to supply possession or govt info on its web site. Pitrex operates from two recognized web site domains: pitrex.professional – privately registered on April thirtieth, 2024 (major web site, app funnel) pitsp.com – first registered in 2016, non-public registration final up to date on January ninth, 2024 (app) In an try to look …
Quantitative buying and selling “click on a button” Ponzi Read More »
Over time BehindMLM has printed three separate Seacret Direct evaluations. The third and newest Seacret Direct overview was printed in August 2020. Constant throughout all of BehindMLM’s evaluations has been Seacret promoting merchandise rooted in Lifeless Sea salts and minerals. Seacret Direct nonetheless sells these merchandise however they aren’t the core of the corporate any …
Seacret Direct rebrands as Viago, Membership Viago Read More »
Mining Capital Coin’ Luiz Carlos Capuci is in a little bit of a pickle. Attributable to parallel felony proceedings kicking off in Brazil, Capuci claims he’s unable to pay US attorneys representing him in an SEC fraud case. Capuci’s lack of ability to fund illustration prompted the agency Wellman & Warren LLP to withdraw on …
Luiz Capuci cannot pay US attorneys, trial in Brazil Read More »
Michael Shannon Sims, aka Mike Sims, has settled SAEG Ponzi costs with the CFTC for $250,000. The CFTC filed swimsuit in opposition to Sims in January 2023 over his participation within the collapsed SAEG Ponzi scheme. As alleged by the CFTC, Sims facilitated cash laundering of SAEG Ponzi sufferer funds. As a part of his …
Jessica Ponkey’s proposed LuLaRoe class-action has been dismissed for a second time, this time with prejudice. Ponkey filed swimsuit in opposition to LuLaRoe in March 2021. In her authentic class-action Criticism, Ponkey alleged LuLaRoe was “an illegal, fraudulent pyramid scheme”. Ponkey’s class-action was first dismissed in April 2022 following the end result of ordered mediation …
Ponkey LuLaRoe class-action dismissed for 2nd time Read More »
Following certificates of default entered in opposition to Craig Grant and Trevon James in late August, the SEC has filed proposed orders in opposition to the BitConnect Ponzi promoters. The SEC’s proposed order was filed on September sixteenth. The order, if granted, permits for Grant and James to “present trigger” as to why default judgment …
SEC reveals $6.1 mill Craig Grant & Trevon James judgments Read More »
Francisco Story has settled SAEG Ponzi prices with the CFTC for $125,000. The CFTC filed go well with in opposition to Story in January 2023 over his participation within the collapsed SAEG Ponzi scheme. As alleged by the CFTC, Story managed firms that had been used to laundering cash stolen by SAEG Ponzi victims. As a part …
Francisco Story settles SAEG fraud prices for $125,000 Read More »
Whereas BitConnect promoter Michael Noble settled the SEC’s fraud allegations towards him in 2021, disgorgement, curiosity and civil penalty quantities stay disputed. Looking for to finalize these quantities, the SEC filed a movement searching for financial aid towards Noble on September sixteenth. As specified by the SEC’s September sixteenth filed supporting memorandum; From June 2017 …
SEC seeks $731K from Michael Noble in BitConnect disgorgement Read More »
