Scams

American court issues price fixing charges against Zaappaaz
Scams

American court issues price fixing charges against Zaappaaz

An American Court in the District of Texas Houston has released details of eCommerce price-fixing charges against Zaappaaz Inc. Zaappaaz Inc., Wrist-Band.com, and Customlanyard.net were accused of fixing conspiracy consisted of a continuing agreement, understanding, and concert of action among the Defendant and its co-conspirators, the primary purpose of which […]

NNPC raises fraud alert on crude oil allocation letter scams
Scams

NNPC raises fraud alert on crude oil allocation letter scams

The Nigerian National Petroleum Corporation has raised a scam alert on crude oil allocation letter scams perpetrated to defraud unsuspecting business men. Alerting the general public to the scam, the NNPC’s Group Managing Director, Dr. Maikanti Baru, said the activities of the international fraudsters had created an unnecessary distraction for […]

Christopher Angeles, Custom Wristband Inc plead guilty price fixing
Scams

Christopher Angeles, Custom Wristband Inc plead guilty price fixing

eCommerce company, Custom Wristbands Inc. and its top executive Christopher Angeles have agreed to plead guilty for conspiring to fix prices for customized promotional products sold online to customers in the United States. Custom Wristbands owns eCommerce assets such as Kulayful Silicone Bracelets, Kulayful.com, Speedywristbands.com, Promotionalbands.com, Wristbandcreation.com and 1inchbracelets.com Acting […]

This is why The Billion Coin is a Ponzi scam
Scams

This is why The Billion Coin is a Ponzi scam

In case you are already involved in this scheme, The Billion Coin is a Ponzi scheme and it is in no way similar to Bitcoin, Ethereum and any other genuine digital currency. For some months now, one company called Semic International Limited had floated the Nigerian arm of The Billion […]

China releases timetable to crackdown on Ponzi schemes
Scams

China releases timetable to crackdown on Ponzi schemes

China might join the league of countries clamping down hard on Ponzi schemes and other dodgy investment companies luring unsuspecting members of the public to losing their funds. China’s regulatory authority said it will further investigate Ponzi scheme activities across the country. The government said in a statement that: “Recently, […]