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Following negotiation with the DOJ, iComTech founder David Carmona has been ordered to pay $789,218 in restitution. A separate order has also set iComTech forfeiture at $3.7 million. On January 28th the Southern District of New York court ordered Carmona pay $789,218.94 in restitution to iComTech victims. With respect to restitution, Carmona is being held…
Former Monat President Stuart MacMillan and owners Luis and Rayner Urdaneta have settled the legal dispute against them. As per a January 27th filed Joint Stipulation; Plaintiff, Stuart A. MacMillan, and Defendants, Monat Global Corp., Rayner Urdaneta, and Luis Urdaneta, by and through their undersigned counsel, hereby dismiss this action, including the pending claims and…
DAO1 has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA). As per the FMA’s January 30th warning; The FMA has been made aware of online webinars promoting the launch of DAO1 and its associated products. DAO1 is not registered on the Financial Service Providers Register to provide financial services or products…
South African authorities have recovered R475,000 from Chinese “click a button” app Ponzi scammers (~$25,640 USD). Ant Ranch was a app Ponzi that saw investors “click a button” to buy farm animals. The animals generated imaginary “yield” daily, which was then sold to imaginary buyers for a withdrawable daily ROI. Yes the premise is incredibly…
Back in October 2024 someone registered the domain “behindmlmreviews.com”. In or around late November, a poor attempt at cloning BehindMLM’s website was attached to the domain. Now scammers behind the site are charging $500 for fake BehindMLM reviews – and neither the domain registrar or hosting company are doing anything about it. The BehindMLMReviews website…
Jason Cardiff has disobeyed court orders instructing him to return to the US by January 19th. In the lead up to Cardiff’s potential fugitive status, the DOJ executed a previously filed extradition warrant. For context, Cardiff was arrested on fraud charges pertaining to Redwood Scientific Technologies in November 2023. Cardiff is also the owner of…
Eaconomy and co-owner Hassan Mahmoud has filed suit against My Daily Choice owner Josh Zwagil. In a Nevada suit filed on January 21st, Mahmoud claims Zwagil’s company Creative Brands attempted a “hostile takeover” of Eaconomy. Editor’s Note: For some reason Zwagil is incorrectly cited as “Zwigal” throughout Mahmoud’s suit. To keep things simple I’ve corrected…
On January 26th BehindMLM published its Vyb review, identifying it as a recruitment-driven pyramid scheme. Over the 48 hours since: Vyb co-owner and CEO Aundray Russell nuked his FaceBook account Vyb lost its payment processor Vyb’s website has been deleted and Vyb co-owner Megan Lynch held a “meltdown” webinar, leaning heavily into religious affinity fraud…
Eaconomy co-founder Candace Ross has sued Hassan Mahmoud. Ross, who is also Mahmoud’s ex-wife, has accused him of “fraud and mismanagement”. Ross and Mahmoud launched Eaconomy back in 2019. From Ross’ January 24th filed Complaint; Eaconomy’s original members included Ross and Mahmoud, as well as a third member that left the company in or about…
Blue Ocean Society fails to provide ownership or executive information on its website. By its own admission, Blue Ocean Society intentionally withholds crucial due-diligence information from consumers: Blue Ocean Society (BOS) is an exclusive, invitation-only private wealth club that brings together visionary individuals seeking extraordinary opportunities for growth and prosperity. We curate access to blue-chip…