Nathaniel Woods Plants Seed That Zeek Receiver Issued ‘Bogus Subpoena’ And Committed Felony; Claims Reminiscent Of Assertions Made In AdSurfDaily Ponzi Case
UPDATED 5 P.M. ET (U.S.A.) Various members of the Florida-based AdSurfDaily 1-percent-a-day Ponzi scheme advanced various theories that judges, prosecutors and investigators committed various felonies during the course of the probe and follow-up actions in court. The claims were absurd on their face and, when the arguments were rejected, they were replaced by conspiracy theories. […]
BULLETIN: SEC: Purported ‘Trust’ Was $15 Million Prime-Bank Ponzi Swindle Operated By Two 70-Year-Olds; 1 Of The Accused Hucksters Has Prior Conviction For Trafficking Cocaine; Investors Were Told ‘Department Of Homeland Security’ Was A Customer And That The Devil Was Behind The Adage, ‘If It Sounds Too Good To Be True . . .”
EDITOR’S NOTE: They don’t come any weirder than prime-bank swindles — and this one is one of the strangest we’ve ever reported on. UPDATED 8:19 A.M. ET (NOV. 20, U.S.A.) Two individuals — both now 70 — conducted a prime-bank Ponzi swindle known as “the Trust” since at least 2004, the SEC said late this […]
SPECIAL REPORT: AdSurfDaily/Zeek Pitchman Todd Disner Gave Thousands To Gingrich, Romney After Soliciting Money To Sue The United States; Records Show Tax Liens Of More Than $405,000 Dating Back To 1999
EDITOR’S NOTE: ASD was a multilevel-marketing scheme that planted the seed it paid a return of 1 percent a day on top of two-tiered affiliate commissions totaling 15 percent for recruiters. Federal prosecutors described the purported “opportunity” as a Ponzi scheme based in the the small town of Quincy, Fla., and operated by recidivist securities […]
VIDEO LINK: In Panel Discussion, MLM Aficionado Len Clements Describes Zeek As Pyramid Scheme And SEC Action As ‘Righteous Kill’; Attorneys Comment On Where Receivership May Be Going
MLM attorney Kevin Thompson hosted the panel yesterday. (See video below.) Panelists included attorney Jordan D. Maglich, attorney Phillip G. Young Jr., attorney (and Thompson partner) Walt Burton, Troy Dooly of MLMHelpDesk and Len Clements of Market Wave. Maglich, Young and Burton offered some helpful commentary on where the Zeek receivership may be going. Clements […]
DEVELOPING STORY: Zeek Winners Begin To Receive Subpoenas
The PP Blog has received a report that some members of Zeek have received subpoenas issued by the court-appointed receiver in the Zeek Rewards Ponzi scheme case. The SEC alleged in August that Zeek was a $600 million Ponzi and pyramid scheme operated by Paul R. Burks and Rex Venture Group LLC. Receiver Kenneth B. […]
UPDATE: As Proposed Money-Saving Measure, Zeek Receiver Asks Judge To Treat Oct. 8 Preliminary Liquidation Plan As Status Report; Meanwhile, Yet Another Zeek Member Declares Herself A Fraud Victim
UPDATED 8:26 A.M. EDT (OCT. 31, U.S.A.) Saying it would save money, the court-appointed receiver in the Zeek Rewards Ponzi scheme case has asked a federal judge to treat the receiver’s Oct. 8 preliminary liquidation plan as a status report. (See Oct. 9 PP Blog story.) Separately, yet another Zeek member has declared herself a […]
[OCTOBER DONATION POST]: PP Blog At Risk Of Suspending Publication, Owing To Lack Of Funds
Dear Readers, UPDATED 1:33 P.M. EDT (OCT. 25, U.S.A.) Please note: This post originally was published Saturday (Sept. 29) in this spot and has been republished several other times here. We changed the headline because the need has become dire and the absence of funds puts the Blog at risk of suspending publication by Oct. […]
AdSurfDaily Figures Todd Disner, Dwight Owen Schweitzer Appeal Lawsuit Dismissal
AdSurfDaily figures Todd Disner and Dwight Owen Schweitzer — later to become pitchmen for the alleged Zeek Rewards Ponzi scheme — have appealed the dismissal of their ASD-related lawsuit. In August, U.S. District Judge Rosemary Collyer dismissed claims by the ASD duo that their 4th Amendment rights had been violated when ASD computer records were […]
$250 Million-Plus Ponzi ‘Arbitrage’ Scheme In South Africa Allegedly Led To Murder/Suicide; A ‘Tangled Web Of Close Corporations, Trusts And Offshore Bank Accounts’
MoneyWeb has the story of Relative Value Arbitrage Fund (RVAF), an alleged massive Ponzi scheme in South Africa in which Herman Pretorius shot and killed a business partner in July and then shot and killed himself. The scheme appears to have gathered R2.2bn, the equivalent of more than $250 million (U.S.). From Julius Cobbett at […]
ASD Figure Kenneth Wayne Leaming’s Birther Lawsuit Against Obama, Holder Gets Tossed
After he was charged with filing false liens and other crimes and jailed near Seattle, AdSurfDaily story figure and purported “sovereign citizen” Kenneth Wayne Leaming apparently thought it prudent to sue President Obama and U.S. Attorney General Eric Holder. Leaming, 56, advanced a theory that Obama was not born in the United States, was not […]
BULLETIN: AdSurfDaily Figure Kenneth Wayne Leaming Was Founder Of ‘Sovereign Group’s Armed Enforcement Wing’ And Had ‘Assault Rifle’ With Bayonet At Time Of Arrest, Prosecutors Say; Probe Was Part Of Deeper Investigation Into ‘Sovereign Citizens’ Operating Nationally Through Washington State
BULLETIN: The November 2011 arrest by the FBI of Kenneth Wayne Leaming was part of a deeper probe into the activities of a “national” group of “sovereign citizens” operating in the Pacific Northwest, new court filings by federal prosecutors in the Western District of Washington reveal. “Local jurisdictions alerted federal law enforcement that they had […]