Archive for October 2015

Another ‘Ken Russo’ Disaster: Team Of Feds Hammers Alleged Operator Of ‘Program’ Pushed By Ponzi-Forum Legend

Another 'Ken Russo' Disaster: Team Of Feds Hammers Alleged Operator Of 'Program' Pushed By Ponzi-Forum Legend

UPDATED 7:51 EDT U.S.A. Let’s start by giving you the roster of federal agencies involved in the investigations and prosecutions of William M. Apostelos, 54, and Connie M. Apostelos, 50, his wife: (1.) The Office of U.S. Attorney Carter M. Stewart of the Southern District of Ohio. (2.) Internal Revenue Service Criminal Investigation. (3.) The […]

BULLETIN: New York State Senator Calls Herbalife A ‘Pyramid Scheme,’ Says Its ‘House Of Cards Is Tumbling Down’

BULLETIN: New York State Senator Calls Herbalife A 'Pyramid Scheme,' Says Its 'House Of Cards Is Tumbling Down'

5th Update 8:04 p.m. EDT U.S.A. New York state Sen. Jeffrey D. Klein of the Bronx has called Herbalife a pyramid scheme whose “house of cards is tumbling down.” Klein’s comments came in the context of an “undercover investigation” conducted by his office into Herbalife nutrition clubs in “The Bronx, Queens, and Brooklyn,” according to a PDF […]

In Separate Case, Zeek Figure Robert Craddock Sentenced To 6 Months In Federal Prison — Plus 15 Days At ‘Work Farm’ After Release

Uncharged in the Zeek Rewards’ case, Robert Craddock nevertheless has received prison time after pleading guilty to swindling more than $117,000 from the Deepwater Horizon oil-spill fund. U.S. District Judge Gregory A. Presnell of the Middle District of Florida yesterday sentenced Craddock to two six-month terms in federal prison to be served concurrently, followed by three […]

Sentencing Hearing Postponed For Zeek Rewards’ Executive Dawn-Wright Olivares

Sentencing Hearing Postponed For Zeek Rewards' Executive Dawn-Wright Olivares

Sentencing for Dawn Wright-Olivares, a former Zeek Rewards’ executive who pleaded guilty in February 2014 to investment-fraud conspiracy and tax-fraud conspiracy, has been postponed, the office of U.S. Attorney Jill Westmoreland Rose of the Western District of North Carolina said today. Wright-Olivares, whose age was listed as 45 by federal prosecutors at the time of her guilty plea, […]

Jeunesse MLM Rep Pulls A Piccolo

Jeunesse MLM Rep Pulls A Piccolo

Truth In Advertising (TINA.org) reported yesterday that a website styled JeunesseReserve at a WordPress site had positioned the MLM juice offering Jeunesse Reserve as a product that will reverse the course of gangrene in patients with diabetes who are facing amputations. According to the product claim, a woman with diabetes had developed gangrene of the finger and no longer could […]

UPDATE: Feds Intervened After Payza Sued Obopay

UPDATE: Feds Intervened After Payza Sued Obopay

As the PP Blog reported Oct. 19, federal prosecutors have opened a criminal probe involving Obopay and Payza and successfully asked a federal judge to pause civil litigation involving both payment-processing companies. The Blog is reporting today that federal prosecutors in the Northern District of California and the District of Columbia specifically intervened in a lawsuit […]

URGENT >> BULLETIN >>MOVING: Criminal Investigation Involving Obopay And Payza, A Ponzi-Forum Darling

URGENT >> BULLETIN >>MOVING: Criminal Investigation Involving Obopay And Payza, A Ponzi-Forum Darling

URGENT >> BULLETIN >>MOVING: (Updated 3:03 p.m. EDT U.S.A.) The United States has opened a criminal investigation involving Obopay and Payza, a Ponzi-forum darling. Details of the probe are unclear. But the office of U.S. Attorney Channing D. Phillips of the District of Columbia confirms on its website that the U.S. Department of Homeland Security through Homeland […]

REMINDER: Claims-Filing Deadline In WCM777 Ponzi- And Pyramid Case Is Nov. 9

REMINDER: Claims-Filing Deadline In WCM777 Ponzi- And Pyramid Case Is Nov. 9

Take note: Victims of the WCM777 MLM “program” must file a claim by Monday, Nov. 9, a little more than three weeks from today. The website of WCM777 receiver Krista L. Freitag now includes a countdown timer to the filing deadline. At the time of this post, only 23 days remain to file claims. This is the […]

MyAdvertisingPays Pulls Out Of America, Leaving U.S. Affiliates In The Lurch; Cross-Border Scheme Alleges Libel, Defamation

MyAdvertisingPays Pulls Out Of America, Leaving U.S. Affiliates In The Lurch; Cross-Border Scheme Alleges Libel, Defamation

EDITORIAL: In April 2015, the PP Blog reported that a promo on YouTube put words in the mouth of President Obama and depicted him as a pitchman for MyAdvertisingPays, a cross-border scheme with  promoters in common with the alleged Zeek Rewards and TelexFree Ponzi- and pyramid schemes. “My AdvertisingPays pays its members every 20 minutes,” a mimicked […]

SHADES OF ZEEK: Prospective Class-Action Defendant Tells Judge TelexFree Was Operating A Tax Scam

SHADES OF ZEEK: Prospective Class-Action Defendant Tells Judge TelexFree Was Operating A Tax Scam

In October 2014, federal prosecutors alleged that the Zeek Rewards MLM “program” shut down by the SEC two years earlier was in part a scam that caused “victim-investors to file inaccurate tax returns for phantom income they never actually received.” Now, a year later, a member of the TelexFree MLM scheme shut down by the […]

BOOKMARK EConsumer.Gov: 34-Nation Coalition Takes Online Complaints About Pyramid Schemes And Other Cross-Border Scams

BOOKMARK EConsumer.Gov: 34-Nation Coalition Takes Online Complaints About Pyramid Schemes And Other Cross-Border Scams

Modern scams that use the Internet can mushroom, creating victims in huge numbers in multiple countries. Let today be the day you bookmark EConsumer.gov. The PP Blog has placed a link in the right sidebar. The United States and 33 other countries are members of the International Consumer Protection and Enforcement Network or ICPEN. From the […]