HourlyRevShare, Another ‘Ken Russo’ Ponzi-Board ‘Program,’ Reportedly DOA

krussohourlyrevshareHourlyRevShare, another in a long list of incongruous HYIP Ponzi-board “programs” pushed by serial huckster “Ken Russo” (also known as “DRdave”), reportedly has collapsed after taking a second bite of the Ponzi apple (purportedly as HRS II) after the original iteration collapsed. Other recent “programs” pushed by “Ken Russo” include Zeek Rewards and Profitable Sunrise, both of which cratered after regulatory actions in the United States.

“Ken Russo” also pushed Felmina Alliance, which became the subject of an Investor Alert in Canada; AdSurfDaily, a $119 million Ponzi scheme that put operator Andy Bowdoin in federal prison in Florida; MPB Today, a scheme that led to racketeering charges being filed in Florida against operator Gary Calhoun; Club Asteria, a scheme that falsely planted the seeds it was endorsed by actor Will Smith and the American Red Cross while also trading on the name of slain human-rights champion Mahatma Gandhi; a scheme known as Gold Nugget Invest that cratered in at least two forms; JSS Tripler/JustBeenPaid, a multiple-name scheme purportedly operated by Frederick Mann that promised a return of 730 percent a year and has encountered regulatory actions in Italy and the Philippines;  knockoff scams known variously as JSSTripler 2 and Compound 150 purportedly operated by “Dave” between purported bouts with Dengue Fever; and Wealth4AllTeam, a “program” that experienced business halts and relaunches with new names, at one time claiming it was impervious to U.S. regulators at the state and federal level while incongruously claiming disputes would be settled under California law.

Among other things, the lead pitchman for HourlyRevShare on the MoneyMakerGroup Ponzi forum claimed that the “program” offered “Daily guaranteed Payouts.” The promoter also claimed (italics added):

“Earn 4.5% to 6.5% daily for 20 days.”

“Earn 135% to 195% on your shares.”

“Earn 0.18 to 0.29 every hour.”

On April 9, 2013, less than a month after the Profitable Sunrise HYIP scheme collapsed amid SEC allegations a ghost might have been at the wheel, Ken Russo (as “DRdave”) claimed on TalkGold that he’d just received a payment of $4,850 from HourlyRevShare, which was using a Gmail email address. Critics of HourlyRevShare claim the “program” is linked to individuals known as Analie or Anelie Steinway and Dr. Leiven Van Neste.

Whether these individuals actually exist remains an open question.

“Ken Russo” also has been leading cheers for a “program” known as NEOMutual, yet-another Ponzi-board darling. NEOMutual is being pushed alongside a “program” bizarrely known as “CashCropCycler.”

Also see Comments thread below this PP Blog story on the JSS/JBP-linked ProfitClicking scam.

 

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5 Responses to “HourlyRevShare, Another ‘Ken Russo’ Ponzi-Board ‘Program,’ Reportedly DOA”

  1. It is all the naysayers fault this happened. Hmm, think we have heard this excuse before. Now what is truly funny is that Anelie/Analie (she never could figure out how to spell her name) didn’t exist despite Ken Russo’s assurance his sponsor had talked with her. She was nothing more than a paid actress to play the part, and the minions fell for it.

    Now the wringing of hands, crying, and anger will be on display just like in every other Ponzi that runs for the tall grass. But the good news is Anelie/Analie is going to refund those who were not in profit for them to get at least their initial spend back. If this happens, there will be a lot of pink elephants and donkeys flying around.

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  2. How law enforcement officials in Illinois (where Ken Russo is reported to live) allow this man to continue to steal tens of millions of dollars over the course of year, in the wide open, is beyond. Surely they don’t have any governor’s left to indict?

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  3. Slightly off topic, but some people have been busy:
    The Secret Service Agent Who Collared Cybercrooks by Selling Them Fake IDs
    http://www.wired.com/threatlevel/2013/07/open-market/

    I wonder how many ponzi friendly payment processor accounts have been opened with ID supplied by the Secret Service?

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  4. No big surprise Russo is not bothered in Illinois. The entire state is run by crime families and thugs. Most rats don’t eat their own kind.

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  5. Quick note: This thread since yesterday has been absolutely pounded by spammers. There have been hundreds and hundreds today alone.

    Patrick

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