Archive for November 2015

TRAGIC REPORTS IN BRAZIL: TelexFree Prosecutor Found Dead

UPDATED 1:22 P.M. ET U.S.A. There are reports in Brazil that a prosecutor who worked on a TelexFree action in that country has been found dead inside her apartment. She has been identified as Nicole Gonzales Colombo Arnoldi, 35, of the state of Acre. The government of Acre has issued a statement of sympathy (in Portuguese) on […]

Robert L. Dear: Colorado Springs Police ID Alleged Shooter

Robert L. Dear: Colorado Springs Police ID Alleged Shooter

This is Robert L. Dear, the alleged mass shooter at  a Planned Parenthood clinic in Colorado Springs yesterday. He is suspected of murdering officer Garrett Swasey of the University of Colorado Colorado Springs (UCCS) Police Department. He also is suspected of shooting 12 people in total, killing Swasey and two others. President Obama said this morning […]

URGENT >> BULLETIN >> MOVING: TelexFree Was Ponzi And Pyramid Scheme, Judge Rules

URGENT >> BULLETIN >> MOVING: TelexFree Was Ponzi And Pyramid Scheme, Judge Rules

URGENT >> BULLETIN >> MOVING: Chief U.S. Bankruptcy Judge Melvin S. Hoffman of the District of Massachusetts has ruled TelexFree a Ponzi and pyramid scheme. It is the first such ruling by a U.S. Court and was issued on Thanksgiving Eve. The ruling was requested on Oct. 7 by Stephen B. Darr, the court-appointed TelexFree trustee. […]

U.S. Marshals Service Allegedly Seizes Gun From Accused USFIA Pyramid-Schemer

U.S. Marshals Service Allegedly Seizes Gun From Accused USFIA Pyramid-Schemer

“Initially, Defendant Steve Chen aka Li Chen (“Chen”) was not present at the Company Offices. Shortly after the Receiver arrived and the U.S. Marshals secured the Company Offices, Chen arrived. He was wearing a security guard uniform and carried a loaded gun, which was not concealed. The U.S. Marshals seized the weapon and also found […]

STATS: High Interest Globally In Criminal Probe Involving Payza And Obopay

STATS: High Interest Globally In Criminal Probe Involving Payza And Obopay

On the past four Mondays — Oct. 26, Nov. 2, Nov. 9 and Nov. 16 — the PP Blog averaged viewership from 32 countries, according to a compilation of data from Jetpack summarized by the Blog. These numbers are typical. On any given day, viewers from between 25 and 40 countries arrive here. But on Oct. […]

ZEEK: Settlements Possible With MLM Attorneys, Nehra And Waak Law Firm

ZEEK: Settlements Possible With MLM Attorneys, Nehra And Waak Law Firm

A North Carolina lawyer for a Michigan MLM law firm and MLM attorneys Gerald Nehra and Richard Waak advised a federal judge yesterday that a settlement was possible among her clients and the court-appointed receiver in the Zeek Rewards’ Ponzi- and pyramid-scheme case. Receiver Kenneth D. Bell sued the lawyers and the firm in September, alleging […]

Black December Fears Over AdClickXPress, Successor Scam To ‘JustBeenPaid’ And Others

Black December Fears Over AdClickXPress, Successor Scam To 'JustBeenPaid' And Others

As the PP Blog reported nearly a year ago, AdClickXpress (ACX) was a continuation of an absurd scam that began years ago as JSSTripler/JustBeenPaid, with antigovernment zealot and “sovereign citizen” sympathizer Frederick Mann at the helm. Just in time for the 2015 holiday season, there are reports that ACX has suspended payouts or is making […]

‘WINGS NETWORK’: Court Orders Disgorgement Of Tens Of Millions Of Dollars In Pyramid/Ponzi Case — Plus, Prison Sentences Ordered In eAdGear Case

'WINGS NETWORK': Court Orders Disgorgement Of Tens Of Millions Of Dollars In Pyramid/Ponzi Case -- Plus, Prison Sentences Ordered In eAdGear Case

Back in February 2015, the SEC brought a Ponzi- and pyramid action against the alleged operators of “Wings Network,” alleging a cross-border MLM fraud that had gathered tens of millions of dollars. Massachusetts Commonwealth Secretary William Galvin, head of the Massachusetts Securities Division, charged Wings Network and some individuals in 2014. The SEC announced today […]

WCM777/’Joseph Global Institute’: More Strange Turns Potentially Involving More Colleges And A Push Toward Offshore ‘Cryptocurrency’

WCM777/'Joseph Global Institute': More Strange Turns Potentially Involving More Colleges And A Push Toward Offshore 'Cryptocurrency'

UPDATED 4:06 P.M. ET U.S.A. Campus police departments at Southwestern University, Eastern Connecticut State University, the University of Wisconsin-Madison and Texas Tech University had no immediate comment today on a developing story that may be flowing from the bizarre WCM777 Ponzi scheme allegedly operated by SEC defendant Phil Ming Xu, also known as Dr. Phil […]

SPECIAL REPORT: Accused WCM777 Ponzi Schemer Ming Xu Expressed Concern About Being Harmed, Says He Was Cooperating With Government; Purported Texas University Claims It Has Absorbed The Bizarre ‘Joseph Global Institute,’ Raising New Questions; WCM777 Claims Deadline Extended To Dec. 24

SPECIAL REPORT: Accused WCM777 Ponzi Schemer Ming Xu Expressed Concern About Being Harmed, Says He Was Cooperating With Government; Purported Texas University Claims It Has Absorbed The Bizarre 'Joseph Global Institute,' Raising New Questions; WCM777 Claims Deadline Extended To Dec. 24

EDITOR’S NOTE: The story about Phil Ming Xu’s asserted cooperation with the government appears below the subhead. We’ll lead with the news of extension of the claims deadline for WCM777 victims. If you’re a victim of the World Capital Market/WCM777 Ponzi- and pyramid scam shut down by the SEC last year, you now have until […]

BOOKMARK FOR ZEEKERS: Lawyer For Alleged Ponzi Winners Now Has Website And Has Posted Documents

Whether you’re an alleged Zeek “winner” or a “loser” hoping the court will force the return of tens of millions of dollars in gains, this is one to bookmark: http://www.zeeknetwinnerclass.com/index It’s the website of J. Kevin Edmundson, the lawyer appointed by the court in essence to defend thousands of alleged Zeek Rewards winners sued by court-appointed […]