Germany Issues Warning About Passive Securities Fraud
admin Passivo is currently being investigated by BaFin, the top financial regulator in Germany. According to a fraud warning released by BaFin on August 9th, Passivo is providing banking and financial…
Hidden or Sold: Debt Box’s Owners Liquidate Frozen Assets
According to a motion seeking a contempt order and sanctions, the owners of Debt Box are allegedly hiding and trying to sell frozen assets. Additionally, these owners are not cooperating…
iX Global’s securities fraud reaches $110 million
The combined securities fraud of iX Global and Debt Box has now reached over $110 million, an increase from the initial $49 million that the SEC sued the companies for…
Collapse of eBayShop “click a button” Ponzi Scheme Leaves Devastating Impact on Fiji
The collapse of the eBayShop "click a button" app Ponzi scheme has had a significant impact on Fiji. In response, the government has taken action to address the situation. eBayShop…
Washington Warns of COS Fraud
The Washington State Department of Financial Institutions has released a warning regarding the fraudulent cryptocurrency trading platform called COS. The department took action following a consumer complaint. COS is a…
Dismissal of CFTC’s Fundz Complaint, Amended Complaint Expected
The initial Complaint against Fundsz by the CFTC has been dismissed by Judge Berger, who deemed it an "impermissible shotgun pleading." However, this dismissal was based on technicalities rather than…
Scammers involved in Bolivian Pay Diamond scheme apprehended in Argentina.
Two individuals involved in the Pay Diamond scam have been apprehended in Argentina. The mother and son, Brian Gutierrez (27) and Nilda Coque (47), were arrested in Buenos Aires based…
Three Promoters from IM Mastery Academy Face Charges in Poland
Three individuals promoting IM Mastery Academy in Poland have been charged with promoting a pyramid scheme, according to the Office of Competition and Consumer Protection (UOKiK). The charges were filed…
Investigation Launched in Poland: iGenius, DreamTrips, and Jifu Under Scrutiny
The companies iGenius, DreamTrips, and Jifu are currently being investigated by the Office of Competition and Consumer Protection (UOKiK) in Poland. This investigation is specifically focused on determining if these…
Richard Maike, formerly of Infinity2Global, reportedly released by DOJ
A reader recently received an unusual email from the Department of Justice (DOJ) regarding Richard Maike, the founder of Infinity2Global. The email stated that Maike had been released from federal…