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BULLETIN: Receiver Sues Zeek ‘Winners’ In Canada

BULLETIN: Receiver Sues Zeek 'Winners' In Canada

BULLETIN: New court filings today in the Western District of North Carolina show that the court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case has sued 26 alleged “net winners” in Canada. Each of the defendants allegedly received at least $50,000, according to filings by receiver Kenneth D. Bell. More . . .

SEC Official Speaks On TelexFree Case At ‘Fraud Affects Every Community’ Event At FTC, Announces ‘Pyramid-Scheme Task Force’ And Tells Audience That ‘Program’ Consumed Entire $50,000 Retirement Account Of Trusting Mom

SEC Official Speaks On TelexFree Case At 'Fraud Affects Every Community' Event At FTC, Announces 'Pyramid-Scheme Task Force' And Tells Audience That 'Program' Consumed Entire $50,000 Retirement Account Of Trusting Mom

“We know of at least one victim who borrowed, I think, $50,000 from his mother and gave it all to [TelexFree]. And it was her entire retirement.” — Melissa Armstrong, assistant chief litigation counsel, U.S. Securities and Exchange Commission, Oct. 29, 2014 UPDATED 12:19 P.M. EDT OCT. 30 U.S.A. Affinity fraud was one of the […]

NASAA: Watch Out For Ebola-Related Scams, Especially On The Internet

NASAA: Watch Out For Ebola-Related Scams, Especially On The Internet

The North American Securities Administrators Association (NASAA) today warned the investing public to watch out for Ebola-related scams. “Past experience tells us that periods of uncertainty or fear are prime time for con artist looking to make a quick score,” said William Beatty, NASAA president and Washington Securities director. “Investors should approach with caution any […]

Nevada Isssues Warning On Wings Network MLM ‘Program'; Says It Is Being Sold ‘Door-To-Door’ And Is Targeting Spanish And Portuguese

Nevada Isssues Warning On Wings Network MLM 'Program'; Says It Is Being Sold 'Door-To-Door' And Is Targeting Spanish And Portuguese

As the PP Blog reported on May 15, Massachusetts Commonwealth Secretary William Galvin sued the Wings Network MLM “program” and some of its promoters, alleging securities violations and a “thinly veiled pyramid scheme” targeting minority communities. Now, Nevada Secretary of State Ross Miller has published a warning on Wings Network, saying the online “program” even […]

TelexFree Probe Continues; ‘Substantial Amount’ Of YouTube Video Content Sought In Search Warrant Served Oct. 16

TelexFree Probe Continues; 'Substantial Amount' Of YouTube Video Content Sought In Search Warrant Served Oct. 16

The TelexFree probe continues in the United States, with prosecutors revealing today that federal agents served a search warrant on Google on Oct. 16 that sought a “substantial amount” of content on YouTube. Precisely what content prosecutors are seeking was not immediately clear. Google told agents that “compliance will take several weeks,” according to the […]

DHS Ramps Up Security At Federal Buildings In Wake Of Attacks In Canada And New York

DHS Ramps Up Security At Federal Buildings In Wake Of Attacks In Canada And New York

In the aftermath of last week’s attacks on Canadian soldiers, the Canadian Parliament and New York City police officers, Secretary Jeh Johnson of the U.S. Department of Homeland Security issued this statement today (italics added): Today I am announcing that I have directed the Federal Protective Service to enhance its presence and security at various […]

REPORTS: Chinese Man Arrested In Thailand Faces Charges He Swindled $277 Million In Cross-Border Pyramid Scheme

Reports in Thai media say Song Migui, a Chinese man and purported philanthropist, was arrested in Bangkok and will be transported to Phuket to answer charges he and others swindled 9 billion baht and allegedly operated a cross-border fraud empire. The sum is the equivalent of about $277 million. PhuketWan, which says its is a […]

Tweets Claim SEC Inquiring About ‘Hundreds’ Of Bitcoin-Themed Companies

4th UPDATE 8:09 A.M. EDT OCT. 30 U.S.A. In the past several hours, Tweets sourced to Bitcoin-themed publications such as CoinFire, CryptoCoinsNews and CoinTelegrah claim the SEC has opened preliminary inquiries into hundreds of Bitcoin-themed enterprises. On the CoinTelegraph website, the publication asserts there is a “gag order attached to these requests for voluntary cooperation.” […]

URGENT >> BULLETIN >> MOVING: Zeek’s Paul Burks Indicted

URGENT >> BULLETIN >> MOVING: Zeek's Paul Burks Indicted

URGENT >> BULLETIN >> MOVING: (3rd update 9:15 p.m. EDT U.S.A.) Alleged Zeek Rewards operator Paul R. Burks has been indicted by a federal grand jury in Charlotte, N.C., on charges of wire and mail fraud, wire- and mail-fraud conspiracy and tax-fraud conspiracy. Burks, 67, of Lexington, N.C., is the third Zeek figure to be […]

BULLETIN: More TelexFree-Related Raids In Brazil

BULLETIN: More TelexFree-Related Raids In Brazil

BULLETIN: In a follow-up to July’s “Operation Orion,” federal authorities in Brazil today conducted more TelexFree-related raids based on evidence uncovered during the first raids. A statement in Portuguese by Receita Federal — the Brazilian equivalent of the IRS — said it was aided by Brazilan federal police (Polícia Federal) and federal prosecutors (Ministério Público […]

Now, A Hatchet Attack On New York City Police Officers

Now, A Hatchet Attack On New York City Police Officers

Four uniformed New York City police officers were ambushed yesterday afternoon by a murderous man wielding an 18.5-in. hatchet. The sneak attack occurred a day after the sneak attack on Canada’s Parliament in which a duteous sentry standing watch over the Tomb of the Unknown Soldier at the War Memorial in Ottawa was shot and […]