BREAKING NEWS: Criminal Probe Under Way Into Practices Of Regenesis 2×2 Matrix; Secret Service Executed Search Warrants In Washington State Amid Ponzi And Wire Fraud Concerns

The U.S. Secret Service is conducting yet-another investigation into the practices of an Internet-based business amid Ponzi allegations. Agents have seized computers and business records from Regenesis Marketing Corp., which operates online as Regenesis 2×2 at this website.

A felon on federal probation was an integral part of the company, according to court records. Meanwhile, federal agents said they found the personal records of customers in a Dumpster.

Regenesis 2×2 sells what it calls “commission centers” for $325 and touts itself as “THE ECONOMIC STIMULUS PLAN FOR YOU.”

Seized were envelopes containing credit cards, debit cards and financial statements; 13 Priority Mail envelopes and 10 First Class Mail envelopes; and various computers, computer equipment and business records.

Screen shot of Regenesis 2x2 video

Screen shot of Regenesis 2x2 video

In court documents, the Secret Service revealed Regenesis 2X2 had been under surveillance for five weeks prior to the government applying for multiple search warrants, which were approved by a federal magistrate judge July 17.

The case has featured surveillance at multiple locations, including a UPS Store in Kirkland, Wash., that the company used as a mailing address. Business actually was conducted elsewhere in Washington state, including the town of Snoqualmie, according to court filings.

No charges have been filed and the website continues to resolve to a server. The Secret Service, however, laid out allegations of an elaborate fraud involving multiple individuals, multiple bank accounts, multiple addresses and multiple company names, including a firm known as Streamline Media of both Reno, Nev. and Kirkland.

Agents observed complaint letters directed at the firm being discarded into a Dumpster that was kept under constant surveillance. Also found in the Dumpster were copies of checks sent in by customers, other documents that included customers’ names and information to identify them personally, complaint faxes sent by customers and a letter from a law firm complaining about false, misleading and deceptive advertising, according to court filings.

In one case in which agents were observing one of the adult principals in the case, they observed a youth described as a teenager exiting a vehicle and “struggling with a large arm full of opened business and UPS Priority Mail envelopes,” the Secret Service said in court filings.

The juvenile entered a building and “then immediately came back outside and discarded the materials into an alley [D]umpster,” agents said.

Agents identified the adult under surveillance as a person “arrested by the Internal Revenue Service out of Las Vegas, Nevada[,] for felony violations related to Illegal Money Laundering from Securities Fraud and Wire Fraud” in a previous case.

The subject under surveillance was on federal probation, agents said.

Assisting the Secret Service in the probe are the Federal Trade Commission, the Seattle Police Department, the Kirkland Police Department, and the Washington state Department of Revenue, Employment Security Department and Department of Licensing.

About the Author

18 Responses to “BREAKING NEWS: Criminal Probe Under Way Into Practices Of Regenesis 2×2 Matrix; Secret Service Executed Search Warrants In Washington State Amid Ponzi And Wire Fraud Concerns”

  1. I wonder what other online programs the Secret Service is checking.. This past week has really been eventful regarding the auto surfs…

    AVGA rumors of firing the staff, Biz Ad Splash members on pins and needles, Adgate world selling out, and now Regenesis! Makes you wonder which one is next in line! lol

    Steve

      (Quote)

  2. One of the big pimps of this obvious ponzi scheme appears to be someone called Jason Hawkin who openly gives his phone number as 636-294-3322. As if often the case, these ponzi pimps cannot just promote one fraudulent scheme, Jason is also promoting Ad-Ventures4u. I’ve seen several ex-ASD promoters also pimping Ad-Ventures4u, including the well known ponzi pimps TeamAaronShara.

    Out of interest is this:
    http://www.bbb.org/western-washington/business-reviews/work-at-home-cos/regenesis-2×2-in-kirkland-wa-22506834
    That link seems to show that a “Mr Johnny Clever” is the principle behind this scam. My first thought is that that must be a fake name.

    This:http://www.free-press-release.com/news/200905/1243713055.html
    shows the name “JW Snyder” as the “owner”.

    In the same way that ASD spawned AVG, there are claims that Regenesis 2×2 is spawning something called Trading Places 2×2, using the same “business” model.

      (Quote)

  3. Ken Russo was also a huge promoter of this and even bragged about how much he was making. LOL Guess thats over now Ken. This is one of the promoters that needs to be stopped.

      (Quote)

  4. Holy crap, this was going on right in my backyard!

      (Quote)

  5. Steve Watt: I wonder what other online programs the Secret Service is checking.. This past week has really been eventful regarding the auto surfs…AVGA rumors of firing the staff, Biz Ad Splash members on pins and needles, Adgate world selling out, and now Regenesis! Makes you wonder which one is next in line! lolSteve

    You can add ABG to that list, as they ran with the money. But then you already knew this. Just surprised you did not add it to your list above.

    I can tell you this, it is not over by a long shot. More will be coming soon. Just don’t know how soon.

      (Quote)

  6. Hmm, ASA Forum is down again. The last few weeks have been pretty hard on Jake and his merry band of thieves.

      (Quote)

  7. All these ‘schemes’ (Ponzi’s) remind me of the flu……Just when you think they’ve wore themselves out…they sprout back! Maybe someday all the names of these gangsters will be made public and nobody will want to deal with them!

      (Quote)

  8. Lynndel,

    Your right! I forgot about that one…. I was a member of that one too! never funded it though.. I recall the email I received from a top ABG investor…. man of man was she pissed off..

    Might need to dig through my emails and pull that one out…

      (Quote)

  9. Steve Watt: Your right! I forgot about that one….

    That’s interesting, Steve, in view of these two links that were recently on your website (I haven’t checked to see if they’re still there).

    Here’s the pitch:
    http://www.thejoyluckclub.com/Aquire/2NewMLM.htm

    But then you posted this when the scam collapsed:
    http://www.thejoyluckclub.com/Acquire_Benfit_Group_Letter_From_Kathy_Carney.htm

      (Quote)

  10. Thanks Pat,

    You seem to know more about my site than me! lol
    I think I might have funded this one after all.. for 98 dollars..
    Ive probably joined about 30 programs in the last 6 months… hard to keep track of things…

    But yes, that’s the lettter I was referring too..

      (Quote)

  11. Steve Watt: Ive probably joined about 30 programs in the last 6 months…

    But Steve, I thought I read one of your posts where you sais, in effect, “I was blind, but now I see” – and said you were out of the game. A I wrong about that?

      (Quote)

  12. Sais = said

      (Quote)

  13. ReGenesis scammed me too and I have filed complaints with BBB and FTC. If you any of you have taken further action that you find effective, let me know. I would also like my money back.

    Billy
    regenesisincome@gmail.com

      (Quote)

  14. They took $650 from me. Is anyone getting their money back? If so, tell me what I need to do to get all or part of mine back as well. Also, has anyone heard of 2plus7. It’s only $27, but is it legitimate?

      (Quote)

  15. Lee,

    I’ve heard of it — clear illegal pyramid scheme…..

    Lee Harrison: They took $650 from me. Is anyone getting their money back? If so, tell me what I need to do to get all or part of mine back as well. Also, has anyone heard of 2plus7. It’s only $27, but is it legitimate?

      (Quote)

  16. Lee Harrison: Also, has anyone heard of 2plus7. It’s only $27, but is it legitimate?

    No, of course not. It’s a cycler. The whole point of this is to sell the opportunity to someone else to get referral fees. Or more accurately, your upstream gets referral fees.

    From http://www.mlmhelpdesk.com/2009/08/06/mlm-company-review-2plus7-not-a-legit-mlm-opportunity/

    2Plus7.com is an online money game, with no real viable product. They do offer several so called benefits, when you look at the “fair market value” you soon realize this is nothing more than a method to try and circumvent FTC and local laws on running a legitimate MLM.

    It’s an illegal pyramid scheme. Run away. Don’t waste your money.

      (Quote)

Leave a Reply