UPDATE: Italy Finalizes Suspension Order Against Alleged Profitable Sunrise Pitchman Who Got Booted By WordPress

ponzinews1UPDATE: CONSOB, the Italian securities regulator, has finalized a March 27  suspension order against alleged Profitable Sunrise pitchman Daniele Verzari.

Verzari allegedly pitched Profitable Sunrise as the “founder” of the Vdproject Italy team on a 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 “Bestforinvest.”

On April 4, the U.S. Securities and Exchange Commission (SEC) filed a pyramid-scheme complaint against Profitable Sunrise in federal court in Atlanta. Records show that the SEC has issued subpoenas to several Profitable Sunrise pitchmen in the United States.

The murky scheme may have collected tens of millions of dollars by targeting U.S. investors, routing the proceeds of the scheme through offshore bank accounts and using a mail drop in England, the SEC said. Profitable Sunrise operated through an entity known as Inter Reef Limited.

Profitable Sunrise purportedly was operated by “Roman Novak.” It allegedly offered five HYIP plans, including one bizarrely dubbed the “Long Haul” that purported to pay 2.7 percent a day with the payout due April 1, the day after Easter. Profitable Sunrise went missing from the Web on or about March 14.

The actions by CONSOB and the SEC demonstrate that HYIP schemes can create trouble not only for purveyors such as “Novak,” but also for commission-based promoters.

Scammers have targeted Profitable Sunrise victims in multiple reload schemes.

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9 Responses to “UPDATE: Italy Finalizes Suspension Order Against Alleged Profitable Sunrise Pitchman Who Got Booted By WordPress”

  1. He is now pimping something called Paradox Cash.
    http://paradoxcash.ning.com/profile/DanieleVerzari

    The actions of CONSOB unfortunately don’t seem to have much effect on him. So far.

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  2. Tony H: He is now pimping something called Paradox Cash.

    And apparently also TelexFree, ProfitClicking, AdHitProfits, Rican Ad Funds, JubiRev and more, I now see, Tony.

    Looks as though he simply moved to another site and is quoting Winston Churchill.

    It just never stops.

    Patrick

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  3. Paradox cash has been around to several years. The chief pimp for that was Myrna Ferguson from Adlandpro.

    There are several threads on Real Scam about Paradox Cash and those involved in it but I can not get into RS as it keeps timing out. The latest thing she is pimping is Zycor or something with a similar name. There may be a connection.

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  4. Here is one thread about Paradox Cash from RealScam. It is mentioned in severl RS threads and there are names of others who were promoting it.

    http://www.realscam.com/f9/paradox-cash-another-pyramid-1616/

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  5. Quick note: Though not directed at this thread, for the past week or so the PP Blog has been receiving spam that features the photo of Elie Wiesel, a survivor of Nazi concentration camps and the 1986 winner of the Nobel Peace Prize.

    Today’s spam was for a tanning bed. Good grief!

    It is simply incredible that people license themselves to do this sort of thing. I’m remembering, though, that Lyoness saw fit to trade on an image of Nelson Mandela — another Peace Prize winner — and that Club Asteria traded on the name of Mahatma Gandhi.

    Maybe I’m showing my age, but I’m not sure if the world ever has been this screwed up.

    Patrick

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  6. It was doomed to fail from the moment he named it Vdproject.

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  7. admin: t is simply incredible that people license themselves to do this sort of thing. I’m remembering, though, that Lyoness saw fit to trade on an image of Nelson Mandela — another Peace Prize winner — and that Club Asteria traded on the name of Mahatma Gandhi.

    Cherry-picking the evidence to make your side look good is sorta universal marketing trick. TVI Express tried citing Warren Buffet, Donald Trump, Robert “Rich Dad” Kiyosaki, and even Bill Clinton to obliquely give itself credibility as MLM company / MLM industry.

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  8. Because Vityazi Ponzi was mentioned here, posting an update.

    Vityazi (a fake crowd-funding russian ponzi) which collapsed early this year.

    It’s leader Dmitriy Mazanov on April 29th launched a new reboot ponzi
    called “Microfinance” (http://vityazigroup.com).

    One of the victims, kept bugging prosecutor of Volgograd region with complaints,
    till on Aug 26, prosecutor launched a criminal investigation against Vityazi (case # 530697)

    Also he filed a lawsuit against Mazanov in local court to claim his initial deposit and
    legal expenses plus central bank interest rate applied to the claimed sum.

    Mazanov did not appear in court, and court ruled in favor of plaintiff.

    Will the victim be able to collect ? who knows.

    But it is a good example as one (just one person) who never stopped
    fighting for 6 months got a little victory.

    sources (russian):

    http://www.protivmmm.org/2013/09/blog-post_18.html
    http://www.protivmmm.org/2013/09/blog-post_19.html
    http://www.lohoboz.com/2013/04/blog-post_27.html

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  9. Hmm, another update on Vityazi ponzi,

    operators were arrested on friday (Oct 4th).

    http://www.realscam.com/f37/vityazi-russian-crowd-funding-ponzi-busted-2687

    Less than a month between starting investigation and crack down.

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