A planned fresh start ends in disaster: The Texas State Securities Board (TSSB) accuses GSPartners of breach of contract and deception and initiates legal action. The US state of Texas has pulled the plug: the Texas State Securities Board (TSSB) has cancelled its settlement agreement with the controversial company GSPartners (GSB). The focus of the […]
As the crisis surrounding Lyconet and myWorld continues to escalate, those in charge are visibly trying to keep the business alive. The latest Zoom call provided a prime example of the familiar mechanisms: motivation, big promises and repeated calls for action. Hubert Freidl, who has increasingly taken over the presentation of the Balance programme himself […]
An appeal to those affected: Your voice counts In the first case involving the blockchain company ZENIQ Technologies and its sales arm Safir International, Austrian authorities have been investigating allegations of embezzlement, fraud and forgery for years. Now, a key investigation against Dr Michael Ofner, former Chief Operating Officer (COO) of ZENIQ, has been dropped […]
As an XPRO partner platform, the Shiiro Business Academy is marketed by its initiator Dada Pey and the XPRO bosses, led by Werner Kaiser, as a supposedly state-of-the-art learning tool. The promise: a blend of education, trading software, and AI-based tools designed to make financial markets accessible to users. However, Dada Pey’s previous business ventures […]
Ponz schemes are infamous: they promise high profits but are ultimately based on new deposits from participants until the system collapses and the majority lose their money. However, while they are prohibited by law in many countries, they sometimes go unpunished. How can that be? Prohibited, but only under civil law The German Unfair Competition […]
In its judgment of 22 January 2025 (3 Ob 189/24a), the Austrian Supreme Court (OGH) in Vienna once again dealt with the Lyconet/myWorld business model – and once again the alarm bells are ringing. In a current case regarding the reclaim of marketer funds, the court ruled that the company is a prohibited pyramid scheme. […]
In the world of dubious digital investments, the AVINOC/VOO project, with its VOO Travel App and global travel commission model, stands out as one of the bigger Ponzi scheme suspicions. Currently, the project is facing significant problems—according to Telegram chat discussions, flight bookings are no longer possible due to an alleged cyberattack. While skeptics already […]
While Blocktrade announces ambitious plans for an IPO, the focus is increasingly on BioNexus Gene Lab Corporation, a struggling company that is itself fighting for survival. Sam Tan is not only presented as a director of Blocktrade, but is also CEO of BioNexus, a company already listed on NASDAQ. It is also rumoured that BlockTrade […]
!This notice is intended only for persons outside the United States and Canada! Among other things, it concerns GSB Gold Standard, Karatbars International, G999, the G999 blockchain and the virtual platform ‘Lydian World’ – to name just the most important. BE Conflict Management Inc., a company registered in Florida, is taking over the claims of […]
Anyone familiar with crypto projects like AVINOC/VOO or ZENIQ/Safir/Xera.Pro/XPRO will quickly recognize similar patterns from the world of questionable MLM and Ponzi schemes. A classic tactic to attract new investors is the artificial scarcity of supposedly exclusive and revolutionary products and technologies: Strictly “limited-time” special offers, constant time pressure, and the claim that this is […]
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