UPDATE: Pushed To Profitable Sunrise Victims, Biwako Bank Limited Appears To Be DOA

UPDATE: The PP Blog wrote about Biwako Bank Limited on April 29 after it was touted on a Profitable Sunrise Facebook site as a good “program” for individuals ripped off in the alleged Profitable Sunrise pyramid scheme.

But now Biwako Bank’s website has disappeared, with the “program” apparently following Profitable Sunrise into the darkness.

“**THIS IS NOT AN HYIP , THIS IS A BANK**” a pitchman bizarrely claimed about Biwako on the Profitable Sunrise Facebook site last month. The program curiously said it hoped to attract “costumers.”

The non-HYIP claim was made despite the fact Biwako Bank listed four color-coded “plans” that purported to provide daily payouts of between 1.95 percent and 3.05 percent.  The highest-paying plan — the “Red Plan” at 3.05 percent a day — advertised a percentage even higher than the purported “Long Haul” plan of Profitable Sunrise.

The “Long Haul” plan claimed to pay 2.7 percent a day.

In April, the SEC alleged that Profitable Sunrise was a pyramid scheme that may have gathered tens of millions of dollars at least in part by using offshore companies and wire transfers.

Regulators have repeatedly warned about reload scams targeted at victims of fraud schemes. Like Profitable Sunrise, Biwako had a presence on the TalkGold and MoneyMakerGroup forums. So did Zeek Rewards, which the SEC described in August 2012 as a $600 million Ponzi- and pyramid scheme.

Biwako’s haul is unknown.

Other reload programs promoted on the Facebook site by boat-sharks include (at least) “SuperWithdraw,” “Whos12,” “Maxi-Cash,” “FairyFunds,” “Roxilia,” “OptiEarn,” “AVVGlobal,” “ProForexUnion,” “MajestiCrown” and “TelexFree.”