Archive for March 2013

Profitable Sunrise Members Targeted In Easter Sunday Boat-Sharking For ‘TelexFree’ On Facebook; Viewers Told They Can Plunk Down More Than $15,000 For A ‘Contract’ That Provides Earnings Of At Least $1,100 A Week

Profitable Sunrise Members Targeted In Easter Sunday Boat-Sharking For 'TelexFree' On Facebook; Viewers Told They Can Plunk Down More Than $15,000 For A 'Contract' That Provides Earnings Of At Least $1,100 A Week

UPDATED 12:42 P.M. EDT (U.S.A.) An apparent affiliate for an MLM “program” known as “TelexFree” is trying to recruit Profitable Sunrise members on Facebook on Easter Sunday morning. In yet another stunning example of disconnect within the MLM sphere, a poster left a link to a video titled, “Telex Free — Earn Weekly Posting Ads.” […]

URGENT >> BULLETIN >> MOVING: Kaufman County (Texas) District Attorney, Wife Found Shot And Killed In Their Home 2 Months After Assistant DA Was Gunned Down

URGENT >> BULLETIN >> MOVING: Kaufman County (Texas) District Attorney, Wife Found Shot And Killed In Their Home 2 Months After Assistant DA Was Gunned Down

URGENT >> BULLETIN >> MOVING: Mike and Cynthia McLelland were found shot dead in their home on Easter Eve. The McLellands lived in Forney, Texas. Mike McLelland is the district attorney of Kaufman County. The murders,  WFAA.com is reporting, may have involved a 223-caliber assault rifle, similar to an AR-15. WFAA is reporting that law […]

AP (VIA YAHOO NEWS): Zeek’s Paul Burks Says Participants At Fault For Losing Money In Alleged $600 Million Ponzi Scheme

AP (VIA YAHOO NEWS): Zeek's Paul Burks Says Participants At Fault For Losing Money In Alleged $600 Million Ponzi Scheme

The Associated Press is reporting that Zeek Rewards operator Paul R. Burks claims that he is not at fault and that Zeek participants are to blame if they lost money. From the AP (via Yahoo News/italics added): “I never told anyone to invest more money than they could afford,” Burks snapped. “I didn’t tell them […]

FOR ZEEKERS: Court-Appointed Receiver Asks Federal Judge To Approve Claims Process, Bar Date — And More

FOR ZEEKERS: Court-Appointed Receiver Asks Federal Judge To Approve Claims Process, Bar Date -- And More

“In examining these facts, the Receiver has determined that because the VIP Points aspect of the multilevel marketing program did nothing more than redistribute funds among Affiliates in Ponzi-scheme fashion, points generated and/or accumulated by Affiliates will not be an includable part of an Affiliate’s claim for purposes of receiving a distribution from the Receivership […]

BULLETIN: Feds Say New York Man Was Running $50 Million Real-Estate Ponzi Swindle; Gershon Barkany Arrested By FBI

BULLETIN: Feds Say New York Man Was Running $50 Million Real-Estate Ponzi Swindle; Gershon Barkany Arrested By FBI

BULLETIN: A man in the Far Rockaway section of the New York City Borough of Queens was running a $50 million real-estate Ponzi swindle that duped investors into believing they were investing in a “risk-free” flipping scheme involving large properties in New York and New Jersey, federal prosecutors said. Gershon Barkany, 29, was arrested today […]

BULLETIN: AdSurfDaily/OneX Pitchwoman Rayda Roundy Faces Proposed Fine Of $81,250 In Utah For Alleged Unlawful Sale Of ‘Safevest LLC’ Securities In Ponzi Scheme Targeted At Christians

BULLETIN: AdSurfDaily/OneX Pitchwoman Rayda Roundy Faces Proposed Fine Of $81,250 In Utah For Alleged Unlawful Sale Of 'Safevest LLC' Securities In Ponzi Scheme Targeted At Christians

BULLETIN: (UPDATED 4:58 P.M. EDT (U.S.A.) The state of Utah has proposed that Rayda Roundy of Hurricane be fined $81,250 and ordered to cease and desist from selling securities unlawfully in the state for her alleged role in hawking Safevest LLC. In May 2008, the SEC described Safevest as a fraud- and Ponzi-like scheme that […]

New Hampshire Joins Many Other States Or Provinces In Issuing ‘Profitable Sunrise’ Warning; [UPDATE: District Of Columbia, Georgia And West Virginia Now On List Of 34, Too]

New Hampshire Joins Many Other States Or Provinces In Issuing 'Profitable Sunrise' Warning; [UPDATE: District Of Columbia, Georgia And West Virginia Now On List Of 34, Too]

UPDATED 6:11 P.M. EDT (MARCH 28, U.S.A.)  The District of Columbia has issued a warning about Profitable Sunrise. So has West Virginia. Georgia has issued a cease-and-desist order. A majority of U.S. states now have taken action in one form or another against Profitable Sunrise. See the info in the Comments thread below . . […]

On The High Seas Of Facebook, The Search For New HYIP Blood In The Water Intensifies After ‘Profitable Sunrise’ Goes Missing

On The High Seas Of Facebook, The Search For New HYIP Blood In The Water Intensifies After 'Profitable Sunrise' Goes Missing

“HYIPs use an array of websites and social media — including YouTube, Twitter and Facebook — to lure investors, fabricating a ‘buzz’ and creating the illusion of social consensus, which is a common persuasion tactic fraudsters use to suggest that ‘everyone is investing in HYIPs, so they must be legitimate.’” — The Financial Industry Regulatory […]

DUBIOUS MILESTONE: ‘Profitable Sunrise’ Website Has Been Offline For 10 Days; ‘All Is Good,’ Pitchman Tells Conference-Call Listeners; Wild, Unverified Claims Made On Facebook And Ponzi Boards That ‘Program’ Will Resurface As 4-Percent-A-Day Scheme

DUBIOUS MILESTONE: 'Profitable Sunrise' Website Has Been Offline For 10 Days; 'All Is Good,' Pitchman Tells Conference-Call Listeners; Wild, Unverified Claims Made On Facebook And Ponzi Boards That 'Program' Will Resurface As 4-Percent-A-Day Scheme

UPDATED 11:33 A.M. EDT (APRIL 1, U.S.A.) On April 1, the PP Blog published a story that informs Profitable Sunrise participants on how to contact state and provincial securities regulators in the United States and Canada. That story is here. April 1 was the date the Profitable Sunrise “Long Haul” plan was supposed to pay […]

No Immediate Comment From Zeek Receiver On Third-Party Lawsuit That References Zeek Pitchman T. LeMont Silver And 100 ‘Does’; MLMers Sue Each Other — And Receiver’s Law Firm Represents Plaintiffs In One Of The Cases

No Immediate Comment From Zeek Receiver On Third-Party Lawsuit That References Zeek Pitchman T. LeMont Silver And 100 'Does'; MLMers Sue Each Other -- And Receiver's Law Firm Represents Plaintiffs In One Of The Cases

UPDATED 8:48 A.M. EDT (MARCH 24, U.S.A.) Oz at BehindMLM broke the news that eAdGear Inc. and GoFunPlaces Inc. have sued Randal Williams and JubiMax LLC (and others) — and that Williams earlier had sued eAdGear and GoFunPlaces (and others). You’ll see a reference to Randal Williams in this August 2011 PP Blog story about […]

In Wake Of Profitable Sunrise Alert, British Columbia Issues 2 More Warnings Against HYIPs; Like Profitable Sunrise, Both ‘Programs’ Had Presence On TalkGold And MoneyMakerGroup Ponzi Forums

In Wake Of Profitable Sunrise Alert, British Columbia Issues 2 More Warnings Against HYIPs; Like Profitable Sunrise, Both 'Programs' Had Presence On TalkGold And MoneyMakerGroup Ponzi Forums

EDITOR’S NOTE: Thanks to PP Blog reader “Tony” for pointing us to the British Columbia Securities Commission (BCSC) warning against the Lucra Fund and Goldenarium HYIP schemes. Earlier this month, BCSC issued a warning on the Profitable Sunrise scheme. The British Columbia Securities Commission has issued warnings on HYIP “programs” known as Lucra Fund and […]