UPDATE: HYIP Known As ‘Insectrio’ Has Collapsed; Website Of LibertyReserve- And PerfectMoney-Enabled Scheme Pushed On Ponzi Boards Goes Missing; Both Payment-Processing Firms Referenced In SEC’s Complaint Against Imperia Invest IBC
The 'Insectrio' HYIP used the logos of the MoneyMakerGroup, TalkGold and DreamTeamMoney Ponzi forums in its sales pitch.
UPDATE: (UPDATED 11:53 A.M. EDT (U.S.A.) RealScam.com is reporting that the website of a bizarre HYIP known as “Insectrio” will not resolve.
As the PP Blog reported on May 27, Insectrio was emerging as a darling on the Ponzi boards. The purported “opportunity” even used a graphic showing the logos of TalkGold, MoneyMakerGroup and DreamTeamMoney in its vomitous sales pitch.
Insectrio advertised an “Egg” plan purported to pay 103 percent after one day, a “Larva” plan purported to pay 120 percent after five days and other plans advertised to pay even more. It was enabled by the offshore processors LibertyReserve and PerfectMoney, both of which are listed in the SEC’s October 2010 complaint against Imperia Invest IBC as processors that allegedly gathered money for Imperia.
Imperia was accused to stealing millions of dollars from deaf people. Its “program” also was promoted on the Ponzi boards.
Efforts to popularize Insectrio on the Ponzi boards were beginning at roughly the same time the popularity of Club Asteria was waning on the fraud cesspits. Club Asteria targeted its offer to the world’s poor. It reportedly suspended payouts weeks ago, although some members of the Ponzi boards say they continue to get paid through AlertPay, a Canadian processor.
Visit RealScam.com.
[…] August 2011, the PP Blog wrote about the collapse of a bizarre “program” known as Insectrio that […]
[…] In its early days, MyFunLife appears not to have a presence on other well-known Ponzi boards. Like TalkGold and MoneyMakerGroup, DreamTeamMoney is infamous as a launch pad for scores and scores of fraud schemes, including a bizarre “program” known as “Insectrio.” […]