Archive for June 13th, 2010

UPDATE: PP Blog Stories Lost In Migration To New Hosting Platform Retrieved; Some Problems Related To Platform Migration Still Unresolved

UPDATE: PP Blog Stories Lost In Migration To New Hosting Platform Retrieved; Some Problems Related To Platform Migration Still Unresolved

Dear Readers, As we noted here, our migration to a new hosting platform — undertaken by our hosting company on Friday — resulted in some problems. In the hours after the migration, we were unable to retrieve data on posts between June 2 and June 11 that somehow went missing. We reassembled data on these […]

Affiliate Links Show That Surf’s Up Mod And ASD Members Hold High Positions In Upstart Surf: Things To Consider If You Are Tempted To Join AdPayDaily

Affiliate Links Show That Surf's Up Mod And ASD Members Hold High Positions In Upstart Surf: Things To Consider If You Are Tempted To Join AdPayDaily

Dear Readers, We have received a few inquiries about a new surfing program called AdPayDaily (APD). Our initial take is that the program is a dressed-up version of AdSurfDaily, AdViewGlobal, BizAdSplash and AdGateWorld and that the operators are persuaded they’ve found a word combination and legal structure that will neutralize critics and law enforcement should […]

BULLETIN: SEC Accuses Four Canadian Businessmen, Two Florida Attorneys Of Perpetrating $300 Million Ponzi Scheme

BULLETIN: SEC Accuses Four Canadian Businessmen, Two Florida Attorneys Of Perpetrating $300 Million Ponzi Scheme

Question: What’s the second-largest Ponzi scheme in the news in South Florida this week? Answer: The alleged $300 million Ponzi scheme perpetrated by Milowe Allen Brost, Gary Allen Sorenson and Bradley Dean Regier of Calgary; Ward K. Capstick, a Canadian citizen who lives in Snohomish, Wash; Larry Lee Adair of Fort Lauderdale, Fla., and Martin […]

Ponzi Operator D.J. Harriett Pleads Guilty; Tells Judge He Attempted Suicide During Scheme’s Collapse And Also Is Suffering From Cancer

Ponzi Operator D.J. Harriett Pleads Guilty; Tells Judge He Attempted Suicide During Scheme's Collapse And Also Is Suffering From Cancer

An Ohio man who fleeced more than 200 people in a $7 million Ponzi scheme tried to commit suicide in November when the scheme was collapsing and also is suffering from pancreatic cancer, the Warren Tribune-Chronicle is reporting. The story of David J. Harriett demonstrates the enormous emotional pressure on both perpetrators and victims in […]

FTC Issues Warning On Oil-Spill Schemers; Be On The Look Out For Insurance, Contracting, Jobs And Charity Scammers

FTC Issues Warning On Oil-Spill Schemers; Be On The Look Out For Insurance, Contracting, Jobs And Charity Scammers

As the attention of the United States and much of the world is riveted on the oil gusher in the Gulf of Mexico, the Federal Trade Commission is warning consumers that schemers will try to take advantage of the environmental disaster to lines their own pockets. “It’s no secret that scam artists follow the headlines, […]

BULLETIN: Ponzi Swindler And Racketeer Scott Rothstein Sentenced To 50 Years In Federal Prison For $1.2 Billion Scam; Schemer Forged Judges’ Signatures, Threatened Reporter

BULLETIN: Ponzi Swindler And Racketeer Scott Rothstein Sentenced To 50 Years In Federal Prison For $1.2 Billion Scam; Schemer Forged Judges' Signatures, Threatened Reporter

BULLETIN: Scott Rothstein, the disbarred Florida lawyer who sold interests in nonexistent legal settlements, forged the signatures of federal judges on court documents to hoodwink investors and keep money flowing to his $1.2 billion Ponzi scheme and threatened to sue a reporter asking tough questions, has been sentenced to 50 years in federal prison. Rothstein, […]

SEC: Texas ‘Man Of God’ Ran Nigerian ‘Oil Tanker’ Scheme On Elderly Christians Who Believe He’ll Still Deliver; One Widow May Be Out More Than $1 Million

SEC: Texas 'Man Of God' Ran Nigerian 'Oil Tanker' Scheme On Elderly Christians Who Believe He'll Still Deliver; One Widow May Be Out More Than $1 Million

EDITOR’S NOTE: The allegations against Samuel O. LeMaire are alarming. The case against him may prove to be one that demonstrates how vulnerable people of faith may be to affinity fraud while at once demonstrating how victims don’t want to believe they’ve been fleeced by a con artist even when the evidence is overwhelming. As […]

BULLETIN: Ponzi Suspect Alan Todd May, On Lam From Dallas And Wanted By U.S. Secret Service, Captured In San Francisco

BULLETIN: Ponzi Suspect Alan Todd May, On Lam From Dallas And Wanted By U.S. Secret Service, Captured In San Francisco

BULLETIN: Ponzi suspect Alan Todd May of Dallas has been captured by the U.S. Marshals Service in San Francisco. May, 45, was wanted by the U.S. Secret Service. In March, the SEC accused May of running an oil-and-gas Ponzi scheme through companies variously known as Prosper Oil & Gas Inc. and Prosper Energy Inc. May, […]

Head Of Justice Department’s Criminal Division Announces Guilty Plea Of Texas Man In Commodities Ponzi Case; Multiagency Crackdown Against Scammers Continues

Head Of Justice Department's Criminal Division Announces Guilty Plea Of Texas Man In Commodities Ponzi Case; Multiagency Crackdown Against Scammers Continues

In yet another sign that U.S. policy is to turn up the heat on Ponzi and HYIP purveyors, the head of the Justice Department’s Criminal Division announced the guilty plea of a Texas man accused both criminally and civilly of running a Forex HYIP and Ponzi scheme. Ray M. White, 51, of Mansfield, faces up […]

EDITORIAL: Grab Your Umbrella And Air Freshener: Data Network Affiliates’ Vomit Spigot Wide Open And Raining Down On World Of MLM

EDITORIAL: Grab Your Umbrella And Air Freshener: Data Network Affiliates' Vomit Spigot Wide Open And Raining Down On World Of MLM

EDITOR’S NOTE: Readers with queasy tummies are duly cautioned that this post is on the subject of MLM vomit. No, the troops aren’t packaging and selling regurgitated stomach juice and chunky bits that pay commissions 10 levels deep — at least not yet. This post discusses MLM advertising vomit as practiced by Data Network Affiliates, […]

APOLOGISTS INTERRUPTED: Two Court Rulings Show That HYIP Operators, Players Setting Stage For Painful Downfalls, Foreclosures; Woman Loses Home While New Mom Loses Everything

APOLOGISTS INTERRUPTED: Two Court Rulings Show That HYIP Operators, Players Setting Stage For Painful Downfalls, Foreclosures; Woman Loses Home While New Mom Loses Everything

EDITOR’S NOTE: UPDATED 9:22 P.M. EDT (June 7, 2010, U.S.A.) This post is presented in seven parts. With the exception of the lengthier introduction, each part includes six to eight paragraphs. You’ll see a “GO TO PAGE” prompt at the bottom of each section. Simply click on the next page number to continue reading. The […]