Kansas Dismisses Action Against Profitable Sunrise Figure Nancy Jo Frazer

recommendedreading1The office of the Securities Commissioner of Kansas has dismissed a civil action against Profitable Sunrise HYIP figure Nancy Jo Frazer and Ohio-based Focus Up Ministries, doing business as NJF Global Group. The dismissal was “without prejudice,” meaning that the state could file again under certain conditions.

The dismissal order is dated Nov. 26. It appears on the state’s website today.

In May, a month after the SEC brought a fraud action against Profitable Sunrise, the state said two Kansas residents invested in Profitable Sunrise through an organization known as the NJF Global Group Community.

“The NJF Global Group Community was operated by Focus Up Ministries, Inc. and its founder, Nanci Jo Frazer,” the state said at the time. “The NJF Global Group Community promoted Profitable Sunrise as a fundraising opportunity for religious-based and charitable organizations.”

Frazer was not charged in the SEC action. Apparent Frazer supporters have claimed she was a victim of “innocent ignorance.”

Frazer was named a defendant in an Ohio fraud action in July and was referenced in an earlier action filed in Minnesota. NJF Global Group is referenced in an alert by the Financial Markets Authority of New Zealand.

In May, Kansas became one of at least 36 U.S. states or provinces in Canada to issue cease-and-desist orders or Investor Alerts against Profitable Sunrise. At least four Kansas residents invested a total of at least $22,000 in Profitable Sunrise, the state said.

Purported Profitable Sunrise operator “Roman Novak,” whom the SEC said may be fictitious, appears not to have responded to any of the state-level actions or the SEC’s federal action. Profitable Sunrise was targeted at people of faith, the SEC said, alleging the purported “opportunity” was using a mail drop in England and bank accounts in other countries to fleece the masses.

One of the purported Profitable Sunrise “programs” was known as the Long Haul. It purported to pay interest of 2.7 percent a day with compounding available. Such schemes long have been associated with the HYIP sphere.

“Long Haul” payouts were due April 1, April Fool’s Day and the day after Easter 2013. The payouts never materialized.

 

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4 Responses to “Kansas Dismisses Action Against Profitable Sunrise Figure Nancy Jo Frazer”

  1. “Ponzi Jo Frazer” is not off the hook just yet…..

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  2. Kansas also released they had settled with David P. Cozzocrea for his involvement in Profitable Sunrise. Seems they waited to make sure he completed paying back the $2,000 to his victims, plus his $500 fine before releasing news of his agreement with them.

    It is possible that Kansas is waiting to see what happens in Ohio and if the FEDS take any action before they decide what to do.

    For anyone who thinks this exonerates Nanci Jo from her involvement in Profitable Sunrise, think again. They have just put things on hold for now.

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  3. 35 more states to go? :D

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  4. BEST WISHES TO NANCI JO FRAZER & AND HERFAMILY. YOU ARE PEOPLE WHO GOT SUCKED INTO A UNEXPECTED NIGHTMARE. THANKS FOR RECENTLY WARNING US AGAINST OTHER PROGRAMS LIKE PROFITABLE SUNRISE & OF THE LEARNED RISKS OF SIGNING UP FOR OFFSHORE PROGRAMS. WE ARE ALL LEARNING THAT EVEN A COMPANY PROPERLY REGISTERED IN THE USA CAN STILL POORLY MANAGE THEIR COMPANY AND END UP AS SOME KIND OF DISASTER. LOOK AT OBAMA CARE? SOME SAY THEY USED THE ZEEK REWARDS MONEY TO PAY FOR THEIR WEBSITE? HMMM- HOW CAN ANYONE JUSTIFY PAYING $350 MILLION DOLLARS ON A WEBSITE THAT REALLY COSTS ABOUT $25,000 TO BUILD? I AM SURPRISED THEY DID NOT BLAME YOU FOR OBAMA CARE TOO? ANYWAY-THOSE HIGH YIELD PROGRAMS WERE NEW TO EVERYONE AND WE ARE LEARNING THAT THEY CAN DISGUISE THEMSELVES. WE ARE PRAYING FOR YOU & YOUR FAMILY THAT GOD WILL CONTINUE TO GIVE YOU STRENGTH TO GET THROUGH THIS CRAZINESS? GLAD TO HEAR YOUR SON IS FULLY HEALED. I DON’T KNOW HOW YOU ARE ABLE TO FORGIVE THE MEN WHO STALKED YOU WHILE YOUR CHILD WAS DYING & THE OWNER OF THE COMPANY YOU BELIEVED IN DISAPPEARS ALL ON THE SAME DAY? YOU ARE BETTER THAN ME. HEARD YOUR DAUGHTER MADE THE DEANS LIST. SAW THE NICE WRITEUP ABOUT YOUR GRANDFATHER IN THE NEWSPAPER ON HIS MEMORIAL SERVICE. YOU HAVE A NICE FAMILY. I WAS SO HAPPY FOR YOU ON THE KANSAS DISMISSAL. FINALLY THE TRUTH. I HEARD OHIO HAS HAD NO COMMUNICATIONS SINCE AUGUST 2013 WHEN THE JUDGE RULED IN YOUR FAVOR & UNFROZE YOUR ASSETS. THEY SHOULD HAVE WARNED US ALL BACK IN OCTOBER 2012 WHEN THEY SAID THEY KNEW ALL ALONG PS WAS A FRAUD? UNBELIEVABLE. THIS COULD HAVE ALL BEEN AVOIDED. OH I LOOKED UP DISMISSED WITHOUT PREJUDICE TOO FOR THE KANSAS CASE. I HEARD THAT NO SETTLEMENT WAS NEEDED. THAT IS GOOD. JUST BE DONE WITH IT ALL. WE ALL NEED TO MOVE ON. EVERY PERSON KNEW THAT WERE LOANING TO A GUY IN ANOTHER COUNTRY AND THERE WAS RISK WHEN YOU LOAN TO ANYONE. WE CAN ONLY BLAME OURSELVES. I HAVE MOVED ON. I HOPE THE GOV GIVES PEOPLE WHO CAME IN LATER THEIR MONEY BACK SOMEDAY.

    DISMISSED WITHOUT PREJUDICE
    Without prejudice is a legal term whose meaning, in essence, is “without injury” or “without loss” to the legal standing of a party to litigation. The courts use “without prejudice” during dismissal of legal proceedings, and parties to litigation often utilize it when negotiating the settlement.

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