A PONZI WORLD FIRST? JSS Tripler 2 Collapses — And Obvious Ponzi ‘Program’ Blames Ponzi-Pushers’ Forum For Demise
UPDATED 4:05 PM EDT (U.S.A.): It’s MoneyMakerGroup’s fault that JSS Tripler 2 (T2) — also known as T2MoneyKlub — has collapsed.
And it’s also the fault of “Elmer,” a forum poster who apparently committed the unpardonable sin of questioning the legitimacy of a scheme that advertised a return of 2 percent a day — after naming itself after another scheme that advertised 2 percent a day and after T2 gave birth to itself in a forum referenced in U.S. court filings as a place from which massive HYIP Ponzi schemes such as Legisi and Pathway to Prosperity were promoted.
The bizarre assertions were made by T2 Admin “Dave,” a self-described newlywed apparently fully recovered from a recent bout with Dengue Fever but no longer able to ward off a case of Ponzi topplitis fatalis.
“CLOSED UNTIL FURTHER NOTICE!!” the T2 site screamed last night in all-caps and red type. “DUE TO INCESSANT UNDERMINING BY THE STAFF AND A SELECTION OF ‘STAFF ASSISTED’ MEMBERS OF MONEYMAKERGROUP.COM.”
Only days before, “Dave” announced that members who plowed money into the scheme would begin receiving payments to make them whole and put them in profit. Whether those payments were made remains an open question. Serial scammers and willfully blind Ponzi recruiters who populate the Ponzi boards and organize their public and private sales pitches to speed the flow of cash to the schemes as a means of harvesting commissions as illegal broker-dealers may be the only winners — other than “Dave” himself.
Whether “Dave” assigned himself a Ponzi “rake” is unclear. In the AdSurfDaily online Ponzi case, federal prosecutors said ASD President Andy Bowdoin and a “silent partner” who was Bowdoin’s sponsor in the 12DailyPro online Ponzi scheme agreed to a rake of 10 percent of ASD’s “gross sales.”
The U.S. Secret Service said ASD had gathered at least $110 million. Bowdoin was charged in 2010 with wire fraud, securities fraud and selling unregistered securities. He faces a Ponzi trial in September and a bond-review hearing May 18. Investigators say he continued to scam after the Secret Service raided ASD in August 2008.
Ponzi-board posts suggest “Dave” had access to hundreds of thousands of dollars sent in by T2 members, beginning late last year and at least into the early part of 2012. But a problem with an offshore (from a U.S. perspective) payment processor purportedly developed, a situation that purportedly led to a freeze on cashouts. “Dave” claimed he was operating the program from both Britain and Thailand, while also venturing to countries such as Cambodia.
The collapse of T2 occurred just days after the conclusion of a conference in Israel at which INTERPOL President Khoo Boon Hui described two recent online scams operating in Asia that had gathered billions of dollars and resulted in 220 arrests.
Some of the suspects were trying to make a fast getaway at an airport, Hui said, describing the purveyors as transnational criminals.
“[Eighty] per cent of crime committed online is now connected to organized gangs operating across borders,” Hui said, citing figures from a study by London Metropolitan University. “Criminal gangs now find that transnational and cybercrime are far more rewarding and profitable than other riskier forms of making money.”
MoneyMakerGroup is referenced in both the Legisi and Pathway To Prosperity cases as a place from which Ponzi and fraud schemes are promoted. The combined hauls of those schemes exceeded $140 million, according to court filings.
The combined hauls of ASD, Legisi and Pathway To Prosperity exceeded $250 million, according to court filings. Like Legisi, Pathway To Prosperity and T2, ASD also was promoted on the Ponzi forums. Federal prosecutors now say that OneX — yet another “opportunity” promoted on the forums — is a “fraudulent scheme” and “pyramid.”
Bowdoin now is accused of promoting OneX.
Although the closure announcement on the T2 site did not reference Elmer, remarks attributed to “Dave” (as Peakr8) on MoneyMakerGroup made it plain that “Dave” holds Elmer equally accountable for the collapse of the T2 scheme, which recently started a Ponzi feeder program known as “Compound150.”
Here’s “Dave” as Peakr8 yesterday on MoneyMakerGroup (italics added):
I got an email from [MoneyMakerGroup Admin] Yippee some months back. Included in it was one line I will never forget.
Elmer and his friends will NEVER be banned from MMG, the owner wants them there. To create ‘interesting discussion’.
My kids found this doing a search about T2MK… The youngest is 9 years old, the oldest is 13… they cried.
Hope you feel great about that Elmer and friends.. Hope you all feel great!!
I am closing both programs down as of NOW, and i will leave it to the processors to distribute the funds.
Yippee said hogwash.
“This is a BOLD FACED LIE!” Yippee exclaimed.
Elmer said “Dave’s” Ponzi experienced a meltdown and that “Dave” had become the “newest member of the ‘Crazy admin excuses’ club.”
“Why don’t you just tell the truth Dave? Elmer quizzed. “Your ponzi imploded. It ran out of cash to pay with.”
As part of its fraud, T2 maintained its own fraud forum. In a moment of almost-perfect fraud symmetry, legendary fraudster “Ken Russo” made the last “I got paid” post in T2s subfraud forum for its Compound150 fraud.
Ken Russo’s signature line at T2’s fraud forum led to an “opportunity” known as “Wealth 4 All Team,” which appears to have a cheerleader who is planting the seed that the RealScam.com antifraud forum may get sued for publishing information unfriendly to Wealth4AllTeam.
Whether “Ken Russo” had plowed into Wealth4All any of his purported May 11 net payout of $535.95 from “Dave’s” multifaceted T2 Ponzi venture is unknown.
“Ask About My Matching Loan Offer,” “Ken Russo” prompted in his ad for Wealth4AllTeam at “Dave’s” forum for the combined T2 frauds.
In March, “Dave” asserted that the PP Blog and “all your lackies” had “completely undermined your credibility . . . from the word go” in stories and comments about T2.
The T2 death notice followed about two months after “Dave’s” assertions on the PP Blog.
As JSS Tripler 2 (T2) aka T2MoneyKlub crashes and burns, ponzi promoter Ken Russo does what he always does in this instance. He starts promoting yet another fraud scheme. This time it’s something called “ShareGiveReceive” – I guess from the name it’s yet another illegal cash-gifting scheme. He claims his “sponsor” is a “Morris Friedberg”. There’s not many hist on google for Morris, but it seems he’s played with a few obvious ponzis in the past.
According to Ken Russo, “ShareGiveReceive” has an “administrator” of “Selina C. Brantley”. This person seems to be associated with something called “Wealth Creation Network”.
One thing you can say for Dave, is he came up with an origianl excuse for running with the money. Definitely a first blaiming a financial forum, and especially the one who “launched” T2 on the financial forums for its demise. Talk about “biting the hand that feeds you” mentality.
Of course we had Stros, Ken Russo protege, saying those who bad-mouthed Dave would regret it when he came back. This was after Dave announced “game over.” Not a lot of happy campers with Stros after his comments. Of course Ken was long gone before all of this hit the fan; as always.
I do feel sorry for all the people who “bought into” all Dave’s, Ken’s, Stros’, and all the other major promoters of T2 BS. They are the ones who always lose and pay a hefty price in these Ponzi’s.
LOL, told Davey he needed to pay for a sticky!!! Seriously though, why would a forum that specializes in presenting and discussing these “program” want to have them fail? These are at least indirectly, a revenue source for them.( with sticky fees, ads, supporter fees etc.)
Well, it seems has now had a change of heart, and he will be refunding all those wanting out, and will have a new program for those who want to stay in the program.
This guy is either on drugs or bi-polar or both. He changes his moods and positions like a yo-yo.
I’m sure if someone says something he doesn’t like, he will change his mind again. Anyone who does stay with him deserves everything they get.
Well, it seems has now had a change of heart, and he will be refunding all those wanting out, and will have a new program for those who want to stay in the program.
Gee, just like V-Lane/GMS, right?
It’s built like a gifting scheme, Tony, but I’m scratching my head trying to figure out why it even exists, given that it’s a “Give $0.00 to person X” system. That wasn’t a typo. Gifting no money at all, and somehow making money via that lack of transaction? Bewildering.
The only difference between this and your standard, run-of-the-mill HYIP ponzi is that these guys aren’t even bothering to pretend they’re making millions selling fibrollated sigglestats or dealing in secret offshore trading funds.
It must be so tiring for HYIP ponzi operators to keep up the pretense they’re actually doing something other than playing money games.
Quote about his kids crying was priceless. I had a nice laugh. For HYIP administrator “Dave” definitely has great imagination. Maybe he should have worked in Hollywood and made money legally.
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