Polish Traffic Monsoon scammer Piotr Chajkowski has settled clawback proceedings against him. In an April 10th filing, the Traffic Monsoon Receiver confirmed “the amount of $1,027,236.58, has been fully satisfied by payment of the full Settlement Amount”. Chajkowski was one of eleven Traffic Monsoon net-winners sued back in 2019. As alleged by the Receiver, Chajkowski [Continue reading...] Source: Piotr Chajkowski settles Traffic Monsoon fraud for $1.02 million ..read more

In a counterclaim filed against Hanieh Sigari, Dariusz Banasik has revealed Qyral is “financially distressed”. Banasik’s counterclaim was filed in addition to his April 20th filed answer to Sigari’s lawsuit. Sigari sued Banasik last month, alleging she was “illegally locked out” of Qyral. In his answer to Sigari’s Complaint, Banasik (right) denies the eight causes [Continue reading...] Source: Banasik files counterclaim, Qyral “financially distressed ..read more

Mirror Trading International CEO Johannes Steynberg has reportedly died in Brazil. Steynberg’s death follows a local identity fraud conviction and pending approval of extradition to South Africa. As per a death certificate published to the “Mirror Trading International Scam – Now What!?” FaceBook group,  Steynberg, 40, died of sudden onset acute respiratory failure on April [Continue reading...] Source: MTI’s Johannes Steynberg reportedly dies in Brazil ..read more

BR-USDT fails to provide ownership or executive information on its website. BR-USDT’s website domain (“br-usdt.com”), was privately registered with bogus details on April 16th, 2024. Of note is BR-USDT’s domain being registered through the Chinese registrar Alibaba (Singapore). As always, if an MLM company is not openly upfront about who is running or owns it, [Continue reading...] Source: BR-USDT Review: Task-based “click a button” app Ponzi ..read more

Cryptriva fails to provide ownership or executive information on its website. In fact as I write this, Cryptriva’s website is nothing more than an affiliate signup/log in form: Cryptriva’s website domain (“cryptriva.com”), was privately registered on January 29th, 2024. In an attempt to appear legitimate, Cryptriva represents it has shell companies registered in the US [Continue reading...] Source: Cryptriva Review: AI trading ruse MLM Ponzi ..read more

YIPTG fails to provide ownership or executive information on its website. YIPTG’s website domain (“yiptg.com”), was privately registered on January 5th, 2024. Despite only existing for a few months, on its website YIPTG falsely claims it was “establish[ed] in Nevada, USA in 2012”. As to being based of Nevada, YIPTG offers up a Nevada shell [Continue reading...] Source: YIPTG Review: Quantitative trading “click a button” app Ponzi ..read more

Mabcredit fails to provide ownership or executive information on its website. Mabcredit’s website domain (“mabcredit.com”), was first registered in 2009. The registration was last updated with bogus details on June 9th, 2022. The current Mabcredit website went online on or around 2021. Through the Wayback Machine we can see that prior 2021, the Mabcredit domain [Continue reading...] Source: Mabcredit Review: Vague finance Ponzi scheme ..read more

William Morro has been arrested on OneCoin money laundering charges. As per an April 23rd superseding indictment charging Morro with bank fraud; Morro knowingly execute[d] … a scheme … to defraud a financial institution … and to obtain moneys, funds, credits, assets, securities and other property … by means of false and fraudulent pretenses, representations [Continue reading...] Source: William Morro arrested for OneCoin money laundering ..read more

Former OneCoin promoter Ken Labine has launched an MLM company he’s calling NFPT. Labine claims he’s been “working towards” NFPT his “whole life”. Beyond the compensation plan though, NFPT specifics are intentionally vague. Labine uploaded an NFPT presentation to YouTube on April 15th. In the presentation Labine revealed NFPT is a pyramid scheme. Affiliate positions [Continue reading...] Source: NFPT: Ken Labine launches MLM pyramid scheme ..read more

Following their arrest in 2016, AlphaPool and Bonofa ringleaders Detlef Tilgenkamp, Thomas Kulla, Gernot Fuhr and Martin Böhm have received prison sentenced. Unfortunately due to how financial fraud is reported on in Germany, we don’t have specific details on each Bonofa scammer’s sentence. Courtesy of a January 17th report from SR, what we do know [Continue reading...] Source: Bonofa scammers sentenced to 6-7 years in prison ..read more