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There has been a LuLaRoe Twitter storm that has been raging for some time about the changes they made to their Buyback program. Now a class action lawsuit has been filed over this Buyback program.
On October 10th, 2017 Colombia issued a warning for iMarketsLive. The iMarketsLive scheme has been spreading around the world. I have listened to recent iMarketsLive calls and their focus is recruiting people into their scheme. In my opinion, retail sales and investing are secondary to recruiting people into iMarketsLive.
An Initial Coin Offerings (ICO) is an unregulated means of crowdfunding via use of cryptocurrency, which can be a source of capital for startup companies. In an ICO a percentage of the newly issued cryptocurrency is sold to investors in exchange for legal tender or other cryptocurrencies such as Bitcoin. Since ICOs are unregulated, scammers have free rein to tell you anything to get your money. Don't let these scammers take advantage of you.
On September 21, 2017 police took down a Ponzi scheme based on a fake digital currency named Kriptacoin. The Kriptacoin operation began in January of 2017. The operators of this scam convinced people to join with false promises of income reached 1% per day.
The Salty Droid aka Jason Jones has recently gone to court on behalf of victims of the Herbalife scam: JEFF RODGERS, PATRICIA RODGERS, MICHAEL LAVIGNE, JENNIFER LAVIGNE, CODY PYLE, JENNIFER RIBALTA, IZAAR VALDEZ, and FELIX VALDEZ. The Salty Droid has a long history as a scam buster and has taken on the Herbalife scam with satire for many years. Now he and Mark Migdal & Hayden are taking them on in court.
There is a continuous stream of scam cryptocurrencies that are being created and promoted to people. One of them has just been shutdown in Ukraine. The Prosecutor General's Office together with the National Police uncovered an illegal scheme aimed at taking funds of individuals under the pretext of the introduction of a cryptocurrency.
It’s hard to pass up a job opportunity that promises a large income and the flexibility of working entirely from home. Especially when the opportunity appears at the top of your online search results and includes video testimonials of success stories, making it seem legitimate. The problem is, most of these job opportunities are scams and won’t deliver on their promises.
Michael Gehart a ViSalus distributor has sued ViSalus for operating an illegal pyramid scheme. He also alleges they allowed him to run an Amazon storefront that sold ViSalus products at wholesale prices. There are some very powerful claims in this lawsuit.
On July 20, 2017 the Italian CONSOB (Commissione Nazionale per le Società e la Borsa) or Italian Securities and Exchange Commission, suspended promotion of Questra World/Atlantic Global Asset Management from one of the top Facebook pages promoting this scam. This is similar to the action they took against another scam called Coinspace. CONSOB is taking an active role in shutting down the promotion of unregistered investments in Italy.