Archive for November 13th, 2014

MILESTONE: The PP Blog’s 2,500th Post: Pennies For Our Thoughts

EDITOR’S NOTE: This post originally was published at 12:40 a.m. ET on Nov. 3. It will continue to appear at the top of the PP Blog for a while, but new stories will appear below it . . . Dear Readers, What a long, strange, occasionally exhilarating and sometimes frightening ride it has been. This […]

The Monumentally Alarming Tale Of ‘Secure Investment’

The Monumentally Alarming Tale Of  'Secure Investment'

“Secure Investment lured customers by creating its own good reputation and by publishing a seemingly successful trading record on its elaborate website. It was all a lie. The company‚Äôs claims to have offices and a large staff were also false. At least some of its so-called customer testimonials were actually delivered by actors.” — Bloomberg […]

REPORTS: Paul Burks, Alleged Operator Of $850 Million Zeek Rewards Ponzi, Pleads Not Guilty And Is Released On $25,000 Unsecured Bond

REPORTS: Paul Burks, Alleged Operator Of $850 Million Zeek Rewards Ponzi, Pleads Not Guilty And Is Released On $25,000 Unsecured Bond

Paul Burks pleaded not guilty this morning and has been released on $25,000 unsecured bond, The Dispatch newspaper of Lexington, N.C., is reporting. Burks, 67, was the alleged operator of Zeek Rewards, which federal authorities have described as an $850 million Ponzi- and pyramid scheme. He was indicted last month on charges of wire and […]