May Subscription Post

NOTE: This post originally was published on May 11 at 7:51 p.m. It was moved back into this slot on May 22, May 23 and May 26. Dear Readers, Our editorial well now stands at 2,667 posts since December 2008. Today alone, readers from more than 35 countries have visited the PP Blog. There are […]

Sann Rodrigues Released On 'Conditions'

Sann Rodrigues Released On ‘Conditions’

TelexFree and IFreeX promoter Sann Rodrigues has been released on “conditions,” including “the surrender of his passport and the passports belonging to his family members, a $200,000 secured bond, 24-hour electronic monitoring, and home confinement.” A U.S. Magistrate Judge in the District of New Jersey imposed the conditions on Rodrigues, according to a statement today […]

IFreeX Site Offline; At Least 2 U.S. Officials Involved In TelexFree Ponzi Prosecution Also Involved In Sann Rodrigues Prosecution On Immigration Charge

IFreeX Site Offline; At Least 2 U.S. Officials Involved In TelexFree Ponzi Prosecution Also Involved In Sann Rodrigues Prosecution On Immigration Charge

The website of IFreeX.com is offline. The PP Blog could not immediately determine why. Visitors are seeing a GoDaddy.com page. A PP Blog reader reported the outage at 6:49 p.m. EDT today. The outage occurred one week to the day after TelexFree and IFreeX figure Sann Rodrigues was arrested at a New Jersey airport on […]

REPORTS: TelexFree Figure Sann Rodrigues Arrested In New Jersey

REPORTS: TelexFree Figure Sann Rodrigues Arrested In New Jersey

BULLETIN: (Updated 9:27 p.m. EDT U.S.A.) TelexFree and iFreeX figure Sann Rodrigues has been arrested in New Jersey, according to the Blog of Joaldro Dalla “Billy” Costa, citing a report on radio station WSRO 650 AM in Framingham, Mass. Billy’s story is in Portuguese. Here is the English translation by Google Translate. Rodrigues — listed […]

(1) Ponzi Cash Allegedly Paid For 'Breast Augmentation'; (2) John Sposato Case Shows 'Small' Schemes On U.S. Radar; (3) What UFunClub/UToken Investors Can Learn

(1) Ponzi Cash Allegedly Paid For ‘Breast Augmentation'; (2) John Sposato Case Shows ‘Small’ Schemes On U.S. Radar; (3) What UFunClub/UToken Investors Can Learn

A Louisiana man ripped off investors in a multifaceted Ponzi scheme and used some of the cash to buy a “new Chevrolet Camaro for one girlfriend and breast augmentation surgery [for] another girlfriend,” according to a bill of information filed against him. John Sposato, 64, of Slidell, has been charged with wire fraud, the office […]

BULLETIN: Traders Operated 'The Cartel'; Banks Charged Criminally

BULLETIN: Traders Operated ‘The Cartel'; Banks Charged Criminally

Forex traders at four multinational banks — Citicorp, JPMorgan Chase & Co., Barclays PLC and Royal Bank of Scotland plc — formed “The Cartel” and conspired to manipulate the prices of the U.S. dollar and the euro, the U.S. Department of Justice said today. All four banks have been charged criminally in an investigation that […]

REPORTS: Police In Small Florida Town Of Eustis May Have Been Targeted For Attack With Rocket-Propelled Grenade Launcher

Multiple media accounts coming out of North Central Florida say the Marion County Sheriff’s Office learned of a plot to attack the Eustis Police Department today with a rocket-propelled grenade launcher. The alleged plot apparently was foiled over the weekend. A news conference reportedly will be held at 2:30 p.m. EDT today. The Orlando Sentinel […]

Bogus Offer To Take Over Avon Turns SEC Website Into Crime Scene

Bogus Offer To Take Over Avon Turns SEC Website Into Crime Scene

On May 14, someone used the SEC’s EDGAR database to plant a bogus news release that claimed a company known as PTG Capital Partners LTD. had made an offer to buy out Avon Products Inc. for $18.75 a share. As NPR put it on May 15, this was “a huge premium.” DealBook, on May 14, […]

BULLETIN: Zeek Receiver Names More International Clawback Defendants

BULLETIN: Zeek Receiver Names More International Clawback Defendants

BULLETIN: (Updated 8:41 p.m. EDT U.S.A.) Zeek Rewards’ receiver Kenneth D. Bell has filed an amended clawback lawsuit that names 10 more defendants with addresses in the British Virgin Islands. Bell earlier sued five individuals with BVI addresses. One of the new defendants is alleged to have received more than $2.036 million from the Zeek […]

DEVELOPING STORY: Did Colombian Narcotics Cartel Use TelexFree To Wash Cash?

DEVELOPING STORY: Did Colombian Narcotics Cartel Use TelexFree To Wash Cash?

Headline Updated 12:15 p.m. EDT Published reports in the Dominican Republic say authorities there are trying to determine if a man arrested in a Colombian money-laundering case involving the Clan Úsuaga narcotics cartel also was involved in TelexFree. Early reports are sketchy. Dominican media have identified the man as Jorge Mercedes Cedeño, describing him as […]

ZEEK: New Zealand Clawback Defendant With Alleged Username Of 'sovlife' Challenges U.S. Court's Jurisdiction

ZEEK: New Zealand Clawback Defendant With Alleged Username Of ‘sovlife’ Challenges U.S. Court’s Jurisdiction

UPDATED 9:37 P.M. EDT U.S.A. David Ian MacGregor Fraser, a New Zealand resident who allegedly used the Zeek Rewards’ username of “sovlife,” has challenged a U.S. Court’s jurisdiction over him in a clawback lawsuit filed in February by Zeek receiver Kenneth D. Bell. Bell alleged that David Ian MacGregor Fraser received $89,722 from Zeek’s “unlawful […]