Month: November 2012
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Website Of MPB Today, Bizarre ‘Grocery’ MLM, Inaccessible
DEVELOPING STORY: The website of MPBToday — a Ponzi forum darling featuring a 2X2 matrix cycler in 2010 — has been inaccessible for at least 24 hours. Fabled Ponzi huckster “Ken Russo” — later of Zeek Rewards — was among MPBToday’s promoters. Although the MPBToday site returns this message — “Site temporarily unavailable. Connection timed…
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BULLETIN: Receiver Re-Serves Zeek Member Who Sought To Quash Subpoena
BULLETIN: An apparent Florida member of the Zeek Rewards “program” who claimed last week that the court-appointed receiver situated in North Carolina had served a subpoena improperly from the Tar Heel state via U.S. Mail now has been served again — this time through a more expensive process that involved certified U.S. Mail, FedEx and…
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UPDATE: Sentencing For Legisi HYIP Ponzi Swindler Gregory McKnight Rescheduled For Feb. 5
Sentencing for a Michigan man federal prosecutors accused of “semantic obfuscation” for the manner in which his “program” was promoted has been rescheduled for Feb. 5, according to the docket of U.S. District Judge Mark A. Goldsmith of the Eastern District of Michigan. The sentencing delay for Gregory N. McKnight, who conducted the Legisi HYIP…
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Firm Assisting In Zeek Receivership Probe Has Another High-Profile Case; New York Times Reports That Kroll Investigative Firm Discovered ‘Well-Concealed Ponzi Scheme’ At Kabul Bank And ‘114 Rubber Stamps For Fake Companies’
A company retained by the court-appointed receiver in the Zeek Rewards Ponzi scheme case received a prominent mention in the New York Times yesterday. The company, the Kroll investigative firm, uncovered a massive Ponzi fraud at Kabul Bank in Afghanistan in which hundreds of millions of dollars were siphoned from depositors to benefit a “narrow…
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THANKSGIVING BLOTTER: Police Tell San Gabriel Valley Tribune That Apparent ‘Sovereign’ Escaped Holding Cell Through 9-In. Crack And Stole ‘Beanie’ From Dollar Store To Conceal His Hairdo; Arthur Guerrero Back In Custody On $1.035 Million Bail
An apparent California “sovereign citizen” arrested on Nov. 6 escaped through a 9-inch crack in a holding cell at the Glendora Police Department and, while making off, stole a “beanie” from a dollar store to disguise his appearance by concealing his overflow hairdo, authorities told the San Gabriel Valley Tribune. Here’s now the paper put…
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FLORIDA: 4 Purported ‘Sovereign Citizens’ Arrested On Forgery Charges In Alleged Counterfeit Check Scheme
Four purported “sovereign citizens” — three with Florida addresses and one with a North Carolina address — were arrested yesterday after investigators received reports of counterfeit checks being passed at local businesses, the Osceola County Sheriff’s Office said. A search of a room at the Red Roof Inn on Kyngs Heath Road in Kissimmee led…
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STUNNING: Nearly 1 BILLION Zeek Transactions Over 18 Months, Receiver Says; ‘Sheer Quantity Of Data’ And ‘Inadequate And Incomplete’ Records Necessitate Delay In Filing Of Liquidation Plan
EDITOR’S NOTE: It’s this simple: Ponzi = Pain — and even “ordinary” Ponzi schemes often result in extraordinary paper chases. The Zeek case may be setting a new standard for the extraordinary. The receiver in the Zeek Rewards Ponzi scheme case informed a federal judge today that “the Receivership Team is still in the process…