Archives for News - Page 3
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 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.
The binary options industry has been generating huge amounts of money, employing thousands of people, and cheating investors worldwide with many different scams. It has been doing terrible harm to its victims. The center of this scam has been Israel. Finally, the government of Israel has taken action.
The Securities and Exchange Commission today announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month.
A vast network of online marketers and the three people behind it have agreed to settle Federal Trade Commission charges that they sold more than 40 weight-loss, muscle-building, and wrinkle-reduction products to consumers using unsubstantiated health claims, fake magazine and news sites, bogus celebrity endorsements, and phony consumer testimonials.