SALT LAKE TRIBUNE: No Decision Reached At Traffic Monsoon Hearing Today

BRIEF: Lots of people are awaiting word on what happened today at the big Traffic Monsoon hearing in Salt Lake City. In a story titled “Age of the Internet creates questions in alleged international Ponzi scheme case,” The Salt Lake Tribune is reporting this evening that U.S. District Judge Jill Parrish has taken the issues […]

Bogus Magazine Cover Depicts Alleged Ponzi Schemer Charles Scoville Of Traffic Monsoon As 2016's Best CEO

Bogus Magazine Cover Depicts Alleged Ponzi Schemer Charles Scoville Of Traffic Monsoon As 2016’s Best CEO

DISCLOSURE: The PP Blog is a Google publisher. A bogus cover of Forbes magazine circulating on Facebook depicts SEC Ponzi defendant Charles Scoville of Traffic Monsoon as the “BEST” CEO of 2016 — all while misspelling his last name. The image, which falsely showcases the Forbes’ issue as a “LIMITED EDITION,” appears today on the […]

In Immigration Fraud Case, TelexFree Figure Sann Rodrigues Sentenced To Time Served And 2 Years' Supervised Release

In Immigration Fraud Case, TelexFree Figure Sann Rodrigues Sentenced To Time Served And 2 Years’ Supervised Release

UPDATED 1:56 P.M. ET U.S.A. TelexFree figure Sann Rodrigues could have been sentenced to 10 years for immigration fraud. Instead, he was sentenced yesterday to time served. The office of U.S. Attorney Carmen Ortiz of the District of Massachusetts said early this afternoon that Rodrigues ended up spending 57 days behind bars after his May […]

Merrill's U.S. Plea Requires Him To Cooperate With Brazilian Federal Police

Merrill’s U.S. Plea Requires Him To Cooperate With Brazilian Federal Police

If Brazil’s Federal Police wish to ask him about TelexFree’s involvement in wire fraud and an underlying conspiracy, James Merrill is required to provide a “complete and truthful proffer,” according to the terms of his plea agreement with U.S. prosecutors in Massachusetts. Merrill, 55, of Ashland, Mass., also is required to cooperate with U.S. agencies that […]

James Merrill, TelexFree's President, Pleads Guilty

James Merrill, TelexFree’s President, Pleads Guilty

3RD UPDATE 2:56 P.M. EDT OCT 25 U.S.A. James Merrill, the president of TelexFree, has pleaded guilty to eight counts of wire fraud and one count of conspiracy in Massachusetts federal court. Merrill, 55, of Ashland, Mass., is scheduled to be sentenced in February. “The significance of a guilty plea in a case of this magnitude cannot […]

URGENT >> BULLETIN >> MOVING: TelexFree's James Merrill To Plead Guilty, Reports Say

URGENT >> BULLETIN >> MOVING: TelexFree’s James Merrill To Plead Guilty, Reports Say

9TH UPDATE 2:08 P.M. EDT U.S.A. U.S. District Judge Timothy S. Hillman’s calendar shows a plea hearing for TelexFree operator James Merrill at 2:30 p.m. Monday at the federal courthouse in Worcester, Mass. The Boston Globe, citing the “U.S. Attorney,” is reporting Merrill will plead guilty “to fraud and other charges.”  The Telegram & Gazette also is reporting […]

WCM777 Receiver Proposes To Disallow Huge Percentage Of Claims; Some 'Leaders' Allegedly 'Perpetrated Their Own Side Scheme'

WCM777 Receiver Proposes To Disallow Huge Percentage Of Claims; Some ‘Leaders’ Allegedly ‘Perpetrated Their Own Side Scheme’

Because we’re writing about the uber-bizarre HYIP wing of MLM/direct sales, we’ll emphasize at the beginning of this story that the WCM777’s receiver’s recommendation to a federal judge to disallow nearly 85 percent of filed claims DOES NOT MEAN she gets to pocket the money from the disallowed claims. HYIP hucksters are infamous for recklessly […]

Firm In Which TelexFree Figure Faith Sloan Allegedly Hid Money Charged With Fraud In Separate Case

Firm In Which TelexFree Figure Faith Sloan Allegedly Hid Money Charged With Fraud In Separate Case

  UPDATED 12:14 P.M. EDT U.S.A. Back in April 2014, the SEC charged online huckster Faith Sloan with fraud for pushing the TelexFree scheme. Two month later, in June 2014, the SEC accused Sloan of violating the TelexFree asset freeze by sending nearly $15,000 to an online scheme known as Changes Worldwide LLC for the purchase of “business […]

REPORT: Nicholas Smirnow, Pathway To Prosperity Operator, Sentenced To Prison In Canada

REPORT: Nicholas Smirnow, Pathway To Prosperity Operator, Sentenced To Prison In Canada

Nicholas Smirnow, the operator of the Pathway To Prosperity Ponzi-board “program” charged with fraud by U.S. authorities in 2010, has been sentenced in Canada to seven years in prison. News of the sentence appeared Sept. 30 at MuskokaRegion.com. Smirnow was arrested in Canada for P2P-related crimes in 2014. The United States has submitted an extradition […]

EDITORIAL: Traffic Monsoon Apologist Goes All-Trump, Calls Receiver 'Piggy' And 'Lying Cow'

EDITORIAL: Traffic Monsoon Apologist Goes All-Trump, Calls Receiver ‘Piggy’ And ‘Lying Cow’

UPDATED 3:51 P.M. EDT U.S.A. Peggy Hunt, a partner at Dorsey & Whitney in Salt Lake City, is the court-appointed receiver in the SEC’s Ponzi- and securities-fraud case against Traffic Monsoon and Charles David Scoville. Her impressive Dorsey bio says she has worked in the areas of bankruptcy and receivership law for more than 25 years […]

BULLETIN: Judge Certifies Class-Action Lawsuit Against 15,000 Alleged TelexFree 'Winners' In United States

BULLETIN: Judge Certifies Class-Action Lawsuit Against 15,000 Alleged TelexFree ‘Winners’ In United States

BULLETIN: U.S. Bankruptcy Judge Melvin S. Hoffman has certified a defendant class-action lawsuit brought by TelexFree Trustee Stephen B. Darr against about 15,000 alleged TelexFree “net winners” in the United States. The ruling means “clawback” cases against alleged U.S. winners will proceed. Darr has alleged aggregate payments to the domestic net winners exceed $100 million and must […]