TL;DR For six years, a Saint Lucia shell company called Netrios LP Ltd. sold a turnkey “white label” kit that let offshore platforms solicit American customers into leveraged crypto, forex, and metals trades, the exact kind of trading U.S. law…
Class Action Investigation • Consumer Fraud • Fintech Accountability EvilCorporations.com • Case No. 1:26-cv-288, D. Idaho (Filed May 11, 2026) • Estimated reading time: 14 minutes TL;DR A retired Oregon couple, Karen and Robert Lacey, lost their entire life savings…
Securities Fraud • Crypto Asset Scam • SEC Complaint He Promised a Billion-Dollar Crypto Safety Net. He Bought a Horse. EvilCorporations.com • Case No. 26 Civ. 2293, E.D.N.Y. • 12 min read TL;DR Donald G. Basile, CEO of Monsoon Blockchain…
Athena Bitcoin Settles $4.5M Class Action After Ignoring 2,472 Stop Requests They Said Stop. Athena Bitcoin Kept Texting. Now They’re Paying $4.5 Million. TL;DR Athena Bitcoin, Inc. has agreed to a $4,500,000.00 settlement after a federal class action lawsuit accused…
SEC Enforcement • Investment Fraud • Crypto Scam • Recidivist Operator The Man The SEC Already Banned, Who Ran A Fake Crypto Fund Anyway Ian O. Mausner had already been barred from the securities industry for a $10 million fraud…
Investigative Report | FTC Case No. 1:23-cv-08960 Voyager’s Billion-Dollar Lie: How Fake Insurance Claims Gutted American Savings Federal Complaint Filed: October 12, 2023 | United States District Court, Southern District of New York | EvilCorporations.com Investigative Desk TL;DR From at…
EvilCorporations.com Filed: May 21, 2025 | Case 1:25-cv-04297 | S.D.N.Y. Amalgam Capital Is a Blockchain Company Without a Blockchain A self-proclaimed “serial entrepreneur” raised half a million dollars for a payment platform that didn’t work, a company that had no…
TL;DR The fraud ran for over three years. From February 2022 to the date of filing in May 2025, the operators of Unicoin, Inc. raised more than $100 million from over 5,000 investors by selling “Unicoin Rights Certificates”, which were…
EvilCorporations.com Investigates Class Action Filed Stake.us Is A Crypto Casino Dressed In A Halloween Costume EvilCorporations.com • Case No. 1:25-cv-03736, N.D. Ill. • 40 min read TL;DR Stake.us, operated by Cyprus-based Sweepsteaks Limited, is being sued in federal court in…
EvilCorporations.com • Case No. 1:25-cv-00681, E.D. Virginia • 29 min read PGI Global’s $198M Cryptocurrency Ponzi Scheme How Ramil Ventura Palafox sold fake crypto profits to everyday investors worldwide, pocketed $57 million, bought Lamborghinis with their Bitcoin, and transferred the…