November 13, 2015
Tropikgadget FZE, Tropikgadget Unipessoal LDA, Compasswinner LDA, Happyy SGPS SA
SANCTION AMOUNT: $36,128,678
Defendants: Tropikgadget FZE, Tropikgadget Unipessoal LDA, Compasswinner LDA, Happyy SGPS SA
Sanction by default judgment against two entites used in an international pyramid scheme targeting Latino communities in the U.S., as well as two relief defendants. Tropikgadget entites purportedly represented a multi-level marketing company involved in digital and mobile tech, but revenues actually came only from selling memberships to investors.
- Key Docs
- Official SEC press release