IN MEMORY: Jerry S. Parr, USSS (Ret.), 1930-2015
On Jan. 20, 1981, Ronald Reagan became President of the United States — America’s 40th. He almost died in an assassination attempt outside the Washington Hilton Hotel a little more than two months later, on March 30. It was the 69th day of his Presidency. Today America is remembering the life of Jerry S. Parr, […]
URGENT >> BULLETIN >> MOVING: Zeek Receiver Sues MLM Attorney Gerald Nehra
URGENT >> BULLETIN >> MOVING: (7th Update 8:33 p.m. EDT U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case has sued MLM attorney Gerald Nehra and his law firm and law partner. Named defendants are Nehra as an individual and as a member of the Nehra and Waak law firm of Michigan, […]
FEDS: ‘Achieve Community’ Scam Raked Victims In More Than 140 Countries; Justice Department’s ‘Mega Victim Case Unit’ Called To Duty
Unlike the boffo web-based schemes of TelexFree, Zeek Rewards and AdSurfDaily, the “Achieve Community” scam in which participants were told they’d glean returns of 700 percent did not perform well (relatively speaking) at the MLM Pyramid/Ponzi Scheme Box Office. Achieve’s haul topped out at about $6.8 million, with alleged unfunded liabilities in the range of $50 […]
Banks Should Have Googled Daniel Fernandes Rojo Filho, Attorney Tells Bloomberg Business
The lede in a story this morning by Neil Weinberg of Bloomberg Business: “The U.S. requires banks to know their customers. Looks like several big ones, including Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co., may have missed getting acquainted with Daniel Fernandes Rojo Filho.” Here’s a link to the story, titled […]
REPORT: Vemma Europe Ltd. In ‘Provisional Liquidation’
3RD UPDATE 4:11 P.M. EDT U.S.A. There is a Twitter report in Spanish dated today that Vemma Europe Limited has been put in “provisional liquidation” and that the High Court of Ireland has appointed a provisional liquidator to verify claims. The PP Blog has observed a message on a Vemma.es domain that identifies the provisional liquidator as […]
PICTURE STORY: Attempted Candle-Snuffing
The PP Blog writes about Ponzi schemes, pyramid schemes, securities fraud, cross-border scams (transnational crime) and issues pertaining to economic and national security. This Blog has been here for you since 2008, through 2,738 articles. The graphic below shows blocked malicious login attempts here over just the past small handful of months. Be it random bots […]
2 Of 3 Wire-Fraud Counts Against DFRF’s Filho Pertain To YouTube Videos; Feds Busy With Search Warrants
EDITOR’S NOTE: See related story yesterday. Pitching your HYIP fraud scheme on YouTube and deceiving your audience en masse? You might need a good attorney: Two of the three wire-fraud counts against alleged DFRF Enterprises operator Daniel Fernandes Rojo Filho pertain to YouTube pitches. One, allegedly uploaded on Oct. 20, 2014, is titled “Primeiro Evento […]
BULLETIN: FTC Alleges Vemma’s Boreyko Violated Order After Judge Entered Preliminary Injunction
BULLETIN: (3rd update 10:17 p.m. EDT U.S.A.) The Federal Trade Commission has gone to federal court in Arizona, alleging that Vemma CEO B.K. Boreyko violated a court order within 11 days after a federal judge imposed a preliminary injunction against the MLM company. Boreyko contacted certain affiliates on an unknown date with Vemma “sales or marketing material” in […]
BRIEF: DFRF’s Daniel Fernandes Rojo Filho Indicted; Feds Establish Victims’ Page
Federal criminal prosecutors in the office of U.S. Attorney Carmen M. Ortiz of the District of Massachusetts have moved to stay discovery in the SEC’s civil case against DFRF Enterprises and alleged Ponzi- and pyramid-scheme operator Daniel Fernandes Rojo Filho. Initially charged in July 2015 via criminal complaint with wire fraud, Filho was indicted by […]
BULLETIN: SEC Calls U.S. Fine Investment Arts Inc. (USFIA) A ‘Worldwide Pyramid Scheme’ Tied To ‘Gemcoins’
BULLETIN: (7th update 3:26 p.m. EDT U.S.A.) An SEC complaint against USFIA Inc. first reported on Tuesday by the Sierra Madre Tattler and BehindMLM.com now has become public, with the SEC calling the venture a “worldwide pyramid scheme” that gathered on the order of $32 million while claiming it was backed by amber mines and duping […]
Vemma Tells Court Consumers ‘Possibly’ Took Unreasonable Risk In Joining Its MLM Program, But Did So Knowingly
“Consumers represented by the FTC knowingly and voluntarily, and possibly unreasonably, exposed themselves to any claimed losses with knowledge or appreciation of the risk involved.” — Part of Vemma’s Sept. 30 defense to pyramid-scheme and deceptive-advertising charges filed by the FTC in August Consumers can be forgiven if they view part of Vemma’s defense to […]