Category: Alleged Ponzi Schemes
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URGENT >> BULLETIN >> MOVING: Zeek Receiver Sues MLM Attorney Gerald Nehra
URGENT >> BULLETIN >> MOVING: (7th Update 8:33 p.m. EDT U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case has sued MLM attorney Gerald Nehra and his law firm and law partner. Named defendants are Nehra as an individual and as a member of the Nehra and Waak law firm of Michigan,…
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Banks Should Have Googled Daniel Fernandes Rojo Filho, Attorney Tells Bloomberg Business
The lede in a story this morning by Neil Weinberg of Bloomberg Business: “The U.S. requires banks to know their customers. Looks like several big ones, including Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co., may have missed getting acquainted with Daniel Fernandes Rojo Filho.” Here’s a link to the story, titled…
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PICTURE STORY: Attempted Candle-Snuffing
The PP Blog writes about Ponzi schemes, pyramid schemes, securities fraud, cross-border scams (transnational crime) and issues pertaining to economic and national security. This Blog has been here for you since 2008, through 2,738 articles. The graphic below shows blocked malicious login attempts here over just the past small handful of months. Be it random bots…
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2 Of 3 Wire-Fraud Counts Against DFRF’s Filho Pertain To YouTube Videos; Feds Busy With Search Warrants
EDITOR’S NOTE: See related story yesterday. Pitching your HYIP fraud scheme on YouTube and deceiving your audience en masse? You might need a good attorney: Two of the three wire-fraud counts against alleged DFRF Enterprises operator Daniel Fernandes Rojo Filho pertain to YouTube pitches. One, allegedly uploaded on Oct. 20, 2014, is titled “Primeiro Evento…
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BRIEF: DFRF’s Daniel Fernandes Rojo Filho Indicted; Feds Establish Victims’ Page
Federal criminal prosecutors in the office of U.S. Attorney Carmen M. Ortiz of the District of Massachusetts have moved to stay discovery in the SEC’s civil case against DFRF Enterprises and alleged Ponzi- and pyramid-scheme operator Daniel Fernandes Rojo Filho. Initially charged in July 2015 via criminal complaint with wire fraud, Filho was indicted by…
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BULLETIN: SEC Calls U.S. Fine Investment Arts Inc. (USFIA) A ‘Worldwide Pyramid Scheme’ Tied To ‘Gemcoins’
BULLETIN: (7th update 3:26 p.m. EDT U.S.A.) An SEC complaint against USFIA Inc. first reported on Tuesday by the Sierra Madre Tattler and BehindMLM.com now has become public, with the SEC calling the venture a “worldwide pyramid scheme” that gathered on the order of $32 million while claiming it was backed by amber mines and duping…
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NEW STANDARD FOR MLM DISINGENUOUSNESS: Words DON’T Mean Things
Has a globetrotting serial huckster facing a civil-contempt proceeding in the SEC’s pyramid- and Ponzi case against TelexFree, key executives and promoters set the new standard for vomitous MLM? Accused of repeatedly violating U.S. court orders, Brazil native, TelexFree promoter and two-time accused securities fraudster Sann Rodrigues now effectively is hoping to convince a federal judge that spoken words don’t mean things.…
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BULLETIN: Class-Action Proposed Against 20,000 Alleged TelexFree Winners — With MAPS Pitchman As Lead Defendant
BULLETIN: Class-action attorney Robert J. Bonsignore has asked a federal judge for permission to file a third amended consolidated complaint that effectively would sue at least 20,000 “net winners” in the TelexFree scheme shut down by the SEC last year. The proposal would name alleged TelexFree promoter Daniil Shoyfer the lead class-action defendant, effectively making…
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TelexFree Members In Massachusetts Get Payout From Bank Fund
About 14,000 TelexFree members in Massachusetts have received a payout from a $3.5 million fund set up last year as a result of a settlement between the state Securities Division and Fidelity Co-Operative Bank, the office of Commonwealth Secretary William Galvin said today. “While this money does not make the TelexFREE victims whole, the distribution does…