Ad Surf Daily

Zeek Receiver Seeks Nearly $2.1 Million From Alleged Winner And Former AdSurfDaily Ponzi Pitchman Todd Disner; Records Show Zeek Paid Him More Than $7,000 On Same Day He Sued United States For Alleged Misdeeds In ASD Case

Zeek Receiver Seeks Nearly $2.1 Million From Alleged Winner And Former AdSurfDaily Ponzi Pitchman Todd Disner; Records Show Zeek Paid Him More Than $7,000 On Same Day He Sued United States For Alleged Misdeeds In ASD Case

Zeek Rewards “winner” Todd Disner owes the receivership estate $2,079,757.88, according to a motion asking the court clerk to enter a default judgment. Receiver Kenneth D. Bell filed for the judgment July 9 in federal court for the Western District of North Carolina, seeking not only Disner’s alleged Zeek haul of $1,800,037.06, but also interest […]

BULLETIN: Zeek Receiver Moves For Default Against AdSurfDaily Figure Todd Disner

BULLETIN: Zeek Receiver Moves For Default Against AdSurfDaily Figure Todd Disner

BULLETIN: (UPDATED 9:55 A.M. EDT, JULY 3, U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid case has moved for default against alleged Zeek winner Todd Disner. Disner, of Miami, also was a pitchman for the 2008 AdSurfDaily Ponzi scheme, a $119 million fraud that put ASD operator Andy Bowdoin in federal prison. […]

EDITORIAL: On The War In Zeekland And HYIP Rabbit Holes

EDITORIAL: On The War In Zeekland And HYIP Rabbit Holes

EDITOR’S NOTE: On Feb. 5, 2014, Zeek figures and alleged insiders Dawn Wright-Olivares and Daniel Olivares pleaded guilty to federal crimes. Wright-Olivares pleaded guilty to investment-fraud conspiracy and tax-fraud conspiracy. Olivares pleaded guilty to investment-fraud conspiracy. Federal prosecutors in the Western District of North Carolina are maintaining an information site here. Kenneth D. Bell, the […]

MLM Attorney Gerald Nehra Now Lawyered Up In TelexFree Bankruptcy Case

MLM Attorney Gerald Nehra Now Lawyered Up In TelexFree Bankruptcy Case

MLM attorney Gerald Nehra, his law partner Richard Waak and their law firm are now lawyered up in the TelexFree bankruptcy case. Groups of TelexFree members have sued them in bankruptcy court, alleging violations of the federal racketeering (RICO) statute and violations of federal securities laws. TelexFree filed for Chapter 11 bankruptcy protection on a […]

Realty Firm Linked To Carlos And Katia Wanzeler Also Linked To Former TelexFree CFO Joe Craft

(2nd Update 2:12 P.M. EDT U.S.A.) Acceris Realty Estate LLC, a Massachusetts company that listed Katia Wanzeler as its registered agent, was formed by Joe H. Craft in February 2013, according to corporation records in Massachusetts. Craft, accused by the SEC last month of securities fraud at TelexFree, is TelexFree’s former CFO. The appearance of […]

HYIP RIPPLES: FBI Issues ‘Wanted’ Poster For Florida Attorney Implicated In ‘Commodities Online’ Caper; Michael Ralph Casey Called ‘Armed And Dangerous’

HYIP RIPPLES: FBI Issues 'Wanted' Poster For Florida Attorney Implicated In 'Commodities Online' Caper; Michael Ralph Casey Called 'Armed And Dangerous'

A Florida attorney the SEC has described as “anything but lawyerly” is now the subject of an FBI “Wanted” poster and is considered “armed and dangerous.” The FBI issued the poster after Michael Ralph Casey “failed to appear for a court hearing and a bench warrant was issued for his arrest by the United States […]

CENTRAL THOUGHTS: The Wisdom Of ‘The Boxer’

CENTRAL THOUGHTS: The Wisdom Of 'The Boxer'

“Still, a man hears what he wants to hear/And disregards the rest” — “The Boxer,” Simon & Garfunkel, from “Bridge over Troubled Water,” Columbia Records, 1969. “After changes upon changes/We are more or less the same/After changes we are more or less the same” — The “missing verse” from “The Boxer,” Simon & Garfunkel. (Paul […]

TelexFree Members Blame MLM Debacle On ‘Media Disinformation’; Judge Presiding Over SEC Case Receives Doodles

TelexFree Members Blame MLM Debacle On 'Media Disinformation'; Judge Presiding Over SEC Case Receives Doodles

(UPDATED 9:24 am EDT MAY 14 U.S.A.) The PP Blog previously has reported on campaigns by members to petition judges to “bail out” TelexFree and consider the purported upside of the “program,” which may be the largest combined Ponzi- and pyramid scheme in MLM HYIP history. (Campaigns referenced in this May 10, 2014, PP Blog […]

EDITORIAL: TelexFree’s La-La Land Leaves Trail Of Missed Signals, Willful Blindness And MLM Arson

EDITORIAL: TelexFree's La-La Land Leaves Trail Of Missed Signals, Willful Blindness And MLM Arson

In case you missed the big news yesterday, TelexFree figures James Merrill and Carlos Wanzeler were charged criminally. Unofficially this brings the number of charged MLM HYIP “programs” (or clients) with links to MLM attorney Gerald Nehra to three in recent years. Nehra was an “expert witness” for AdSurfDaily in 2008. He testified that ASD, […]

ZEEK RECEIVER: ‘Multilayered Investigation Into [Rex Venture Group] And Its Insiders, Advisors, And Financial Institutions’ Continues

ZEEK RECEIVER: 'Multilayered Investigation Into [Rex Venture Group] And Its Insiders, Advisors, And Financial Institutions' Continues

The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid case says his “multitilayered investigation into [Zeek operator Rex Venture Group] and its insiders, advisors, and financial institutions” continues. Receiver Kenneth D. Bell has been at the helm since the epic collapse of the Zeek MLM HYIP scheme in August 2012. The SEC initially filed […]

SEC: TelexFree’s Sann Rodrigues On YouTube: God Started MLM And Made ‘Binary’; ‘I Am Never Going To Stop This’

SEC: TelexFree's Sann Rodrigues On YouTube: God Started MLM And Made 'Binary'; 'I Am Never Going To Stop This'

(UPDATED 8:21 P.M. EDT U.S.A.) The U.S. Securities and Exchange Commission says in new court filings that accused TelexFree promoter and securities fraudster Sann Rodrigues appeared in an April 16 YouTube video and asserted that “God” made MLM and “binary” and that Rodrigues claims he’s “never going to stop this.” Rodrigues is now a two-time […]