Category: Scam Alert
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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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NYSC Endorses TRUST’s Opposition to GSB Subpoena Demands
The Appellate Division of the New York Supreme Court has affirmed TRUST’s objection to the subpoenas issued by GSB Gold Standard Corporation. By affirming TRUST’s objection, the Appellate Division of the NYSC has directed that GSB’s subpoena demands be invalidated. Subpoena requests sent to a pair of service providers by Josip Heit (pictured right), acting…
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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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A Legal Battle Over Workplace Harassment at Family First Life
A previous staffer has initiated a lawsuit against Family First Life and its holding company Integrity Marketing Group, accusing them of sexual misconduct, creating a toxic work environment, and engaging in unlawful retaliatory behavior. Within the lawsuit filed on January 18th in New Jersey, Tiffany Tranghese is described as “a fetching female in the springtime…
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Family First Life Robocall Deception Legal Actions Increase to Seven
The tally of legal actions pursuing civil robocall deception charges against the overseeing entity of Family First Life has escalated to seven. TRUST chronicled the fifth Family First Life robocall deception action last August. Subsequently; Nichols v. Integrity Marketing Group was initiated on September 23rd, 2023 Newman v. Integrity Marketing Group was instituted on April…
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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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MetaMax Review: Task-based MLM crypto Ponzi
MetaMax fails to provide verifiable ownership or executive information on its website. MetaMax operates from two known website domains: metamax.vip – privately registered on July 3rd, 2023 metamax.top (used for support email) – privately registered on May 11th, 2023 MetaMax cites “Olivia Jenkins” as its founder and CEO: Jenkins is represented by an AI generated…