Archive for March 2013

EDITOR’S NOTE: Ohio now has issued a warning on Profitable Sunrise, saying 15 other states also have issued warnings. Information from Ohio and other states has been added to the Comments thread below . . . BULLETIN: (UPDATED 2:01 P.M. EDT (U.S.A.) The state of Kentucky has issued an emergency cease-and-desist order to the Profitable […]

The Financial Markets Authority of New Zealand (FMA) has joined regulators in the United States, Canada and the United Kingdom in issuing a warning on the Profitable Sunrise HYIP “program.” New Zealand’s warning also extends to NJF Global Group, which appears to be a Profitable Sunrise recruitment organization operating from the United States. (More below.) […]

A new Pope has been elected. He is Jorge Mario Bergoglio of Argentina and will be known as Francis I. Francis is the first Pope from South America.

In a development that could give pause to promoters of the purportedly “private” Profitable Sunrise scheme now on the radar of regulators in North America and Europe, a Florida man has been sentenced to 10 years in federal prison for his role in pitching a purported “opportunity” known as Queen Shoals. The announcement of the […]

UPDATED 4:48 PM EDT (U.S.A.) British Columbia now also has issued a warning against Profitable Sunrise. See Comments thread below . . . First it was North Carolina in the United States. Alabama quickly followed. And the United Kingdom’s Financial Services Authority also issued a warning about the Profitable Sunrise “program.” Canada’s province of Alberta […]

BULLETIN: Jeffrey Allen Wright, a purported “sovereign citizen” wanted on arrest warrants for counterfeiting, was shot and killed March 8 after pointing a pistol at a Sheriff’s SWAT Team in Navarre, Fla., the Santa Rosa County Sheriff’s Office said. Wright, 55, had previous clashes with the Sheriff’s Office, the agency said. From a statement by […]

BULLETIN: The Alberta Securities Commission (ASC) has issued a warning on the Profitable Sunrise “program.” The Canadian agency’s move followed on the heels of reports from First Calgary Financial that “several of its Calgary customers have attempted to withdraw significant amounts of funds from their accounts for wire transfers to the Czech Republic,” ASC said. […]

BULLETIN: The Financial Services Authority (FSA) of the United Kingdom has placed the Profitable Sunrise “program” on a warning list of “unauthorised firms and individuals.” Profitable Sunrise also is under scrutiny by American regulators in North Carolina and Alabama. The HYIP “program” purportedly is operated by Roman Novak. Separately, the New Zealand Herald is reporting […]

DEVELOPING STORY: It is early and facts remain unclear. What’s known, according to local news reports, is that the FBI notified local police in the area of Chester County in southeastern Pennsylvania that agents would be operating in the region. Late yesterday  — sometime after 11 p.m. while some residents were sleeping — explosions were […]

UPDATED AT 10:40 A.M. ET (U.S.A.) A member of the “Banners Broker” program tells The Bristol Post that he used a prepaid Banners Broker MasterCard at a NatWest ATM to withdraw £600 and that a counterfeit £20 note was in the stack of cash dispensed by the machine. The plan, Paul Scoplin reportedly told the […]

RECOMMENDED READING: From the Salt Lake Tribune: http://www.sltrib.com/sltrib/money/55960572-79/johnson-works-attorney-swallow.html.csp Also see Deseret News story and AP report in the San Francisco Chronicle.