Alleged Ponzi Schemes

Zeek Receiver To Make Third Distribution To Ponzi Victims, Says A Fourth Is Possible

In an announcement dated Jan. 12, 2017, Zeek receiver Kenneth D. Bell said he’ll make a third distribution to Ponzi victims and that a fourth is possible. After the third distribution,  victims will have received about 75 percent of their losses, Bell said. The third distribution is set for March 15. Let us note here that […]

Zeek Figures Wright-Olivares, Olivares Listed As Federal Prisoners

Zeek Figures Wright-Olivares, Olivares Listed As Federal Prisoners

The landing spots for two key Zeek Rewards figures now are known. Former Zeek COO Dawn Wright-Olivares is listed as inmate 29336-058 at FMC Carswell in Fort Worth, Texas. The facility is a Federal Medical Center for female offenders and has an adjacent minimum security satellite camp, according to the Federal Bureau of Prisons website. […]

BULLETIN: Feds Make Another TelexFree Arrest, Find $20 Million Hidden In Box Spring

BULLETIN: Feds Make Another TelexFree Arrest, Find $20 Million Hidden In Box Spring

BULLETIN: Federal authorities have arrested a man and have found $20 million allegedly linked to TelexFree in a box spring in an apartment in Westborough, Mass. Agents have seized the cash and charged Cleber Rene Rizerio Rocha, 28, with conspiring to commit money-laundering. Rocha may be a Brazilian national with ties to a nephew of TelexFree […]

URGENT >> BULLETIN >> MOVING: Judge Begins Process Of Ordering Judgments Against Zeek Net Winners; Millions Awarded So Far, Millions More Pending

URGENT >> BULLETIN >> MOVING: Judge Begins Process Of Ordering Judgments Against Zeek Net Winners; Millions Awarded So Far, Millions More Pending

URGENT >> BULLETIN >> MOVING: At long last, there is a spectacular crack in the ceiling of MLM HYIP Ponzi Land! Senior U.S. District Judge Graham C. Mullen of the Western District of North Carolina has begun the process of ordering judgments against Zeek Rewards’ winners sued by receiver Kenneth D. Bell, according to the docket of […]

BehindMLM.com Expects Accessibility Issue To Be Resolved Dec. 10

BehindMLM.com Expects Accessibility Issue To Be Resolved Dec. 10

We’ve received inquiries about why some readers have not been able to access BehindMLM.com. Oz, the editor there, has reported on the site that the ETA for a fix is Dec. 10. Hosting issues began several days ago. Although not all readers have been able to access the site, Oz has posted some updates on […]

TelexFree Trustee Hopes Merrill’s Guilty Plea And Sentencing Will Spark More Claims; Darr Asks Judge To Extend Filing Deadline Until March

TelexFree Trustee Hopes Merrill's Guilty Plea And Sentencing Will Spark More Claims; Darr Asks Judge To Extend Filing Deadline Until March

UPDATED DEC. 22, 2016: The court has extended the claims deadline until March 15, 2017. Earlier story below . . . ** _____________** With the Dec. 31 filing deadline for TelexFree claims fast approaching, court-appointed Trustee Stephen B. Darr has asked the court to extend the deadline until March 15, 2017. Chief Bankruptcy Judge Melvin […]

Bogus Magazine Cover Depicts Alleged Ponzi Schemer Charles Scoville Of Traffic Monsoon As 2016’s Best CEO

Bogus Magazine Cover Depicts Alleged Ponzi Schemer Charles Scoville Of Traffic Monsoon As 2016's Best CEO

DISCLOSURE: The PP Blog is a Google publisher. A bogus cover of Forbes magazine circulating on Facebook depicts SEC Ponzi defendant Charles Scoville of Traffic Monsoon as the “BEST” CEO of 2016 — all while misspelling his last name. The image, which falsely showcases the Forbes’ issue as a “LIMITED EDITION,” appears today on the […]

In Immigration Fraud Case, TelexFree Figure Sann Rodrigues Sentenced To Time Served And 2 Years’ Supervised Release

In Immigration Fraud Case, TelexFree Figure Sann Rodrigues Sentenced To Time Served And 2 Years' Supervised Release

UPDATED 1:56 P.M. ET U.S.A. TelexFree figure Sann Rodrigues could have been sentenced to 10 years for immigration fraud. Instead, he was sentenced yesterday to time served. The office of U.S. Attorney Carmen Ortiz of the District of Massachusetts said early this afternoon that Rodrigues ended up spending 57 days behind bars after his May […]

Merrill’s U.S. Plea Requires Him To Cooperate With Brazilian Federal Police

Merrill's U.S. Plea Requires Him To Cooperate With Brazilian Federal Police

If Brazil’s Federal Police wish to ask him about TelexFree’s involvement in wire fraud and an underlying conspiracy, James Merrill is required to provide a “complete and truthful proffer,” according to the terms of his plea agreement with U.S. prosecutors in Massachusetts. Merrill, 55, of Ashland, Mass., also is required to cooperate with U.S. agencies that […]

James Merrill, TelexFree’s President, Pleads Guilty

James Merrill, TelexFree's President, Pleads Guilty

3RD UPDATE 2:56 P.M. EDT OCT 25 U.S.A. James Merrill, the president of TelexFree, has pleaded guilty to eight counts of wire fraud and one count of conspiracy in Massachusetts federal court. Merrill, 55, of Ashland, Mass., is scheduled to be sentenced in February. “The significance of a guilty plea in a case of this magnitude cannot […]

URGENT >> BULLETIN >> MOVING: TelexFree’s James Merrill To Plead Guilty, Reports Say

URGENT >> BULLETIN >> MOVING: TelexFree's James Merrill To Plead Guilty, Reports Say

9TH UPDATE 2:08 P.M. EDT U.S.A. U.S. District Judge Timothy S. Hillman’s calendar shows a plea hearing for TelexFree operator James Merrill at 2:30 p.m. Monday at the federal courthouse in Worcester, Mass. The Boston Globe, citing the “U.S. Attorney,” is reporting Merrill will plead guilty “to fraud and other charges.”  The Telegram & Gazette also is reporting […]