Archive for October 2014

In Extraordinary Development, Federal Judge Approves Temporary Restraining Order ‘Without Notice’ That Directs Zeek Vendor ‘To Immediately Deposit With The Receivership’ Nearly $5 Million

In Extraordinary Development, Federal Judge Approves Temporary Restraining Order 'Without Notice' That Directs Zeek Vendor 'To Immediately Deposit With The Receivership' Nearly $5 Million

DEVELOPING STORY: (Updated 10:02 p.m. EDT U.S.A.) In an extraordinary development on this Halloween Friday, the federal judge presiding over the SEC’s Ponzi- and pyramid-scheme case against Zeek Rewards has issued a Temporary Restraining Order and directed a Zeek vendor to immediately turn over to the receivership more than $4.85 million. The order was entered […]

Some Zeek Claimants From Outside The United States Unable To Deposit Distribution Checks; Receiver Provides Guidance

Kenneth D. Bell, the Zeek Rewards receiver, published an announcement last night that certain Zeek claimants from outside the United States who received a distribution check were unable to deposit it. Here is the announcement, dated Oct. 30, 2014 (italics/bolding added). ANNOUNCEMENT FROM THE RECEIVER – October 30, 2014 Various foreign claimants have reported that […]

Washington D.C. Police Officer Allegedly Ambushed At 3 A.M. By Ax-Wielding Man Who Escaped

Washington D.C. Police Officer Allegedly Ambushed At 3 A.M. By Ax-Wielding Man Who Escaped

An ax-wielding man attacked a police officer driving a marked car at 3 a.m. today in an ambush, the Washington Metropolitan Police Department is reporting via Twitter and Facebook under the signature of Chief Cathy L. Lanier. The officer was not injured by the ax, but was injured in the “attempted apprehension,” the department said. […]

IN MEMORY: Thomas Menino, Personification Of ‘Boston Strong’

IN MEMORY: Thomas Menino, Personification Of 'Boston Strong'

On April 13, 2013, a 70-year-old common man named Tom Menino had surgery. The procedure entailed the “placement of a plate and screws to repair the spiral fracture of [his] right fibula.” The break had occurred near the ankle. Two days later, on April 15, Menino was still in the hospital. Sometime shortly after 2:49 […]

URGENT >> BULLETIN >> MOVING: Accused Cop-Killer Eric Frein Captured After 48-Day Manhunt In Pennsylvania Mountains

URGENT >> BULLETIN >> MOVING: Accused Cop-Killer Eric Frein Captured After 48-Day Manhunt In Pennsylvania Mountains

URGENT >> BULLETIN >> MOVING: (Updated 6:37 a.m. EDT Oct. 31 U.S.A.) Eric Frein, the man accused of ambushing two state troopers under cover of darkness outside their barracks in rural northeastern Pennsylvania, has been captured after a 48-day manhunt, Gov. Tom Corbett announced on Twitter. Frein, 31, became one of the FBI’s 10 Most […]

BULLETIN: Receiver Sues Zeek ‘Winners’ In Canada

BULLETIN: Receiver Sues Zeek 'Winners' In Canada

BULLETIN: New court filings today in the Western District of North Carolina show that the court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case has sued 26 alleged “net winners” in Canada. Each of the defendants allegedly received at least $50,000, according to filings by receiver Kenneth D. Bell. More . . .

SEC Official Speaks On TelexFree Case At ‘Fraud Affects Every Community’ Event At FTC, Announces ‘Pyramid-Scheme Task Force’ And Tells Audience That ‘Program’ Consumed Entire $50,000 Retirement Account Of Trusting Mom

SEC Official Speaks On TelexFree Case At 'Fraud Affects Every Community' Event At FTC, Announces 'Pyramid-Scheme Task Force' And Tells Audience That 'Program' Consumed Entire $50,000 Retirement Account Of Trusting Mom

“We know of at least one victim who borrowed, I think, $50,000 from his mother and gave it all to [TelexFree]. And it was her entire retirement.” — Melissa Armstrong, assistant chief litigation counsel, U.S. Securities and Exchange Commission, Oct. 29, 2014 UPDATED 12:19 P.M. EDT OCT. 30 U.S.A. Affinity fraud was one of the […]

NASAA: Watch Out For Ebola-Related Scams, Especially On The Internet

NASAA: Watch Out For Ebola-Related Scams, Especially On The Internet

The North American Securities Administrators Association (NASAA) today warned the investing public to watch out for Ebola-related scams. “Past experience tells us that periods of uncertainty or fear are prime time for con artist looking to make a quick score,” said William Beatty, NASAA president and Washington Securities director. “Investors should approach with caution any […]

Nevada Isssues Warning On Wings Network MLM ‘Program’; Says It Is Being Sold ‘Door-To-Door’ And Is Targeting Spanish And Portuguese

Nevada Isssues Warning On Wings Network MLM 'Program'; Says It Is Being Sold 'Door-To-Door' And Is Targeting Spanish And Portuguese

As the PP Blog reported on May 15, Massachusetts Commonwealth Secretary William Galvin sued the Wings Network MLM “program” and some of its promoters, alleging securities violations and a “thinly veiled pyramid scheme” targeting minority communities. Now, Nevada Secretary of State Ross Miller has published a warning on Wings Network, saying the online “program” even […]

TelexFree Probe Continues; ‘Substantial Amount’ Of YouTube Video Content Sought In Search Warrant Served Oct. 16

TelexFree Probe Continues; 'Substantial Amount' Of YouTube Video Content Sought In Search Warrant Served Oct. 16

The TelexFree probe continues in the United States, with prosecutors revealing today that federal agents served a search warrant on Google on Oct. 16 that sought a “substantial amount” of content on YouTube. Precisely what content prosecutors are seeking was not immediately clear. Google told agents that “compliance will take several weeks,” according to the […]

DHS Ramps Up Security At Federal Buildings In Wake Of Attacks In Canada And New York

DHS Ramps Up Security At Federal Buildings In Wake Of Attacks In Canada And New York

In the aftermath of last week’s attacks on Canadian soldiers, the Canadian Parliament and New York City police officers, Secretary Jeh Johnson of the U.S. Department of Homeland Security issued this statement today (italics added): Today I am announcing that I have directed the Federal Protective Service to enhance its presence and security at various […]