Roman Novak

PP Blog Tag archives on references to "Roman Novak."

BULLETIN: SEC Moves To Block Virginia Man From Intervening In Profitable Sunrise Case; Appointment Of Receiver Will Depend On Success Of Efforts To Repatriate Assets To United States

BULLETIN: SEC Moves To Block Virginia Man From Intervening In Profitable Sunrise Case; Appointment Of Receiver Will Depend On Success Of Efforts To Repatriate Assets To United States

BULLETIN: The SEC has asked a federal judge not to permit a Virginia man to intervene in the Profitable Sunrise HYIP fraud case, saying that the man’s self-filed pleading “would open the floodgates for other investors to file similar motions.” In late April, James Paul Schilling of Mechanicsville effectively asked U.S. District Judge Thomas W. […]

Pitchman Says Hong Kong-Based ‘Program’ Is ‘1,000 Percent Better’ Than Profitable Sunrise And Zeek Rewards

Pitchman Says Hong Kong-Based 'Program' Is '1,000 Percent Better' Than Profitable Sunrise And Zeek Rewards

In a bizarre and disturbing video playing on YouTube, a former Profitable Sunrise pitchman claims a new “program” he joined is operating from Hong Kong and is purveyed by an unidentified¬† “doctor.” The purported opportunity is “1,000 percent better” than Profitable Sunrise or Zeek Rewards, according to the video. News of the video first was […]

Virginia Man Asks For The Return Of More Than $57,000 Wired To Profitable Sunrise In Series Of Transactions

Virginia Man Asks For The Return Of More Than $57,000 Wired To Profitable Sunrise In Series Of Transactions

UPDATED 8:52 P.M. EDT (U.S.A.) A Virginia man has asked for the return of $57,300 wired to Profitable Sunrise in a series of transfers from Bank of America between Jan. 17 and Feb 28. It was unclear from the filing whether the man was a simple investor in Profitable Sunrise, an individual who also was […]

WTOL Introduces Middle America To The Profitable Sunrise HYIP Scheme; Graphic Shows 3-Tiered Affiliate Program On Top Of Absurd Payout

WTOL Introduces Middle America To The Profitable Sunrise HYIP Scheme; Graphic Shows 3-Tiered Affiliate Program On Top Of Absurd Payout

During its 11 p.m. newscast yesterday, WTOL (CBS/Toledo) aired a report titled “Holy Rip-Off” about the alleged Profitable Sunrise HYIP scam. The report, which began with images of Ponzi schemer Bernard Madoff playing in the background, focused on alleged Profitable Sunrise pitchwoman Nanci Jo Frazer of Bryan, Ohio. Frazer and her NJF Global Group are […]

UPDATE: North Carolina Says Profitable Sunrise Investors Have Been Targeted In ‘Reload Scams’ Like Zeek Rewards Investors Before Them

UPDATE: North Carolina Says Profitable Sunrise Investors Have Been Targeted In 'Reload Scams' Like Zeek Rewards Investors Before Them

UPDATED 11:28 A.M. EDT (U.S.A.) The Securities Division of North Carolina Secretary of State Elaine F. Marshall has issued a warning that Profitable Sunrise investors are being targeted in “reload scams.” North Carolina issued a similar warning in August 2012, saying then that members of the Zeek Rewards “program” — an alleged $600 million Ponzi- […]

Idaho Says Profitable Sunrise Pitchmen May Have Exposure ‘For Soliciting Other Investors’

Idaho Says Profitable Sunrise Pitchmen May Have Exposure 'For Soliciting Other Investors'

UPDATED 9:44 A.M. EDT (U.S.A.) Add Idaho to the list of U.S. states and provinces in Canada that have issued Investor Alerts or cease-and-desist orders against the Profitable Sunrise HYIP “program.” And because Profitable Sunrise also was in the business of recruiting pitchmen to sell unregistered securities in addition to offering preposterous returns, Idaho’s Department […]

Joe Borg Of Alabama Securities Commission Tells WSFA That Profitable Sunrise Worked Because People ‘Kind Of Glossed Over The Mathematics’

Joe Borg Of Alabama Securities Commission Tells WSFA That Profitable Sunrise Worked Because People 'Kind Of Glossed Over The Mathematics'

EDITOR’S NOTE: Alabama was one of the first U.S. states to take action against the Profitable Sunrise HYIP “program,” issuing both an Investor Alert and a cease-and-desist order last month. The C&D lists two alleged “agents” of Profitable Sunrise, demonstrating that a “program” can create problems for pitchmen, perhaps even as the “program” operators make […]

URGENT >> BULLETIN >> MOVING: SEC Files Complaint Against Profitable Sunrise; Purported ‘Opportunity’ Called An International ‘Pyramid Scheme’

URGENT >> BULLETIN >> MOVING: SEC Files Complaint Against Profitable Sunrise; Purported 'Opportunity' Called An International 'Pyramid Scheme'

URGENT >> BULLETIN >> MOVING: (17th update 4:02 p.m.) The SEC has filed a complaint against the ProfitableSunrise HYIP “program” in federal court in Atlanta. The story first was reported by CourthouseNewsService this morning. At the same time, the PP Blog has learned that the agency applied for an emergency asset freeze, explaining that Profitable […]

Profitable Sunrise Filed ‘No Answer Or Other Responsive Document,’ Colorado Securities Officials Say; HYIP Scheme Was Pitched On Classified-Ad Sites, Research Shows

Profitable Sunrise Filed 'No Answer Or Other Responsive Document,' Colorado Securities Officials Say; HYIP Scheme Was Pitched On Classified-Ad Sites, Research Shows

Profitable Sunrise had come under investigation in Colorado at least by March 8 and was officially notified March 11 that the state suspected it was breaking securities laws, the state Securities Board says in filings this week. Colorado scheduled a hearing for March 25 after learning that Profitable Sunrise also was under investigation in North […]

URGENT >> BULLETIN >> MOVING: CONSOB, Italian Securities Regulator, Takes Action Against Alleged Profitable Sunrise Promoter

URGENT >> BULLETIN >> MOVING: CONSOB, Italian Securities Regulator, Takes Action Against Alleged Profitable Sunrise Promoter

URGENT >> BULLETIN >> MOVING: The Italian securities regulator CONSOB has filed a suspension order that names an alleged promoter of Profitable Sunrise, amid allegations that Profitable Sunrise is an investment program. The agency said it observed pitches for ProfitableSunrise on a WordPress Blog under the control of “Daniele Verzari, who presents himself to users […]

NO EASTER PAYOUT: How To Contact State Securities Regulators About Profitable Sunrise HYIP SCHEME; [UPDATED WITH INFO FOR PROVINCES IN CANADA]

NO EASTER PAYOUT: How To Contact State Securities Regulators About Profitable Sunrise HYIP SCHEME; [UPDATED WITH INFO FOR PROVINCES IN CANADA]

UPDATED 8:49 A.M. EDT (APRIL 16, U.S.A.) Today is the day payouts were due on the bizarrely named Profitable Sunrise “Long Haul” 2.7-percent-a-day plan. The Profitable Sunrise website has been offline for 18 days, leaving investors in the lurch. All of the U.S. states and provinces in Canada listed below have issued Investor Alerts or […]