Category: companies
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Bitonite Ponzi Scheme Crumbles, Resorts to “Hacking” Deception for Exit-Scam
Bitonite’s Ponzi structure has given way. In the wake of deploying a worthless token strategy as an exit fraud at the outset of 2024, Bitonite commenced postponing disbursement demands in late May. This situation escalated to a subsequent “we got hacked!” charade for their departure fraud on June 3rd. The precise timing of Bitonite’s BIT…
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C12V2 Pyramid Scheme Implodes, C12V3 Marks Third Iteration
The C12V2 pyramid swindle has met its demise. Concurrently with the downfall, the perpetrators initiated C12V3. The existence of C12V2 was fleeting, emerging as a revival of the defunct Carnelian12 fraud. The domain for the C12V2 website was set up on May 8th, with the deceitful operations kicking off soon thereafter. Approximately on May 23rd,…
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Athene Network Ponzi Accused of Trademark Infringement
Founded in 1896, the US-based financial entity Athene has initiated legal proceedings against the Athene Network Ponzi for allegations of trademark infringement, engaging in unfair competition, and cybersquatting. Within the lawsuit filed in Arizona on May 14th, Athene portrays itself as “an Iowa corporation,” managing a multi-billion-dollar asset portfolio. The company posits that it sets…
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The Collapse and Revival of Federation Network’s Ponzi Scheme
The deceitful enterprise known as the Federation Network Ponzi scheme has crumbled. Instead of conceding to securities deception and disappearing, the culprits behind Federation Network have established themselves anew on a fresh domain. This multi-level marketing (MLM) crypto Ponzi is led by individuals previously involved in the Mainet Ponzi scheme. As part of their downfall,…
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David Lee Kagel Submits Guilty Plea in Mind Capital Fraud Case
David Lee Kagel has submitted a guilty plea in response to charges related to the Mind Capital scam. Initially, Kagel was set to enter his guilty plea on May 13th but lost consciousness on his way to the proceedings. Consequently, the session was postponed to May 28th, at which time Kagel’s plea documentation was officially…
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Bjorkman sues Exp Realty & Glenn Sanford for defamation
Accused woman drugger and sexual assaulter Michael Bjorkman, has sued Exp Realty and CEO Glenn Sanford for defamation and unpaid wages. Bjorkman (right) filed his first Complaint against Exp Realty in Spokane County, Washington on April 12th. An Amended Complaint, adding CEO Glenn Sanford, was filed on April 19th. As per Bjorkman’s Amended Complaint, he…
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Exp Realty Faces Third Suit Accusing Sexual Harassment
A successive legal claim has been lodged against Exp Realty and a subsequently dismissed high-ranking agent, this time asserting accusations of sexual harassment. Misty Carter identifies as a past agent of Exp Realty based in Nevada, serving from December 2021 to June 2022. It is worth mentioning that Carter (right) also presents herself as a…
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Monat’s Urdanetas accuse MacMillan of “gross mismanagement”
Monat’s Luis and Rayner Urdaneta have filed a countersuit against former President Stuart MacMillan. The Urdanetas countersuit, in response to MacMillan alleging the Urdanetas run Monat as a “mafia family and unprincipled syndicate”, accuses MacMillan of “gross mismanagement”. The Urdanetas claim MacMillan cost Monat “millions of dollars in business losses”. In his lawsuit, MacMillan claims…
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Hanieh Sigari abandons Qyral to launch Ellie MD
Two months after initiating legal proceedings to take back Qyral from husband Darius Banasik, Hanieh Sigari has abandoned the company. In an email sent out to Qyral distributors on May 24th, Sigari advised she had made the difficult decision to step aside and resign from all of my roles in management for Qyral, including, but…