SEC

PP Blog Tag archives on references to "SEC."

BRIEF: Feds Tweet Photo Of $20 Million Allegedly Found In Box Spring And Tied To TelexFree

Federal prosecutors have Tweeted a photo of $20 million allegedly found stuffed in a box spring and linked to the massive TelexFree Ponzi- and pyramid caper. The cash was found Jan. 4 by the Homeland Security Investigations branch of U.S. Immigration and Customs Enforcement, an arm of the U.S. Department of Homeland Security. Agents seized […]

Zeek Receiver Solicits Victim Letters For Feb. 13 Sentencing Of Paul Burks

Zeek Receiver Solicits Victim Letters For Feb. 13 Sentencing Of Paul Burks

Paul Burks will be sentenced Feb. 13 for his criminal role in Zeek Rewards, and the court-appointed receiver is soliciting letters from victims of the combined Ponzi- and pyramid scheme that affected hundreds of thousands of people. Zeek gathered hundreds of millions of dollars in a massive fraud scheme broken up by the SEC and […]

In Immigration Fraud Case, TelexFree Figure Sann Rodrigues Sentenced To Time Served And 2 Years’ Supervised Release

In Immigration Fraud Case, TelexFree Figure Sann Rodrigues Sentenced To Time Served And 2 Years' Supervised Release

UPDATED 1:56 P.M. ET U.S.A. TelexFree figure Sann Rodrigues could have been sentenced to 10 years for immigration fraud. Instead, he was sentenced yesterday to time served. The office of U.S. Attorney Carmen Ortiz of the District of Massachusetts said early this afternoon that Rodrigues ended up spending 57 days behind bars after his May […]

Firm In Which TelexFree Figure Faith Sloan Allegedly Hid Money Charged With Fraud In Separate Case

Firm In Which TelexFree Figure Faith Sloan Allegedly Hid Money Charged With Fraud In Separate Case

  UPDATED 12:14 P.M. EDT U.S.A. Back in April 2014, the SEC charged online huckster Faith Sloan with fraud for pushing the TelexFree scheme. Two month later, in June 2014, the SEC accused Sloan of violating the TelexFree asset freeze by sending nearly $15,000 to an online scheme known as Changes Worldwide LLC for the purchase of “business […]

EDITORIAL: Traffic Monsoon Apologist Goes All-Trump, Calls Receiver ‘Piggy’ And ‘Lying Cow’

EDITORIAL: Traffic Monsoon Apologist Goes All-Trump, Calls Receiver 'Piggy' And 'Lying Cow'

UPDATED 3:51 P.M. EDT U.S.A. Peggy Hunt, a partner at Dorsey & Whitney in Salt Lake City, is the court-appointed receiver in the SEC’s Ponzi- and securities-fraud case against Traffic Monsoon and Charles David Scoville. Her impressive Dorsey bio says she has worked in the areas of bankruptcy and receivership law for more than 25 years […]

TELEXFREE: Prosecutors Docket Prospective Witness List And Exhibits Against James Merrill: Understanding The Background

TELEXFREE: Prosecutors Docket Prospective Witness List And Exhibits Against James Merrill: Understanding The Background

EDITOR’S NOTE: This story, which easily could be titled “What NOT To Do In MLM,” summarizes a few of the witnesses and exhibits the U.S. government may use against TelexFree’s James Merrill when his trial gets under way Oct. 24 in Massachusetts. The background provided below is based on research by the PP Blog. Prosecutors filed their witness/exhibit […]

BULLETIN: Sann Rodrigues, TelexFree Figure, Agrees To Plead Guilty To Immigration Fraud

BULLETIN: Sann Rodrigues, TelexFree Figure, Agrees To Plead Guilty To Immigration Fraud

BULLETIN: (4th Update 7:23 p.m. EDT U.S.A.) Sann Rodrigues, a figure in the TelexFree Ponzi- and pyramid-scheme case, has agreed to plead guilty to a charge of immigration fraud, court documents say. The agreement potentially puts the native Brazilian at risk of deportation and a U.S. prison term of up to 10 years. He last was […]

On National Drink Beer Day, SEC Announces Action Against Anheuser-Busch InBev

Anheuser-Busch InBev will pay $6 million to settle SEC charges “it violated the Foreign Corrupt Practices Act (FCPA) and chilled a whistleblower who reported the misconduct,” the SEC said. The SEC’s announcement came on National Drink Beer Day. Whether the timing of the announcement was a coincidence was not immediately clear. At issue, according to […]

Dawn Wright-Olivares Of Zeek Rewards Sentenced To 7.5 Years In Federal Prison

Dawn Wright-Olivares Of Zeek Rewards Sentenced To 7.5 Years In Federal Prison

BULLETIN: Dawn Wright-Olivares, the former COO of Zeek Rewards, has been sentenced to seven and one-half years in federal prison. The sentence was imposed by U.S. District Judge Max O. Cogburn Jr. of the Western District of North Carolina. The office of U.S. Attorney Jill Westmoreland Rose prosecuted Wright-Olivares for investment- and tax-fraud conspiracy. Daniel Olivares, […]

Zeek Receiver Has $104K Judgment Against TrafficMonsoon Pitchman Now Pushing TrafficPowerline

Zeek Receiver Has $104K Judgment Against TrafficMonsoon Pitchman Now Pushing TrafficPowerline

On Oct. 14, 2015, the federal court clerk for the Western District of North Carolina signed a judgment of $104,743.55 against Adrian John Hibbert of Sully, United Kingdom. The judgment was in favor of Zeek Rewards’ receiver Kenneth D. Bell, records show. Bell had sued Hibbert and other U.K. residents in March 2015 for return […]

DEVELOPING STORY: Possible Traffic Monsoon Data Breach

DEVELOPING STORY: Possible Traffic Monsoon Data Breach

DEVELOPING STORY: During its routine reporting today, the PP Blog observed information that strongly suggests a data breach occurred at Traffic Monsoon or within a sponsor’s organization — possibly in the summer of 2015. The SEC, which charged Traffic Monsoon and alleged operator Charles David Scoville of Utah last month with running a massive, cross-border […]