After Probe By Boston Police, Suffolk County DA Brings Ponzi And Loan-Sharking Charges Against Alleged ‘Common And Notorious Thief’; Investigators Say Investors Were Told They Were Providing Loans To Fund Loans At A Higher Rate
Some members of the Profitable Sunrise HYIP have said they were providing loans to “Roman Novak,” who lent out the money at a higher rate and created profits for the business and its promoters. Profitable Sunrise has been hit by cease-and-desist orders or Investor Alerts in at least 25 U.S. states and Canadian provinces. Profitable […]
UPDATE: New Jersey Issues Investor Alert On ‘Profitable Sunrise’
New Jersey has joined numerous U.S. states in issuing an Investor Alert on the Profitable Sunrise HYIP “program.” Separately, Alabama has issued a cease-and-desist order. The state previously issued an Investor Alert. With New Jersey’s action, the unofficial total of U.S. states or Canadian provinces issuing Investor Alerts or cease-and-desist orders now stands at 25. […]
PP Blog Experienced Outage
The PP Blog experienced a partial service outage that lasted through all or parts of three days. The event appears to have begun sometime after 3:13 a.m. EDT Saturday, although a couple of readers have said they noticed problems earlier. An engineer said this evening that Saturday’s event does not appear to have had a […]