GNI

PP Blog Tag archives on references to "GNI."

‘GooBets,’ Cross-Border Fraud Scheme, Emerges

'GooBets,' Cross-Border Fraud Scheme, Emerges

2ND UPDATE 2:19 P.M. EDT U.S.A. A “program” known as “GooBets” that appears to be targeting speakers of Portuguese and English has emerged. BehindMLM.com broke the news this morning. After observing the GooBets site, the PP Blog sought comment from the National Football League and the National Basketball Association. That’s because GooBets is using the […]

MORE FROM THE MLM LA-LA LAND PLAYBOOK: Former ASD, NewGNI, Club Asteria, Zeek And Profitable Sunrise Pitchman ‘Ken Russo’ Coins New Acronym (NAG); Paul Darby Plants Seed FBI Backs His ‘YouGetPaidFast’ Program — AFTER Trading On Name And Likeness Of President Of The United States

MORE FROM THE MLM LA-LA LAND PLAYBOOK: Former ASD, NewGNI, Club Asteria, Zeek And Profitable Sunrise Pitchman 'Ken Russo' Coins New Acronym (NAG); Paul Darby Plants Seed FBI Backs His 'YouGetPaidFast' Program -- AFTER Trading On Name And Likeness Of President Of The United States

UPDATED 8:37 A.M. EDT (OCT. 21, U.S.A.) Former AdSurfDaily President Andy Bowdoin is continuing to serve 78 months in federal prison at the age of 78¬† — in part because he borrowed liberally from the MLM scammer’s playbook and planted the seed that the President of the United States (then George W. Bush) backed his […]

HourlyRevShare, Another ‘Ken Russo’ Ponzi-Board ‘Program,’ Reportedly DOA

HourlyRevShare, Another 'Ken Russo' Ponzi-Board 'Program,' Reportedly DOA

HourlyRevShare, another in a long list of incongruous HYIP Ponzi-board “programs” pushed by serial huckster “Ken Russo” (also known as “DRdave”), reportedly has collapsed after taking a second bite of the Ponzi apple (purportedly as HRS II) after the original iteration collapsed. Other recent “programs” pushed by “Ken Russo” include Zeek Rewards and Profitable Sunrise, […]

‘NewGNI,’ Apparent Knockoff HYIP Scam Promoted By Zeek And ‘Profitable Sunrise’ Cheerleader ‘Ken Russo,’ Appears To Have Collapsed

'NewGNI,' Apparent Knockoff HYIP Scam Promoted By Zeek And 'Profitable Sunrise' Cheerleader 'Ken Russo,' Appears To Have Collapsed

The website of “NewGNI” has not resolved to a server for days. The “program” is believed to have been a knockoff of a predecessor scam known as “GNI” or GoldNuggetInvest, which collapsed in early 2010 after being promoted by members of the AdSurfDaily Ponzi scheme. The collapse of the original GNI was about as bizarre […]

$250 Million-Plus Ponzi ‘Arbitrage’ Scheme In South Africa Allegedly Led To Murder/Suicide; A ‘Tangled Web Of Close Corporations, Trusts And Offshore Bank Accounts’

$250 Million-Plus Ponzi 'Arbitrage' Scheme In South Africa Allegedly Led To Murder/Suicide; A 'Tangled Web Of Close Corporations, Trusts And Offshore Bank Accounts'

MoneyWeb has the story of Relative Value Arbitrage Fund (RVAF), an alleged massive Ponzi scheme in South Africa in which Herman Pretorius shot and killed a business partner in July and then shot and killed himself. The scheme appears to have gathered R2.2bn, the equivalent of more than $250 million (U.S.). From Julius Cobbett at […]

EDITORIAL: Randy Schroeder Of Mona Vie Emerges As Zeek Critic And Asks MLMers To Open Their Eyes; Troy Dooly Takes Him To The Woodshed — And Plants Seed Zeek May Sue; JSS Tripler/JustBeenPaid ‘Defender’ ‘MoneyMakingBrain’ Dials Up Bizarre Intimidation Campaign, Plants Seed Frederick Mann May Sue

EDITORIAL: Randy Schroeder Of Mona Vie Emerges As Zeek Critic And Asks MLMers To Open Their Eyes; Troy Dooly Takes Him To The Woodshed -- And Plants Seed Zeek May Sue; JSS Tripler/JustBeenPaid 'Defender' 'MoneyMakingBrain' Dials Up Bizarre Intimidation Campaign, Plants Seed Frederick Mann May Sue

“It’s gonna blow up; it’s gonna be an ugly blow-up. It’ll probably happen sooner, not later. And it will leave a trail of devastation behind it. And I urge you to not even consider them.” —¬†Comment on Zeek Rewards by Randy Schroeder, president of North America and Europe for Mona Vie, July 16, 2012 UPDATED […]

WRETCHED, TAWDRY AND CHEAP: AdSurfDaily Members Now Targeted In Pitches For An MLM 2X2 Cycler — One That Trades On Walmart’s Name While Affiliate Offers ‘Blessings’

WRETCHED, TAWDRY AND CHEAP: AdSurfDaily Members Now Targeted In Pitches For An MLM 2X2 Cycler -- One That Trades On Walmart's Name While Affiliate Offers 'Blessings'

UPDATED 7:11 P.M. EDT (U.S.A.) When U.S. District Judge James Rosenbaum sentenced Ponzi schemer Trevor Cook to a quarter of a century in federal prison earlier this week, the judge used some powerful words to describe Cook’s colossal fraud. Rosenbaum described the scheme that bilked investors out of at least $158 million as “wretched, tawdry […]

‘Sports Arbitrage’ Betting Program Was Investment Scam, Feds Say; Yul Na Indicted For Wire Fraud, Money-Laundering; Faces Up To 890 Years In Prison

'Sports Arbitrage' Betting Program Was Investment Scam, Feds Say; Yul Na Indicted For Wire Fraud, Money-Laundering; Faces Up To 890 Years In Prison

A man has been indicted in Las Vegas for stealing nearly $1 million from investors by telling them they were participating in a “sports arbitrage” betting program and could not lose, federal prosecutors said. An arrest warrant has been issued for Yul Na. He was charged in a criminal indictment with 30 counts of wire […]

GNI BECOMES THIS YEAR’S ASD: Autosurf/HYIP Pimps Continue To Cheerlead Ponzi Schemes As Bank Failures Pile Up In The United States

GNI BECOMES THIS YEAR'S ASD: Autosurf/HYIP Pimps Continue To Cheerlead Ponzi Schemes As Bank Failures Pile Up In The United States

The new year is starting out like the year that just passed. Banks are failing, unemployment is high, money is not trickling down to small businesses that need capital to expand and create new jobs — and the Ponzi pimps are still putting lipstick on pigs, pushing autosurfs and HYIPs and cheerleading for them even […]

THE GREAT PONZI PAPER CHASE: Playing Field Spans Globe, Judge Says; SEC Notes Cook/Kiley Banking Ties In Antigua, Europe, Middle East

THE GREAT PONZI PAPER CHASE: Playing Field Spans Globe, Judge Says; SEC Notes Cook/Kiley Banking Ties In Antigua, Europe, Middle East

The ruling by a federal judge yesterday that put alleged Minnesota Ponzi schemer Trevor Cook behind bars until he surrenders tens of millions of dollars in offshore bank accounts includes some interesting details. For one, Cook, accused by the SEC and the CFTC in a $190 million fraud, had access to a bank account in […]

GNI Members: Failed Program Was ‘Honest’ And ‘Real’; Critics Should Shut Up And Focus On Haiti Earthquake

GNI Members: Failed Program Was 'Honest' And 'Real'; Critics Should Shut Up And Focus On Haiti Earthquake

Critics of Gold Nugget Invest (GNI), the collapsed Internet HYIP, do not understand that the program that advertised a return of 7.5 percent a week was “real,” according to a member writing on an online Ponzi board. Bickering about GNI only will lead to additional problems for the company, which is faithfully trying to reorganize, […]