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Despite the Australian Securities and Investment Commission (ASIC) issuing two fraud warnings, a group of die-hard investors continue to promote Auratus and Billionico. Today we take a look at how Australian investors are violating ASIC’s Auratus and Billionico fraud warnings. Most of the Australian Auratus and Billionico promoters are leftovers from the collapsed GSPartners fraudulent…
OakSmart has received a securities fraud warning from New Zealand’s Financial Markets Authority. As per the FMA’s December 19th warning; The FMA has been made aware of online webinars hosted by Oak Smart promoters in New Zealand. Oak Smart is not registered on the Financial Service Providers Register to provide financial services in New Zealand….
Josip Heit has stepped from from GSB Gold Standard Corporation’s board of executives. In Heit’s place is Rustam Shoykhet, a name most participants in GSB’s investment schemes have likely never heard of. Heit, a convicted fraudster, took great pains to constantly remind people he was “Chairman of the Board”. That mostly ended when Heit withdrew…
Glofen fails to provide ownership or executive information on its website. Glofen’s website domain (“glofen.com”), was first registered in 2019. The private registration was last updated on October 30th, 2024. In an attempt to appear legitimate, Glofen provides registration details for Ekonomitjänst G.Löf. Ekonomitjänst G.Löf was purportedly registered in 2001. This obviously predates Glofen, meaning…
Sentencing of three BitClub Network scammers have been continued to February 2025. Jobadiah “Joby” Weeks sentencing is scheduled for February 6th, 2025 Joseph “Joe” Abel’s sentencing is scheduled for February 4th, 2025 Silviu Balaci’s sentencing is schedule for February 20th, 2025 BitClub Network sentences have been continually delayed since 2021. After rejecting a plea deal…
OneCoin money launderer William Morro has been sentenced to one year probation. Morro’s sentence was handed down on October 18th, following a guilty plea entered in April 2024. In addition to probation, Morro (right) was also fined $2000. As per his indictment, Morro laundered around $41.2 million for OneCoin in 2016. Morro knowingly execute[d] ……
Ontario’s Capital Markets Tribunal has handed down a $2.5 million fine to NovaTech FX and Cynthia Petion. CMT’s fine was ordered on December 3rd and follows the finding that NovaTech FX and Petion violated Ontario securities law back in July. Specifically, NovaTech FX and Petion have been ordered to pay: a $2.5 million administrative penalty;…
Robex AI launched in 2023 as a fraudulent investment scheme that represented it was based out of the UK. Marketing suggested Robex AI also had ties to Dubai, the MLM crime capital of the world. Robex AI originally solicited $25 to $5000 investments on the promise of a 500% ROI. With no verifiable source of…
Despite being promoted, as far as I know DEFI Money Club doesn’t yet have a website. Or if it does, it’s not being shared with the public. Why the secrecy? On November 16th, 2024, serial scam promoter Sal Khan published a YouTube video citing Daniel Pacheco as DEFI Money Club’s CEO. In addition to CEO,…
Following on from Ageeon’s collapse on December 17th, scammers behind the Ponzi have initiated a recovery exit-scam. On December 26th, 2024, Ageeon sent out a communication advising withdrawals would remain disabled (investors are being strung along with promises of “delayed withdrawals”). 24 hours later Ageeon has also launched a “Premium Account” recovery exit-scam. Instead of…