Alleged Zeek ‘Winner’ Repeatedly Invokes Fifth Amendment In Clawback Case

Alleged Zeek 'Winner' Repeatedly Invokes Fifth Amendment In Clawback Case

UPDATED 3:07 P.M. EDT U.S.A. Darren Miller, an alleged winner of more than $1.635 million in Zeek Rewards and one of the lead defendants in a civil class-action clawback lawsuit filed by Zeek receiver Kenneth D. Bell, repeatedly has invoked his Fifth Amendment right not to incriminate himself, according to new court filings by Miller. In […]

URGENT >> BULLETIN >> MOVING: TelexFree Trustee Sues MLM Attorney Gerald Nehra

URGENT >> BULLETIN >> MOVING: TelexFree Trustee Sues MLM Attorney Gerald Nehra

URGENT >> BULLETIN >> MOVING: (6th Update 8 p.m. EDT U.S.A.) TelexFree Trustee Stephen B. Darr has sued MLM attorney Gerald Nehra and the Nehra and Waak law firm, alleging they were “actively involved” in promoting TelexFree’s Ponzi scheme and “duping” participants. Nehra and the firm have asked for more time to respond to the April 1 complaint, […]

DEVELOPING STORY: Phil Ming Xu Of WCM777 May Be Under Arrest In China

DEVELOPING STORY: Phil Ming Xu Of WCM777 May Be Under Arrest In China

UPDATED 3:11 P.M. EDT U.S.A. A report dated today at ShanghaiDaily.com says an individual “surnamed Xu” and associated with “World Capital Market Inc.” is “now in custody” after a police action against a “pyramid scheme” in China. The PP Blog has contacted the U.S. Securities and Exchange Commission to determine if the person reportedly under […]

Individual Linked To Payment Processor For 'MyAdvertisingPays' Scheme Listed In Panama Papers

Individual Linked To Payment Processor For ‘MyAdvertisingPays’ Scheme Listed In Panama Papers

Roger Alberto Santamaria Del Cid, an apparent nominee director for offshore companies who is listed as a corporate “subscriber” for VX Gateway in Panamanian business records, is referenced at least three times in the “Panama Papers.” The PP Blog discovered the Del Cid listings today. On Monday, the International Consortium of Investigative Journalists made its database of […]

Certain International Zeek Members Due Distribution From Receiver Eligible To Receive Wire Transfer — But There Are Restrictions

In a May 6 announcement, Zeek Rewards’ receiver Kenneth D. Bell shares important news with international Zeek members who have been unable to cash checks from the U.S.-based receivership estate. “Many foreign Affiliates have reported that they are unable to deposit or cash their distribution checks due to local banking fees and regulations. We filed […]

After FBI Probe, Ju Ding Inc. (Juding) Exposed As Ponzi, Feds Say; Wenxing Huang Arrested

After FBI Probe, Ju Ding Inc. (Juding) Exposed As Ponzi, Feds Say; Wenxing Huang Arrested

A fraudster who used “fancy cars and parties” to dupe investors has been arrested after an FBI investigation, said Eileen M. Decker, the top federal prosecutor in the Central District of California. Wenxing Huang, 33, of San Gabriel, has been charged with money-laundering and wire fraud in an alleged Ponzi scheme that gathered at least […]

TelexFree's Sann Rodrigues Pushing 'WowApp' For 'Every Day Gains,' Promo Says

TelexFree’s Sann Rodrigues Pushing ‘WowApp’ For ‘Every Day Gains,’ Promo Says

2ND UPDATE 2:22 P.M. EDT U.S.A. “WowApp,” which has a Facebook page that thanks the “deaf community” for joining, now is being pushed by TelexFree figure and alleged immigration fraudster Sann Rodrigues, according to a web promo. WowApp says it is a communications platform. It further says it is based in Hong Kong and urges members […]

At Least 24 International TelexFree 'Winners' Allegedly Received More Than $1 Million Each

At Least 24 International TelexFree ‘Winners’ Allegedly Received More Than $1 Million Each

On April 20, the PP Blog reported that TelexFree Trustee Stephen B. Darr had proposed to add dozens of U.S. defendants to a class-action lawsuit that seeks the return of gains from alleged “winners” in the judicially declared Ponzi- and pyramid scheme. Filings docketed on April 22 show that Darr also is seeking to add […]

CKB168 CASE: 2 Promoters Plead Guilty To Criminal Counts; 3 Others Face Trial

CKB168 CASE: 2 Promoters Plead Guilty To Criminal Counts; 3 Others Face Trial

Two U.S.-based promoters of the noxious CKB168 cross-border pyramid scheme aimed at Chinese-Americans have pleaded guilty to wire-fraud, the office of U.S. Attorney Eileen M. Decker of the Central District of California said. The SEC sued Cheong Wha “Heywood” Chang, 48, and his wife, Toni Chen, 47, in 2013. Federal prosecutors later charged them criminally, […]

Payza Reports Web Outage

Payza Reports Web Outage

Payza, an HYIP-friendly payment processor currently under fire from the receiver in the Zeek Rewards Ponzi- and pyramid-scheme case, is reporting on Twitter that it is experiencing a web outage. At the time of this PP Blog post, the outage appears to be more than four hours old. A post with no timestamp at the Payza […]

SEC, Trustee, Defense Attorneys Mum On Possible Deeper Ties Between TelexFree And DFRF Schemes

SEC, Trustee, Defense Attorneys Mum On Possible Deeper Ties Between TelexFree And DFRF Schemes

The SEC declined Friday to say whether two individuals named prospective defendants in a massive class-action lawsuit brought by the Trustee in the 2014 TelexFree bankruptcy case were the same two persons charged with securities fraud last year by the agency in the DFRF Enterprises/Daniel Fernandes Rojo Filho Ponzi- and pyramid-scheme case. On June 30, 2015, […]