UPDATE: WordPress Boots Alleged Profitable Sunrise Pitchman Named In CONSOB Action

vdprojectitalyWordPress has booted a Blogger named in an April 2 order by CONSOB, the Italian securities regulator.

The Blog of Daniele Verzari now carries this message:

“vdprojectitaly.wordpress.com is no longer available.

“This blog has been archived or suspended for a violation of our Terms of Service . . .”

HYIP schemes spread in part through Blog pitches and pitches on social-media sites such as Facebook, YouTube and Twitter. In 2010, the Financial Industry Regulatory Authority (FINRA) said HYIP purveyors create “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.’”

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3 Responses to “UPDATE: WordPress Boots Alleged Profitable Sunrise Pitchman Named In CONSOB Action”

  1. If only Facebook would do that. The first time I heard of Zeekler was when one of my friends on Facebook started posting daily how much he was paid “for giving away bids for free”.

  2. It still amazes me that these idiots post stuff on the internet that lasts forever somewhere on the net; nice of them to provide evidence.

  3. […] Blog hosted by WordPress. After CONSOB announced a temporary suspension order on April 2, WordPress gave Verzari the boot. He also allegedly promoted schemes known as “Vityazi” and […]