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Showing posts from May, 2024

Captive Insurance Expert Pleads Guilty to Aiding Solar Ponzi Scheme Leaders - Insurance Journal

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Remember the Carpoffs, the California couple sent to prison in 2021 and 2022 for running a $1 billion Ponzi scheme tied to mobile solar generators? The scheme that reportedly ensnared Warren Buffet's Berkshire Hathaway and the Progressive insurance corporation? A South Carolina attorney, known as a leader in setting up captive insurance programs and head of Hamilton Captive Management, has now pleaded guilty to helping Jeff and Paulette Carpoff hide millions of dollars from their fraudulent gains. Peter J. Strauss, 45, of Beaufort, South Carolina, knowingly transferred as much as $11 million to a trust account in 2018 and 2019, shortly after federal agents searched the Carpoffs' DC Solar and other businesses, the U.S. Attorney for South Carolina said in a statement. Strauss then improperly distributed much of the money to criminal defense attorneys, bankruptcy lawyers and to the Carpoff's own captive insurance firm, the prosecutor said. Strauss ple...

How to Make Money on Your Phone: 13 Ways - TIME

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If you've got a smartphone, you've got options for making money in the palm of your hand. You can start a side hustle or online business or look for ways to create passive income. Many ideas don't even take much time. By using your phone to experiment with different money-making ideas, you can figure out what works best for you. 13 ways you can earn good money from your phone When using your phone to make money, your income-earning potential will depend on which money-making ideas you try and how much time you're willing to put in. Whether you need a few dollars to cover your weekly coffee habit or a larger amount to pay for your monthly expenses, here are some of the best ways to earn money from your phone. 1. Participate in consumer research Sharing your opinions is one of the easiest ways to make money from your phone. There are plenty of companies willing to pay money to conduct market research with regular consumers. Essentially, you're getting paid to complete...

The Biggest Ponzi Scheme in Hollywood History - The New Yorker

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A struggling actor struck it rich in Hollywood—then the F.B.I. showed up. Anyone who visited Zach and Mallory Horwitz in 2019 would have said that they had made it in Hollywood. They lived in a six-million-dollar home on Bolton Road, within walking distance of Beverly Hills; there was a screening room, a thousand-bottle wine cellar, and a cabana laced with flowering vines by the pool. The Horwitzes had hired a celebrity decorator and installed a baby grand piano and framed photographs of Brigitte Bardot and Jack Nicholson. On social media, Zach posted pictures of himself courtside at Lakers games; Mallory shared images of their toddler playing in the California sun. For Mallory's thirtieth birthday, Zach paid the R. & B. artist Miguel to perform for friends at the Nice Guy, a voguish restaurant in West Hollywood. The couple, college sweethearts from Indiana University, had arrived in California seven years earlier, in search of a new life. They had started...

How Jaime Cross Used Research, Social Media To Take MIG Living From Farmer's Markets To 8-Figures - Forbes

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MIG Living started as a dream – literally. "I had a dream in which I saw a roadmap for our business," Jaime Cross, founder of MIG Living, said. "Fast forward to today, and I can close my eyes and still see this whole vision playback as if it were a movie." The dream came to her in 2010, and now, a decade later, her business, which aims to dominate in the "natural home health and self" space, has taken off. Cross started by selling her handmade, clean beauty and wellness products at farmer's markets and now has taken it to an eight figure online business. "I spent the first year after I had the dream studying chemistry, naturopathic healing [and] medicine and herbal alchemy," she said. "Within a year of my research, we developed our own product formulation and took it to the streets of Denver & Colorado Springs for local retailers and customers to try." MIG grew quickly on a local level. She took the local...

Beachbody Faces Class-Action Lawsuit Over Employment Practices - Athletech News

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The health and fitness company's multilevel marketing structure is being called out for failing to pay former coaches fair wages The Beachbody Company, now known as BODi, is facing a class-action lawsuit after a former coach claims that the company misclassified coaches as independent contractors instead of employees. The bulk of the case revolves around Beachbody's multilevel marketing (MLM) business model, which the suit claims "virtually guarantees" that the fitness company will "secure thousands of hours of free or below-market labor to execute a centralized marketing and growth strategy." The plaintiff, Jessica Lyons, is represented by Tycko & Zavareei LLP and the Clarkson Law Firm P.C. The case has been filed in Los Angeles County Superior Court of California. The lawsuit claims that Beachbody exploited its California sales force, known as "coaches," alleging that as coaches market and sell a variety of Beachbody's product...

Texas Halts Alleged Crypto Mining MLM Scheme By Arkbit - Crypto Times

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The Texas Securities Commissioner has issued an emergency cease-and-desist order against Arkbit Capital and related entities, accusing them of operating a fraudulent multi-level marketing (MLM) scheme involving cloud mining cryptocurrency. The order alleges Arkbit offered unrealistic daily returns of up to 1.6-2.8% for investments in its cloud mining operation for 120 days. The company reportedly used deceptive marketing tactics on social media platforms like Facebook, Instagram, and Twitter, including fake videos purporting to show its data centers and executives at industry conferences. Additionally, the order determined that CoinPayments.Net was being utilized to process payments for the Arkbit website. The order specifies that the account holder for the Arkbit CoinPayments account is Paras Khivesara, based in Hyderabad, India. The order alleges that Arkbit even registered as a business entity with the Arkansas Secretary of State office to enhance its appeara...

45 Secret Websites to Make Money Online in 2024 - Norada Real Estate Investments

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Are you looking for some secret websites to make money in 2024? Do you want to know how to earn extra cash online without any hassle? If yes, then you are in the right place! Making money online has become increasingly popular in recent years. The internet has opened up numerous opportunities for individuals to make money online. Many people are searching for secret ways to make money online , but they are not sure where to start. From freelancing to affiliate marketing, the possibilities are endless. In this blog post, we will reveal some of the best-kept secrets of the internet that can help you make money in 2024. These are not scams or get-rich-quick schemes , but legitimate websites that offer various opportunities for earning money online . Whether you want to sell your skills , products , or services , there is a website for you! 45 Secret Websites & Ways to Make Money Online in 2024 If you are a beginner, making money online will become an increasingly popular ...

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