MoneyMakerGroup

PP Blog Tag archives on references to "MoneyMakerGroup."

SEC: Claims That Traffic Monsoon Was A Successful Advertising Business ‘Merely An Illusion’

SEC: Claims That Traffic Monsoon Was A Successful Advertising Business 'Merely An Illusion'

“The complaint alleges that more than 99% of Traffic Monsoon’s revenue is derived from new investor funds, making claims that it is a successful advertising business merely an illusion.” — U.S. Securities and Exchange Commission, July 28, 2016 EDITOR’S NOTE: This (below) is the full litigation statement of the SEC on its Ponzi case against […]

TRAFFIC MONSOON: Whack-A-Mole — For Sure

TRAFFIC MONSOON: Whack-A-Mole -- For Sure

News came early this morning that the SEC had moved against Traffic Monsoon, calling it a Ponzi scheme. Both the “program” and alleged operator Charles Scoville were charged civilly yesterday in Utah federal court with securities fraud and selling unregistered securities to unaccredited investors. Scoville also was the braintrust behind AdHitProfits, a Ponzi-board “program” in part […]

Embezzled Banners Broker Pyramid Funds Allegedly Ended Up In ‘KulClub,’ Another Ponzi-Board MLM Program

Embezzled Banners Broker Pyramid Funds Allegedly Ended Up In 'KulClub,' Another Ponzi-Board MLM Program

2ND UPDATE 2:25 P.M. EDT U.S.A. More horrible PR for the MLM trade: Banners Broker international pitchman and pyramid-scheme figure Kuldip Josun embezzled at least $3.6 million from affiliates, according to a receiver’s report. The money was deposited into a Swiss bank account held by an entity known as World Web Media Inc. and appears […]

BULLETIN: FEDS: Burks Ran Scam Prior To ZeekRewards

BULLETIN: FEDS: Burks Ran Scam Prior To ZeekRewards

BULLETIN: (4th Update 9:13 p.m. EDT U.S.A.) Accused Ponzi schemer Paul Burks ran a “pyramid scheme” known as FollowMe1X2 that was a precursor to ZeekRewards, federal prosecutors say. A quote about FollowMe1X2 that appears in a prosecution filing today also appears verbatim in a post on the MoneyMakerGroup Ponzi forum dated Sept. 4, 2010, by “charlieone.” […]

After FBI Probe, Ju Ding Inc. (Juding) Exposed As Ponzi, Feds Say; Wenxing Huang Arrested

After FBI Probe, Ju Ding Inc. (Juding) Exposed As Ponzi, Feds Say; Wenxing Huang Arrested

A fraudster who used “fancy cars and parties” to dupe investors has been arrested after an FBI investigation, said Eileen M. Decker, the top federal prosecutor in the Central District of California. Wenxing Huang, 33, of San Gabriel, has been charged with money-laundering and wire fraud in an alleged Ponzi scheme that gathered at least […]

At Chicago Symposium, SEC Highlights Pyramid Scheme Task Force And Notes ‘Whack-A-Mole’ Nature Of Online Scams

At Chicago Symposium, SEC Highlights Pyramid Scheme Task Force And Notes 'Whack-A-Mole' Nature Of Online Scams

“These frauds are easily duplicated, and at times, we find ourselves playing ‘whack-a-mole,’ chasing the same set of fraudsters who, after feeling a bit of heat, simply close down one scheme and quickly set up a new one under a different name.” — Andrew Ceresney, SEC Enforcement Division director, March 2, 2016 EDITOR’S NOTE: Type […]

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 […]

BULLETIN: ‘TeamVinh,’ A Ponzi-Board ‘Program,’ Charged By SEC

BULLETIN: 'TeamVinh,' A Ponzi-Board 'Program,' Charged By SEC

BULLETIN: (8th Update 3:34 p.m. ET U.SA.) The SEC has gone to federal court in Minnesota, alleging that an enterprise known as “TeamVinh” that pushed something called “VPAKs” was operating a securities-fraud scheme targeted at MLMers. TeamVinh, which allegedly recruited more than 5,600 participants,  has a presence on the Ponzi boards, including MoneyMakerGroup and TalkGold. Recent chatter suggests the […]

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 […]

STATS: High Interest Globally In Criminal Probe Involving Payza And Obopay

STATS: High Interest Globally In Criminal Probe Involving Payza And Obopay

On the past four Mondays — Oct. 26, Nov. 2, Nov. 9 and Nov. 16 — the PP Blog averaged viewership from 32 countries, according to a compilation of data from Jetpack summarized by the Blog. These numbers are typical. On any given day, viewers from between 25 and 40 countries arrive here. But on Oct. […]

BULLETIN: SEC Hits Another Ponzi-Board Scam; Action Against CashFlowBot (DollarMonster) May Cause Restlessness Among ‘Small’ Operators

BULLETIN: SEC Hits Another Ponzi-Board Scam; Action Against CashFlowBot (DollarMonster) May Cause Restlessness Among 'Small' Operators

BULLETIN: The SEC has gone to federal court in Atlanta, charging the alleged operator of CashFlowBot (DollarMonster) with operating a Ponzi scheme. The “program” had a presence on Ponzi-scheme forums such as TalkGold and MoneyMakerGroup. James A. Evans, 33, of Villa Rica, Ga., has been charged with selling unregistered securities and securities fraud. The SEC […]