AirBit Club civil proceedings initiated by the SEC have been stayed, pending outcome of the DOJ’s criminal case. The stay order was issued on October 5th, following a letter motion filed by defendants Cecila Millan and Margarita Cabrera. In their motion, Millan and Cabrera argued a stay was justified because […]
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Global Trading Club scammers sued by CFTC
The CFTC has filed suit against Global Trading Club scammers Mayco Alexis Maldonado Garcia, Cesar Castaneda, Rodrigo Jose Castro Molina and Joel Castaneda Garcia. Global Trading Club was an MLM Ponzi scheme launched in 2016. The ruse used to steal people’s money was cryptocurrency trading bots. Defendants and others falsely […]
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Two US AirBit Club promoters sued by SEC
Two promoters of the AirBit Club Ponzi scheme have been sued by the US Securities and Exchange Commission. The SEC’s lawsuit was filed on August 18th and identifies AirBit Club as an “investment club” that is ‘not organized in any jurisdiction and has no formal legal existence.’ Named as defendants […]