FBI

“Many investors gave cash to the company and to their leaders (or upline sponsors) who then deposited the cash along with other investor funds.” — Krista L. Freitag, court-appointed receiver in the WCM777 pyramid- and Ponzi case, Feb. 27, 2015 EDITOR’S NOTE: Tens of millions of dollars allegedly flowed through WCM777 and related entities. At […]

BULLETIN: (9th update 9:57 p.m. ET U.S.A.) Zeek Rewards receiver Kenneth D. Bell has sued alleged “winners” with residencies in New Zealand and the British Virgin Islands. One BVI winner is alleged to have gained more than $2 million from Zeek’s combined Ponzi- and pyramid scheme. Bell identified her as Agnita Solomon of Road Town, […]

URGENT >> BULLETIN >> MOVING: The “North Korean government” is responsible for the catastrophic hack at Sony Pictures Entertainment last month, the FBI says. As pressure mounts for the United States to retaliate, President Obama is expected to take questions on the matter at 1:30 p.m. today. The FBI said it was “deeply concerned about […]

4TH UPDATE 3:44 P.M. ET U.S.A. Before the SEC announced its civil pyramid- and Ponzi-scheme case on Sept. 26 against eAdGear figures Charles Wang and Francis Yuen, the pair had been indicted on a criminal charge in U.S. District Court for the Northern District of California, the PP Blog has learned. Docket records show the […]

There have been cyber attacks on banks, retail outlets, U.S. government sites and sites operated by U.S. government contractors. And now the FBI is investigating an attack on the U.S. Postal Service. In some ways, the attack might be viewed by Americans as the most personally violative to date. Virtually the whole of America — […]

In the first U.S. criminal prosecution involving a Bitcoin-themed scheme, Trendon Shavers has been arrested and charged with securities fraud and wire fraud. Shavers, 32, of McKinney, Texas, was charged civilly by the SEC in July 2013. He is known as “pirateat40,”  and allegedly pushed his Bitcoin Savings and Trust Ponzi scheme from a forum. […]

URGENT >> BULLETIN >> MOVING: (Updated 6:37 a.m. EDT Oct. 31 U.S.A.) Eric Frein, the man accused of ambushing two state troopers under cover of darkness outside their barracks in rural northeastern Pennsylvania, has been captured after a 48-day manhunt, Gov. Tom Corbett announced on Twitter. Frein, 31, became one of the FBI’s 10 Most […]

UPDATED 12:27 A.M. EDT SEPT. 22 U.S.A. The PP Blog today contacted the Board of Governors of the Federal Reserve System, owing to claims concerning the emerging BitClub Network “program” that is being pitched by certain members of the $850 million Zeek Rewards Ponzi- and pyramid scheme. Known in shorthand as the Fed, the Federal […]

2nd Update 11:35 p.m. to note that Frein has been added to the FBI’s 10 Most Wanted Fugitive List. Normalcy has not returned to Monroe County in the Pocono Mountains region of Northeastern Pennsylvania. Two troopers allegedly were ambushed outside their barracks in a nighttime, shift-change attack at the Blooming Grove station in nearby Pike […]

BULLETIN: (2nd Update 5:26 p.m. EDT Sept. 16 U.S.A.) The court-appointed trustee in the TelexFree bankruptcy case says in court filings that MLM attorney Jeffrey Babener advised TelexFree in August 2013 that it was operating a pyramid scheme. TelexFree nevertheless continued to collect money, Trustee Stephen B. Darr said. Just two months earlier — in […]

“Today, few threats are more urgent than the threat posed by violent extremism. And with the emergence of groups like ISIL, and the knowledge that some Americans are attempting to travel to countries like Syria and Iraq to take part in ongoing conflicts, the Justice Department is responding appropriately.” — Eric Holder, U.S. Attorney General, […]