Archive for September 2012

ZEEK UPDATE: Thousands Of Records Filed Under Seal

ZEEK UPDATE: Thousands Of Records Filed Under Seal

UPDATED 4:20 P.M. EDT (U.S.A.) Attorneys for accused Ponzi schemer Paul R. Burks of the Zeek Rewards MLM “program” operated through North Carolina-based Rex Venture Group LLC have filed thousands of records under seal. On Sept. 17, Burks’ attorneys sought the approval of Senior U.S. District Judge Graham C. Mullen to file the documents under […]

IRISH INDEPENDENT: ‘Senior Judges’ Caught Up In Collapse Of ‘Custom House Capital’ As Ponzi And Pyramid Concerns Lead To ‘Shockwaves’

IRISH INDEPENDENT: 'Senior Judges' Caught Up In Collapse Of 'Custom House Capital' As Ponzi And Pyramid Concerns Lead To 'Shockwaves'

“The fallout from the collapse of investment firm Custom House Capital (CHC) is sending shockwaves through Ireland’s elite. Barristers, solicitors and prominent sports stars were all roped in by the investment firm with promises of attractive returns.” — Irish Independent, Sept. 19, 2012 The Irish Independent is reporting that more than 1,500 investors may have […]

BULLETIN: Purported ‘Sovereign Citizen’ Tim Turner Of Purported ‘Republic for the united States of America’ Charged In Alleged ‘Seminar’ Scam In Which He Taught Attendees How To File Bogus Liens Against Public Officials; Tax Crimes Also Charged, Justice Department Says

BULLETIN: Purported 'Sovereign Citizen' Tim Turner Of Purported 'Republic for the united States of America' Charged In Alleged 'Seminar' Scam In Which He Taught Attendees How To File Bogus Liens Against Public Officials; Tax Crimes Also Charged, Justice Department Says

“Turner is alleged to have attempted to pay his own taxes with a fictitious $300 million bond and to have assisted others in attempting to pay their taxes with fictitious bonds purporting to be worth amounts ranging from $10 million to $100 billion.” — U.S. Department of Justice, Sept. 18, 2012 BULLETIN: James Timothy Turner, […]

BULLETIN: Mantria Ponzi Scheme Pitchmen Hit With Millions Of Dollars In Disgorgement And Penalties — And Principals Ordered To Pay Tens Of Millions

BULLETIN: Mantria Ponzi Scheme Pitchmen Hit With Millions Of Dollars In Disgorgement And Penalties -- And Principals Ordered To Pay Tens Of Millions

BULLETIN: Two pitchmen for the Mantria Corp. “green” Ponzi scheme have been ordered to pay millions of dollars in disgorgement and penalties, including a purported wealth coach who advised people who contacted him after the 2009 collapse of Mantria to join the Trump Network MLM “opportunity.” Mantria purportedly was an environmentally friendly investment opportunity. In […]

BULLETIN: Zeek Had $20.7 Million In AlertPay/Payza And $20 Million In SolidTrustPay

BULLETIN: Zeek Had $20.7 Million In AlertPay/Payza And $20 Million In SolidTrustPay

BULLETIN: (UPDATED 9:18 P.M. EDT U.S.A.) New court filings by accused Ponzi schemer Paul R. Burks of Rex Venture Group LLC show that Zeek Rewards had more than $40 million in offshore payment processors. Included in that sum is $20.765 million in Canada’s AlertPay/Payza, and $20 million in Canada’s SolidTrustPay. Today’s filing also shows $10 […]

PP Blog Still $47 Short: [SEPTEMBER DONATION RE-POST]: The Challenges Are Unprecedented — And The PP Blog Continues To Serve Its Readers

Dear Readers, UPDATED 8:13 P.M. EDT (SEP.16. , U.S.A.) As noted on Sept. 15, the PP Blog is $255 $205 $155 $105 ($47) short for September. The matter is pressing now, so this post has been republished. The past few weeks have been something that approaches crazy. The PP Blog is doing some of its […]

Now, Another ‘Program’ Uses Name Of JustBeenPaid: ‘JustBeenPaidNew’ Says It Features ‘Attractive 2.5% Daily Plans’ With Payments Through Payza

Now, Another 'Program' Uses Name Of JustBeenPaid: 'JustBeenPaidNew' Says It Features 'Attractive 2.5% Daily Plans' With Payments Through Payza

Yet another “program” appears to be trading off the name of JSS Tripler/JustBeenPaid. The new “program” is known as “JustBeenPaidNew.” It uses a domain registered Sept. 9 behind a proxy and, in butchered English, makes claims such as this: “We have some Good Professional Fund Managers, and thay [sic] invests [sic] in the global currency […]

RECOMMENDED READING: ‘Naras Funds’ Was Ponzi Scheme Tied To 2 Other Fraud Schemes, Prosecutors Say; 50-Count Indictment Returned After 4-Year FBI/IRS Probe

RECOMMENDED READING: 'Naras Funds' Was Ponzi Scheme Tied To 2 Other Fraud Schemes, Prosecutors Say; 50-Count Indictment Returned After 4-Year FBI/IRS Probe

“He marketed his plan as ‘simply the best financial plan ever created.’” — Office of U.S. Attorney Benjamin B. Wagner of the Eastern District of California, Sept. 14, 2012 A California man and his 76-year-old father-in-law ran a $7 million Ponzi scheme called Naras Funds, federal prosecutors said yesterday. The younger man — Lee Loomis, […]

William J. Wise, International ‘Mastermind’ Of $129.5 Million Ponzi Fraud Involving CDs, Pleads Guilty To 18 Felonies; Top U.S. Attorney Says Federal Prosecutors ‘Around The Country’ Have Identified ‘Unprecedented Rise’ In Investment Fraud Schemes With ‘Staggering Losses’

William J. Wise, International 'Mastermind' Of $129.5 Million Ponzi Fraud Involving CDs, Pleads Guilty To 18 Felonies; Top U.S. Attorney Says Federal Prosecutors 'Around The Country' Have Identified 'Unprecedented Rise' In Investment Fraud Schemes With 'Staggering Losses'

“The fraudsters prey upon vulnerable victims, do not respect local or even state boundaries, and often loot the victims’ life savings.” — Melinda Haag, U.S. Attorney for the Northern District of California, Sept. 13, 2012 It featured confidence-boosting names: Millennium Bank, United Trust of Switzerland and Sterling Bank and Trust. But it was a cross-border […]

DEVELOPING STORY: Zeek Receiver Says He Has Secured Nearly $300 Million; ‘There May Be Tens Of Millions Of Dollars More Of Recoverable Assets’; Clawbacks May Be In The Offing As Receiver Raises Specter Of Claimants Circulating ‘False Information’

DEVELOPING STORY: Zeek Receiver Says He Has Secured Nearly $300 Million; 'There May Be Tens Of Millions Of Dollars More Of Recoverable Assets'; Clawbacks May Be In The Offing As Receiver Raises Specter Of Claimants Circulating 'False Information'

Kenneth D. Bell, the court-appointed receiver in the Zeek Rewards Ponzi scheme case, said in a statement today that he had recovered nearly $300 million and that “[t]here may be tens of millions of dollars more of recoverable assets.” On Aug. 17, the SEC described Zeek as a $600 million Ponzi- and pyramid scheme that […]

UPDATE: Teetering ‘Wealth4AllTeam’ Scheme Reportedly Was Using I-Payout, Same Facilitator Cited By ‘OneX’ Scheme In July

UPDATE: Teetering 'Wealth4AllTeam' Scheme Reportedly Was Using I-Payout, Same Facilitator Cited By 'OneX' Scheme In July

UPDATE: Wealth4AllTeam, one of the many HYIP schemes pushed by Zeek Rewards “I Got Paid” cheerleader “Ken Russo,” reportedly was using I-Payout as a payment facilitator, according to new Ponzi-forum reports. Wealth4AllTeam appears to have suspended operations, leaving the Ponzi forums in an uproar amid claims that it is transitioning to a new business model […]