SEC

PP Blog Tag archives on references to "SEC."

Top Official Who Warned About Cross-Border ‘Criminal Enterprises’ And ‘Frivolous Libel Cases’ To Mask Them Is Leaving Justice Department

Deputy Attorney General James M. Cole, the No. 2 official at the U.S. Justice Department, is leaving after four years, Attorney General Eric Holder confirmed in a statement. (Holder also is leaving, a topic for another day.) Cole said something in Mexico City at the┬áHigh-Level Hemispheric Meeting Against Transnational Organized Crime in March 2012 that […]

CKB/CKB168, WCM777 And TelexFree Prosecutions Make SEC’s 2014 Highlight Reel; Agency Says Its Job In MLM Sphere Isn’t Done

CKB/CKB168, WCM777 And TelexFree Prosecutions Make SEC's 2014 Highlight Reel; Agency Says Its Job In MLM Sphere Isn't Done

The prosecutions of the CKB/CKB168, WCM777 and TelexFree “programs” made the SEC’s highlight reel for fiscal year 2014, which began on Oct. 1, 2013 and ended on Sept. 30 of this year. In a statement today, the SEC said “new investigative approaches and the innovative use of data and analytical tools contributed to a very […]

RECEIVER: Zeek Rewards Was ‘Pig’ To Which MLM Lawyers Attemped To Apply ‘Lipstick’ — While One Of The Lawyers Participated On Massive Ponzi Scheme’s ‘Leadership Calls’

EDITOR’S NOTE: Kevin Grimes, MLM Compliance VT LLC and the Grimes & Reese law firm have argued that the claims against them should be dismissed. Zeek’s receiver argues otherwise, saying a “bogus ‘compliance course’” advanced by Grimes helped dupe the Zeek masses. Zeek affected hundreds of thousands of people, the SEC has said. Legal malpractice […]

DEVELOPING STORY: Zeek Figure Robert Craddock Accused Of Trademark Infringement And Engaging In ‘Shake-Down’ Bid Against MLM Affiliates

DEVELOPING STORY: Zeek Figure Robert Craddock Accused Of Trademark Infringement And Engaging In 'Shake-Down' Bid Against MLM Affiliates

EDITOR’S NOTE: The story below focuses mostly on a lawsuit filed against Zeek Rewards figure Robert Craddock by a Nevada company known as BTG180. A lawsuit filed against Craddock by a Wyoming company known as OfferHubb.net Inc. makes similar claims against Craddock. ** ___________________________________** DEVELOPING STORY: (4th Update 10:12 a.m. EDT Oct. 14 U.S.A.) Zeek […]

SEC Declines To Comment On New Claims Attributed To Zeek Figure Robert Craddock

SEC Declines To Comment On New Claims Attributed To Zeek Figure Robert Craddock

UPDATED 8:30 P.M. EDT U.S.A. The SEC this afternoon declined to comment on a confounding claim attributed to Zeek Rewards figure Robert Craddock that Zeek took in $1 billion in 12 months and that the U.S. government should have modeled a “stimulus program” after Zeek instead of shutting it down in 2012. News that Craddock […]

NEW ENGLAND PUBLIC RADIO: Secretary Galvin Talks TelexFree, Sann Rodrigues And ‘IFreeX,’ Tells Station Accused Huckster’s ‘Current Whereabouts . . . Unknown’

NEW ENGLAND PUBLIC RADIO: Secretary Galvin Talks TelexFree, Sann Rodrigues And 'IFreeX,' Tells Station Accused Huckster's 'Current Whereabouts . . . Unknown'

UPDATED 8 A.M. EDT U.S.A. New England Public Radio has a minute-long audio report on TelexFree, iFreeX and Sann Rodrigues, including comments from Massachusetts Commonwealth Secretary William Galvin. An NEPR text report is available here. Look under the byline of Kari Njiiri for a link to the audio report. Rodrigues, accused in April 2014 by […]

Did iFreeX ‘Program’ Pirate T-Mobile’s Branding Material?

Did iFreeX 'Program' Pirate T-Mobile's Branding Material?

T-Mobile told the PP Blog today that it was looking into a situation in which images of Carly Foulkes appear to have made their way into a promo for iFreeX, an emerging “program” that became the subject of a scam warning by Massachusetts Commonwealth Secretary William Galvin yesterday. Foulkes, a Canadian model, is known colloquially […]

URGENT >> BULLETIN >> MOVING: Massachusetts Issues Warning On ‘IFreeX’ Scheme; ‘iFreex Appears To Be Nothing More Than A Rebranded TelexFREE Fraud For Mobile Phones’

URGENT >> BULLETIN >> MOVING: Massachusetts Issues Warning On 'IFreeX' Scheme; 'iFreex Appears To Be Nothing More Than A Rebranded TelexFREE Fraud For Mobile Phones'

URGENT >> BULLETIN >> MOVING: Massachusetts Commonwealth Secretary William Galvin has issued a warning on an emerging scheme known as “IFreeX.” Like TelexFree before it, IFreeX is being pitched by two-time SEC pyramid-scheme defendant Sann Rodrigues and is being targeted at the Brazilian community. Rodrigues also is known as Sanderley Rodrigues de Vasconcelos, and individuals […]

BehindMLM.com Offline

BehindMLM.com Offline

UPDATED 3:21 A.M. EDT SEPT. 30 U.S.A. The PP Blog is aware that BehindMLM.com, the popular review site that covers multilevel marketing and fraud schemes within the sphere, is offline. The precise reason why is unclear at this time. BehindMLM.com reported Sept. 26 that it had received a DMCA takedown notice from Faith Sloan, an […]

SPECIAL REPORT: eAdGear ‘Program’ Allegedly Traded Falsely On Names Of Famous Companies And Brands; SEC Contacted Google, Yahoo, Target, Victoria’s Secret (And More) To Refute Claims; Separately, ‘Bossteam’ Enterprise In Canada Operated In Similar Fashion, Records Show

SPECIAL REPORT: eAdGear 'Program' Allegedly Traded Falsely On Names Of Famous Companies And Brands; SEC Contacted Google, Yahoo, Target, Victoria's Secret (And More) To Refute Claims; Separately, 'Bossteam' Enterprise In Canada Operated In Similar Fashion, Records Show

EDITOR’S NOTE: eAdGear, which had entities in California and Hong Kong, “primarily” targeted “investors in the U.S., China, and Taiwan” and gathered $129 million in a combined pyramid- and Ponzi scheme that engaged in brand-leeching, the SEC alleged last week. An MLM scam known as WCM777, which allegedly gathered more than $80 million, also engaged […]

URGENT >> BULLETIN >> MOVING: SEC Charges eAdGear, Alleging $129 Million Pyramid- And Ponzi Scheme

URGENT >> BULLETIN >> MOVING: SEC Charges eAdGear, Alleging $129 Million Pyramid- And Ponzi Scheme

URGENT >> BULLETIN >> MOVING: (12th Update 1:28 p.m. EDT U.S.A.) The SEC has gone to federal court in San Francisco, alleging that the eAdGear “program” was a pyramid- and Ponzi scheme that gathered $129 million. The action against eAdGear is the second major pyramid-scheme prosecution announced by the SEC this week. The SEC has […]