Bernard Madoff

PP Blog Tag archives on references to "Bernard Madoff."

An Incredibly Toxic Series Of HYIP Swindles — Everything From Bitcoin-Themed Scams To Purported Real-Estate Ventures That Claim To Aid Victims Of Terrorism

An Incredibly Toxic Series Of HYIP Swindles -- Everything From Bitcoin-Themed Scams To Purported Real-Estate Ventures That Claim To Aid Victims Of Terrorism

Bitcoinest.net, a site that covers cryptocurrency news, reported today that “DoubleCloud.pw Is Another Bitcoin HYIP Ponzi Scheme.” The “pw” extension stands for Palau, an island country in the Western Pacific. But the extension has been rebranded as “Professional Web,” according to Wikipedia. The user-created encyclopedia says Symantec, the security company, reported in 2013 a lot of […]

Watch The Trailer For ‘Madoff’ And Think About How You Could Have Avoided Schemes Such As Zeek And TelexFree

Watch The Trailer For 'Madoff' And Think About How You Could Have Avoided Schemes Such As Zeek And TelexFree

ABC has made available the first trailer for “Madoff,” a network miniseries debuting Feb. 3, 2016. Richard Dreyfuss plays the notorious Ponzi schemer, with Blythe Danner starring as Ruth Madoff. Bernard Madoff’s name first appeared on the PP Blog nearly seven years ago, on Dec. 13, 2008. It has appeared numerous times since then. Says […]

BULLETIN: $1.5 Billion Ponzi Alleged In Nevada

BULLETIN: $1.5 Billion Ponzi Alleged In Nevada

BULLETIN: (5th Update 12:54 a.m. EDT July 9 U.S.A.) Three individuals have been indicted on multiple criminal charges in Nevada, with a grand jury alleging they were at the helm of a $1.5 billion Ponzi scheme targeted at Japanese victims. The criminal case follows a civil action filed by the SEC in 2013. Charged with […]

RIPPLING NIGHTMARE: Has TelexFree Been Dwarfed By Another MLM Ponzi Scheme? Better Living Global Marketing Reportedly Says It Has Taken In $3.3 BILLION — And Is Experiencing ‘Cash Flow Problem’

RIPPLING NIGHTMARE: Has TelexFree Been Dwarfed By Another MLM Ponzi Scheme? Better Living Global Marketing Reportedly Says It Has Taken In $3.3 BILLION -- And Is Experiencing 'Cash Flow Problem'

EDITOR’S NOTE: In a story dated today, BehindMLM.com has broken down claims made in a recent video in which Better-Living Global Marketing (BLGM) figure Luke Teng appears. The potential criminality at BLGM, purportedly based in Hong Kong, not only is alarming, it is stunning. Even more disconcerting is the level of disconnect surrounding the scheme, […]

SEC Declines To Comment On New Claims Attributed To Zeek Figure Robert Craddock

SEC Declines To Comment On New Claims Attributed To Zeek Figure Robert Craddock

UPDATED 8:30 P.M. EDT U.S.A. The SEC this afternoon declined to comment on a confounding claim attributed to Zeek Rewards figure Robert Craddock that Zeek took in $1 billion in 12 months and that the U.S. government should have modeled a “stimulus program” after Zeek instead of shutting it down in 2012. News that Craddock […]

Launch Of Murky BitClub Network ‘Program’ Appears To Be Under Way

Launch Of Murky BitClub Network 'Program' Appears To Be Under Way

Much remains murky about BitClub Network, a Bitcoin-themed “program” that in typical HYIP fashion missed at least three advertised launch dates earlier this month. The launch, however, now appears to have gotten under way shortly after “2 p.m. EST” today, a possible indicator that the “program” is using Panama time. One promo the PP Blog […]

FAITH SLOAN: Blame TelexFree, Merrill, Wanzeler, Labriola And Nehra, Not Me

FAITH SLOAN: Blame TelexFree, Merrill, Wanzeler, Labriola And Nehra, Not Me

UPDATED 8:55 P.M. EDT U.S.A. Veteran HYIP huckster Faith Sloan told a federal judge presiding over the SEC’s TelexFree case that she is a victim of the company and was duped by TelexFree executives James Merrill, Carlos Wanzeler and Steve Labriola. And, the former Noobing, Zeek Rewards and Profitable Sunrise pitchwoman asserted, she also was […]

BULLETIN: Special Master Compares Zeek Case To Madoff, Stanford And Enron

BULLETIN: Special Master Compares Zeek Case To Madoff, Stanford And Enron

BULLETIN: With the MLM world only now coming to grips with the alleged $1.2 billion TelexFree Ponzi- and pyramid fraud, the special master in the Zeek Rewards criminal action has compared the Zeek case to the Bernard Madoff and Allen Stanford Ponzi schemes and the notorious Enron securities swindle involving former CEO Jeffrey Skilling. Special […]

EDITORIAL: Uproar In TelexFree’s Billion-Dollar Broom Closet

EDITORIAL: Uproar In TelexFree's Billion-Dollar Broom Closet

UPDATED 12:15 P.M. EDT (U.S.A.) The Boston Red Sox were at the White House Tuesday to receive recognition for winning the 2013 World Series. There were plenty of smiling faces, perhaps particularly when slugger David Ortiz, the MVP of the series, posed for a selfie with President Obama. But back home in Massachusetts, particularly in […]

EDITORIAL: Want To Build Your U.S. TelexFree Downline While An Active Pyramid-Scheme Investigation Is Under Way In Brazil? Ignore Or Downplay The Probe And Tell A ‘Carlos Danger’ Joke

EDITORIAL: Want To Build Your U.S. TelexFree Downline While An Active Pyramid-Scheme Investigation Is Under Way In Brazil? Ignore Or Downplay The Probe And Tell A 'Carlos Danger' Joke

EDITOR’S NOTE: TelexFree has two executives named Carlos — Carlos N. Wanzeler, and Carlos Costa. Neither of them is “Carlos Danger.” TelexFree, an MLM “opportunity,” has been under investigation in multiple states in Brazil since at least late June. There have been reports of death threats against a judge and a prosecutor — and there […]

URGENT >> BULLETIN >> MOVING: Federal Judge Denies Alleged Zeek Winners’ Motion To Intervene In Case And Dissolve Receivership

URGENT >> BULLETIN >> MOVING: Federal Judge Denies Alleged Zeek Winners' Motion To Intervene In Case And Dissolve Receivership

URGENT >> BULLETIN >> MOVING: (3RD UPDATE 8:44 P.M. EDT U.S.A.) Senior U.S. District Judge Graham C. Mullen has denied a motion by alleged winners in Zeek Rewards to intervene in the SEC’s Ponzi-scheme case and to dissolve the receivership. In December 2012, alleged Zeek “winners” Trudy Gilmond and Kellie King asked Mullen for permission […]