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Proposed Class Action Alleges Traffic Monsoon’s Scoville Told PayPal He Was In ‘Investments’ Business

Proposed Class Action Alleges Traffic Monsoon's Scoville Told PayPal He Was In 'Investments' Business

In the aftermath of the SEC’s securities-fraud action against him last year and a judicial ruling this year that he was opertaing a Ponzi scheme, Traffic Monsoon’s Charles Scoville has blanketed social media with claims he was not offering investments. But Scoville told PayPal that “Traffic Monsoon’s business was “Investments – general” when he opened […]

Zeek’s Paul Burks Now In Federal Custody

Zeek's Paul Burks Now In Federal Custody

Paul Burks, the 70-year-old operator of the Zeek Rewards Ponzi scheme, now is listed as prisoner No. 29723-058 at FMC Lexington. The facility is an administrative security federal medical center with an adjacent minimum security satellite camp in Lexington, Ky. After being sentenced in February to more than 14 years, Burks was ordered to report to […]

Troy Barnes, ‘Achieve Community’ Ponzi Schemer, Sentenced To 33 Months

Troy Barnes, 'Achieve Community' Ponzi Schemer, Sentenced To 33 Months

Troy A. Barnes ran “The Achieve Community” (TAC) scam along with Kristine L. “Kristi” Johnson. Barnes, 53, of Riverview Mich., now has been sentenced to 33 months in federal prison, the office of U.S. Attorney Jill Westmoreland Rose announced. Johnson, of Colorado, earlier was sentenced to 21 months. Achieve was a Ponzi-board program that used a […]

In Atmosphere Of Murkiness, Are Violations Of The Traffic Monsoon Asset Freeze Taking Place?

In Atmosphere Of Murkiness, Are Violations Of The Traffic Monsoon Asset Freeze Taking Place?

EDITOR’S NOTE: Traffic Monsoon is a Utah company. The firm also has purported business operations in the United Kingdom and Dubai. Details about the offshore operations are murky. A claim from an apparent Traffic Monsoon affiliate appeared Monday (April 3) on Facebook that “Allied Wallet is making refunds of [Traffic Monsoon]  purchases made by credit […]

‘Traffic Hurricane’ Members Beware: Preliminary Injunction Prohibits Traffic Monsoon, Scoville From Benefiting From ‘AdPack’ Businesses

'Traffic Hurricane' Members Beware: Preliminary Injunction Prohibits Traffic Monsoon, Scoville From Benefiting From 'AdPack' Businesses

2ND UPDATE 6:58 P.M. EDT U.S.A. Here’s a news flash for individuals who joined a “program” called Traffic Hurricane with the belief they somehow were helping the defense of Charles Scoville and Traffic Monsoon: Both Scoville and Traffic Monsoon  are “prohibited from soliciting, accepting, or depositing any monies obtained from actual or prospective investors, individuals, customers, companies, […]

URGENT >> BULLETIN >> MOVING: Judge Maintains Traffic Monsoon Receivership And Asset Freeze, Grants SEC’s Request For Preliminary Injunction

URGENT >> BULLETIN >> MOVING: Judge Maintains Traffic Monsoon Receivership And Asset Freeze, Grants SEC's Request For Preliminary Injunction

URGENT >> BULLETIN >> MOVING: A federal judge in Utah has denied the request of Charles Scoville and Traffic Monsoon to set aside the Traffic Monsoon receivership and has granted the SEC’s motion for a preliminary injunction that continues an asset freeze ordered in July 2016. “The evidence clearly points to the fact that Traffic Monsoon’s […]

SEC Charges Zeek Figure Keith Laggos With Publishing Fake News To Sanitize Ponzi/Pyramid Scheme

SEC Charges Zeek Figure Keith Laggos With Publishing Fake News To Sanitize Ponzi/Pyramid Scheme

Keith Laggos, an AdSurfDaily Ponzi scheme figure and the onetime publisher of Network Marketing Business Journal, has been charged by the SEC with securities fraud for illegally touting the Zeek Rewards scheme and using NMBJ to sanitize the egregious fraud that gathered hundreds of millions of dollars. Among the agency’s allegations is that “Laggos’s favorable […]

BULLETIN: James Merrill of TelexFree Sentenced To 6 Years In Federal Prison

BULLETIN: James Merrill of TelexFree Sentenced To 6 Years In Federal Prison

BULLETIN: (8TH UPDATE 3:57 P.M. EDT U.S.A.) James Merrill, the former president of the TelexFree Ponzi- and pyramid scheme, has been sentenced to six years in federal prison. U.S. District Judge Timothy S. Hillman ordered the sentence, which was four years less than what prosecutors in the office of Acting U.S. Attorney William D. Weinreb of the […]

Famed Prosecutor Who Tied HYIP Scheme To Terrorist Financier Fired By Trump Administration

Famed Prosecutor Who Tied HYIP Scheme To Terrorist Financier Fired By Trump Administration

EDITORIAL: Ponzi schemers, Wall Street fraudsters and corrupt politicians must be taking comfort in the reported abrupt firing by the Trump administration of Preet Bharara, the U.S. Attorney for the Southern District of New York. There is no question that President Trump had the power to ask Bharara and dozens of other U.S. Attorneys who […]

SEC: ViziNova ‘Program’ Was Pyramid Scheme And WCM777 Reload Scam Aimed At Asian-Americans And Hispanic-Americans

SEC: ViziNova 'Program' Was Pyramid Scheme And WCM777 Reload Scam Aimed At Asian-Americans And Hispanic-Americans

A “program” known as ViziNova was both a cross-border pyramid scheme and a reload scam aimed at victims of the WCM777 online debacle, the SEC says. VizaNova, which gathered at least $5 million, invaded the Asian-American and Hispanic-American communities and was partly focused at Brazilians, the SEC said. A PP Blog report in June 2014 […]

BULLETIN: New TelexFree Money-Laundering Allegations In Brazil Ensnare Wives, Relatives Of Wanzeler And Costa

BULLETIN: New TelexFree Money-Laundering Allegations In Brazil Ensnare Wives, Relatives Of Wanzeler And Costa

Fifteen TelexFree figures have been linked to a money-laundering scheme in Brazil, according to the Federal Public Ministry of Espírito Santo (MPF/ES). Among those linked were TelexFree principals Carlos Wanzeler and Carlos Costa and their wives, MPF/ES said today. Katia Wanzeler, Wanzeler’s wife, is believed still to be residing in the United States. U.S. prosecutors […]