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In one of the most shocking financial scandals of the year, MinerX — a company that recently gained attention in online investment communities — has now been unmasked as the latest front for a massive international scam operation. At the center of it all is DSJ, a well-known fraudster across Asia, with a long and…
A wave of outrage is sweeping through the crypto community as MinerX — once presented as a promising Bitcoin mining project — is now being exposed as a carefully disguised scam. Originally, MinerX promoted itself as an innovative mining solution. Investors were sold on the idea of a plug-and-play “mining booster” — a device no larger…
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…
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…
Douver Torres Braga, 48, has been indicted on Trade Coin Club related criminal charges. Braga owned Trade Coin Club but hid ownership by posing as its Master Distributor. Trade Coin Club, or TCC, was an MLM crypto Ponzi that launched in late 2016. Following initiation of a “TCoin” exit-scam in late 2017, Trade Coin Club…
Generation Zoe Ponzi founder Leonardo Cositorto has been found guilty of fraud and criminal association. Cositorto’s verdict was handed down approximately an hour or so ago in court. Upon hearing the verdict, Cositorto rose to his feet, pointed to the judge and started shouting. After a few seconds Cositorto (right) was promptly ejected from the…
The GSB settlement claims portal is live. From today, GSPartners victims from thirty-four US states and six Canadian provinces can file a claim. Under the terms of the settlement, GSB and owner Heit (right) have agreed to refund GSPartners victims in full. This includes any money invested in any of GSB’s GSPartners schemes, dating back…
James C. Hill’s Beyond Infinity MLM crypto Ponzi has collapsed. In December 2024, the scam was rebooted as Golden Tech Consulting. As at time of publication Beyond Infinity’s website has been disabled: Beyond Infinity Club promoters began parroting news of a reboot in December 2024: Golden Tech Consulting’s website domain (“goldentechconsulting.com”), was privately registered on…