As part of Bitcoiin criminal proceedings, hundreds of electronic devices seized in Serbia have been turned over to the FBI in Texas. Data stored on the devices is still being processed, resulting in a request to continue the trials of defendants Haojia Miao and Antonije Stojiljkovic. The FBI obtained the […]
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Payment processors denied slice of MOBE Receivership pie
As per a January 6th order, MOBE’s non-consumer creditors were directed to file claims for payment consideration. As per a report filed by the MOBE Receiver on April 22nd; The Receiver received a total of 15 Claim Forms. Twelve of the Claim Forms were presented by “Consumer Creditors.” The three Non-Consumer […]
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Top OneCoin scammer Juha Parhiala dead (unconfirmed)
Social media has lit up with condolences for top OneCoin scammer Juha Parhiala. Thus far there hasn’t been any official confirmation of Parhiala’s death, reportedly overnight across May 10th/11th. Born in 1958 and hailing from Finland, Parhiala is best known for co-owning the OneCoin Master Distributor position with Sebastian Greenwood. […]
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Neora pushes for renewed settlement discussions after AMG
Last December a settlement report revealed that, despite engaging for over a year, the FTC and Neora were unable to reach a settlement. In the wake of the AMG Supreme Court decision, both parties were directed to file a “Joint Report regarding Alternative Dispute Resolution”. The FTC saw settlement negotiations […]
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ProCash securities fraud warning issued in Spain
ProCash has received a securities fraud warning from Spain’s Comision Nacional del Mercado De Valores. As per the CMNV’s 26 April warning, ProCash is not listed in the corresponding registry of this Commission and, therefore, they are not authorized to provide investment services. This is the equivalent of a securities […]
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OmegaPro a “fraudulent online trading platform” in Belgium
OmegaPro has been declared a fraudulent online trading platform in Belgium. The Financial Services and Markets Authority’s May 5th warning follows ‘complaints from consumers concerning new fraudulent online trading platforms that are operating in the Belgian market.’ As per the FSMA, OmegaPro is ‘most likely (a) case of investment fraud.’ […]
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Recyclix money launderers sentenced to three years in prison
Two money launderers tied to the Recylix Ponzi scheme have been sentenced to prison. Details of their involvement in Recyclix are a bit sketchy. What we know is the son of Sergejs Vasiljevs made four transfers totaling €1.14 million to his father. Vasiljevs is a resident of Finaland. His son […]
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John DeMarr’s Bitcoiin fraud indictment details
John DeMarr’s Bitcoiin indictment was filed on March 23rd, 2021. The indictment details four counts of fraud, pertaining to DeMarr’s involvement in Bitcoiin and Start Options. As charged by a Grand Jury in New York, DeMarr has been indicted for Conspiracy to commit securities fraud; Securities fraud; Conspiracy to commit […]
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Saivan SEC fraud case sent to mediation
It’s been seven months since our last Saivian update. The case has been progressing but up until now there hasn’t been any significant events. On May 3rd a joint motion was filed requesting a stay on the SEC’s Savian fraud case. The stated reason for the requested stay was mediation. […]
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AMG decision puts Redwood injunction on the line
As per our last update, Jason Cardiff had been given until May to secure VPL Medical mask contracts. Failing which the Redwood Receiver had been directed to cease funding the company’s operation. Since then we’ve also had the AMG Supreme Court decision, further complicating proceedings. As per a filed April […]