Ethan Vanderbuilt

Archives for News

News

LuLaRoe Is Little More Than A Scam

Attorney General Bob Ferguson has announced a lawsuit against multi-level marketing business LuLaRoe and several of its “home office” executives, alleging that the company’s former bonus structure constituted a pyramid scheme. The lawsuit also asserts that LuLaRoe’s claims regarding sustainability, profitability and inventory refunds are unfair and deceptive.
Continue Reading
News

Fraudulent MLM Scheme QNET Busted By Cyberabad Police

QNET lured customers promising high returns if they became a part of its businesses including but not limited to cost-optimization, health and wellness, watches and jewellery, personal care and beauty, tour and education. Once a new member joins the chain through a promoter, he becomes an independent representative and gets complimentary items. The promoter, in return, gets a commission. While top-level members get good returns, new members are left with nothing.
Continue Reading
News

International Markets Live And Wealth Generators Sued By The CFTC

The Commodity Futures Trading Commission (CFTC) today issued Orders filing and simultaneously settling charges against eight unregistered entities and eight unregistered individuals that were offering foreign exchange (forex) and binary options to retail investors located in the United States. The entities included International Markets Live and Wealth Generators.  Two companies that I have warned you about.
Continue Reading
News

DasCoin Is Using Trademark Complaints On YouTube To Silence Their Critics

This morning I found out that DasCoin is using Trademark Complaints on YouTube to try to silence their critics. First they tried to silence me with a DMCA take down of my article about them, and now they are trying to use a Trademark complaint. Let's hope that they are unsuccessful.
Continue Reading
News

MOBE Update: Suitepay Escapes With Over $1.6 Million In Victims Money

In the Receiver's Initial Report about the MOBE scam, we find out that he has recovered over $8 million to date, and is expect to recover another $6.3 million later on.  We also find out that Suitepay a California-based payment processor has escaped with over $1.6 Million In MOBE money. The Receiver is investigating the matter, and may choose to file a criminal complaint.
Continue Reading
News

Morgan Johnson’s $54 Million Digital Altitude Judgment Suspended

Morgan Johnson of the Digital Altitude scheme that falsely claimed it would enable people to earn substantial income online, and Upside LLC used to process consumers’ credit card payments, are banned from selling business coaching programs and investment opportunities under settlements with the Federal Trade Commission.
Continue Reading
News

Digital Altitude Scam Can’t Be Reopened By The Receiver

Back in February, the FTC shutdown the Digital Altitude scam. The Receiver released their first report on the Digital Altitude scam in March. At that time the Receiver believed that the business could not be operated legally and profitably. This conclusion remains the same in their second report.
Continue Reading
Show Buttons
Hide Buttons