Archive for February 2016

DEVELOPING STORY: TelexFree Rep Sued By Trustee Claims Herbalife ‘Executives’ And ‘Personnel’ Helped Sell Him On Alleged Ponzi/Pyramid Deal

DEVELOPING STORY: TelexFree Rep Sued By Trustee Claims Herbalife 'Executives' And 'Personnel' Helped Sell Him On Alleged Ponzi/Pyramid Deal

DEVELOPING STORY: (Updated 9:23 p.m. ET U.S.A.) A TelexFree rep being sued by the court-appointed bankruptcy trustee for the return of more than $2.6 million in alleged winnings from the judicially declared Ponzi- and pyramid scheme claims that Herbalife “executives” and “personnel” attended a March 2014 TelexFree event in Boston and helped sell him on the ill-fated […]

‘BidsThatGive’ Operator Listed As Oregon’s Biggest Tax Scofflaw

'BidsThatGive' Operator Listed As Oregon's Biggest Tax Scofflaw

UPDATED 12:41 P.M. ET U.S.A. Remember “BidsThatGive,” the bizarre auction “program” linked to MLM huckster Randall Jeffers that surfaced just prior to the spectacular collapse of Zeek Rewards in 2012 amid Ponzi-scheme allegations? Among other things, BidsThatGive was notable for reckless name-dropping and claiming it existed to feed children and prevent them from becoming sex slaves. […]

SPECIAL REPORT: Zeek Money May Be In Collapsed Russian Bank

SPECIAL REPORT: Zeek Money May Be In Collapsed Russian Bank

EDITOR’S NOTE: For background, see Feb. 17 PP Blog story: RECEIVER: Payza And Payment World ‘Facilitated’ Zeek Ponzi Scheme; Whereabouts Of $13.1 Million An ‘Open Question’ (Updated 11:14 a.m. ET U.S.A.) Money due victims of Zeek Rewards from transactions involving Payza and Payment World may have been transferred from VictoriaBank in Moldova to JSC TusarBank in […]

RECEIVER: Payza And Payment World ‘Facilitated’ Zeek Ponzi Scheme; Whereabouts Of $13.1 Million An ‘Open Question’

RECEIVER: Payza And Payment World 'Facilitated' Zeek Ponzi Scheme; Whereabouts Of $13.1 Million An 'Open Question'

Zeek Rewards’ receiver Kenneth D. Bell has gone to federal court in the Western District of North Carolina, alleging that the Payza and Payment World payment processors “facilitated” the epic cross-border Zeek Ponzi- and pyramid scheme. More than $13.1 million in funds from North Carolina-based Zeek that could be used to compensate victims ended up in […]

Payza/OboPay Investigation Continues

The office of U.S. Attorney Channing D. Phillips of the District of Columbia originally anticipated making an announcement about a criminal investigation involving the Payza and OboPay payment processors “shortly” after Jan. 22. On Feb. 10, however, prosecutors updated their Victim/Witness site to say they now do not expect to make an announcement until “shortly” […]

URGENT >> BULLETIN >> MOVING: Justice Antonin Scalia Dies In Texas

URGENT >> BULLETIN >> MOVING: Justice Antonin Scalia Dies In Texas

URGENT >> BULLETIN >> MOVING: Antonin Scalia, an associate justice of the nine-member U.S. Supreme Court, has died in Texas, according to multiple media reports. From Texas Gov. Greg Abbott: “Justice Antonin Scalia was a man of God, a patriot, and an unwavering defender of the written Constitution and the Rule of Law. He was the […]

TELEXFREE CLASS-ACTION: Judge Restrains Assets Of 2 Alleged Promoters, Including Scott Miller And ‘MyAdvertisingPays’ Pitchman Daniil Shoyfer

Let’s begin by pointing out that Daniil Shoyfer and Scott Miller have not been charged by the SEC in its 2014 TelexFree action. There are asset freezes aplenty in that government-brought case, including freezes against alleged promoters Sann Rodrigues, Faith Sloan, Randy Crosby and Santiago De La Rosa. The asset restraints imposed yesterday by U.S. […]

TelexFree’s Merrill Concerned About Internet ‘Spectacle’

TelexFree's Merrill Concerned About Internet 'Spectacle'

EDITOR’S NOTE: This is a follow-up to our Feb. 4 article that reported TelexFree figure James Merrill potentially could be forced to take the Fifth Amendment in front of a large audience at a music hall in Worcester, Mass., on Feb. 10. **____________________________** Forcing him to take the Fifth Amendment tomorrow at Mechanics Hall in […]

Trustee Wants TelexFree’s Merrill To Appear At Meeting Next Week, Setting Stage For Potential 5th Amendment Showdown In Front Of Large Crowd

Trustee Wants TelexFree's Merrill To Appear At Meeting Next Week, Setting Stage For Potential 5th Amendment Showdown In Front Of Large Crowd

BULLETIN: TelexFree Trustee Stephen B. Darr today asked Judge Melvin S. Hoffman for an order that would compel TelexFree executive James Merrill to appear at a meeting of creditors at 11 a.m. on Feb. 10 at Mechanics Hall in Worcester, Mass. Darr also wants Hoffman to designate Merrill as TelexFree’s corporate representative, setting the stage for him […]

Purported JAG Lawyer Linked To SVM Global Initiative Pleads Guilty To Unlicensed Practice Of Law And Offering A False Instrument For Filing

Purported JAG Lawyer Linked To SVM Global Initiative Pleads Guilty To Unlicensed Practice Of Law And Offering A False Instrument For Filing

UPDATED 6:29 P.M. ET U.S.A. Kenneth Goldstein, who became a curious sidebar in the bizarre story of the SVM Global Initiative “program” led by Sheila V. Tabarsi, has pleaded guilty to unlicensed practice of law and offering a false instrument for filing. The latter charge is a felony, according to the office of Bronx County District […]

BULLETIN: Zeek Receiver May Push For Contempt Against Payza

BULLETIN: Zeek Receiver May Push For Contempt Against Payza

BULLETIN: New court filings in the Zeek Rewards’ Ponzi- and pyramid-scheme case brought by the SEC in 2012 say Zeek receiver Kenneth D. Bell may ask a federal judge for a finding of contempt against Payza, a payment processor. The news comes as federal prosecutors continue a criminal investigation involving Payza and Obopay, another payment processor. Prosecutors […]