BCSC

PP Blog Tag archives on references to "BCSC."

What MLMers/Network Marketers Can Learn From BCSC’s ‘Bossteam’ Case And Similar Cases — Including The SEC’s DFRF Enterprises Action

What MLMers/Network Marketers Can Learn From BCSC's 'Bossteam' Case And Similar Cases -- Including The SEC's DFRF Enterprises Action

Let’s say you’re an MLMer or network marketer. Your email inbox begins to fill up with offers for a scheme that purports to be an “advertising program” favored by famous brands. Spammers are trying to blast their way into your social-media accounts. The messages: You’re going to be rich in no time. Beyond that, you’re […]

British Columbia Securities Commission Issues Investor Alert On DFRF Enterprises Or Other ‘Companies Associated With Daniel Fernandez Rojo Filho’

British Columbia Securities Commission Issues Investor Alert On DFRF Enterprises Or Other 'Companies Associated With Daniel Fernandez Rojo Filho'

URGENT >> BULLETIN >> MOVING: (Updated 6:30 p.m. EDT U.S.A.) The British Columbia Securities Commission has issued an Investor Alert on “DFRF Enterprises LLC, DFRF Enterprises Ltd., or other companies associated with Daniel Fernandez Rojo Filho.” This appears to be the first such warning about DFRF in North America. The claims associated with Rojo Filho […]

British Columbia Bans U.S. Resident From Securities Market, Says She Was Pushing Fraud Schemes For Commissions

British Columbia Bans U.S. Resident From Securities Market, Says She Was Pushing Fraud Schemes For Commissions

The British Columbia Securities Commission, which regulates securities in the Canadian province, has banned a U.S. resident who allegedly promoted a series of schemes on commission. “Sharon Downing has admitted that she engaged in an illegal distribution of securities,” BCSC said. Downing, according to BCSC, promoted schemes for Thomas Arthur Williams and six entities engaged […]

SPECIAL REPORT: eAdGear ‘Program’ Allegedly Traded Falsely On Names Of Famous Companies And Brands; SEC Contacted Google, Yahoo, Target, Victoria’s Secret (And More) To Refute Claims; Separately, ‘Bossteam’ Enterprise In Canada Operated In Similar Fashion, Records Show

SPECIAL REPORT: eAdGear 'Program' Allegedly Traded Falsely On Names Of Famous Companies And Brands; SEC Contacted Google, Yahoo, Target, Victoria's Secret (And More) To Refute Claims; Separately, 'Bossteam' Enterprise In Canada Operated In Similar Fashion, Records Show

EDITOR’S NOTE: eAdGear, which had entities in California and Hong Kong, “primarily” targeted “investors in the U.S., China, and Taiwan” and gathered $129 million in a combined pyramid- and Ponzi scheme that engaged in brand-leeching, the SEC alleged last week. An MLM scam known as WCM777, which allegedly gathered more than $80 million, also engaged […]

BRITISH COLUMBIA: Man Under Investigation For $5K Offering Fraud Launched Double-Down Scam; Won Sang Chen Cho Banned From Securities Markets; BCSC Says He ‘Poses A Serious And Continuing Risk’

BRITISH COLUMBIA: Man Under Investigation For $5K Offering Fraud Launched Double-Down Scam; Won Sang Chen Cho Banned From Securities Markets; BCSC Says He 'Poses A Serious And Continuing Risk'

A British Columbia man already under investigation for duping investors $5,000 at a time doubled down and then went for $10,000, the British Columbia Securities Commission said. Won Sang Chen Cho, also known as Craig Cho, now has been banned for life from the securities trade, the agency said. Cho, the agency said, “poses a […]

BCSC: Scammers Ripped Off Canadians In Forex Scam In Which Money Was Wired To Costa Rica; At Least 1 Investor Duped Into Making Payment Of $13,000 Purportedly For U.S. Taxes In Ill-Fated Bid To Recover Lost Principal

BCSC: Scammers Ripped Off Canadians In Forex Scam In Which Money Was Wired To Costa Rica; At Least 1 Investor Duped Into Making Payment Of $13,000 Purportedly For U.S. Taxes In Ill-Fated Bid To Recover Lost Principal

EDITOR’S NOTE: The PP Blog reported yesterday about a massive alleged penny-stock scam married to an advance-free fraud scheme in which investors were duped into believing they were interacting with IRS employees trying to collect taxes and a law firm interested in recovering funds from the stock swindle. Federal prosecutors in Brooklyn said the scammers […]

In Wake Of Profitable Sunrise Alert, British Columbia Issues 2 More Warnings Against HYIPs; Like Profitable Sunrise, Both ‘Programs’ Had Presence On TalkGold And MoneyMakerGroup Ponzi Forums

In Wake Of Profitable Sunrise Alert, British Columbia Issues 2 More Warnings Against HYIPs; Like Profitable Sunrise, Both 'Programs' Had Presence On TalkGold And MoneyMakerGroup Ponzi Forums

EDITOR’S NOTE: Thanks to PP Blog reader “Tony” for pointing us to the British Columbia Securities Commission (BCSC) warning against the Lucra Fund and Goldenarium HYIP schemes. Earlier this month, BCSC issued a warning on the Profitable Sunrise scheme. The British Columbia Securities Commission has issued warnings on HYIP “programs” known as Lucra Fund and […]

DEVELOPING STORY: [BULLETIN]: Filings Suggest New Strain Of Autosurfing Cancer Discovered In Canada; British Columbia Securities Commission Investigating ‘Bossteam E-Commerce Inc.’ Amid Ponzi Allegations

DEVELOPING STORY: [BULLETIN]: Filings Suggest New Strain Of Autosurfing Cancer Discovered In Canada; British Columbia Securities Commission Investigating 'Bossteam E-Commerce Inc.' Amid Ponzi Allegations

BULLETIN: A potential new form of online fraud that sells memberships for up to $5,000, purportedly pays participants for clicking on ads and also invites them to exchange “private” shares in the venture through a purported “internal trading platform” has been discovered in Canada, according to the British Columbia Securities Commission (BCSC). The scheme recorded […]

VANCOUVER SUN: Investors From At Least 3 Countries Plowed Millions Into Scheme That Has Led To Suspension Of British Columbia Notary Public; Ponzi Probe Triggers Questions About Overlooked Red Flags And Lack Of Due Diligence By Salesman

VANCOUVER SUN: Investors From At Least 3 Countries Plowed Millions Into Scheme That Has Led To Suspension Of British Columbia Notary Public; Ponzi Probe Triggers Questions About Overlooked Red Flags And Lack Of Due Diligence By Salesman

EDITOR’S NOTE: Some investors in Canada, the United States, the United Kingdom and potentially elsewhere got an unpleasant Valentine’s Day surprise when they learned that an investment scheme into which they had plowed millions of dollars was under investigation by the British Columbia Securities Commission (BCSC) in Canada. In the early stages of the probe, […]

Man, 85, Accused Of Selling Unregistered Securities In ‘Shipwreck’ Venture; Recidivist Huckster Hawked Sunken-Treasure Offer While Banned Because Of Previous Misconduct, BCSC Says

Man, 85, Accused Of Selling Unregistered Securities In 'Shipwreck' Venture; Recidivist Huckster Hawked Sunken-Treasure Offer While Banned Because Of Previous Misconduct, BCSC Says

Ten years ago, when John Arthur Roche McLoughlin was about 75 years old, the British Columbia Securities Commission accused him of selling unregistered securities in a venture known as Grandby Development Corp., a purported fertilizer company. BCSC imposed a five-year ban that prohibited McLoughlin from acting as a director or officer of any issuer. Because […]

Another HYIP Pushed By ASD Members Now DOA; Cypriot, Canadian Securities Regulators Issue Warnings About Genius Funds; Regulator Seeks Criminal Probe

Another HYIP Pushed By ASD Members Now DOA; Cypriot, Canadian Securities Regulators Issue Warnings About Genius Funds; Regulator Seeks Criminal Probe

Regulators in Cyprus have referred Genius Funds for criminal investigation and released a warning that the company “[is] not permitted to provide investment and ancillary services in the Republic.” Genius Funds, a darling of the HYIP world,  was heavily promoted on the Ponzi boards. The program also is known as Genius Investments. The program was […]