SEC

PP Blog Tag archives on references to "SEC."

TelexFree/iFreeX Figure Sann Rodrigues Appears In Car With Emerson Fittipaldi; Is Brazilian Racing Legend Being Duped By MLM Huckster?

TelexFree/iFreeX Figure Sann Rodrigues Appears In Car With Emerson Fittipaldi; Is Brazilian Racing Legend Being Duped By MLM Huckster?

UPDATED 2:14 P.M. ET U.S.A. It is not unusual for financial fraudsters to seek to rub elbows with famous people or to imply ties to them as a means of sanitizing purported “opportunities” or accenting their own bona fides. Recent examples of this include Florida-based Ponzi-schemer/racketeer Scott Rothstein, who mixed with the elite as his […]

DEVELOPING STORY: Kidnapping, Murder Linked To WCM777/Kingdom777 Scam, Newspaper Reports

DEVELOPING STORY: Kidnapping, Murder Linked To WCM777/Kingdom777 Scam, Newspaper Reports

DEVELOPING STORY: (Updated 8:43 p.m. ET U.S.A.) The Press Democrat of Santa Rosa, Calif., is reporting that detectives in Napa County have linked the kidnapping and murder of 44-year-old Reynaldo Pacheco to the WCM777/Kingdom777 MLM scam and as many as four suspects. From the Press Democrat in a story dated Jan. 15 about the arrest […]

UPDATE: SEC Declines To Comment On Pitchman’s Video Promo For ‘Achieve Community’ And 2 Other Ponzi-Board ‘Programs’ That Used Footage From Agency’s Website

UPDATE: SEC Declines To Comment On Pitchman's Video Promo For 'Achieve Community' And 2 Other Ponzi-Board 'Programs' That Used Footage From Agency's Website

The U.S. Securities and Exchange Commission declined this morning to comment on a Jan. 9 YouTube pitch from an “Achieve Community” promoter who mixed nearly six minutes of footage from the SEC website into a pitch for Achieve and two other Ponzi-board “programs.” Rodney Blackburn implied in the 14:27 production that the SEC did not […]

Network-Marketing Pitchman Camps Out At SEC Website, Produces Commercial For Achieve Community, Unison Wealth And Trinity Lines; ‘They’re Passive . . . You Just Kind Of Put Your Money Down’ And Receive Payouts

Network-Marketing Pitchman Camps Out At SEC Website, Produces Commercial For Achieve Community, Unison Wealth And Trinity Lines; 'They're Passive . . . You Just Kind Of Put Your Money Down' And Receive Payouts

EDITOR’S NOTE: The screen shots below show that Rodney Blackburn ends his “Unison Wealth” promo at the 8:29 mark of a 14:27 video. At the 8:30 mark, the website of the SEC becomes the feature and remains so for nearly the next six minutes as Blackburn touts Achieve Community, Unison Wealth and Trinity Lines, Ponzi-board […]

Battling Zeek-Related Malpractice Claim, MLM Attorney Kevin Grimes Now A New Partner At Thompson Burton

“It is the biggest announcement I’ve ever made in my career.” — MLM attorney Kevin Thompson on the hiring of Kevin Grimes, Jan. 9, 2015. 2nd UPDATE 5:35 p.m. ET U.S.A. Zeek Rewards receiver Kenneth D. Bell accused Idaho MLM attorney Kevin Grimes last year of providing “substantial assistance” to Zeek’s Ponzi scheme and, in […]

BULLETIN: Lucrazon ‘Program’ Sued In Massachusetts, Amid Allegations Of Fraud

BULLETIN: Lucrazon 'Program' Sued In Massachusetts, Amid Allegations Of Fraud

BULLETIN: (Updated 10:18 a.m. ET Dec. 24 U.S.A.) Lucrazon Global, a purported revenue-sharing program pushed on Ponzi boards such as MoneyMakerGroup, has been sued in federal court by private plaintiffs who allege fraud. Named defendants in the Dec. 9 complaint in Massachusetts federal court are Lucrazon LLC and Lucrazon Global LLC, both of Delaware and […]

BULLETIN: Extraordinary Drama Playing Out In Zeekland; Credit-Card Processor Says It Has Been ‘Rendered Insolvent’ Through Misconduct Of Paul Burks And Rex Venture Group

BULLETIN: Extraordinary Drama Playing Out In Zeekland; Credit-Card Processor Says It Has Been 'Rendered Insolvent' Through Misconduct Of Paul Burks And Rex Venture Group

BULLETIN: (8th Update 10:09 p.m. ET Dec. 18 U.S.A.) Payment vendor for a Ponzi-board “program?” More than two years after the shutdown of Zeek Rewards by the SEC, Plastic Cash International, a credit-card processor and would-be debit-card vendor for Zeek, said it has been “rendered insolvent as a result of the misconduct of [Rex Venture […]

BULLETIN: Judge Freezes Property Owned By Mother Of WCM777 Ponzi Figure Ming Xu

BULLETIN: Judge Freezes Property Owned By Mother Of WCM777 Ponzi Figure Ming Xu

BULLETIN: A federal judge has frozen real estate in California owned by the mother of accused WCM777 MLM Ponzi schemer Ming Xu. U.S. District Judge John F. Walter of the Central District of California took the action today after court-appointed receiver Krista. L. Freitag alleged Friday that the $730,000 used to purchase the San Gabriel […]

URGENT >> BULLETIN >> MOVING: eAdGear Figures Indicted In California On Conspiracy Charge Of Structuring Transactions To Evade Bank-Reporting Requirements

URGENT >> BULLETIN >> MOVING: eAdGear Figures Indicted In California On Conspiracy Charge Of Structuring Transactions To Evade Bank-Reporting Requirements

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 […]

North American Securities Administrators Association Publishes Warning On HYIP Frauds: ‘Ponzi Schemes Sold By Unlicensed Individuals,’ International Group Says

North American Securities Administrators Association Publishes Warning On HYIP Frauds: 'Ponzi Schemes Sold By Unlicensed Individuals,' International Group Says

Don’t get fleeced by HYIP scammers and commission-based promoters who push such fraud schemes on the Internet, the North American Securities Administrators Association (NASAA) says in a new warning. From the warning (italics added): Have you ever seen an ad on the Internet or a posting on a social media site promising too-good-to-be-true rates of […]

Full Statement From Zeek Receiver On New Information Available Through Claims Portal

EDITOR’S NOTE: Zeek Rewards receiver Kenneth D. Bell has issued the statement reproduced below. It is dated Nov. 25, 2014. Source: Zeek Rewards Receivership Website. ** ________________________________ ** ANNOUNCEMENT FROM THE RECEIVER – November 25, 2014 Today, new features were added to the claim status portal in response to issues that have arisen in the […]