Archive for May 2012

‘Sovereign’ Who Declared Himself ‘Governor’ Of Alabama And ‘Most Christian Prince’ Sentenced To 10 Years In Bizarre Tax Scheme; Monty Ervin’s Wife Also To Do Jail Stint

'Sovereign' Who Declared Himself 'Governor' Of Alabama And 'Most Christian Prince' Sentenced To 10 Years In Bizarre Tax Scheme; Monty Ervin's Wife Also To Do Jail Stint

Monty Ervin, the self-styled “sovereign citizen” who declared himself “governor” of Alabama in its “original jurisdiction” and a “Most Christian Prince,” has been sentenced to 10 years in federal prison for his role in scheme that masked the ownership of real estate by placing it in the names of bogus trusts and relied on structured […]

DONATION POST: PP Blog Needs Your Help To Get Through June

Dear Readers, This is always the hardest post of the month — the one in which I ask for your continued help to get through the upcoming month. The need right now is on the order of $300. That sum would take the instant crisis out of play. It has not been easy keeping the […]

Zeek Rewards MLM Says Affiliates Must Cash Checks ‘Immediately’ Because It Is Closing Accounts At 2 U.S. Banks

Zeek Rewards MLM Says Affiliates Must Cash Checks 'Immediately' Because It Is Closing Accounts At 2 U.S. Banks

UPDATED 8:18 A.M. EDT (MAY 29, U.S.A.) In a curious Memorial Day announcement placed below a representation of the American flag, the Zeek Rewards MLM “program” told affiliates they must cash commission checks “immediately” because Zeek is switching banks. “Zeek is currently in the process of moving to a bank that can handle our growing […]

SEC: California Scammer Traded On Agency’s Name To Sanitize $60 Million Fraud And Ponzi Caper; John A. Geringer And GLR Capital Management Charged With Fraud Amid Allegations ‘Fund’ Claimed Handsome Return Before It Even Existed

SEC: California Scammer Traded On Agency's Name To Sanitize $60 Million Fraud And Ponzi Caper; John A. Geringer And GLR Capital Management Charged With Fraud Amid Allegations 'Fund' Claimed Handsome Return Before It Even Existed

“Geringer painted the picture of a successful fund weathering America’s financial crisis through a diversified, conservative investment strategy. The reality, however, was the complete opposite. Geringer lost millions of dollars in the market, tied up remaining investor funds in a pair of illiquid private companies, and lied about it in phony account statements.” — Marc […]

URGENT >> BULLETIN >> MOVING: JSS/JBP’s Frederick Mann Admits Program Is Not Registered; Government Workers ‘Part Of A Criminal Gang Of Robbers, Thieves, Murderers, Liars, Imposters,’ Program Patriarch Says

URGENT >> BULLETIN >> MOVING: JSS/JBP's Frederick Mann Admits Program Is Not Registered; Government Workers 'Part Of A Criminal Gang Of Robbers, Thieves, Murderers, Liars, Imposters,' Program Patriarch Says

URGENT >> BULLETIN >> MOVING: (UPDATED 10:56 A.M. EDT (U.S.A.) Frederick Mann, the purported operator of JSS Tripler/JustBeenPaid, acknowledged in a conference call last night that the program that advertises a return of 60 percent a month is not registered with regulators. The acknowledgement, which potentially puts promoters worldwide at risk of being drawn into […]

Joyous Dog’s Death ‘A Sign Of GOD Telling You To Stop Publishing Fear And Meaningless Accusations Once And For All,’ HYIP Apologist Claims

Joyous Dog's Death 'A Sign Of GOD Telling You To Stop Publishing Fear And Meaningless Accusations Once And For All,' HYIP Apologist Claims

They’ll tell you that 2 percent a day (730 percent a year) is not too good to be true and that experts had performed “due diligence.” They’ll say their “program” is different from other schemes that either collapsed under their own weight or were brought down by the government. They’ll position themselves as free-market entrepreneurs, […]

RECOMMENDED READING: Keith Simmons Sentenced To 50 Years In Federal Prison For ‘Black Diamond’ Ponzi Scheme That Allegedly Sparked Second Ponzi And Offshore Tax Scam Through Entity Known As ‘Sovereign Grace Inc.’

RECOMMENDED READING: Keith Simmons Sentenced To 50 Years In Federal Prison For 'Black Diamond' Ponzi Scheme That Allegedly Sparked Second Ponzi And Offshore Tax Scam Through Entity Known As 'Sovereign Grace Inc.'

Keith F. Simmons, whose monumentally bizarre Ponzi scheme put a North Carolina bank in harm’s way, has been sentenced to 50 years in federal prison. The Charlotte Observer was first with the story this afternoon. Simmons is 47. Among the allegations in case is that hucksters who’ve been charged both civilly and criminally conducted no […]

EDITORIAL: Stepfords At The Gate: Zeek Trots Out ‘Social Security’ Argument In Preemptive Pyramid Scheme Denial; MLM ‘Program’ Married To Penny-Auction Site Makes Its Bizarre Case With Exclamation Points

EDITORIAL: Stepfords At The Gate: Zeek Trots Out 'Social Security' Argument In Preemptive Pyramid Scheme Denial; MLM 'Program' Married To Penny-Auction Site Makes Its Bizarre Case With Exclamation Points

UPDATED 11:12 A.M. EDT (U.S.A.) After the U.S. Secret Service seized tens of millions of dollars in the AdSurfDaily Ponzi case in 2008, some of ASD’s Stepfordian members advanced the bizarre theory that ASD should have been left untouched because Social Security — a U.S. government program — is a Ponzi scheme. The argument, which […]

MADDY: 2008-2012: Wonderment, Joy, Optimism, Unqualified Love For Humanity

MADDY: 2008-2012: Wonderment, Joy, Optimism, Unqualified Love For Humanity

Dear Readers, My beloved Maddy died Friday. She’d been sick for three weeks. Maddy turned four on April 1 — the birthdate I assigned her. I don’t really know when Maddy actually was born. She was a shelter puppy, a gift from God presented to me by my worried family during some of the most […]

WILL JSS/JBP AND ‘ONEX’ MEMBERS PAY ATTENTION? Andy Bowdoin’s Plea Agreement Bans Him From MLM, Internet Programs And Mass Marketing; ‘I Am Pleading Guilty Because I Am In Fact Guilty . . .,’ AdSurfDaily Patriarch Tells Judge

WILL JSS/JBP AND 'ONEX' MEMBERS PAY ATTENTION? Andy Bowdoin's Plea Agreement Bans Him From MLM, Internet Programs And Mass Marketing; 'I Am Pleading Guilty Because I Am In Fact Guilty . . .,' AdSurfDaily Patriarch Tells Judge

Under the terms of his plea agreement, AdSurfDaily President Andy Bowdoin effectively has been banned from multilevel marketing, Internet opportunities and businesses that employ mass marketing. The agreement contains this provision, and Bowdoin consented to it in writing as a condition of release before he is formally sentenced: “Your client shall not participate in any […]

URGENT >> BULLETIN >> MOVING: Andy Bowdoin Pleads Guilty To Wire Fraud

URGENT >> BULLETIN >> MOVING: Andy Bowdoin Pleads Guilty To Wire Fraud

URGENT >> BULLETIN >> MOVING: (5TH UPDATE: 5:54 P.M. EDT) Andy Bowdoin has pleaded guilty to wire fraud in the AdSurfDaily Ponzi case. A bond-review hearing for the 77-year-old ASD patriarch had been scheduled for 2 p.m. today. Instead, the proceeding turned into a plea hearing. “The Internet now allows swindlers to perpetrate fraud on […]