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After his arrest in 2023 Jason Cardiff was granted bail, secured by a $500,000 appearance bond. Following Cardiff’s failure to return to the US as ordered last month, the DOJ has now moved for forfeiture of Cardiff’s bond. As explained by the DOJ in their February 3rd bond forfeiture motion; In January 2025, the Court…
Blessings In No Time co-founders Marlon and Lashonda Moore have pled guilty to related criminal charges. Plea agreements were filed under seal on January 16th. In the agreements the Moores (right) each pled guilty to one count of money laundering. The court accepted the Moores’ respective guilty pleas on January 23rd but defer[red] acceptance of…
Innov8tive Nutrition has filed for Chapter 11 bankruptcy. In a January 31st petition filing Innov8tive Nutrition disclosed it had between $100,001 to $500,000 in assets but also the same range in liabilities. Innov8tive Nutrition is owned by LaCore Enterprises. The company launched in 2016 under the leadership of Heidi and Ken Whitehair. Dave and Barb…
Sebastian Greenwood and Mark Scott have lost their respective OneCoin criminal sentencing appeals. OneCoin co-founder Sebastian Greenwood (right) was sentenced to twenty years in prison in September 2023. Greenwood (right) filed an appeal against the sentence in November 2023. OneCoin money launderer Mark Scott was sentenced to ten years in prison in January 2024. Scott…
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…
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…
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…