Ethan Vanderbuilt

Archives for News - Page 10

News

SEC Stops EMGOLDEX Global Intergold Scam

The SEC in the Philippines issued a Cease and Desist Order November 5, 2015, and filed two cases before the Department of Justice against EmGoldex, Global Intergold (GIG) and Prosperous Infinite Philippines Holdings, Corp. (PIPHC). I have reported on both EmGoldex and Global Intergold. It is great to see the SEC stepping in. There have been a huge number of victims of this gold scam.
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News

My Advertising Pays Shutdown In The USA

I reported on the My Advertising Pays scam back in December of 2014. They have now been shutdown in the USA. On October 14, 2015, My Advertising Pays will no longer permit U.S. registrations for new clients and affiliates. The management team for them tries to say "This is strictly a business decision we’ve had to make based on the numbers." I don't believe them.
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News

GemCoin Scam Shutdown

Unregulated digital currencies are a prefect tool for scammers to take money from people. GemCoin is the latest example of this type of scam. The Securities and Exchange Commission today announced it has filed fraud charges and obtained asset freezes against the operator of a worldwide pyramid scheme that falsely promised investors would profit from a venture purportedly backed by the company’s massive amber holdings.
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Young Living And dōTERRA Ebola Scam

One of the common things you will see in the MLM world is incredible health claims about what their products can do. I have had Vemma reps from outside the United States claim that their family members have had diabetes and cancer cured by using Vemma products. In the United States it is illegal to make claims that your supplements can cure a disease.
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