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Pyramid Schemes State Attorneys General

Cozen O'Connor

NY AG Files Another Lawsuit in Cryptocurrency Crackdown, Alleging Illegal Ponzi Scheme

Cozen O'Connor on

New York AG Letitia James has filed a lawsuit against cryptocurrency companies Nova Tech, Ltd and AWS Mining Pty Ltd., along with their founders and promoters, alleging that the companies operated illegal pyramid and Ponzi...more

Cozen O'Connor

The State AG Report – 8.3.2023

Cozen O'Connor on

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: • Republican and Democratic AGs Duel on Plastic Pollution...more

Kelley Drye & Warren LLP

Texas AG, Arkansas AG, and FTC Don’t Bless Pyramid Scheme “Blessings in No Time”

Last week, BINT Operations LLC aka “Blessings in No Time” (“BINT”) and its owners resolved two separate, but coordinated, lawsuits stemming from states’ and the FTC’s investigations alleging perpetration of an illegal pyramid...more

Cozen O'Connor

Don’t Count Your Blessings Just Yet

Cozen O'Connor on

Arkansas AG Tim Griffin and the FTC settled with BINT Operations LLC and two of its officers (collectively, “BINT”) to resolve allegations that the company violated federal and state consumer protection laws by running a...more

Cozen O'Connor

The State AG Report – 6.2.2022

Cozen O'Connor on

Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •AG Bonta Shares Proposed Regulations For...more

Cozen O'Connor

FTC Obtains TRO Against Alleged Credit Repair Pyramid Scheme

Cozen O'Connor on

The FTC has obtained a temporary restraining order (TRO) against Financial Education Services, Inc., its owners, and five other affiliated entities (collectively the “Credit Repair Parties” or “CRPs”) for allegedly operating...more

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