DUBIOUS MILESTONE: ‘Profitable Sunrise’ Website Has Been Offline For 10 Days; ‘All Is Good,’ Pitchman Tells Conference-Call Listeners; Wild, Unverified Claims Made On Facebook And Ponzi Boards That ‘Program’ Will Resurface As 4-Percent-A-Day Scheme
From a Profitable Sunrise promo online.
UPDATED 11:33 A.M. EDT (APRIL 1, U.S.A.) On April 1, the PP Blog published a story that informs Profitable Sunrise participants on how to contact state and provincial securities regulators in the United States and Canada.
That story is here.
April 1 was the date the Profitable Sunrise “Long Haul” plan was supposed to pay out. That didn’t happen.
Here, below, our March 25 post . . .
Now the subject of Investor Alerts or cease-and-desist orders in at least 30 states and provinces in the United States and Canada, the Profitable Sunrise HYIP has passed a milestone of sorts: Its website has been offline for 10+ days.
Despite the extended outage, wild, unverified reports have surfaced on Facebook and the Ponzi boards that Profitable Sunrise will resurface in Hong Kong, restarting with a 4-percent-a-day scheme.
Even if Profitable Sunrise still has control over servers — and even if it relaunches with a 4-percent-a-day scheme — history cannot be taken off the table. Part of HYIP history includes the renaming and relaunching of schemes designed to give scammers access to new cash to sustain the Ponzi deception. The “trick” has been used so many times in HYIP Ponzi Land that it has become a virtual cliché.
The AdSurfDaily Ponzi scheme appears to have operated under at least three different names, all the while positioning itself as a “Christian” enterprise. An HYIP scheme bizarrely known as Cash Tanker once was promoted on the pro-ASD “Surf’s Up” forum. Cash Tanker, which promised a Profitable Sunrise-like 2 percent a day and used an image of Jesus Christ in promos, later collapsed.
On March 6, the PP Blog observed information in a nonEnglish, international forum that strongly suggested an ASD promoter had become a key pitchman for Profitable Sunrise. The information suggested that the ASD promoter had assembled a “group” that carried a purported balance of more than $18.8 million in Profitable Sunrise.
ASD collapsed in 2008.
Because Profitable Sunrise traded on Bible verse and images of Jesus Christ and was promoted by self-identified Christians, the scheme now has caused divisiveness in the Christian community. Among the key unanswered questions: Who would benefit from such divisiveness and was Profitable Sunrise deliberately structured to turn Believers against each other?
Cheerleading for the “program” continues. On a conference call last week, a Profitable Sunrise pitchman assured listeners that “all is good” with the enterprise. The claim appears to have been based on second- and third-hand reports that morphed into a purported “consensus” among leaders/members given to confirming their own biases.
“Everyone agrees that the Easter gift from the [Profitable Sunrise] Long Haul [plan] is on,” the pitchman said. “It’ll be given on schedule.”
One speaker on the same call claimed “[w]e can do what we want,” despite government warnings and even legal proceedings to the contrary.
“[W]e’re not selling any securities and we’re free citizens,” the speaker intoned.
Separately, a claim was made on the MoneyMakerGroup Ponzi forum that the Howey Test from a famous Supreme Court case in 1946 does not apply to Profitable Sunrise because the “Howey Test is for Private Real Estate Loans.”
Like many things surrounding Profitable Sunrise, the claim about the purported inapplicability of the Howey Test is absurd. The Howey Test is a key test of what constitutes an investment contract. Profitable Sunrise itself positioned the “program” as an investment opportunity. Meanwhile, various members of the “program” — including ones who continue to support it — have written or spoken publicly about their “contracts” that purport to pay up to 2.7 percent interest a day through a plan bizarrely known as the “Long Haul.”
After he was charged criminally in 2010 for his role in the ASD Ponzi scheme, ASD President Andy Bowdoin argued that the Howey Test did not apply to ASD, a purported “advertising” company that purported to pay 1 percent a day.
Despite Bowdoin’s Howey argument, a federal judge ruled that “these alleged facts smack of an investment.”
And, the judge ruled, “Based on the allegations set forth in the Indictment, the evidence already before the Court, and the government’s proffers of expected trial evidence, the Court finds that the allegations, if proven, would be sufficient to permit a jury to find that ASD members were investing.”
Bowdoin later pleaded guilty to wire fraud. He was sentenced to 78 months in federal prison.
What a surprise, the website is not online today…
Well, no reports of dengue fever as of yet, but on a blog post from a member of Nanci Jo Frazer’s little scam center, we have an update on her son’s serious brain injury. I only bring it up because it’s kind of confusing. The post is quoted as saying that (her son’s) “brain got pushed to one side crushing his ventricle”
For those of you not any more familiar with physiology than Nanci Jo, in the heart, a ventricle is one of two large chambers that collect and expel blood received from an atrium towards the peripheral beds within the body and lungs I would guess that if your brain was pushed so hard as to crush your ventricle, have some pretty serious problems…..
It is an original Ponzi excuse though, I’ll give her that…
We, slap me silly,but I am informed that there is a ventricular system of the brain also. I only knew of the ones I learned about when I had a heart attack….so now we know.
Patrick, if you could, I would rather that post just be removed. Of course, if you want me to look as silly as I feel, that’s fine, too.
Consider yourself slapped silly. LOL!
Just remember Greg that you are never too old to learn and that the fork in the road goes down the same path just at a different pace and sometimes in a different direction.
look at the structure of a ponzi and look at a bank.
look at the structure of a ponzi and look at a casino.
The bank pays people on other peoples money. If everyone start pulling money out from banks it will crash… its not sustainable same structure.
casinos: people have to lose in order for someone to win. If everyone was winning the casino will crash…same structure.
My point: Because these two ponzi structures are legal by the authorities we dear not speak about them but when structures are formed like profitable sunrise and ASD with the same bank and casino structure; because they threaten the financial stability of banks; the authorities speak against them and we foolish people start making a big deal about it.
Furthermore I tell you the truth… the same very banks we trust will fail us just like what the citizen in Cyprus are facing because of ite ponzi structure.
I was wondering how long it would take for someone to introduce the situation in Cyprus as a rationalization for HYIP Ponzi schemes.
If you were in both Profitable Sunrise and ASD, I take it you didn’t learn from the ASD case and the fact Andy Bowdoin is in federal prison.
ASD was 1 percent a day; the Profitable Sunrise “Long Haul” was nearly THREE times that at 2.7 percent.
The other stuff you use to deflect from the issue that Profitable Sunrise was a five-alarm scam . . . well, let’s hope the money “Roman” gathered isn’t used to injure the United States. It’s already injured the unknowing investors.
Patrick
Ryan… you didn’t read the definition of “Ponzi.” Gambling, and known to be gambling by the participants, does not meet the definition of this type of scam.
When was the last time you saw a bank pretending to be anything but a bank ???
If you had attended school, you would have learned EXACTLY how a bank works and how it earns its’ money.
The fact a Volkswagen is “LIKE a Porsche and has certain similar characteristics does not make it a Porsche, anymore than a HYIP ponzi sharing some similarities with a bank or a casino make the HYIP anything but a fraud.
Yu Bluit: why are the banks in Cyprus had to shut down. If you watch the news carefully you will see that the banks close for one week to protect them selvs from possible collaspe.
This was done because the banks said they did not have enough money to cover that massive amount of withdraws and limit the amount to $260 per day. for crying out loud “this is people’s money.”
On top of that the bank made a proposal that everyone will LOSE %40 of their money for it to stay afloat which pissed of a Russian millionaire who will lose %40 of his money. Again banks are not sustainable if everyone starts pulling out.
My friends banks are a money game. I studied how banks started and why and it will make your head hurt. Banks have to “depend on new money from people” to meet their demands and obligations of loans and other promises that have to be met.
Your money never stays in a bank it has to go to meet other people obligations that’s why the bank have to stop lending at sometimes even though you have good credit… because when the federal regulators who audits the bank that see the outgo exceeding the amount of new money from customers coming in, it becomes a red flag and a possible collapse.
There is a lot of dirt inside these institution and a lot of cover ups.
In closing the purpose of a bank was to “hold your money not depend on it.”
And little round man: Go an study the money structure of banks and you will see why banks need new money coming in and you will see clearly if this money does not come in; the feds have to print to keep them afloat. It s a camouflage ponzi.
So says the sovereigns, right Ryan?
Err, faced with that kind of logic, there’s absolutely no point in continuing a discussion, really, is there ??
An interesting analogy, ryan, but, it doesn’t have a whole lot to do with HYIP ponzi FRAUD now does it ???
To a certain would-be poster:
You are not going to get in here with that IP and username. And, yes, I noticed the “ezechiel” thing with the email addy, too.
Patrick
umm, I’d like to think I have studied the money structure of banks (my doctorate is in the field and I once worked for one of the Federal Reserve Banks) and I can tell you know very little about it.
It appears they’ve put up another website…aprofitablesunrise dot com, however the join now links on the site are dead.
Chris, That’s a fake website
[…] Also see March 25 PP Blog post. […]
Any idea how we can get our money back
The first problem you’re going to face in your efforts, Marv, is identifying who has the money.
Secondly, no one really knows if “Roman Novak” even exists, and, if he does, where he is.
I am ashamed to say I listened to a guy I know convince me to invest and tell me this is a proven business model when all my instincts were telling me otherwise. I am an idiot. It only makes sense they opened it up to small investors because either the large investors dried up or the whole thing is bullshit. Think about how much this criminal got away with. The so called leaders are full of crap. they don’t have a clue who Roman is.
Whoever gave money, kiss it goodbye. Roman is a crook otherwise he would have come out and assured people everything is ok. There is no reason for his silence other than he ran with the money. I challenge anyone to come up with an explanation as to why he has disappeared! I guarantee you if he was legit he would be explaining because there are people that kill over a lot less so he knows his life is in danger but guess what he doesn’t care because noone knows this crook!!!
Once people start using Christianity to get you to invest run!!!!!!! Look at all the megachurch pastors they are masters at getting peoples money to live the high life.
Two or three month ago co-worker invest at profi…but I have no money for invest for power reason I try n try I cant get my goal now I know God was protecting me not lost my money, when I have money this happend this GURU did that wrong acction put his life at risk eternal life too Jesus Christ say: who ever use my name to make money from needy,poor,ling do not enter God Kindom will be throw the fire lake.???Now tell me how I contact in Houston Texas a member of a new invest and trust person is