Category: Scam Alert
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Texas Issues Cease & Desist Against Arkbit & ABC Holdings for Securities Fraud
Arkbit Capital, Arkbit Capital Holdings, ABC Holdings, and ABC Mining have received an urgent cease and desist order for securities fraud from the state of Texas. Arkbit Capital surfaced as a Boris CEO run MLM cryptocurrency Ponzi setup in late 2022 Arkbit Capital Holdings operates as a facade organization linked to Arkbit Capital ABC Holdings…
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Detailed Analysis of GPT Platforms: Automated Trading App Ponzi Scheme
GPT Platforms fails to disclose any information regarding ownership or management on its website. The platform is accessible via two domains: top-gpt.vip – anonymously registered on April 7th, 2024 top-gpt5.vip – anonymously registered on April 10th, 2024 To seem credible, GPT Platforms displays a certificate for a disparate Florida entity known as “Quantimental Investments LLC”.…
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Upon SEC’s Request, iX Global Fraud Lawsuit Concludes
Pursuant to a petition from the SEC, the federal court has voluntarily dismissed the $49 million securities fraud lawsuit against iX Global and Debt Box. The dismissal was officially decreed on May 28th, mandating that the SEC cover costs. The blunder of the SEC in managing the iX Global lawsuit stems from representatives marking incorrect…
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Chogan Group Executives Detained for Financial Misconduct
Leading members of Chogan Group, including its originators, have been detained for “financial deceit, cleansing of monetary assets and self-cleansing, in addition to fiscal and insolvency offenses.” The operation named “Paradise World,” launched by the Italian enforcement agencies, culminated in four individuals being taken into custody this past week. Established in 2013, Chogan Group is…
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GoldXCapital Review: Gold mining ruse MLM crypto Ponzi
GoldXCapital fails to provide ownership or executive information on its website. GoldXCapital’s website domain (“goldxcapital.org”), was privately registered on December 16th, 2023. In an attempt to appear legitimate, GoldXCapital provides a Montana shell company certificate for Gold X Capital LLC. GoldXCapital’s Montana shell company certificate is attached to a seemingly random address in Montana. A…
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Review of TRC Trade: Deceptive “press a button” Application Ponzi Scheme
TRC Trade omits any information about its ownership or leadership on their official webpage. The domain for TRC Trade’s platform (“trctrade.net”), was confidentially registered on April 14th, 2024. Although it has barely been in existence for a single month, TRC Trade erroneously declares on its webpage that it has been operational “since 1989”. Whenever an…
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John Bigatton Admits to Bitconnect Fraud Allegations
Prominent Australian BitConnect representative John Louis Anthony Bigatton has conceded guilt to a legal accusation pressed by Government Prosecutors. On May 16th, Bigatton acknowledged guilt to a single charge of dispensing unlicensed financial services in another’s stead. According to a media announcement on May 17th from the Australian Securities and Investments Commission; Mr. Bigatton engaged…
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WDC Quantify Receives Alert for Securities Fraud from British Authorities
The UK’s Financial Conduct Authority (FCA) has issued a caution concerning securities fraud linked to WDC Quantify. According to the warning issued by the FCA on May 20th, WDC Quantify appears to be providing or endorsing financial services or products without our authorization. Engagement with this firm should be refrained from, and one should be…
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CyroFX Review: Trading ruse MLM Ponzi scheme
CyroFX fails to provide verifiable ownership or executive information on its website. CyroFX does provide executive information on its website, but the individuals don’t exist and are represented by AI generated avatars. Over on CyroFX’s official YouTube channel we have actors in rented offices with eastern European accents. CyroFX’s website domain (“cyrofx.com”), was privately registered…