Archive for December 2012

WHACK-A-MOLE: In Aftermath Of Zeek Collapse, ‘ProfitableSunrise’ Emerges

WHACK-A-MOLE: In Aftermath Of Zeek Collapse, 'ProfitableSunrise' Emerges

EDITOR’S NOTE: For the definition of “whack-a-mole,” see the Online Slang Dictionary . . . UPDATED 6:12 A.M. ET (U.S.A.) ProfitableSunrise will take you and provide an extraordinary interest payment daily in the form of numbers on a screen — but only if you “fully accept the fact that all communication between you and Profitable […]

LETTER TO READERS: Our Choice For The Most Important PP Blog Post Of 2012

LETTER TO READERS: Our Choice For The Most Important PP Blog Post Of 2012

Dear Readers, The PP Blog’s choice for the “Most Important” story to appear on the Blog in 2012 is this one, dated July 28: “Site Critical Of Zeek Goes Missing After HubPages Receives Trademark ‘Infringement’ Complaint Attributed To Rex Venture Group LLC — But North Carolina-Based Rex Not Listed As Trademark Owner; Florida Firm That […]

Florida Man Who Hosts Zeek Calls Featuring Robert Craddock Was Winner In Botfly LLC Ponzi Scheme

Florida Man Who Hosts Zeek Calls Featuring Robert Craddock Was Winner In Botfly LLC Ponzi Scheme

UPDATED 3:57 P.M. ET (U.S.A.) Gregory Baker, a Florida man who hosts calls featuring Robert Craddock in the aftermath of the SEC’s Ponzi-scheme case against Zeek Rewards, is listed as a winner in the Botfly LLC Ponzi scheme case, one of the Sunshine State’s ugliest fraud schemes. Prosecutors said that David Lewalski, Botfly’s now-imprisoned operator, […]

Jose Banks, Purported ‘Sovereign’ Who Escaped From Chicago Jail After Bank-Robbery Conviction, Captured; Manhunt Still Under Way For Second Escapee

Jose Banks, Purported 'Sovereign' Who Escaped From Chicago Jail After Bank-Robbery Conviction, Captured; Manhunt Still Under Way For Second Escapee

EDITOR’S NOTE: Thanks to PP Blog reader “Tony” for a heads-up on this: Joseph “Jose” Banks, a purported “sovereign citizen” convicted of bank robbery earlier this month, has been captured after his escape from a federal jail in Chicago on Tuesday, the FBI told the Associated Press. A manhunt for alleged fellow escapee Kenneth Conley […]

Conference Call By Zeek Receiver Under Way [Call Ended At 6:03 P.M.]

EDITOR’S NOTE: This post was updated at 2:48 p.m. on Dec. 20 to include this link to a recording of the receiver’s Dec. 17 call. The information below reflects the PP Blog’s original notes from the call on Dec. 17 . . . UPDATED 7:27 A.M. (DEC 18, U.S.A.) A conference call by Kenneth D. […]

URGENT >> BULLETIN >> MOVING: Montana Fines ‘Funky Shark,’ Purported Upstart ‘Penny Auction’ Program; Operator Agrees to Pay $834,000 After Issuance Of Order

URGENT >> BULLETIN >> MOVING: Montana Fines 'Funky Shark,' Purported Upstart 'Penny Auction' Program; Operator Agrees to Pay $834,000 After Issuance Of Order

URGENT >> BULLETIN >> MOVING: (UPDATED AT 12:49 P.M. ET U.S.A. TO DELETE EARLIER REFERENCE TO ‘CEASE AND DESIST’ ORDER AND TO PROVIDE LINK TO CONSENT AGREEMENT AND FINAL ORDER.) An upstart “penny auction” company known as “Funky Shark” effectively has been shut down after the state of Montana named it in an order and […]

BULLETIN: Zeek Receiver Says ‘Large Sums . . . May Have Been Transferred By Net Winners To Other Entities In Order To Hide Or Shelter Those Assets’

BULLETIN: Zeek Receiver Says 'Large Sums . . . May Have Been Transferred By Net Winners To Other Entities In Order To Hide Or Shelter Those Assets'

BULLETIN: (UPDATED 2:34 P.M. ET U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi scheme case has advised a federal judge that he “has obtained information indicating that large sums of Receivership Assets may have been transferred by net winners to other entities in order to hide or shelter those assets.” The dramatic assertion by […]

BULLETIN: 2 Inmates, Including Purported ‘Sovereign,’ Escape From Chicago Jail; 1 Of The Escapees Got Mention On PP Blog Just Days Ago

BULLETIN: 2 Inmates, Including Purported 'Sovereign,' Escape From Chicago Jail; 1 Of The Escapees Got Mention On PP Blog Just Days Ago

BULLETIN: Two inmates escaped from the Metropolitan Correctional Center in downtown Chicago earlier today, the FBI said. One of the escapees — Jose Banks — is a purported “sovereign citizen” who got a mention on the PP Blog Dec. 15. Banks, a convicted bank robber,  is considered “armed and dangerous,” the FBI said. Also considered […]

URGENT >> BULLETIN >> MOVING: SEC Files Motion In Zeek Case To Oppose Appointment Of Examiner; In Blistering Memo, Agency Accuses Robert Craddock Of Encouraging Affiliates ‘Not To Cooperate With The Receiver’

URGENT >> BULLETIN >> MOVING: SEC Files Motion In Zeek Case To Oppose Appointment Of Examiner; In Blistering Memo, Agency Accuses Robert Craddock Of Encouraging Affiliates 'Not To Cooperate With The Receiver'

URGENT >> BULLETIN >> MOVING: (UPDATED 11:58 A.M. ET (U.S.A.) The SEC has gone to federal court in the Western District of North Carolina to oppose a motion by Zeek “winners” to appoint an “examiner” over all Zeek affiliates. In a blistering, 12-page memo, the agency accused Zeek figure Robert Craddock of encouraging Zeek affiliates […]

BULLETIN: Zeek Receiver Opposes Appointment Of ‘Examiner’; Zeek Cheerleaders, ZTeamBiz Missives Get A Mention; Let Them ‘Employ Counsel At Their Own Expense,’ Bell Urges Judge

BULLETIN: Zeek Receiver Opposes Appointment Of 'Examiner'; Zeek Cheerleaders, ZTeamBiz Missives Get A Mention; Let Them 'Employ Counsel At Their Own Expense,' Bell Urges Judge

“The ZeekRewards scheme has claimed hundreds of thousands of victims who lost hundreds of millions of dollars at the hands of the scheme’s winners who solicited their participation. Now, apparently not appreciating the irony, the lawyer for hundreds of the largest net winners asks the Court to pay him to be an ‘examiner’ or ‘representative […]

Payment Processor For Cybercrime Ring Sentenced To 48 Months In Federal Prison; ‘Operation Trident Tribunal’ Is Ongoing

Mikael Patrick Sallnert has been sentenced to 48 months in federal prison for his role in processing payments for a cybercrime ring, the U.S. Justice Department announced. Sallnert, 37, is a citizen of Sweden. As part of “Operation Trident Tribunal,” Sallnert was arrested in Denmark on Jan. 19, 2012, and extradited to the United States […]