Archive for May 31st, 2010

KABOOM! Affidavit In Pathway To Prosperity Case Paints Picture Of Wanton Criminality; Complaint References TalkGold, ASAMonitor, MoneyMakerGroup Posts; United States Throws Down Gauntlet

KABOOM! Affidavit In Pathway To Prosperity Case Paints Picture Of Wanton Criminality; Complaint References TalkGold, ASAMonitor, MoneyMakerGroup Posts; United States Throws Down Gauntlet

Federal prosecutors serving under U.S. Attorney A. Courtney Cox of the Southern District of Illinois have thrown down the gauntlet, declaring that “[a] large percentage, if not all, HYIPs, are Ponzi schemes.” In a criminal complaint and accompanying affidavit that only can be described as remarkable, prosecutors and the U.S. Postal Inspection Service said the […]

OBTAINED: Feds’ Affidavit In Nick Smirnow/P2P Case; Full Story To Follow

OBTAINED: Feds' Affidavit In Nick Smirnow/P2P Case; Full Story To Follow

The PP Blog has obtained an affidavit filed by the U.S. Postal Inspection Service in the Nicholas A. Smirnow/Pathway To Prosperity (P2P) case. Smirnow was charged criminally Friday with operating an international Ponzi scheme that fleeced more than 40,000 investors. Smirnow, according to investigators, has: A. A 2002 conviction for the crime of breaking and […]

REQUIEM FOR THE FORUM PIMPS? Court Documents In Legisi Case Reference Secret Service, MoneyMakerGroup Ponzi Forum; SEC Has Postings From Legisi’s ‘Private’ Forum, Too

REQUIEM FOR THE FORUM PIMPS? Court Documents In Legisi Case Reference Secret Service, MoneyMakerGroup Ponzi Forum; SEC Has Postings From Legisi's 'Private' Forum, Too

HYIP or autosurf Ponzi promoter? Player? Forum “expert?” Moderator? Cheerleader? Get ready for a surprise: Your downline perhaps already has identified you as a pimp or even one of the masterminds. If your plan is to continue to promote the programs on the Ponzi forums and though emails, you should know that things could be […]