Your Gateway to Global Insights
Forcount Ponzi scammer Antonia Perez Hernandez has been sentenced to 30 months in prison. In addition to spending two and a half years in prison, Hernandez (right) was also ordered to forfeit $231,709. As part of her January 28th judgment, Hernandez will surrender to the Bureau of Prisons by April 27th to begin her sentence….
In what most certainly appears to be a reached settlement, two Eaconomy lawsuits alleging fraud have been voluntarily dismissed. Hassan Mahmoud filed suit against ex-wife Candace Ross and My Daily Choice owner Josh Zwagil on January 21st, 2025. Mahmoud’s lawsuit was voluntarily dismissed on February 24th, 2025. Ross and Zwagil filed suit against Mahmoud on…
Following contempt proceedings initiated against him, Alejandro Santiestaban, aka Alex Santi, has been ordered to cooperate with the Traders Domain Receiver. Santi will also foot half the Receiver’s legal costs in getting him to follow the court’s orders. As per a filing from the Receiver in the lead up to the order; The Defendants assert…
Craig Grant has listed his BitConnect villa on AirBNB. As per the listing above, which is live, Grant’s BitConnect villa is located in Spring Garden, Jamaica. This villa in Cockpit Country offers a peaceful atmosphere, surrounded by mountains and accessible via a private road. It features two en-suite rooms, kitchen, laundry facilities, and Wi-Fi. A…
A Grand Jury has indicted Profit Connect founder Brent Carson Kovar. Kovar, a Nevada resident, was indicted on February 12th and arrested on February 13th. Profit Connect was an MLM crypto Ponzi launched in 2020. The scam was originally co-founded by Eddie Kona and Kovar, however Kona died in May or June 2021. A month…
Romanian authorities have raided the offices of CryptoData, a crypto development firm co-founded by Ovidiu Toma and Bogdan Mărunțiș. Toma is a serial fraudster tied to multiple MLM crypto Ponzi schemes. As reported by Gandul on February 5th; DNA searches CryptoData, a company owned by Ovidiu Toma. Prosecutors seize documents, phones and computers from the…
Juan Caminero, aka John Caminero, has settled Profit Connect fraud with the Profit Connect Receiver. As per a January 22nd filed proposed settlement, Caminero will pay back $10,500. The Receiver’s investigation into Caminero revealed he received $32,354 from Profit Connect. Upon further investigation, the Receiver contends that the Caminero funds were sent by Profit Connect…
Generation Zoe founder Leonardo Cositorto has been sentenced to 12 years in prison. A Goya court handed down Cositorto’s sentence earlier today, following a guilty verdict last Thursday. In handing down its sentence, the court cited Cositorto (right) as an “ideologist behind a criminal conglomerate”. This tracks with Costitorto showing no remorse about the financial…
Niolic fails to provide verifiable ownership or executive information on its website. Niolic presents its CEO as “John Lamb”: Lamb doesn’t exist outside of Niolic’s own marketing. This is because Lamb is represented by an AI-generated avatar. Analysis of Niolic marketing videos featuring Lamb reveal janky movements and an AI robodub. Other presented Niolic executives…
Trent Staggs is and has been the mayor of Riverton, Utah since 2018. In what is potentially an abuse of office with respect to conflicts arising from verifiable securities fraud, Staggs is also a member of T7X’s Board of Directors. In his capacity as Mayor of Riverton, Staggs appeared on a Trusted Smart Chain marketing…