Writing And Branding

TelexFree’s Merrill Concerned About Internet ‘Spectacle’

TelexFree's Merrill Concerned About Internet 'Spectacle'

EDITOR’S NOTE: This is a follow-up to our Feb. 4 article that reported TelexFree figure James Merrill potentially could be forced to take the Fifth Amendment in front of a large audience at a music hall in Worcester, Mass., on Feb. 10. **____________________________** Forcing him to take the Fifth Amendment tomorrow at Mechanics Hall in […]

Purported JAG Lawyer Linked To SVM Global Initiative Pleads Guilty To Unlicensed Practice Of Law And Offering A False Instrument For Filing

Purported JAG Lawyer Linked To SVM Global Initiative Pleads Guilty To Unlicensed Practice Of Law And Offering A False Instrument For Filing

UPDATED 6:29 P.M. ET U.S.A. Kenneth Goldstein, who became a curious sidebar in the bizarre story of the SVM Global Initiative “program” led by Sheila V. Tabarsi, has pleaded guilty to unlicensed practice of law and offering a false instrument for filing. The latter charge is a felony, according to the office of Bronx County District […]

BULLETIN: Zeek Receiver May Push For Contempt Against Payza

BULLETIN: Zeek Receiver May Push For Contempt Against Payza

BULLETIN: New court filings in the Zeek Rewards’ Ponzi- and pyramid-scheme case brought by the SEC in 2012 say Zeek receiver Kenneth D. Bell may ask a federal judge for a finding of contempt against Payza, a payment processor. The news comes as federal prosecutors continue a criminal investigation involving Payza and Obopay, another payment processor. Prosecutors […]

EAdGear Case: Judge Orders More Than $26 Million In Disgorgement And Penalties

EAdGear Case: Judge Orders More Than $26 Million In Disgorgement And Penalties

Another pyramid scheme has proven costly for its operators. Here, according to the SEC, is the rundown from the EAdGear case brought in 2014. eAdGear Holdings Limited and eAdGear Inc. have been ordered to disgorge $21 million in ill-gotten gains, pay prejudgment interest of $640,000 and pay a civil penalty in the amount of $1,000,000. […]

BULLETIN: MyAdvertisingPays (MAPS) Again Referenced In TelexFree Litigation; Lawyer Calls It A Ponzi Scheme While Calling Simon Stepsys A ‘Ponzi Mogul’

BULLETIN: MyAdvertisingPays (MAPS) Again Referenced In TelexFree Litigation; Lawyer Calls It A Ponzi Scheme While Calling Simon Stepsys A 'Ponzi Mogul'

BULLETIN: (6th update 7:23 p.m. ET U.S.A.) Class-action lawyers pursuing claims against TelexFree promoters have called the My Advertising Pays (MAPS) “program” a Ponzi scheme and described MAPS promoter Simon Stepsys as a “Ponzi mogul.” The case itself is not against MAPs. Even so, the lawyers now have made repeated references to MAPs and are lambasting the serial […]

UPDATE: Sann Rodrigues Wants To Avoid ‘Con Air’ Flight

UPDATE: Sann Rodrigues Wants To Avoid 'Con Air' Flight

Through defense counsel, TelexFree figure Sann Rodrigues said in court filings today that he wanted to avoid a flight on “Con Air” from Florida to Massachusetts to face a contempt proceeding in federal court there. “Con Air” is a nickname for the Justice Prisoner & Alien Transportation System (JPATS) operated by the U.S. Marshals Service. It’s […]

‘Phone Card’ Ponzi Schemer Caught With Pipe Bombs, IEDs And Thousands Of Rounds Of Ammunition Sentenced To Prison

'Phone Card' Ponzi Schemer Caught With Pipe Bombs, IEDs And Thousands Of Rounds Of Ammunition Sentenced To Prison

Istvan Merchenthaler, the “PhoneCard USA” Ponzi schemer who fabricated ties to Walmart and later was caught with pipe bombs, improvised explosive devices, a machine pistol and 16 other firearms spread across three states, has been sentenced to 140 months in federal prison. U.S. District Judge Robert F. Kelly of the Eastern District of Pennsylvania also ordered Merchenthaler to […]

Is Profitable Sunrise Pyramid Case At Risk? SEC Declines Comment

Is Profitable Sunrise Pyramid Case At Risk? SEC Declines Comment

The SEC this afternoon declined comment on an order by a federal judge in Atlanta that could lead to the dismissal of the agency’s 2013 case against Profitable Sunrise, an alleged international pyramid scheme and offering fraud targeted at U.S. residents by one or more murky figures. Such a dismissal almost certainly would embolden overseas HYIP scammers […]

Zeek Figure Darryle Douglas ‘Subject Of Ongoing Investigation’ By U.S. Marshals Service

Zeek Figure Darryle Douglas 'Subject Of Ongoing Investigation' By U.S. Marshals Service

Darryle Douglas, the alleged Zeek Rewards’ insider whose arrest was ordered last month, is still wanted by the U.S. Marshals Service. “He is the subject of an ongoing investigation,” a spokesman for the Marshals Service in the Western District of North Carolina told the PP Blog moments ago. “We’re trying to locate him.” The spokesman declined to […]

Bellevue, Neb: Purported ‘Sovereign Citizen’ Shows Up At Police Headquarters With Sword, Later Gets Tasered

Bellevue, Neb: Purported 'Sovereign Citizen' Shows Up At Police Headquarters With Sword, Later Gets Tasered

James Casale, 36, a purported “sovereign citizen,” allegedly showed up on New Year’s Eve wearing a “Guy Fawkes” mask and carrying a sword at police headquarters in Bellevue, Neb. Bellevue police posted a photo of the encounter on Facebook. Casale wasn’t arrested at headquarters, police said. Rather, he was arrested later at the home of […]

BULLETIN: Terrorist-Inspired Attack In Rochester, N.Y., Thwarted, FBI Says

BULLETIN: Terrorist-Inspired Attack In Rochester, N.Y., Thwarted, FBI Says

BULLETIN: (2nd Update 1:58 p.m. ET U.S.A.) The FBI has arrested a man from Rochester, N.Y., saying he planned to show his support for ISIS by carrying out a machete attack today at a bar/restaurant in the Rochester area. ISIS is a terrorist group also known as ISIL. Today is New Year’s Eve. Bars and restaurants will be packed, a […]