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March PP Blog Subscription Post

NOTE: This post originally was published March 4 at 1:07 p.m. It will remain in this slot for several days. New posts will appear below it. Dear Readers, As was the case with our 2,500th-post commemoration in November, there are four subscription options. In the spirit of that post and the 6th anniversary post in […]

New York Times Story — ‘Birdman[:] The Pigeon King And The Ponzi Scheme That Shook Canada’ — Shatters Myths

New York Times Story -- 'Birdman[:] The Pigeon King And The Ponzi Scheme That Shook Canada' -- Shatters Myths

“Birdman[:] The Pigeon King and the Ponzi Scheme That Shook Canada” appears online today at the website of the New York Times Magazine. The story by Jon Mooallem examines the strange case of Arlan Galbraith, the narratives surrounding his “Pigeon King” scheme, Galbraith’s efforts to serve as his own attorney, how a veteran prosecutor new […]

Will Joel Wilson’s Racketeering Conviction In Michigan Ponzi-Scheme Case Send A Message To Apologists For Achieve Community? Saleswoman Also Convicted

Will Joel Wilson's Racketeering Conviction In Michigan Ponzi-Scheme Case Send A Message To Apologists For Achieve Community? Saleswoman Also Convicted

There is no good state in which to run a Ponzi scheme, but Michigan and Colorado — the states in which “Achieve Community” operated — are two of the worst. This is because both states have racketeering statutes that have been used in Ponzi-scheme cases. The case of Joel Wilson, convicted yesterday in Michigan on […]

BULLETIN: Zeek Receiver Sues Alleged ‘Winners’ In United Kingdom

BULLETIN: Zeek Receiver Sues Alleged 'Winners' In United Kingdom

BULLETIN: (3rd update 7 p.m. ET March 6 U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid case has sued “alleged winners” with addresses in the United Kingdom. Receiver Kenneth D. Bell identified the defendants as: Shaun Smith, Bridgnorth, $262,900.31; Peter William Bennett, Wokingham, $257,573.30; Mark Anthony Ferrie, Abergavenny, $212,072.60; Gary Bryan Morris, […]

‘Achieve Community’ Figure Rodney Blackburn Now Touting ‘Tea'; Panel From Video Says It ‘Mitigates HIV’ And ‘Prevents Colds And Flu’

'Achieve Community' Figure Rodney Blackburn Now Touting 'Tea'; Panel From Video Says It 'Mitigates HIV' And 'Prevents Colds And Flu'

UPDATED 3:08 P.M. ET U.S.A. Fresh from the alleged “Achieve Community” pyramid- and Ponzi scheme, the apparent collapse of “Trinity Lines” and potential debacles involving “BRING THE BACON HOME,” “Unison Wealth” and others, Rodney Blackburn now is promoting a “tea” purported to mitigate HIV. HIV is the virus that causes AIDS. The tea, called “laso,” […]

WCM777: More Theft And Money Laundering MLM-Style

WCM777: More Theft And Money Laundering MLM-Style

“Many investors gave cash to the company and to their leaders (or upline sponsors) who then deposited the cash along with other investor funds.” — Krista L. Freitag, court-appointed receiver in the WCM777 pyramid- and Ponzi case, Feb. 27, 2015 EDITOR’S NOTE: Tens of millions of dollars allegedly flowed through WCM777 and related entities. At […]

Lawyer For T. LeMont Silver, Wife, Shell Company Wants Out Of Zeek Clawback Case

Lawyer For T. LeMont Silver, Wife, Shell Company Wants Out Of Zeek Clawback Case

UPDATED 10:24 P.M. ET U.S.A. Zeek Rewards “winner” T. LeMont Silver, his wife Karen and a Silver shell company known as Global Internet Formula Inc. allegedly hauled more than $2.3 million out of the shuttered MLM “program.” Receiver Kenneth D. Bell sued them in February 2014, alleging their gains had come from victims of the […]

EDITORIAL: Creeping Up On MLM Perdition

EDITORIAL: Creeping Up On MLM Perdition

EDITOR’S NOTE: The MLM “program” known as Wings Network is alleged to have operated through two business entities that used the name “Tropikgadget.” The SEC’s case, announced Friday, is filed in U.S. District Court for the District of Massachusetts. That’s the same venue in which the agency’s epic TelexFree case was filed last year. There […]

URGENT >> BULLETIN >> MOVING: SEC Calls ‘Wings Network’ A ‘Ponzi And Pyramid Scheme'; Firms, Executives And A Dozen Promoters Charged

URGENT >> BULLETIN >> MOVING: SEC Calls 'Wings Network' A 'Ponzi And Pyramid Scheme'; Firms, Executives And A Dozen Promoters Charged

URGENT >> BULLETIN >> MOVING: (14th update 3:19 p.m. ET U.S.A.) The U.S. Securities and Exchange Commission has gone to federal court in Massachusetts, alleging the “Wings Network” MLM “program” is a Ponzi and pyramid scheme that gathered at least $23.5 million. Wings Network purported to offer “digital and mobile solutions to customers, including apps […]

Woman Listed As ‘Winner’ In Zeek Rewards Scheme Asks Court For Help In Getting Back ‘Achieve Community’ Money, Raises Questions Over 1099 Form

Woman Listed As 'Winner' In Zeek Rewards Scheme Asks Court For Help In Getting Back 'Achieve Community' Money, Raises Questions Over 1099 Form

EDITOR’S NOTE: This story was updated at 6:35 a.m. on Feb. 27. **______________________** It happened in the Zeek Rewards pyramid- and Ponzi case in 2012 — and now it has happened in the “Achieve Community” case filed earlier this month. A woman has contacted the court presiding over the Achieve case to solicit help in […]

BULLETIN: ‘MooreFund,’ A Ponzi-Board HYIP ‘Program’ Pushed By Achieve Community Huckster, Is Using Unauthorized Security Seal From Norton

BULLETIN: 'MooreFund,' A Ponzi-Board HYIP 'Program' Pushed By Achieve Community Huckster, Is Using Unauthorized Security Seal From Norton

BULLETIN:  (Updated 8:17 a.m. ET Feb. 25 U.S.A.) An HYIP “program” that operates at MooreFund.com is using a “Norton Secured” seal that is not authorized, Symantec told the PP Blog late this afternoon. Symantec, owner of the famous Norton brand, is a software and computer-security company. Its name is misspelled as “Symentec” on the FAQ […]