Archives for News
The Direct Selling Association (DSA), some large multilevel marketing (MLM) companies, and their Congressional friends such as Representatives Moolenaar (MI) and Blackburn (TN) are again trying to give presents to investors and owners of MLM companies.
There has been a recent rash of lawsuits against MONAT. More than 500 complaints have been filed with the BBB and their BBB page is currently down for an update. In a recent class action lawsuit, MONAT has been compared to a pyramid scheme.
Shortly after being issued a Cease and Desist by the North Carolina Securities Division, Frank Calabro Jr.'s home has been searched and property has been seized. Frank was not at his home when it was searched. His whereabouts are unknown. Is he on the run?
Frank Calabro Jr. has promoted many different money making scams over the years including Zeek Rewards and Traffic Monsoon. The one that has finally landed him in the crosshairs of regulators is USI-Tech.
ICO scams are doing everything in their power to get you to give them your money. Bitcoiin is using the endorsement of Steven Seagal to get you to invest. I doubt Steven Seagal is the person you want to turn to for cryptocurrency investment advice.
Cryptocurrency mining pools are one of the latest scams that has been becoming popular. Power Mining Pool has been issued a cease and desist for their activities. Power Mining Pool claims that it is a decentralized pool that is not owned by any one person.
In a massive lawsuit, Nerium Master Distributors Mark and Tammy Smith have sued Nerium International and Jeff Olson.
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.”