REPORT: TelexFree Diverted $88 Million After Brazilian Judge Blocked Payments
UPDATED 1:04 P.M. (JULY 5, U.S.A.) Quoting a prosecutor, the website of iG — a Brazilian communications provider — is reporting that the TelexFree MLM “program” allegedly diverted $88 million after a judge in the state of Acre blocked payments as a pyramid-scheme probe got under way last month. TelexFree also operates in the United […]
Law Firm’s Name Used In Bid To Dupe Members Of Banners Broker, Profit Clicking, MLM Attorney Says
UPDATED 11:28 P.M. EDT (U.S.A.) Scammers have used the names of government agencies and famous businesses in bids to dupe the public. Now, the name of a well-known MLM law firm appears to have been used for the same purpose. Attorney Kevin Thompson published a Blog post today that warns of a bogus Banners Broker/Profit […]
BULLETIN: SEC Backs Legisi Receiver’s Bid To Pursue E-Bullion Cash
BULLETIN: The SEC has asked a federal judge to permit the receiver in the Legisi HYIP Ponzi-scheme case to pursue funds tied up after the arrest of James Fayed, the operator of the e-Bullion payment processor. Fayed was convicted in 2011 of ordering the murder of his wife, a potential witness against him. Pamela Fayed […]
Judge Calls Ponzi Schemer Who Raised Conspiracy Theory His Attorney Was Working With The Government A Liar, Sentences Him To 16 Years In Federal Prison
Anthony Vassallo pulled a page from Ponzi schemer Andy Bowdoin’s playbook when he advanced a conspiracy theory that his own defense counsel was working with the government to sell him down the river. It didn’t work for Bowdoin, the 78-year old recidivist securities fraudster now serving a 78-month prison term after claiming he’d been “hoodwinked” […]
Zeekers Share Their Conspiracy Theories At Newspaper Site
The Dispatch of Lexington, N.C., published a story June 7 to update readers on Zeek Rewards-related litigation — specifically the date of a hearing on a motion by certain Zeek members (alleged net winners) to dissolve the receivership. (See link to story/Comments below.) As of this morning, about 27 comments appear below the story. The […]
BULLETIN: Legisi Receiver Goes After E-Bullion Assets Tied Up After Grisly California Murder; Robert D. Gordon Says More Than 85 Percent Of Funds Directed At HYIP Flowed Through Shuttered Processor
UPDATED 5:08 P.M. EDT (U.S.A.) How dangerous and bereft is HYIP Ponzi Land? More than 85 percent of the $72.6 million directed at the Legisi HYIP Ponzi scheme before its May 2008 collapse flowed through the now-shuttered e-Bullion payment processor operated by convicted murderer James Michael Fayed, according to the court-appointed receiver in the Legisi […]
Global Corporate Alliance, Dallas-Based Medical Insurance Firm, Allegedly Was $10 Million Ponzi Scheme; Operators Charged Civilly, Criminally; Purported Opportunity Tried To Build Street Cred By Tying Itself To Racing Sponsor
Global Corporate Alliance (GCA) was not an MLM or HYIP firm. Even so, some of the allegations against the Dallas-based company read like U.S. government complaints filed against Zeek Rewards, Profitable Sunrise and AdSurfDaily. Perhaps most notable is the SEC’s allegation that GCA had no underlying profitable business through which it generated payments to investors, […]
Raymond Leo Jarlik Bell, 70-Year-Old Purported ‘Sovereign Citizen’ Linked To AdSurfDaily Figure Kenneth Wayne Leaming, Sentenced To More Than 8 Years In Federal Prison
Raymond Leo Jarlik Bell, a 70-year-old purported “sovereign citizen” linked to AdSurfDaily figure Kenneth Wayne Leaming, has been sentenced to 97 months in federal prison for a tax scam. In July 2011, federal agents found records of bogus liens filed by Leaming against public officials while executing a search warrant at Jarlik Bell’s residence in […]
ASD Updates Blog Experiencing Outage; [UPDATE: Now Back Online]
UPDATED 8:28 P.M. EDT (U.S.A.) The ASD Updates Blog is back online. Our earlier story is below . . . The ASD Updates Blog is experiencing an outage that is preventing the Blog from publishing and sending/responding to email, its publisher said today. The outage has been described as a “net related problem.” ASD Updates […]
BBC HOST: ‘We Have An Idiot On The Program Today’ — And It’s Alex Jones
HYIP apologists dating back (at least) to the AdSurfDaily Ponzi scheme in 2008 ($119 million) have bizarrely sought to defend their favorite scams by steering discussions off the track. Why talk about the recidivist securities felon who presided over ASD (Andy Bowdoin), for instance, when the “real menace” is the Bilderberg Group? And, hey, since […]
‘Felmina Alliance,’ Another Ponzi-Board ‘Program’ Pushed By ‘Ken Russo,’ Appears To Be DOA
Felmina Alliance, another in a long line of HYIP “programs” pushed on the Ponzi boards by serial huckster “Ken Russo,” appears to be DOA. “Ken Russo” also is known as “DRdave.” His record in promoting scams, pooh-poohing or ignoring regulatory actions and engaging in willful blindness may be unparalleled. Regulators in the United States and […]