Archive for February 25th, 2014

UPDATE: Promoters May Be Lobbying TelexFree To Keep Ponzi Scheme Intact

UPDATE: Promoters May Be Lobbying TelexFree To Keep Ponzi Scheme Intact

Updated 8:36 a.m. ET (Feb. 26, U.S.A.) Some TelexFree promoters may be lobbying the company and Brazil-based executive Carlos Costa to keep its original Ponzi scheme intact, according to a Blog post (in Portuguese) observed by the PP Blog this morning. BehindMLM.com reported on Feb. 19 that TelexFree may be in the process of changing […]

Hawaii Says Man Created 13 Fake Identities And Disguised Voice To Scam Elderly Woman Out Of $1.4 Million

Hawaii Says Man Created 13 Fake Identities And Disguised Voice To Scam Elderly Woman Out Of $1.4 Million

Bing Long Yee was named in a Preliminary Order to Cease and Desist after securities investigators in Hawaii discovered he’d duped an elderly woman out of $1.4 million over a period of 15 years — in part by disguising his voice and adopting “as many as 13 different personas,” the Department of Commerce and Consumer […]

Quebec Issues Warning On ‘Affluential Group Corp.’

Quebec Issues Warning On 'Affluential Group Corp.'

The Autorité des marchés financiers (AMF) says an entity known as “Affluential Group Corp.” is soliciting illegally in Quebec. AMF conducted cybersurveillance and discovered online ads for Affluential Group and is seeking “orders to cease the solicitation, remove the ads and close Affluential Group Corp.’s website,” the agency said. In addition, the agency said, AMF […]