PatrickPretty.com

Category: Alleged Ponzi Schemes

INetGlobal, AdPacs Websites Offline; Acesse.com, Associated Search Site, Has Limited Functionality

UPDATED 2:24 P.M. ET (U.S.A.) If you’re wanting to visit Steve Renner’s INetGlobal.com and AdPacs.com sites, at the moment you’ll land on pages that say “InetGlobal is currently down for maintenance. We’ll to (sic) be back by 12:00pm CST.” The message on InetGlobal.com and AdPacs.com has been in place for at least three hours and,…

Mar 12, 2010
Is A New Company Known As RGMG Emerging To Promote Elements Of Inter-Mark Corp. In Wake Of Secret Service Raid At INetGlobal Amid Ponzi Allegations?

UPDATED 5:43 P.M. ET (U.S.A., Jan. 20, 2011.) On Feb. 23, the U.S. Secret Service raided the Minneapolis offices of INetGlobal, a company operated by Steve Renner under the Inter-Mark Corp. umbrella. The raid occurred amid allegations that INetGlobal was operating an autosurf Ponzi scheme and also engaging in wire fraud and money-laundering. A week…

Mar 9, 2010
AdSurfDaily’s Bowdoin Says He’s Appealing Forfeiture Order Issued By Federal Judge; Notice Filed 6 Days After INetGlobal Raid; Riddle Of Bowdoin’s Competing Affidavit Claims Unsolved

The president of a Florida-based autosurf company implicated in a Ponzi scheme by the U.S. Secret Service says he is appealing a forfeiture order that gave the government title to more than $65 million seized from his personal bank accounts in 2008. Notice of the appeal by Andy Bowdoin of AdSurfDaily was filed by his…

Mar 9, 2010
Timeline Suggests INetGlobal Was Pounding Clickbank Vendors With Traffic From China In Months Proceeding Raid While Sucking Bandwidth And Destroying Conversion Stats

EDITOR’S NOTE: Untargeted, unfocused traffic and participants who did not have websites to advertise are two of the issues in the AdSurfDaily autosurf Ponzi scheme case. They also are issues in the INetGlobal case. UPDATED 8:20 A.M. ET (March 10, U.S.A.) Public records and other information suggest INetGlobal was becoming largely dependent on cash from…

Mar 8, 2010
Website Of Spokesman For Renner Entity Claims Government ‘Leaking’ Info To PP Blog About INetGlobal Ponzi Probe; ‘Didn’t Happen — Ever,’ Blog Says; Meanwhile, A Bogus ‘Apology’ Claim

UPDATED 2:20 P.M. ET (U.S.A.) Did people associated with a company implicated by the U.S. Secret Service in a Ponzi scheme, wire-fraud and money-laundering case participate in a misinformation campaign? A Twitter website with a tie to the Inter-Mark companies operated by Steve Renner claims that federal officials are “leaking” information to the PP Blog.…

Mar 7, 2010
A PONZI MYSTERY: Trevor Cook’s Faberge Eggs, Iraqi Dinars Missing; Appraiser Braves Elements, Accesses Cook’s Frozen Island Retreat In Canada By Snowmobile

It’s starting to read like Ian Fleming fare, something straight out of James Bond and “Octopussy.” R.J. Zayed, the receiver in the alleged Trevor Cook/Pat Kiley Ponzi scheme in Minnesota, says he did not find Cook’s collection of Faberge eggs when, armed with a court order, he searched Cook’s home in Apple Valley. The precise…

Mar 5, 2010
Spokesman For Renner-Related Company Did Not Disclose Tie In Opinion Piece That Attacked Star-Tribune Newspaper; Name Is Referenced In Secret Service Affidavit; Declines To Answer Questions From PP Blog

UPDATED 2:25 P.M. ET (March 2, U.S.A.) The vice president and director of public relations for V-Newswire — a company in Steve Renner’s INetGlobal family — authored an opinion piece lambasting a Minnesota newspaper’s coverage of a Secret Service raid at INetGlobal’s Minneapolis offices last week on his personal Blog, but did not disclose his…

Mar 1, 2010
DEVELOPING STORY: Blogger In Czech Republic Who Called INetGlobal A ‘Scam’ Last Summer Says She Was Threatened With Lawsuit; Blogger’s Name Means ‘Prophetess’ Or ‘Oracle’

EDITOR’S NOTE: Sybille Yates, the subject of the story below, contacted the PP Blog Feb. 26 and Feb. 27Â from an IP in the Czech Republic, after reading our coverage of the Ponzi scheme allegations against INetGlobal. The PP Blog asked Yates questions in follow-up emails, and this story is based on her responses and…

Feb 28, 2010
BBB ‘Remains Concerned,’ Still Has Questions About Narc That Car After Firm Says Only 1 Percent Of Commissions Stems From Sale Of Data To Third Parties

Narc That Car has told the Dallas Better Business Bureau that only “1% of total commissions paid out to independent consultants are for the sale of license plate information to third parties,” the BBB said today. That 1 percent, which Narc That Car referred to as “client share,” is the “only repeatable form of compensation…

Feb 26, 2010
BULLETIN: CFTC Shuts Down Alleged Ponzi Scheme That Pitched Itself On YouTube; Ronald W. Smith Jr. Charged With Operating Forex Fraud; Judge Orders Video To Be Preserved

In a case that may spread a chill among fraudsters who use YouTube to promote bogus money-making schemes, the Commodity Futures Trading Commission (CFTC) has charged a Virginia man with fraud. Ronald W. Smith Jr. of Vansant used a YouTube video to promote a Forex Ponzi scheme that gathered more than $800,000 from 34 investors,…

Feb 26, 2010
SECRET SERVICE: INetGlobal Forced Members To Keep Money In The Company With ‘Automatic Repurchasing’ Scheme; Undercover Agent Sent Email To Support, Which Verified Repurchase Was Mandatory

UPDATED 11:07 A.M. ET (U.S.A.) One of the undercover Secret Service agents who joined INetGlobal discovered that the company had implemented an “automatic repurchasing” program by default and that the program could not be switched off, thus distancing participants — many of whom may not have understood English — from their money. Although it is…

Feb 26, 2010