Mike Sims’ assets seized by SAEG Receiver
admin Following an asset deposition in May, the SAEG Receiver has started seizing assets related to fraud. The SAEG case, also referred to as the Yas Castellum case, involves corporate entities…
Request for Time Served in Sebastian Greenwood’s Case by His Legal Counsel
Sebastian Greenwood, co-founder of OneCoin, is set to be sentenced on September 12th. In preparation for his sentencing, Greenwood's lawyer filed a Sentencing Memorandum on August 29th. The memorandum, although…
OSC looks to penalize NovaTech FX and seek disgorgement
The Ontario Securities Commission (OSC) has filed a Statement of Allegations with Canada's Capital Markets Tribunal. The statement requests the tribunal to certify that NovaTech FX and its owner CEO…
Dismissal of Charles Scoville’s Indictment for Wire and Tax Fraud
Charles Scoville's Traffic Monsoon indictment has been dismissed by the court. The dismissal came after the Department of Justice (DOJ) filed a motion to dismiss the case on August 22nd,…
Clynton Marks’ appeal to dismiss “MTI was illegal” ruling is denied
Clynton Marks, along with Henri Honiball and Cecil Rowe, have filed an appeal against the ruling of the High Court of South Africa which declared Mirror Trading International as an…
California Issues Three Fraud Warnings Related to Jan Gregory Ponzi Scheme
Jan Gregory, a Canadian national, has been involved in three MLM crypto Ponzi schemes that have recently received fraud warnings from California's Department of Financial Protection and Innovation (DFPI). The…
Eddie Alexandre Ordered to Pay $213 Million in EminiFX Restitution
Eddie Alexandre has been ordered to pay $213,639,133 in restitution to the victims of EminiFX. The civil case against Alexandre by the CFTC has also been reopened. The final judgment…
Fraudulent Activities Alert: Russia’s Verse Network Involved in Securities Scam
Verse Network has received a securities fraud warning from the Central Bank of Russia. The warning, issued on August 2nd, states that Verse Network displays signs of being an illegal…
Administrator of E-Creator Ponzi Scheme Arrested as Click-a-Button Scheme Collapses
E-Creator was a Ponzi scheme in Zimbabwe that operated through a mobile app. The scheme involved creating fake product orders by simply clicking a button. After E-Creator collapsed, Zimbabwean authorities…
Plexus reaches $600,000 settlement in mail fraud case
Plexus Worldwide LLC has recently reached a settlement of $600,000 to resolve allegations of mail fraud. According to a civil case filed by the Department of Justice (DOJ), Plexus was…