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Two OmegaPro victims have received partially suspended prison sentences in France. As reported by Caroline Piquet in a January 31st paywalled article for Le Parisien; A 26-year-old salesman has been sentenced to five years in prison, three of which were suspended, after beating up a man he accused of ruining him in the alleged OmegaPro…
Mavie Global’s FinUp spinoff has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). As per the CNMV’s January 13th FinUp warning; The [CNMV] warns that FinUp is not authorised to provide the investment services and activities subject to the activity restrictionin accordance with the provisions of Article 129 of…
Nimbus Platform and its Syncord reboot have received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). A per the CNMV’s January 13th, 2025 warning; The [CNMV] warns that Nimbus Platform [and] Syncord [are] not authorised to provide the investment services and activities subject to the activity restriction in accordance with…
Skainet Systems’ drawn out collapse continues. Following withdrawal delays throughout December 2024 and incentivizing locking up funds for another six months last month, Skainet Systems is now demanding new investment. As per reports from investors, if a withdrawal request is made Skainet Systems is demanding new investment equal to 51% of an affiliates’ backoffice balance….
Skainet Systems has received a securities fraud warning from Germany’s BaFin regulator. In its warning BaFin cites both Skainet Systems and purported parent shell company Cermak LLC. As per Bafin’s January 22nd, 2025 warning; The financial regulator BaFin warns against offers from Cermak LLC. According to BaFin ‘s findings, the company offers banking transactions and/or financial services without a license on…
Indian authorities have made five arrests in connection to the Torres MLM Ponzi scheme. Torres was a jewelry themed MLM crypto Ponzi targeting Indians. The scam appears to have collapsed in the lead up to Christmas 2024. Torres’ Ponzi ruse was sham jewelry stores set up in India tied to Ukrainian scammers. If you haven’t…
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…