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 . . .

cautionflagUPDATED 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 Sunrise is absolutely confidential and cannot be disclosed to any third parties,” according to the “opportunity’s” website.

Given that the many governments of the world could be considered third parties, you agree to be gagged if regulators or agencies with the power of criminal arrest ever contact you, according to the PP Blog’s reading of the ProfitableSunrise Terms of Service.

ProfitableSunrise also advises incoming members they must “confirm” they “are not involved in any business related to alcohol, firearms, tobacco, gambling and abortion.” There is no mention of drugs/narcotics or prostitution.

After apparently qualifying members via the Terms based on their beliefs about booze, guns, cigarettes, dice and abortion without disclosing why such information was needed by a purported investment firm , ProfitableSunrise says you can open various “Investment Accounts.” “Starter” accounts touted to pay 1.6 percent daily can be opened for as little as $10. But you also may plunk down greater sums of between $500 and $2,500, apparently through the “Regular” (1.8 percent daily) “Advanced” (2 percent daily) and “Long Haul” (2.7 percent daily) plans.

Here is part of what ProfitableSunrise says about the Long Haul (italics added/no editing performed):

The interest rate paid under the Long Haul is 2.7% per business day.
– The Long Haul can only be started from November 1, 2012 till March 1, 2013.
– The minimum deposit in the Long Haul is $500.00
– The deposit options available in the Long Haul are bank wires and deposits from existing account principals in other plans – for group members, bank wire transfers only – for regular members.
– E-currency deposits are not accepted in the Long Haul.
– The Easter Gift Balance will be paid to all customers during the Easter week. You will not be able to leave it in your account principal.
– After the Easter, the daily interest rate will be reduced to 2.35% in the Long Haul.
– The compounding can be disabled or limited in any account at our sole discretion.
– After March 1, 2013, you will not be able to make an additional deposits into the Long Haul.

ProfitableSunrise appears to have become a refuge for certain members of the collapsed ZeekRewards “program,” which the SEC described in August as a $600 million Ponzi- and pyramid scheme that duped members into believing they got a legitimate return that averaged about 1.5 percent a day.

Meanwhile, over at RealScam.com, an antifraud forum, an apparent ProfitableSunrise “defender” known as “Myriad Force” is advancing an argument that antiscam posters are  members of a “Cult of Uncertainty.”

“Think of all the antichrists that are watching this program in terror,” Myriad Force ventures. “They won’t become involved because the owner is a Christian that loves Jesus Christ, and does not back down to the antichrists.”

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17 Responses to “WHACK-A-MOLE: In Aftermath Of Zeek Collapse, ‘ProfitableSunrise’ Emerges”

  1. One site says that for Inter Reef Ltd, “Their founding director was Agnes Jouaneau, aged 45. They have no known group companies.”

    “Agnes Jouaneau” is an unusual enough name. The first hit on google is this story from 2010:
    http://www.stuff.co.nz/national/crime/3210360/New-fears-NZ-firms-laundering-terror-cash

    Potentially dangerous gaps in New Zealand’s company registration system have been revealed as an investigation continues into the North Korean arms seized from a plane hired by an Auckland company.

    International agencies are concerned that shell companies, with no apparent trading purpose, are being used to launder money and finance terrorism.

    “Inter Reef Ltd” looks like a shell company. And has an obvious ponzi scheme attached. I wonder where all that money is going?

    I notice that “Profitable Sunrise” uses BlockDos/BlackLotus as their web host. BlockDos has actively hosted ponzi schemes for many years now. They even used to “advertise” on talkgold, actively providing services to the criminal sector.

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  2. Another scam at the same address:
    Some interesting facts about Endellion Inter Ltd
    http://writeangledwrites.blogspot.co.uk/2012/06/some-interesting-facts-about-endellion.html

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  3. Tony,

    Thanks very much for those. I made a note about it in the RealScam.com thread referenced in the story above.

    Patrick

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  4. Have been over at Real Scam asking about the UK and US licensing and registration for both Profitable Sunrise and Inter Reef Ltd with the UK FSA and US FINRA (without which they cannot operate any financial service of this nature in those countries).

    Still waiting for a reply! The only established fact is the UK company registration of Inter Reef as a limited liability company in September 2011 with no share capital and no financials filed to date (as Tony says – a shell company) Of Profitable Sunrise in the UK – nothing seems to be filed or registered.

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  5. This is the last email from Roman Novak.

    I am against Profitable Sunrise.

    Read paragraph three (2) “My team” (Sounds like horses to me)

    Read paragraph three (3) in the text “ignored”. (How rude! Not very professional!).

    ————————————————————————

    Roman Novak

    Dec 30 (1 day ago)

    My Dear Friends,

    A quick message to inform you about a few minor changes in our Holiday Season schedule that you must be aware of when using your Profitable Sunrise accounts.

    My team has been working really hard this year and I am sure you have noticed this. So, I have decided to give them a well-deserved break this weekend which will start on Saturday, December 29, 2012, and extend until Tuesday, January 1, 2013.

    Due to this, we will only be responding to emails that require urgent attention. All general, technical and account related inquiries will be ignored until Wednesday, January 2, 2013. Please refrain from emailing us during this period unless it is an utter necessity.

    It is also important to remind you that we will not be making interest payments on Monday, December 31, 2012 and Tuesday, January 1, 2013.

    Thank you for your understanding. My team once again wishes You and Your Families a very Happy Holiday Season!

    Remain Blessed!

      (Quote)

  6. Phone number listed is for a company in Orlando

    407-264-6951, Unlisted, Landline, TELCOVE INVESTMENT, LLC – FL, 5, 0. 407-264-6068, Unlisted, Landline, TELCOVE INVESTMENT, LLC – FL

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  7. Any updates about profitablesunrise.com?

    Thanks, H. Reed

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  8. There is no question that Profitable Sunrise is a scam. They claim this is, “An investment with a certain rate of return and no chance of default. The interest rate paid under the Long Haul is 2.7% per business day.” A company or individual with short-term cash needs either uses commercial paper, bankers’ acceptance, personal loan, home equity loan, 401(k) loan, margin loan, etc. The source of funds is based upon the amount needed, the size of the corporation, collateral, credit score or rating, etc. For comparisons purposes, commercial paper is yielding an annualized rate of 0.12% and short-term home equity loans have an annualized rate of 1.99%. Profitable Sonrise promises 2.70% PER DAY that is equivalent to over 100,000% per year, assuming 5 business days a week over 52 weeks. They are an HYIP, unregistered security, a ponzi, and pyramid scheme. I strongly urge everyone to file a complaint with the SEC because that is what worked to bring down Zeek Rewards. I am a Board Certified Financial Planner, have a Masters in Financial Services, and passed the required exams with the SEC to practice as an advisor. My strong warning is that Profitable Sunrise is a scam, it is only a matter of time.

    To File a Complaint with the SEC – To Provide Us Information About Fraud or Wrongdoing Involving Potential Violations of the Securities Laws

    Definitions
    Commercial paper (CP) consists of short-term, promissory notes issued primarily by corporations. Maturities range up to 270 days but average about 30 days. Many companies use CP to raise cash needed for current transactions, and many find it to be a lower-cost alternative to bank loans. Current 1-month rates 1-Month AA Financial Commercial Paper Rate (DCPF1M) – FRED – St. Louis Fed

    A bankers’ acceptance is created when a time draft drawn on a bank, usually to finance the shipment or temporary storage of goods, is stamped “accepted” by
    the bank. By accepting the draft, the bank makes an unconditional promise to pay the holder of the draft a stated amount at a specified date.

    SEC filing regarding Zeek Rewards – SEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme

    High Yield Investment Program – The Internet is awash in so-called “high-yield investment programs” or “HYIPs.” These are unregistered investments typically run by unlicensed individuals – and they are often frauds. The hallmark of an HYIP scam is the promise of incredible returns at little or no risk to the investor. A HYIP website might promise annual (or even monthly, weekly, or daily!) returns of 30 or 40 percent – or more. Some of these scams may use the term “prime bank” program. If you are approached online to invest in one of these, you should exercise extreme caution – it is likely a fraud.

    Promissory Notes – Promissory notes are a form of debt that companies sometimes use to raise money. They typically involve investors loaning money to a company in exchange for a fixed amount of periodic income. Although promissory notes can be appropriate investments for many individuals, some fraudsters use promissory notes to defraud investors, especially the elderly.

    Pyramid Scheme – In the classic “pyramid” scheme, participants attempt to make money solely by recruiting new participants. The hallmark of these schemes is the promise of sky-high returns in a short period of time. Pyramid scheme promoters may go to great lengths to make the program look like a multi-level marketing program selling legitimate products or services. But these fraudsters use money from new recruits to pay off early stage investors until eventually, the pyramid collapses. At some point, the schemes get too big, the promoter cannot raise enough money from new investors to pay earlier investors, and people lose their money.

    Ponzi Red Flags
    High returns with little or no risk. Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any “guaranteed” investment opportunity.

    Overly consistent returns. Investments tend to go up and down over time. Be skeptical about an investment that regularly generates positive returns regardless of overall market conditions.

    Unregistered investments. Ponzi schemes typically involve investments that are not registered with the SEC or with state regulators. Registration is important because it provides investors with access to information about the company’s management, products, services, and finances.

    Unlicensed sellers. Federal and state securities laws require investment professionals and firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.

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  9. Fan Club:
    This is the last email from Roman Novak.

    I am against Profitable Sunrise.

    Read paragraph three (2) “My team” (Sounds like horses to me)

    Read paragraph three (3) in the text “ignored”. (How rude! Not very professional!).

    ————————————————————————

    Roman Novak

    Dec 30 (1 day ago)

    My Dear Friends,

    A quick message to inform you about a few minor changes in our Holiday Season schedule that you must be aware of when using your Profitable Sunrise accounts.

    My team has been working really hard this year and I am sure you have noticed this. So, I have decided to give them a well-deserved break this weekend which will start on Saturday, December 29, 2012, and extend until Tuesday, January 1, 2013.

    Due to this, we will only be responding to emails that require urgent attention. All general, technical and account related inquiries will be ignored until Wednesday, January 2, 2013. Please refrain from emailing us during this period unless it is an utter necessity.

    It is also important to remind you that we will not be making interest payments on Monday, December 31, 2012 and Tuesday, January 1, 2013.

    Thank you for your understanding. My team once again wishes You and Your Families a very Happy Holiday Season!

    Remain Blessed!

    My simple question is did you try the minimum of $10 with evidence that it doesn’t work?

      (Quote)

  10. Lil Ol’ Radical Me:
    Have been over at Real Scam asking about the UK and US licensing and registration for both Profitable Sunrise and Inter Reef Ltd with the UK FSA and US FINRA (without which they cannot operate any financial service of this nature in those countries).

    Have you invested the minimum of $10 to see if the program works?

    Still waiting for a reply!The only established fact is the UK company registration of Inter Reef as a limited liability company in September 2011 with no share capital and no financials filed to date (as Tony says – a shell company)Of Profitable Sunrise in the UK – nothing seems to be filed or registered.

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  11. D C: My simple question is did you try the minimum of $10 with evidence that it doesn’t work?

    The Bernad Madoff Ponzi scheme “worked.” Zeek Rewards “worked.” AdSurfDaily “worked.” Any number of “bridge loan” and hard-money lending scams “worked.”

    Claims of “I got paid” are NOT evidence that no fraud scheme is occurring. And “test spends” to see if a program “works” are not due diligence.

    What they are is the Stepfordian mechanism by which these scams spread to involve tens of thousands of people at at time. The vast majority of these people will lose — and their losing has horrible downstream consequences on local markets while at once undermining confidence in legitimate capital markets.

    Patrick

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  12. I have to put my two cents in when did Wall Street become legitimate? After what they did to the mortgage industry and millions lost jobs. Just be glad things like PS is around to put money back in the economy. Patrick you are far from the 1% so don’t hate on how people make money when people out here struggling and the U.S Congress don’t give a dam. The bottom line is nobody appointed you to be grown folks keeper point being people are grown they know the risk even on Wall Street. People lost all there 401k on Wall Street so they are evil ponzu schemes too. Life is a chance o get your life.

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  13. DC: Evidence it does not work? I will let you be the judge. Is it possible that a program is real, if it allows you to invest $500 in the “Long Haul” program, returning 2.7% per day? Well, after 2 years your $500 turns into $505,000,000 give or take a few hundred thousand. After 4 years, you could pay off the National Debt 50 times over…….

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  14. Foxy lady:
    I have to put my two cents in when did Wall Street become legitimate? After what they did to the mortgage industry and millions lost jobs. Just be glad things like PS is around to put money back in the economy. Patrick you are far from the 1% so don’t hate on how people make money when people out here struggling and the U.S Congress don’t give a dam.The bottom line is nobody appointed you to be grown folks keeper point being people are grown they know the risk even on Wall Street. People lost all there 401k on Wall Street so they are evil ponzu schemes too. Life is a chance o get your life.

    You scammers need a new schtick. We’ve heard the wall street and social security argument every time. They have nothing to do with your stealing form someone else. You are NOT ‘making money’. There is absolutely NO WAY a legitimate business owner is borrowing money at the interest rates this scammer claims.

    The only business that would even remotely consider a ‘loan’ from this scam (even though they are not lending anything to begin with), would be by people with bad credit that can’t get a real loan from a legitimate lending institution which leads to the greater risk they default on the loan of usury interest rates contrary to what the ‘company’ explains in order to steal your money.

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