Archive for September 2010

INCREDIBLE: Florida — Again: SEC Files Complaint Against Purported ‘Gold’ Mining Operation In Miami Known As Quri Resources And Its CEO, Jaime Santiago Gomez

INCREDIBLE: Florida -- Again: SEC Files Complaint Against Purported 'Gold' Mining Operation In Miami Known As Quri Resources And Its CEO, Jaime Santiago Gomez

BULLETIN: The SEC has gone to federal court in Florida to accuse Quri Resources Inc. and its Chief Executive Officer Jaime Santiago Gomez of operating a pump-and-dump scheme to drive up the price of Quri’s unregistered stock. It was the second major action in Florida today against companies and individuals who allegedly were running stock-fraud […]

Sales Video For MPB Today Uses Class Envy To Target Food Stamp Recipients; ‘Refer Your Friends,’ Promo Urges

Sales Video For MPB Today Uses Class Envy To Target Food Stamp Recipients; 'Refer Your Friends,' Promo Urges

EDITOR’S NOTE: A YouTube video that encourages Food Stamp recipients to become affiliates of the MPB Today MLM program has been online for more than a month. The video implies MPB Today’s purportedly high shipping costs are a good reason for people who receive government aid to become MPB Today affiliates. MPB Today says it […]

BULLETIN: Florida — Again: SEC Sues Atlantis Technology Group In Alleged Online Television Pump-And-Dump Scheme; CEO Christopher M. Dubeau Threatened ‘Bashers’ For Making ‘Slanderous’ Postings, March News Release Says

BULLETIN: Florida -- Again: SEC Sues Atlantis Technology Group In Alleged Online Television Pump-And-Dump Scheme; CEO Christopher M. Dubeau Threatened 'Bashers' For Making 'Slanderous' Postings, March News Release Says

BULLETIN: UPDATED 10:51 A.M. EDT (U.S.A., Oct. 1.) About six months after the chief executive officer of Atlantis Technology Group (Atlantis) was quoted in a Marketwire news release that threatened online commentators for “making slanderous postings” about the company, the SEC has gone to federal court in Florida to accuse Atlantis CEO Christopher Dubeau and […]

ASA Monitor Ponzi And Criminals’ Forum Locks MPB Today Thread — Again; Naysayers Scolded By Mod For Challenging ‘Ken Russo’

ASA Monitor Ponzi And Criminals' Forum Locks MPB Today Thread -- Again; Naysayers Scolded By Mod For Challenging 'Ken Russo'

EDITOR’S NOTE: The ASA Monitor Ponzi forum now has reopened its thread on the MPB Today MLM program — with a warning in red to “Play nice . . .” UPDATED 9:54 A.M. EDT (U.S.A.) A forum infamous for promoting Ponzi schemes and other criminal pursuits has locked the thread from which the MPB Today […]

Affiliate Promo Says MPB Today Website Fee Will Increase From $10 To $39 Oct. 1; Another Promo Claims ‘It Doesn’t Matter How’ The Program Works

Affiliate Promo Says MPB Today Website Fee Will Increase From $10 To $39 Oct. 1; Another Promo Claims 'It Doesn't Matter How' The Program Works

Will a new price increase that ups a website fee from $10 to $39 cause scores of MPB Today affiliates to change their promos to reflect the price change? Or will the MPB Today affiliates behave like some promoters of Data Network Affiliates (DNA) and just leave old information in videos and on websites and […]

Another MPB Today Pitch Page That Uses Walmart’s Name In Registered Domain Surfaces; More Check-Waving Promos Using Name Of Distressed Bank Elsewhere On Web

Another MPB Today Pitch Page That Uses Walmart's Name In Registered Domain Surfaces; More Check-Waving Promos Using Name Of Distressed Bank Elsewhere On Web

Another website that pitches the MPB Today MLM program and uses Walmart’s name in a registered domain name has surfaced. This one was registered Sept. 11, and uses an address in Fort Lauderdale, Fla. Walmart is not the registered owner of the domain, and it is unclear if the registrant has the retail giant’s permission […]

TOILET-PAPER CAPER: Tipster Told FBI That Some Of Trevor Cook’s Ponzi Loot Was Stashed Behind Bathroom Tissue Dispenser; In Blistering Memo, SEC Says Cook’s Word ‘Not Worth The Paper That It Is Written On’

TOILET-PAPER CAPER: Tipster Told FBI That Some Of Trevor Cook's Ponzi Loot Was Stashed Behind Bathroom Tissue Dispenser; In Blistering Memo, SEC Says Cook's Word 'Not Worth The Paper That It Is Written On'

“Based on his track record, there is no reason to doubt — and every reason to believe — that [Trevor] Cook is hiding assets, and that he can do much, much more to recover stolen funds. Why else would Cook send millions of dollars to 14 foreign countries, including Dubai, Cyprus, Greece, Belize, Antigua, England, […]

BULLETIN: USDA Following Specific Leads In MPB Today Matter; Agency’s Food And Nutrition Arm Will ‘Take Appropriate Action As Needed’

BULLETIN: USDA Following Specific Leads In MPB Today Matter; Agency's Food And Nutrition Arm Will 'Take Appropriate Action As Needed'

BULLETIN: The U.S. Department of Agriculture (USDA) said this afternoon that the agency’s Food and Nutrition Service is following specific leads in the MPB Today matter and will “take appropriate action as needed.” For the first time, the agency used the word “investigate” in its remarks about MPB Today, an MLM tied to a purported […]

A CEP PONZI SCHEME TIE? MPB Today Member Says ‘Trevor Reed’ In His Organization; No Immediate Comment From USDA

A CEP PONZI SCHEME TIE? MPB Today Member Says 'Trevor Reed' In His Organization; No Immediate Comment From USDA

UPDATED 1:03 P.M. EDT (U.S.A.) Two days ago the PP Blog reported that a Sept. 20 “news release” for MPB Today’s purported “grocery” program solicited financially strapped Americans to sell $200 worth of Food Stamps to raise cash to join the Florida-based MLM. The Blog further reported that a name referenced in the news release […]

MPB TODAY SPONSOR ATTACKS FELLOW MEMBERS: Join My Group Because Other Uplines ‘Lying’ To Prospects; ‘People Are Gonna Try To BS You To Try To Get You To Join’

MPB TODAY SPONSOR ATTACKS FELLOW MEMBERS: Join My Group Because Other Uplines 'Lying' To Prospects; 'People Are Gonna Try To BS You To Try To Get You To Join'

An MPB Today sponsor is asserting in a YouTube video that his upline is honest — but that other uplines in the company consist of liars who are “gonna tell you whatever they think you’re gonna want to hear” in a bid to get you to join the Pensacola-based multilevel-marketing (MLM) program that purports to […]

FBI Says It Has Opened 291 New HYIP Cases And Has 780 Pending Cases Of High-Yield Fraud; Many Have ‘International Nexus,’ Agency Notes

FBI Says It Has Opened 291 New HYIP Cases And Has 780 Pending Cases Of High-Yield Fraud; Many Have 'International Nexus,' Agency Notes

How confident are you that the HYIP you’re flogging on the Ponzi boards isn’t already under investigation by any of a number of state or federal agencies? Court records show that the alleged Legisi HYIP Ponzi scheme (about $70 million) was under investigation by state and federal law-enforcement agencies even as promoters were pitching it. […]