No Immediate Comment From Federal Reserve On Claims Related To Emerging BitClub Network ‘Program’

No Immediate Comment From Federal Reserve On Claims Related To Emerging BitClub Network 'Program'

The PP Blog today contacted the Board of Governors of the Federal Reserve System, owing to claims concerning the emerging BitClub Network “program” that is being pitched by certain members of the $850 million Zeek Rewards Ponzi- and pyramid scheme. Known in shorthand as the Fed, the Federal Reserve is the central bank of the […]

British Women Convicted For Roles In Cash-Gifting Pyramid Scheme With Bridal Theme

British Women Convicted For Roles In Cash-Gifting Pyramid Scheme With Bridal Theme

In May 2012, three American women and alleged “leaders” of a cash-gifting pyramid scheme were arrested in Connecticut for their roles in the purported “opportunity,” a pyramid that featured so-called “Women’s Gifting Tables” and had a food theme. Two of the woman later were sentenced to prison. The third woman was placed on three years’ […]

Warrant Issued For Arrest Of Eric Matthew Frein, Pennsylvania Man Suspected Of Ambushing 2 State Troopers At Rural Barracks In Cowardly Nighttime Attack

Warrant Issued For Arrest Of Eric Matthew Frein, Pennsylvania Man Suspected Of Ambushing 2 State Troopers At Rural Barracks In Cowardly Nighttime Attack

2nd Update 11:35 p.m. to note that Frein has been added to the FBI’s 10 Most Wanted Fugitive List. Normalcy has not returned to Monroe County in the Pocono Mountains region of Northeastern Pennsylvania. Two troopers allegedly were ambushed outside their barracks in a nighttime, shift-change attack at the Blooming Grove station in nearby Pike […]

Major Counter-Terrorism Operation Aimed At Alleged ISIS Supporters Announced In Australia; Police Seize Sword, Weapons; Random Attacks Planned Against Members Of Public, Police Say

Major Counter-Terrorism Operation Aimed At Alleged ISIS Supporters Announced In Australia; Police Seize Sword, Weapons; Random Attacks Planned Against Members Of Public, Police Say

The largest counter-terrorism campaign in Australia’s history reportedly is under way today, with officials saying one or more individuals with links to ISIS planned random attacks against members of the Australian public to demonstrate the reach of the terrorist group. ISIS is associated with beheadings. Two American journalists and a British aid worker have been […]

Launch Of Murky BitClub Network 'Program' Appears To Be Under Way

Launch Of Murky BitClub Network ‘Program’ Appears To Be Under Way

Much remains murky about BitClub Network, a Bitcoin-themed “program” that in typical HYIP fashion missed at least three advertised launch dates earlier this month. The launch, however, now appears to have gotten under way shortly after “2 p.m. EST” today, a possible indicator that the “program” is using Panama time. One promo the PP Blog […]

BULLETIN: MLM Attorney Jeffrey Babener Told TelexFree It Was Operating Pyramid Scheme Months Before Collapse, But MLM 'Program' Continued To Collect Money, Bankruptcy Trustee Says

BULLETIN: MLM Attorney Jeffrey Babener Told TelexFree It Was Operating Pyramid Scheme Months Before Collapse, But MLM ‘Program’ Continued To Collect Money, Bankruptcy Trustee Says

BULLETIN: (2nd Update 5:26 p.m. EDT Sept. 16 U.S.A.) The court-appointed trustee in the TelexFree bankruptcy case says in court filings that MLM attorney Jeffrey Babener advised TelexFree in August 2013 that it was operating a pyramid scheme. TelexFree nevertheless continued to collect money, Trustee Stephen B. Darr said. Just two months earlier — in […]

Attorney General References ISIS Recruiting Efforts; 'We Have Established Processes For Detecting American Extremists Who Attempt To Join Terror Groups Abroad,' Holder Says

Attorney General References ISIS Recruiting Efforts; ‘We Have Established Processes For Detecting American Extremists Who Attempt To Join Terror Groups Abroad,’ Holder Says

“Today, few threats are more urgent than the threat posed by violent extremism. And with the emergence of groups like ISIL, and the knowledge that some Americans are attempting to travel to countries like Syria and Iraq to take part in ongoing conflicts, the Justice Department is responding appropriately.” — Eric Holder, U.S. Attorney General, […]

Sickening Beyond Measure: The Beheading Of British Aid Worker David Haines

Sickening Beyond Measure: The Beheading Of British Aid Worker David Haines

In recent days, two American journalists have been beheaded by ISIS, a terrorist group that has taken over lands in Iraq and Syria. Now, British aid worker David Haines apparently also has been beheaded. Also see: The Guardian. BBC News. The Telegraph. ABC News.  

BULLETIN: Government Of Colombia Investigates TelexFree, Ties

BULLETIN: Government Of Colombia Investigates TelexFree, Ties

BULLETIN: The government of Colombia appears to be seizing assets linked to four Colombians with alleged ties to TelexFree, which authorities in the United States have described as a massive cross-border pyramid- and Ponzi scheme. La Superintendencia de Sociedades, Colombia’s Superintendency of Companies, has published notices of the action. (See link to document (Spanish) below.) […]

UPDATE: BitClub Network Launch Reportedly Delayed -- Again

UPDATE: BitClub Network Launch Reportedly Delayed — Again

UPDATE: There are reports on Twitter that the launch of the murky BitClub Network “program” has been delayed. This would be the third postponement. A purported “enormous opportunity in Bitcoin Mining,” according to veteran HYIP huckster and alleged Zeek Rewards Ponzi “winner” T. LeMont Silver,  BitClub Network advertised a Sept. 1 launch date. Promoters of […]

Obama To Address Nation On ISIS Threat

BULLETIN: (Updated 2:09 p.m. EDT U.S.A.) The White House has announced that President Obama will address the American people at 9 p.m. EDT tomorrow on the threat posed by ISIS, a terrorist group that has seized lands in Iraq and Syria. ISIS, the asserted Islamic State in Iraq and Syria, also is known as ISIL. […]