URGENT >> BULLETIN >> MOVING: North Carolina Orders ‘Profitable Sunrise’ To Cease And Desist; State Calls It An ‘Immediate And Significant Danger’

americaatrisk4URGENT >> BULLETIN >> MOVING: The state of North Carolina — home base to the alleged $600 million Zeek Rewards Ponzi scheme — has ordered a purported offshore “opportunity” known as “Profitable Sunrise” to cease and desist from doing business in the state.

Profitable Sunrise purports to be a hard-money lender and investment opportunity. It appears to have attracted some Zeek members both before and after the August 2012 collapse of Zeek. Zeek was under investigation by North Carolina, the SEC and the U.S. Secret Service at the time of its collapse.

In its cease-and-desist order, North Carolina described Profitable Sunrise as “an immediate and significant danger” that is using multiple investment schemes to attract money, including a purported “Long Haul” plan.

The offer is being targeted at people of faith through web-based promoters, some of whom described themselves as Christians. Offering materials for the “Long Haul” plan have advertised an Easter holiday payout.

The company itself has advertised “risk free” payouts with “no chance of default,” according to the North Carolina order. And Profitable Sunrise also claims “investments are insured by a leading investment bank.”

As the PP Blog reported in December, Profitable Sunrise appeared to qualify investors based on their views on hot-button issues, including abortion.

North Carolina’s order names Roman Novak, Radoslav Novak and Inter Reef LTD (doing business as Profitable Sunrise) as respondents, amid allegations by the Securities Division of the office of North Carolina Secretary of State Elaine Marshall that Profitable Sunrise is selling unregistered securities as investment contracts.

Profitable Sunrise lists a business address in the United Kingdom. Regardless, the enterprise is soliciting funds to be sent to Raiffeisenbank AS in the Czech Republic, according to North Carolina investigators. An entity known as Melland Company SRO was listed in Profitable Sunrise wiring instructions as the beneficiary, according to the order.

A credit union used by a North Carolina-based Profitable Sunrise investor blocked at least one transaction directed toward the Czech bank, citing suspicions of fraud, according to the order.

Marshall’s investigators noted that the Profitable Sunrise investor believed that the”Long Haul” plan would pay “interest of 2.7% daily, compounded at 100%, for 240 days.”

Other Profitable Sunrise plans also promised high interest rates in compressed time frames, reaching for sums of between $10 and $2,500 and advertising interest rates of between 1.6 percent and 2 percent a day, according to the order.

Zeek planted the seed that it paid an average of 1.5 percent a day, the SEC said on Aug. 17. On Aug. 4, Zeek claimed on its news site that unspecified “North Carolina credit unions” were creating problems for it.

Read the North Carolina order against Profitable Sunrise.

Visit Profitable Sunrise thread on RealScam.com.

About the Author

39 Responses to “URGENT >> BULLETIN >> MOVING: North Carolina Orders ‘Profitable Sunrise’ To Cease And Desist; State Calls It An ‘Immediate And Significant Danger’”

  1. Quick note: A poster today (March 1) on the MoneyMakerGroup Ponzi forum — one of the staging grounds for Zeek — says he wishes that people who complained to North Carolina authorities about Profitable Sunrise “rot in hell or better yet live a life of misery, suffering and pain!”

    Patrick

      (Quote)

  2. I never joined this, but I heard recently that they were soon closing their doors to new members. This is ALWAYS a sign a program is running out of money and ready to close for good. A way of pulling as much money in as possible before the end.

      (Quote)

  3. i been locked out of my account since last thursday, i have sent out lots of emails to both roman and to support, yet no replies. Since last week i lost all control over my acccount, I cannot log in nor get daily emails regarding my daily interests or commissions.I was able to build my account to 900 referrals, My So called group leader Chris Lombardi called me a “pest” after i tried to reach out for support. I am really done with these people and are ashamed that so many like me are getting “hacked and support is not doing anything about it. My wife had lost her secret word. Contacted support and got a reply within hours, yet i been going at them for over 1 week now and no replies.. may god be with us all.

      (Quote)

  4. Quick note: As was the case when the Italian securities regulator CONSOB took an action against promos for ClubAsteria and JSSTripler/JustBeenPaid, the Ponzi board apologists for ProfitableSunrise are thumbing their noses at the North Carolina action.

    “lol @ NC officials,” says one post at MoneyMakerGroup.

    Of course, any number of taunts have been directed at the receiver in the Zeek Rewards case.

    What this is — precisely — is cross-border fraud and organized crime on a global scale. The players are taunting authorities at the national, state and provincial levels. And people who purport to be “Christians” are helping them sow the seeds of financial and political anarchy.

    Patrick

      (Quote)

  5. From The New Zealand Herald dated March 2:

    “A British company offering huge financial returns to New Zealand investors is registered to a woman living in an offshore tax haven who was also linked to nearly 180 shell companies in this country.”

    http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=10868629

    PP Blog reader “Tony” covered some of this here on Dec. 30:

    http://patrickpretty.com/2012/12/30/whack-a-mole-in-aftermath-of-zeek-collapse-profitablesunrise-emerges/comment-page-1/#comment-42718

    Patrick

      (Quote)

  6. rony: i been locked out of my account since last thursday

    But, but, but,how is this possible? Are you saying that Profitable Sunrise might (MIGHT!), only just might be a slightly bit dodgy?
    How can something that was offering a too-high return, was promoted on the ponzi promotion forums, and promoted by well known ponzi promoter Faith Sloan, how can it be that there are “support” problems? Afterall, it has never happened before in this (cough) “industry”. (Except with Zeek, Noobing, AVG, ASD, CEP, PhoenixSurf, 12DailyPro, SwissCash, Reality Millions, GINS, PIPS and anything else promoted by Faith Sloan and/or Ken Russo).

    I have no sympathy. I hope all the idiots who put money into this obvious fraud lose everything. At least that way they won’t be able to sustain the next obvious fraud that will be promoted by the usual suspects.

      (Quote)

  7. Tony H: Ken Russo

    Looks like “Ken Russo” posting at the TalkGold Ponzi forum today (as “DRdave”) just prior to the news of the North Carolina action was leading a cheerleading session for ProfitableSunrise.

    “You have not joined Profitable Sunrise yet?!” he quizzes.

    “Oh well,” he ventures. “We all make mistakes.”

    And then he urges the audience to “[c]orrect your mistake now!” and to “[j]oin us today and start earning 2.17% each week day!”

    Gawd!

    Patrick

      (Quote)

  8. Tony H: But, but, but,how is this possible? Are you saying that Profitable Sunrise might (MIGHT!), only just might be a slightly bit dodgy?
    How can something that was offering a too-high return, was promoted on the ponzi promotion forums, and promoted by well known ponzi promoter Faith Sloan, how can it be that there are “support” problems? Afterall, it has never happened before in this (cough) “industry”. (Except with Zeek, Noobing, AVG, ASD, CEP, PhoenixSurf, 12DailyPro, SwissCash, Reality Millions, GINS, PIPS and anything else promoted by Faith Sloan and/or Ken Russo).

    I have no sympathy. I hope all the idiots who put money into this obvious fraud lose everything. At least that way they won’t be able to sustain the next obvious fraud that will be promoted by the usual suspects.

    hey Tony, no need to get smart buddy, i got your point. I just shared the issues i saw emerging recently but never put it out there so you can come out and attack .Good job though, at least you took the effort to let me know how you feel.

      (Quote)

  9. @ Tony, thank you for taking the time to insult my post, Even though that was not my intention at least i see it got your attention. I agree with what you are saying, but please easy a little with the hostility.

      (Quote)

  10. rony: My So called group leader Chris Lombardi

    It took me about 10 minutes to find that Chris Lombardi has a company called “Top Earners Inc.” which was linked to another obvious ponzi scheme in 2009. It was “registered” in Panama (so a shrill claimed), and promoted on the TalkGold ponzi forum. The “program” collapsed predictably.

    This “Security Warning” should get the conspiracy nutters in a twist:
    http://www.stunderwriters.net/?art=156

    It has recently been brought to our attention that there are persons who are promoting so-called buy sell programs that wrongfully imply they are authorized by or affiliated with us.
    [snip]
    A Mr. Kiovanni Pringle, unlikely to be his real name, has represented that he is an authorized broker with Secure Trust and ST Underwriters and that with financing from ST Underwriters he will introduce investors into so-called buy/sell programs. Our information is that he and all of the persons related to him are U.S.A. Federal Government agents or a rogue group thereof.

    Chris Lombardi in on the list. So is he in reality a evilgovernment agent? Was the top earner in Profitable Sunrise passing all the info he has on his down-line on to the evil Feds?

      (Quote)

  11. thank you for this info tony.

      (Quote)

  12. Quick note: Just read what appears to be a Profitable Sunrise affiliate’s news release, which is actually a sales pitch. It is dated today and has a dateline of Austin, TX.

    It does not address the North Carolina cease-and-desist order at all. Instead, it makes claims such as this one:

    “Based on a proven trading model developed and used by one of the company’s founding partners, [URL deleted by PP Blog] provides a suite of products that gives anyone the ability to grow their wealth while minimizing risks. The Profitable Sunrise service was designed to allow anyone, regardless of trading experience or market knowledge, to build and manage personal investments using a highly affordable, time-tested model.

    “Profitable sun rise runs a short term investment business model and this investment model receives a better ROI than other regular investment models. Actually Profitable Sun Rise offers short-term loans to numerous companies all over the US and this way it not only helps small companies grow their business it also contributes to the betterment of the national economy. While lending money to small companies, the company makes sure that it does not put its investor’s money in excessive risk. Moreover all investments made by Profitable Sunrise are insured by a leading investment bank. It further adds to the reputation of the company and shows how serious it is about its investment service.”

    Gawd!

    Meanwhile, the Triangle Business Journal, a North Carolina-based publication, has this story on the action taken against Profitable Sunrise by the state.

    http://www.bizjournals.com/triangle/blog/2013/03/securities-firm-ordered-to-cease-and.html

    Snippet:

    Marshall urged anyone in North Carolina who has invested with Profitable Sunrise to contact the Secretary of State’s Securities Division at 1-800-688-4507

    Patrick

      (Quote)

  13. This cannot be. I have been told repeatedly that Profitable Sunrise is blessed by God. Roman is a Christian and Godly man. Profitable Sunrise will be around for 2-3 more years before going private.

    In case anyone missed it, I was being sarcastic.

      (Quote)

  14. God is not a Ponzi! When will people learn. Yes, we will watch the PS faithful liars spin the story…but the Fed is next and top promoters of this boldfaced scam can expect a visit soon from law enforcement.

      (Quote)

  15. Why don’t they shut down profitclicking.com ..They are not paying to their members for 6 months ..profitablesunrise pays very well and they are shutting down ..This is totallly crap

      (Quote)

  16. From Nanci Jo Frazer’s group about the NC Secretary of State issuing a Cease and Desist Order:

    A SUMMARY OF THIS MORNINGS WEBINAR FROM NANCI JO FRAZER AND TEAM

    Greetings:
    Ralph Yerkes, a Wall Street Financier and member of Profitable Sun Rise discussed the fact that PSR IS NOT a Ponzi Scheme. A Ponzi Scheme needs more and more new money coming in so that payments can be made for those who’s contracts are maturing. Remember: Roman Novak stated from the very beginning that the Long Haul would only last till March 1, 2013 and he stuck with his word. Ponzi Schemes use dead lines to create a frenzie and thus generate even more money. Our Long Haul Program is OVER!!! Those people who are in it will get rewarded accordingly when their contract matures. On April 1st Roman Novak stated he will honor all the Easter Gifts that are due. (Ponzi Schemes DO NOT do this)
    We as a group ARE NOT to use the words: Investment, return on investment. Rather: We as affiliates provide Loans to Roman and he is the man that invests. Security laws prevent us from using the words: Investments and return on investments. Please DO NOT send emails that share those words; rather, talk to your person you are referring to the program one on one. PLEASE………..DO NOT PUT ANYTHING ON YOU TUBE PROMOTING PSR. THIS IS AN ABSOLUTE NO, NO!!!
    Do not get alarmed with my next statement: The State of North Carolina gave Profitable Sun Rise a Desist and Decease Order NOT TO OFFER ANY MORE PSR OPPORTUNITIES TO PEOPLE IN THE STATE OF NORTH CAROLINA. Roman Novak put a statement on our Webinar that said: We assure you that Profitable Sun Rise is OK and in Control of the situation. We will issue an official up date soon. God bless you all. Roman Novak.
    The main complaint was that PSR is still found on the website.
    There will be NO Chairman’s Call next Tuesday night. Nanci Jo Frazer is now on a long needed vacation with her family.
    With the pay out of the Easter Gift PSR will be holding back on calls, and other activities BECAUSE they are revamping their websites so they too are compliant, 100%.
    The Private Plan will continue to be offered so select your affiliates carefully. Invite in ONLY people with sound character and who truly have a heart to want to make a difference in other peoples lives. GREED is a disease; don’t get that disease!!!
    GOOD NEWS!! Nanci Jo Frazer’s Group is being RENEWED by Roman Novak.
    If you have an issue with your PSR account or accounts please send your problem to: support@profitablesunrise.com
    If you have an unresolved problem send your email to: njfdirect@gmail.com
    Bank wire issues should be sent to: Bank@ProfitableSunRise.com

    DO NOT send emails to Nanci Jo Frazer (SHE IS ON VACATION) and DO NOT send emails to:
    Rev. Jon Simmons. HE IS WORKING FULL TIME ON THE WEBSITES REVISIONS AND CAN NOT BE INTERRUPTED.
    (We need to honor these two people so they can get their jobs done so we can enjoy our program for years and years to come)

    Comments were made that a SMALL number of people were on this call this morning and Rev. Jon Simmons asked that all of us on the call would help remind our team what was talked about. Have a GREAT week end folks.

    Talk about smoke and mirrors, deflection and mis-direction this was full of it. But I loved the “Desist and Decease” order. Also nice that just after Nanci Jo took down all her videos, and went on her vacation, the NC Secretary of State Cease and Desist order was made public. I’m sure it was just a co-incidence she was on her much needed vacation when this news broke. Yep, and I’ve got a bridge to sell you.

      (Quote)

  17. Desist and DECEASE

    Freudian slip ???

    More like reality has set in, if you ask me.

      (Quote)

  18. So what is to stop someone from North Carolina joining PS if they want to?

    Does the NC State monitor all ISP traffic? If they do, they may not have the funds to do that soon if the 86 million of cuts is approved.

    Then what will happen …. people will make their own choices and be personally responsible for what they choose to do? Sounds like anarchy to me …. or is it just the way things used to be before the evil interwebby started controlling peoples lives. I hope all those in NC that joined have their house insurance in order for when the FBI come crashing through their doors shouting for people to take their hand off the mouse!

    Gimme a break … if people want to spend their money on this then why not. Beats spending it on booze and drugs. Though I guess you need to save some for a gun or two.

      (Quote)

  19. Dave: So what is to stop someone from North Carolina joining PS if they want to?

    Absolutely nothing.

    SMART people without an anti government axe to grind, however, will take it as an indication that many other SMART people will realize that all is not as it appears in Profitable Sunrise and, as the saying goes: the writing is on the wall

    HYIP ponzi frauds rely on a constant inflow of new money.

    Any interruption to that flow will slow or even stop a HYIP ponzi fraud in it’s tracks.

      (Quote)

  20. does anyone have any facts , that is the whole problem no one has the facts but everyone once to be the one that know every thing.

      (Quote)

  21. littleroundman, not being from the USA I was just wondering if there is any clout to these cease and desist orders and everyone towed the line once they were announced. I fully understand the need of the ponzi monster needing constant feeding.

    Though never over estimate the smartness of people. Many people have proven time and time again to be about as smart as a rock. Not even a cease and desist order can help them lol.

    It will be interesting to watch this unfold or explode, or implode or smiply fizzle.

    Cheers from NZ

      (Quote)

  22. They certainly are no guarantee the HYIP ponzi fraud will cease immediately, DAve.

    What tends to take place, however, is that many potential victims see the issuance as a red flag, particularly if he/she has been wavering as to whether or not to take the plunge.

    Any slowdown in new income in one of these higher profile HYIP ponzi frauds is usually fatal.

    In fact, you could safely bet seasoned HYIP ponzi “players” abandoned Profitable Sunrise within hours of the C & D being issued.

      (Quote)

  23. Certainly the Federal Reserver/Rothchild Banking System and the Attorney Generals in all of the States have the best interests of the American People at heart. After all, North Carolina is where Sheriff Andy, Barney Fife and Aunt Bea are from.

    We can all rest assured that the banks don’t care that their deposits are going overseas where a company is making us some serious money.

    Gee, we should all be sure that the Attorney General of North Carlina knows the differece between a purchasing Securities and a Loan Agreement.

      (Quote)

  24. Myriad Force: Gee, we should all be sure that the Attorney General of North Carlina knows the differece between a purchasing Securities and a Loan Agreement.

    Actually, the enforcement authority here is the Securities Division of the North Carolina Secretary of State.

    Myriad Force: Certainly the Federal Reserver/Rothchild Banking System

    AdSurfDaily figure and purported “sovereign citizen” Kenneth Wayne Leaming also was enamored with the Federal Reserve/Rothschild conspiracy theory.

    http://patrickpretty.com/2011/11/27/bulletin-in-affidavit-fbi-counterterrorism-agent-cites-passage-from-alleged-kenneth-wayne-leaming-email-that-references-kids-of-u-s-chief-justice-john-roberts-and-their-school/

    Myriad Force: Certainly the Federal Reserver/Rothchild Banking System and the Attorney Generals in all of the States have the best interests of the American People at heart. After all, North Carolina is where Sheriff Andy, Barney Fife and Aunt Bea are from.

    I’m thinking that North Carolina and the American people at large are quite proud of Sheriff Andy, Barney Fife and Aunt Bea, characters from The Andy Griffith Show, an iconic 1960s TV series.

    Myriad Force, did you know the AdSurfDaily apologists tried to insult the lead prosecutor in the $119 million Ponzi case by calling him “Gomer Pyle?”

    It didn’t work.

    http://patrickpretty.com/2009/10/14/editorial-our-best-wishes-to-gomer-pyle-ausa/

    Patrick

      (Quote)

  25. littleroundman: In fact, you could safely bet seasoned HYIP ponzi “players” abandoned Profitable Sunrise within hours of the C & D being issued.

    I expect the “seasoned” players cashed out long, long ago. I expect they only put the minimum in (if that) then dragged in their down line, so profiting on referrals. The likes of Ken Russo & Faith Sloan would cash out ASAP, as soon as they made any money back.

      (Quote)

  26. Those who would protect any from any scams or ponzi schemes would only be screaming daily of the largest ones perpetuatated upon the American people and to name just a couple, the Federal reserve currency system we are forced to operate within as currency rather than “money” or the Social Security system. I know not of any bigger scam than another such as this is, and the difference is… This one is paying people.
    I see on many blogs etc the fact that many persons are stating that they do daily receive funds. Did Bernies scamed get any funds ever? I wrote on Faiths blog also.. Unless you put your money where your mouth is and actually lose your funds. Cease speaking negativly… Unless your desire is to be part of the system in place and lose none of your advantage over the sheep to pad your own currency future.. This is what is right and true. Will you ? Bet not. Test it before you speak. Im now going to just to see.

      (Quote)

  27. Mark: I see on many blogs etc the fact that many persons are stating that they do daily receive funds

    Yes, the MoneyMakerGroup and TalkGold Ponzi forums, for instance.

    See July 2010 story on FINRA warning, which was issued after the massive Pathway To Prosperity HYIP fraud and the massive Genius Funds HYIP fraud:

    http://patrickpretty.com/2010/07/15/go-finra-regulator-tackles-online-hyips-issues-warning-on-social-media-linked-ponzi-schemes-references-p2p-genius-funds-con-artists-and-bizarre-substratum-of-internet/

    Mark: Did Bernies scamed get any funds ever?

    Yes. Right up until the very moment in December 2008 that they no longer could get any funds because his massive Ponzi scheme collapsed after duping people for approximately 30 years.

    Mark: Test it before you speak.

    “Test spends” are not due diligence. And very often they are the tools of shills to help a scheme get a head of steam.

    Mark: the Federal reserve currency system we are forced to operate within as currency rather than “money” or the Social Security system.

    More conspiracy theories. Zeek used the Social Security dodge on its own website.

    http://patrickpretty.com/2012/05/22/editorial-stepfords-at-the-gate-zeek-trots-out-social-security-argument-in-preemptive-pyramid-scheme-denial-auction-site-makes-its-bizarre-case-with-exclamation-points/

    Patrick

      (Quote)

  28. Patrick,

    I’d appreciate your thoughts on this, and please, something more substantive than calling those with concerns about the Fed “conspiracy theorists.” Many books, including “The Creature from Jekyll Island” have been written on the subject. The Fed routinely creates money out of thin air with a printing press or a few computer keystrokes.
    [URL deleted by Admin]

    Regards,
    ~John

      (Quote)

  29. John: I’d appreciate your thoughts on this, and please, something more substantive than calling those with concerns about the Fed “conspiracy theorists.” Many books, including “The Creature from Jekyll Island” have been written on the subject. The Fed routinely creates money out of thin air with a printing press or a few computer keystrokes.
    [URL deleted by Admin]

    I appreciate your tone, John. Regardless,– I won’t engage you on this. Nor will I publish the URL, given that this is a thread about Profitable Sunrise.

    If you want my general view, it’s simple: I believe my country is under attack both internally and externally by people attempting to inflict serious harm on both the United States and its people. I further believe that dark forces are co-opting people of faith and using them as dupes.

    This Blog does not exist to rant/rail against the Federal Reserve or even to examine it; it exists to educate the public about securities-fraud schemes and, increasingly, the threat to law and order (and even civil discourse) posed by “sovereign citizens.”

    Patrick

      (Quote)

  30. I appreciate your tone as well, Patrick. I realize the blog is not about the Fed, I was just taken aback when another poster was accused of conspiracy theory.

    I agree with you that the country has enemies, both internally and externally. I also have serious concerns over organizations such as the Council on Foreign Relations (CFR) and the Bildeberg Group. However, as you noted, this is not the venue for that topic. I consider myself a strong person of faith but that wasn’t why I considered ProSun. After reading your blog, I will reexamine my motivations.

    Thank you again for your candid response.

      (Quote)

  31. Quick note: This time the spam appear to originate from Chennai, India, at 116.203.128.115.

    Last time it appeared to originate at 80.215.23.27 in Bangalore, India.

    It’s clear they’re trying to pick off Profitable Sunrise members for a reload scam.

    Patrick

      (Quote)

  32. This thread was targeted again today (11:27 a.m.) by a spammer purporting to be a “private lender.”

    IP appears to be in Nigeria.

    Patrick

      (Quote)

  33. Quick note: This thread was targeted again today (6:04 p.m.) by a spammer using a yahoo address who recommends that my readers contact someone at a hotmail address to get a loan from a “Christian” lender interested in helping borrowers recover from broken romances, pay for a doctor to treat children with life-threatening diseases and to ward off foreclosures.

    IP appears to be in Nigeria.

    Patrick

      (Quote)

  34. Today (2:14 p.m.) it was loans from a Christian lender — in case you have a loved one in need of a kidney transplant.

    Looks like a Nigerian IP again, with gmail and hotmail addresses cited.

    Patrick

      (Quote)

Leave a Reply