SEC busts alleged $300m gilded Ponzi scheme
The Securities and Exchange Commission today charged four Canadian men and two others living in Florida with perpetrating a $300 million international Ponzi scheme on …
Malden Man Charged in Pyramid and Ponzi Scheme Falsely …
"DFRF and its operators falsely claimed that they were running a lucrative gold mining business when in reality they were operating a Ponzi and pyramid scheme that preyed on investors in ...
Mining tax breaks cost Canadians over $500M a year, finds …
An investigation from the Washington-based group found investments in B.C.'s Golden Triangle have the 'structural and operational attributes of a Ponzi scheme.'
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asia gold mining asset rporation gmac T21:03:44+00:00 Asia Gold Mining Asset Corporation Agmac Real. ... The Dead Rabbits Lair AGMAC Another Ponzi Scam I the asia gold mining Asia gold mining asset corporation agmac goes operational asia gold mining asset corporation com Eagle Hill Exploration Corporation to Combine with Oban, is asia ...
CFTC Hearing: Paper Gold Is A Ponzi Scheme
I was able to show that the London Bullion Market Association (LBMA) over-the-counter gold market is nothing but a massive "paper gold" Ponzi scheme. What was then astonishing is that the bullion bank apologist, Jeffrey Christian of CPM Group, who has always been staunchly against GATA, endorsed my comments as being "exactly right" and ...
SEC Charges Perpetrators of $300 Million Ponzi Scheme …
Washington, D.C., June 10, 2010 — The Securities and Exchange Commission today charged four Canadian men and two others living in Florida with perpetrating a $300 million …
B.C. involved in Ponzi scheme ordered to pay nearly …
Gold mine Ponzi scheme ruined B.C. residents' lives, commission hears Oct 7, 2022 11:08 AM Why it may take 'several years' for the B.C. Securities Commission to collect more fines
Gold mine Ponzi scheme: 2 B.C. women fined by securities …
VANCOUVER -- Two Metro Vancouver residents have been fined for their role in a worldwide Ponzi and pyramid scheme that duped victims into thinking they were investing in gold mines.
GoldXCapital Review: Gold mining ruse MLM crypto Ponzi
GoldXCapital Review: Gold mining ruse MLM crypto Ponzi. Надруковано 22.05.2024. ... Using new investment to pay affiliate withdrawals would make GoldXCapital a Ponzi scheme. As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
SEC CHARGES PERPETRATORS OF $300 MILLION PONZI SCHEME …
Complaint Securities and Exchange Commission 1801 California St., Ste. 1500 Denver, CO 80202 (303) 844-1000 123456789 10 11 12 13 14 15 16 17 18 19 20 21 22
Peng Jie
Gold mining, as a disguise of Ponzi schemes: https:// In 2020: Gold mining Ponzi scheme ~34% returns 10 times your...
B.C. residents fined for promoting fake gold …
The SEC characterized it as a Ponzi or pyramid scheme that pulled in US$15 million from a total of over 1,400 investors. Filho used none of the funds for gold mining, and bank records show DFRF...
B.C. involved in Ponzi scheme ordered to pay nearly $1M …
Between 2014 and 2015, the solicited B.C. investors, organized events and sold membership units to American companies promising high, no-risk returns for what turned out …
Dunamis Mining Review: Ponzi Scheme offering Passive …
Dunamis Mining Review: Ponzi Scheme offering Passive Returns. Dunamis Mining claims to provide passive income to those investing in its affiliate program. However, it is just another way to trap investors into giving away their money to the admins for no viable returns. October 31, 2023.
SEC Enforcement Actions Against Ponzi Schemes
Merendon Mining Inc. - SEC charged six individuals and four companies with perpetrating a $300 million Ponzi scheme on investors in a purportedly successful gold mining operation who were …
Organo Gold caught up in $13.7 million Vietnamese Ponzi scheme…
When that flopped, Organo Gold's coffee was distributed through vouchers as a marketing incentive for a separately initiated Ponzi scheme. Through that Ponzi scheme, which ran from July 2015 till collapse in February 2016, Anh and thirteen accomplices were able to convince around 8600 investors to invest over $13.7 million dollars.
Five B.C. residents accused of helping in a gold mining Ponzi scheme …
Five B.C. residents accused of helping in a gold mining Ponzi scheme in U.S. ... in DFRF Enterprises LLC where about 1,400 investors were promised high no-risk returns from gold mining operations. ...
AFL Ponzi scheme boss 'hid $5m holiday house asset'
The architect of a $100 million Ponzi scheme that ensnared high profile AFL figures died without any assets in his own name, sparking claims he deliberately hid his cash.
The great ECG church heist: Prophet Bushiri's R73m ponzi …
The alleged scheme extended beyond South Africa's borders. The indictment alleges that Bushiri and his wife promoted the investment scheme at an ECG Church event and a conference in Dallas, Texas, in July 2017. Yumoke Oyedele and Peter Eshiett are named as agents responsible for collecting investments locally and in the US.
My Gold Rev Review: 450% ROI gold themed Ponzi scheme
My Gold Rev claims to generate external ROI revenue via gold related activities. Our vision is long term which is backed up by Gold trading, mining and investing in various funds and activities. Naturally there's no evidence of this provided. Furthermore, My Gold Rev's business model fails the Ponzi logic test.
Vortex Profits Review: Bitcoin mining and gold & oil trading Ponzi
Using newly invested funds to pay existing affiliates a daily ROI makes Vortex Profits a Ponzi scheme. Referral commission tied to affiliate recruitment add an additional pyramid layer to the scheme. As with all Ponzi schemes, once new affiliate recruitment dries up so too will new funds entering the scheme. ... Bitcoin mining and gold & oil ...
SEC Files Charges Over $300 Million Gold-Mining Ponzi Scheme …
The SEC just announced charges against the ringleaders of a $300 million Ponzi scheme that saw 3,000 Canadian and American investors buy worthless shares in an allegedly bogus gold-mining enterprise.
SEC Obtains Final Judgments Against Gold Mining Pyramid Scheme …
The SEC has obtained final judgments against the orchestrator and four promoters of a pyramid and Ponzi scheme involving two purported gold mining companies. The SEC has obtained final judgments against the orchestrator and four promoters of a pyramid and Ponzi scheme involving two purported gold mining companies.
Life Miner Review: Crypto mining ruse Ponzi …
Using new investment to pay returns would make Life Miner a Ponzi scheme. As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment. This will starve Life Miner of ROI revenue, …
World Gold Coin Review: 2 year ROI crypto mining Ponzi
If the scheme doesn't outright collapse before 2 years, when enough affiliates reach their two-year withdrawal period, World Gold Coin collapses and the admins do a runner. That World Gold Coin have opted for a 2 year ROI window is likely not a co-incidence, with 2 years the average time before a Ponzi scheme spirals out of control.
SEC.gov | Merendon Mining (Nevada) Inc., Larry Lee Adair, …
Sorenson, who controlled Merendon Mining Corp. Ltd., claimed to be a successful businessman receiving loans from SGD through arms-length transactions. Sorenson hosted tours by potential investors at his Honduran refinery and demonstrated the pouring of gold bars …
Gold mining ruse MLM crypto Ponzi
GoldXCapital fails to offer possession or govt info on its web site.
Ponzi Scheme-like Tactics Found at...
Ponzi Scheme-like Tactics Found at the Core of Canadian Mining Operations; Alaska-Canada Transboundary Watersheds at Stake If you think things are different Alaska, think again.
B.C. Securities Commission fines 3 for gold mine fraud | CTV …
Three B.C. residents have been ordered to pay nearly $1 million in penalties for their roles in an elaborate fraud that U.S. regulators described as both a Ponzi and a pyramid …
ZokoCloud Review: Crypto mining "click a button" app Ponzi …
ZokoCloud is yet another "click a button" app Ponzi scheme. ZokoCloud's "click a button" Ponzi ruse is crypto mining: The presented ruse is ZokoCloud affiliates purchase a virtual mining machine. They then log in and click a button to receive mining revenue (the more invested the more buttons have to be clicked).