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The actual person behind the Atlantic Global Asset Management and Questra World scam has been difficult to pin down. Now Pavel Krymov has been arrested for being the creator of this scam.
Bitstrade claims to offer the general public an opportunity to invest in the “Bitstrade Investment,” described as an investment pool whereby it collects “multiple lower value investments and grouping them into one single HUGE investment using those funds to trade on the stock market, and generate outstanding returns.”
The SEC has started to act swiftly against initial coin offering (ICO) scams. ICOs are using celebrity endorsements to reel people in and take their money. AriseBank is the latest ICO to be taken down by the SEC.
Back in June of 2016 I warned people about International Markets Live (IML). Now more and more regulators are warning people to not participate in the IML scam. The latest warning comes from the Financial Services and Markets Authority (FSMA).
In a recent announcement, USI-Tech has let people know that they are delighted to continue to scam people in the USA and Canada out of their money. They have not figured out how they are going to pay you, but they are glad to take your money.
In a recent report on the worldwide investigation of OneCoin, it has been reported by capital.bg that Ruja Ignatova was NOT arrested in Germany.
In 2014, Lyoness was taken to court by the Australian Competition and Consumer Commission alleging that the Lyoness Loyalty Program constitutes a pyramid scheme. The Australian Competition and Consumer Commission failed in court. Now the Lottery Authority has shutdown Lyoness in Norway.
The FTC in their current "Business Guidance Concerning Multi-Level Marketing" explains what is a deceptive compensation structure that harms consumers. The problem is they do nothing to solve the problem. They are allowing the vast majority of MLM companies to continue to scam people out of their money with deceptive marketing. This needs to change.
Time has run out for the BitConnect scam here in the USA. There is a new sheriff in town and he is not taking any nonsense from cryptocurrency scammers.
Regulators in the USA are waking up to the financial danger of the USI-Tech scam. Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order for Dec. 20 against USI-Tech Limited.