Month: December 2014
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URGENT >> BULLETIN >> MOVING: Court Denies Zeek Winners’ Motions To Dismiss Clawback Actions, Upholds Jurisdiction
URGENT >> BULLETIN >> MOVING: (3rd Update 10:03 a.m. ET Dec. 10 U.S.A.) The federal judge presiding over clawback cases against alleged Zeek Rewards “winners” has dismissed jurisdictional challenges and a claim by the winners that Zeek was not selling securities under the Howey Test. The rulings mean that clawback claims seeking millions of dollars…
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URGENT >> BULLETIN >> MOVING: eAdGear Figures Indicted In California On Conspiracy Charge Of Structuring Transactions To Evade Bank-Reporting Requirements
4TH UPDATE 3:44 P.M. ET U.S.A. Before the SEC announced its civil pyramid- and Ponzi-scheme case on Sept. 26 against eAdGear figures Charles Wang and Francis Yuen, the pair had been indicted on a criminal charge in U.S. District Court for the Northern District of California, the PP Blog has learned. Docket records show the…
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BULLETIN: Terrorism In UAE: Abu Dhabi Security Forces Arrest ‘Ghost’ Suspect In Fatal Attack On American Teacher, Say They’ve Found Evidence Of Bomb Plot Targeted At Egyptian-American Doctor; Government Reportedly On ‘Highest Levels Of Alert’
BULLETIN: (Updated 10:41 a.m. ET U.S.A.) Police and security forces in the United Arab Emirates have arrested a suspect in the fatal knife attack Monday against a Hungarian-American schoolteacher and say the suspect also planted a bomb outside the residence of an Egyptian-American doctor. The bomb allegedly targeted the male doctor, his wife and three…
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BULLETIN: U.S. Kindergarten Teacher Killed In Mall Restroom In Abu Dhabi Month After Jihadist Advisory By U.S. Embassy; Suspect Described As ‘Ghost’
BULLETIN: A 37-year-old American kindergarten teacher and mother of 11-year-old twins died in a hospital Monday after being stabbed in a Reem Island mall restroom in Abu Dhabi, the capital of the Abu Dhabi emirate in the United Arab Emirates. The attack followed an Oct. 29 warning by the U.S. Embassy “of a recent anonymous…
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UPDATE: Bromide-Fest, Ripped Music Soundtrack From ‘Celtic Woman’ Mark Apparent Return Of ‘The Achieve Community’
“The Achieve Community” money-cycler train wreck has announced it’s back on the rails (sort of) and will relaunch today (sort of), after losing its payment processor last month. The asserted relaunch is occurring on the heels of multiple warnings from regulators about scams spreading on social media. It’s also occurring against the backdrop of allegations…
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BULLETIN: Italian Securities Regulator CONSOB Issues Warning On ‘TureProfit,’ HYIP That Claims It Accepts Sums From $10 to $500,000
BULLETIN: CONSOB, the Italian securities regulator, has issued a warning and suspended the trading of an HYIP “program” known as TureProfit that appears to be operating as both a macro- and a microscam while using the name of Bitcoin. On its English website in a prompt dated Aug. 17, 2014, TureProfit purports it has “gained…
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PonziTracker.com Gets ABA Journal Nod As ‘Top 100’ Blog
ABAJournal.com, the website of the prestigious flagship magazine of the American Bar Association, has named PonziTracker.com to the “Blawg 100” for a second time. PonziTracker.com is published by attorney Jordan Maglich. “Ponzitracker is honored to be included in the Blawg 100,” Maglich says on the Blog. The Top 100 selection was made from a list…