Archive for January 15th, 2015

York Regional Police (Ontario) Ask For Assistance In Ponzi Case Allegedly Involving Salim Damji And Female Accomplice

York Regional Police (Ontario) Ask For Assistance In Ponzi Case Allegedly Involving Salim Damji And Female Accomplice

The York Regional Police Major Fraud Unit in Ontario, Canada, has arrested Salim Damji and a female accomplice in an alleged “romance and investment Ponzi scheme” that fleeced at least eight victims out of about $400,000. Damji, 45, allegedly uses multiple names. Police have released a photo of him and have asked the public for […]

Ontario Securities Commission Issues Warning On ‘Rockwell Partners,’ A Ponzi-Board ‘Program’

Ontario Securities Commission Issues Warning On 'Rockwell Partners,' A Ponzi-Board 'Program'

Rockwell Partners SA, an HYIP “program” that has a 218-page thread at the MoneyMakerGroup Ponzi forum, now is the subject of a warning from the Ontario Securities Commission. A Facebook site that claims an association with Rockwell Partners asserted in March 2014 that “[w]e would like to remind you that Rockwell Partners is not just […]

OHIO AG’S OFFICE: Parties Have Negotiated In Profitable Sunrise-Related Litigation, But No ‘Final Settlement Document At This Time’

OHIO AG'S OFFICE: Parties Have Negotiated In Profitable Sunrise-Related Litigation, But No 'Final Settlement Document At This Time'

Although the court docket in Williams County, Ohio, indicates that a settlement has been reached in a July 2013 civil case brought against Profitable Sunrise figure Nancy Jo Frazer and others, the office of Ohio Attorney General Mike DeWine said this afternoon that there was nothing to announce immediately. The PP Blog contacted DeWine’s office […]

TelexFree Case Announcement Was No. 1 ‘Most Viewed News’ From SEC In 2014

TelexFree Case Announcement Was No. 1 'Most Viewed News' From SEC In 2014

Moving forward, it might become harder for willfully blind, serial promoters of MLM HYIP schemes to claim surprise that the “programs” they’re pitching are engaging in securities fraud and the sale of unregistered securities. Indeed, the U.S. Securities and Exchange Commission’s halting of the TelexFree MLM scheme in April 2014 was the “#1 most-viewed news” […]