Month: December 2014
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IRONY: Scheme Whose Actual Name Is ‘PlanB’ Tackled By European Authorities
One of the core signatures of an HYIP scam is highlighted when a “program” is presented as a “Plan B,” typically in the context of creating “multiple income streams” or “in case Plan A fails, you’d better have a “Plan B.” Zeek Rewards A-lister Keith Laggos gushed about Lyoness, his “Plan B” program. Zeek collapsed…
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BULLETIN: Extraordinary Drama Playing Out In Zeekland; Credit-Card Processor Says It Has Been ‘Rendered Insolvent’ Through Misconduct Of Paul Burks And Rex Venture Group
BULLETIN: (8th Update 10:09 p.m. ET Dec. 18 U.S.A.) Payment vendor for a Ponzi-board “program?” More than two years after the shutdown of Zeek Rewards by the SEC, Plastic Cash International, a credit-card processor and would-be debit-card vendor for Zeek, said it has been “rendered insolvent as a result of the misconduct of [Rex Venture…
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UPDATE: Competing Cycler Advertised Inside ‘Achieve Community’ Forum Collapsed At Launch Yesterday
UPDATED 2:12 P.M. ET U.S.A. A competing cycler advertised inside the supposedly private “Achieve Community” forum and promoted on the MoneyMakerGroup forum collapsed at launch yesterday, triggering a classic uproar among willfully blind Ponzi-board scammers. The name of the cycler is Cycles 24/7. The PP Blog learned of the “program” only because Achieve promoter Mike…
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URGENT >> BULLETIN >> MOVING: Nicholas Smirnow, Pathway To Prosperity HYIP Ponzi Figure, Arrested At Airport In Canada
URGENT >> BULLETIN >> MOVING: (6th update 9:35 p.m. ET U.S.A.) Nicholas Smirnow, still listed by INTERPOL as a person wanted by the United States in the alleged Pathway To Prosperity (P2P) HYIP Ponzi scheme that affected people in 120 countries, has been arrested at Toronto’s Pearson International Airport, Canadian media outlets are reporting. U.S.…
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BOSTON GLOBE: 60,000 TelexFree Victims In South Africa Alone, Lawyer Tells Trustee; 2 Million Across The World, 1.3 BILLION Customer Transactions
Meet the man tasked with paying out claims to victims of the alleged TelexFree scam. http://t.co/pzwszb8ky0 pic.twitter.com/7tkqlh8mRD — The Boston Globe (@BostonGlobe) December 16, 2014 The Boston Globe is reporting today that TelexFree bankruptcy trustee Stephen Darr has been told that 60,000 victims of the alleged MLM Ponzi- and pyramid scheme exist in South Africa…
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2nd Major Manhunt Since September Now Under Way In Pennsylvania; Former Marine Reservist Suspected In Rampage Killings Of Ex-Wife And Her Loved Ones
UPDATED 12:34 P.M. ET U.S.A. Police in the Greater Philadelphia region of Montgomery County are seeking Bradley William Stone, a 35-year-old former Marine reservist believed to have killed six people in a rampage shooting spree yesterday. The victims were his ex-wife and five of her family members, including her mother, grandmother, sister, brother-in-law and niece,…
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BULLETIN: Judge Freezes Property Owned By Mother Of WCM777 Ponzi Figure Ming Xu
BULLETIN: A federal judge has frozen real estate in California owned by the mother of accused WCM777 MLM Ponzi schemer Ming Xu. U.S. District Judge John F. Walter of the Central District of California took the action today after court-appointed receiver Krista. L. Freitag alleged Friday that the $730,000 used to purchase the San Gabriel…
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FEDS: Liberty Reserve Figure Mark Marmilev Shilled On TalkGold Ponzi Forum And Also Hired Shills To Do So; Memo Speaks To Vast Wasteland Of Online Criminality
Mark Marmilev, the technology specialist for the cross-border Liberty Reserve money-laundering operation favored by HYIP scammers and other criminals before its May 2013 collapse, shilled on the TalkGold Ponzi forum, U.S. federal prosecutors said in a sentencing memo. Marmilev, 35, of Brooklyn, N.Y., also hired forum shills and separately tried to hatch an SEO scheme…
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SPECIAL REPORT: We’re Like ‘A Ride At Disney World,’ Achieve Community Cycler Bizarrely Claims
UPDATED 11:39 A.M. ET DEC. 12 U.S.A. In its latest effort to expand its reality-distortion field, “The Achieve Community” money-cycling “program” that tells prospects a $50 “position” increases by a factor of eight and turns into $400 in a few months (or even in as few as 55 days) has compared itself to The Walt…