Archive for July 2016

SEC: Claims That Traffic Monsoon Was A Successful Advertising Business ‘Merely An Illusion’

SEC: Claims That Traffic Monsoon Was A Successful Advertising Business 'Merely An Illusion'

“The complaint alleges that more than 99% of Traffic Monsoon’s revenue is derived from new investor funds, making claims that it is a successful advertising business merely an illusion.” — U.S. Securities and Exchange Commission, July 28, 2016 EDITOR’S NOTE: This (below) is the full litigation statement of the SEC on its Ponzi case against […]

TRAFFIC MONSOON: Whack-A-Mole — For Sure

TRAFFIC MONSOON: Whack-A-Mole -- For Sure

News came early this morning that the SEC had moved against Traffic Monsoon, calling it a Ponzi scheme. Both the “program” and alleged operator Charles Scoville were charged civilly yesterday in Utah federal court with securities fraud and selling unregistered securities to unaccredited investors. Scoville also was the braintrust behind AdHitProfits, a Ponzi-board “program” in part […]

REPORT: SEC Moves Against ‘TrafficMonsoon,’ Calls It A Ponzi

REPORT: SEC Moves Against 'TrafficMonsoon,' Calls It A Ponzi

The SEC has filed a lawsuit against the Traffic Monsoon “program” and called it a Ponzi scheme that had gathered $207 million, the Salt Lake Tribune is reporting. The assets of Traffic Monsoon and alleged operator Charles Scoville have been frozen, the newspaper reports. On June 1, the PP Blog reported that Payza — a payment […]

EDITORIAL: With Conviction Of Zeek’s Burks, Another Senior MLMer Faces Prospect Of Decades In Prison

EDITORIAL: With Conviction Of Zeek's Burks, Another Senior MLMer Faces Prospect Of Decades In Prison

UPDATED 4:31 P.M. EDT U.S.A. Zeek Rewards was always inexcusably horrid, fueled by serial willful blindness and the sort of practiced disingenuousness that props up so many MLM “programs.” In dollar volume, Zeek ended up being more than seven times larger than the $119 million AdSurfDaily MLM Ponzi scheme that put ASD operator Andy Bowdoin in federal […]

‘Guaranteed50KIn30Days’ Was ‘Pyramid Promotion Scheme’: Nebraska Attorney General

'Guaranteed50KIn30Days' Was 'Pyramid Promotion Scheme': Nebraska Attorney General

“Guaranteed50KIn30Days” and associated programs were “pyramid promotion schemes” that depended on recruitment rather than product sales to “ultimate-user consumers,” investigators from the office of Nebraska Attorney General Doug Peterson said today. The PP Blog wrote about the schemes in July 2013 — in part because they were being pushed by affiliates who also pushed the Profitable […]

IMPORTANT: Statement From TelexFree Trustee On Sept. 26 Claims Deadline

IMPORTANT: Statement From TelexFree Trustee On Sept. 26 Claims Deadline

UPDATED 11:23 A.M. EDT U.S.A. DEC. 22, 2016: The claims deadline has been extended from Dec. 31, 2016 to March 15, 2017, at 4:30 p.m. Prevailing Eastern Time. This marks the second deadline extension. Claims must be filed at TelexFreeClaims.com. Our brief on the earlier deadline is below: **_________________** The claims information below was received July […]

REPORTS: TelexFree Figure Murdered In Brazil

REPORTS: TelexFree Figure Murdered In Brazil

3RD UPDATE 3:17 P.M. EDT U.S.A. Dorian da Silva Santos, described by Bloggers and in media accounts as a politician and promoter of TelexFree in Brazil, reportedly has been found murdered execution-style in the Brazilian state of Bahia. The news adds to a disturbing series of events that, since at least 2013, have become part of […]

Baton Rouge Cop-Killer Was ‘Sovereign Citizen’ And ‘Moor’ — And Also Claimed To Have Been In Dallas

Gavin Eugene Long, the alleged mass murderer of police officers in Baton Rouge yesterday, was a “sovereign citizen” and “MOOR,” according to a bizarre filing in his name last year with the recorder of deeds in Jackson County, Mo. The news of the filing appeared in the Kansas City Star. Here is a copy of […]

URGENT >> BULLETIN >> MOVING: Herbalife Must ‘Fundamentally Restructure Its Business,’ FTC Says In Settlement Announcement; Agency Brings Complaint In Federal Court That Alleges ‘Deceptive And Unlawful Acts And Practices’

URGENT >> BULLETIN >> MOVING: Herbalife Must 'Fundamentally Restructure Its Business,' FTC Says In Settlement Announcement; Agency Brings Complaint In Federal Court That Alleges 'Deceptive And Unlawful Acts And Practices'

URGENT >> BULLETIN >> MOVING:  (13th Update 3:45 p.m. EDT U.S.A.) The FTC is going to federal court in the Central District of California, alleging that Herbalife engaged in “deceptive and unlawful acts and practices.” Separately, the agency announced a settlement with the company that will have Herbalife pay $200 million and change the way […]

BURKS TRIAL: Government Has Rested, Docket Says

Prosecutors have rested their case against Paul Burks of Zeek Rewards, according to the July 13 court docket. Lawyers for Burks asked for an acquittal, but U.S. District Judge Max O. Cogburn Jr. denied the motion. It appears Burks now will proceed with his defense. The trial got under way July 5. Burks, 69, is […]

ZEEK: Key Figures — And Paul Burks’ Defense

ZEEK: Key Figures -- And Paul Burks' Defense

EDITOR’S NOTE: Prosecutors and Paul Burks are clashing over expert witnesses and the admissibility of certain evidence. The article below reproduces the anticipated core of Burks’ trial defense, as advanced by his lawyers. This article is not intended to be all-encompassing. Prosecutors, of course, have an altogether different take. They have posted the indictment against Burks […]