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OakSmart has received a securities fraud desist and refrain order from California’s Department of Financial Protection and Innovation (DFPI). As per DFPI’s December 2nd issued order; Beginning at least as early as March 2024, OakSmart offered and sold securities in the form of investment contracts in California through general solicitations on its website. The Packages…
Newcrest Limited fails to provide verifiable ownership or executive information on its website. While a a list of purported executives is provided on Newcrest Limited’s website, none of them exist outside of the company’s own marketing. Newcrest Limited’s website domain (“newcrest-limited.com”), was privately registered on September 3rd, 2023. Interestingly, Newcrest Limited’s website points to Terms…
TTK fails to provide ownership or executive information on its website. TTK operates from three known website domains: ttkal.com – privately registered in June 7th, 2024 ttkappl.com – registered with bogus details on June 4th, 2024 app.ttkcorp.org – privately registered on February 6th, 2024 On its websites TTK represents it is based out Colorado in…
Disgraced MLM veteran Holton Buggs is shamelessly challenging the CFTC’s request for a Traders Domain preliminary injunction. Buggs, who is alleged to have misappropriated millions of dollars through Traders Domain, is the only defendant challenging proceedings. As per the CFTC, Buggs personally recruited “at least 517” investors, who together invested “no less than $54 million”…
QUA AI Bot fails to provide ownership or executive information on its website. QUA AI Bot’s website domain (“usdtquaaibot.com”), was privately registered on November 11th, 2024. QUA AI Bot has already attracted the attention of financial regulators. The Central Bank of Russia issued a QUA AI Bot pyramid fraud warning on December 5th, 2024. As…
Around 50,000 Indian investors have lost a reported $8.8 million USD to the collapsed RGA “click a button” app Ponzi. As reported by the Deccan Chronicle on December 13th; Approximately 50,000 people from the district invested ₹75 crore in the app alone. Police investigations revealed that around 10,000 people had invested ₹9.5 crore in the…
Marco A. Ruiz Ochoa has settled civil iComTech fraud charges with the CFTC. As per the terms of the settlement, Ochoa is subject to a permanent injunction prohibiting further Commodities Act violations and anything to do with registered trading; and jointly liable for $1,098,920 in restitution. iComTech was an MLM crypto Ponzi launched in 2018….
KlixGlobal fails to provide ownership or executive information on its website. In fact as I write this, KlixGlobal’s website homepage is nothing more than an an affiliate log in/sign up form: KlixGlobal’s website domain (“klixglobal.net”), was privately registered on September 5th, 2024. The majority of KlixGlobal marketing available is from Indians. As of November 2024,…
Puma Invest fails to provide ownership or executive information on its website. Puma Invest’s website domain (“pumainvest.vip”), was registered with bogus details on November 27th, 2024. Of note is Puma Invest’s website domain being registered through the Chinese registrar Alibaba (Singapore). Puma Invest has already attracted the attention of financial regulators. The Central Bank of…
QNet, Oriflame and and fifteen MLM companies have received fraud warnings from India’s Central Consumer Protection Authority (CCPA). As reported by MoneyLife on December 13th; The Central Consumer Protection Authority (CCPA) has issued notice to 17 entities that were found violating Consumer Protection (Direct Selling) Rules, 2021. Of these, 13 entities are currently under investigation…