Category: Alleged Ponzi Schemes
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FOR SPANISH-SPEAKERS: Telemundo 39 (Dallas) Report On WCM777
Here is a link to a Telemundo 39 (Dallas) report on the WCM777 “program.” Link. The unofficial total of jurisdictions or regulatory agencies filing actions or issuing Investor Alerts against WCM777 stands at seven: The country of Peru, the state of Massachusetts, the state of California, the state of Colorado, the state of Louisiana, the…
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UPDATE: Alleged ‘PhoneCard USA’ Ponzi Schemer Once Arrested In Brazil On Narcotics Charges Now Charged In United States With Possessing ‘Improvised Explosive Devices’
Istvan Merchenthaler, the U.S.-based alleged “PhoneCard USA” Ponzi schemer who reportedly was arrested on narcotics-trafficking charges in Brazil a decade ago and later was linked to pipe bombs found in Pennsylvania and North Carolina, has been indicted on charges of possessing “approximately 60 plastic PVC pipe improvised explosive devices” plus “approximately 400 cardboard tube IEDs,…
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Hawaii Prosecutor Says ‘Women’s Gifting Circles’ Pyramid Scheme Operating In State — Plus, Update On ‘Blessing Gold Club’
“Women’s Gifting Circles” or “Women Empowering Women Circles” pyramid schemes are operating in Hawaii, said Kauai Prosecuting Attorney Justin F. Kollar. “These schemes are marketed as a way to entice women through a tiered investment model, often using language that speaks in terms of ‘empowering’ women spiritually or financially,” Kollar said. “The people at the…
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BULLETIN: California Asks Residents Who Bought Into WCM777 To Contact Department Of Business Oversight ‘Immediately’; State Says Thousands Of Locals Bought Into Scam
BULLETIN: (UPDATED 6:38 P.M. ET U.S.A.) The state of California, which last month issued a Desist and Refrain order against the WCM777 MLM “program” and called it an “investment scam,” now is asking residents who invested in WCM777 to contact the Department of Business Oversight “immediately.” At least 5,500 Californians plowed money into the scheme,…
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REPORTS: Authorities In Brazil Have Isolated Computer Allegedly Used In Ghastly Campaign Against Prosecutor Involved In TelexFree Pyramid Case
There are reports in Brazilian media tonight that authorities may be on the cusp of identifying the person responsible for using Facebook in a ghastly campaign to menace a prosecutor involved in the TelexFree pyramid-scheme probe. Quoting investigators in the state of Acre, Globo.com is reporting that authorities have isolated the computer used in the…
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UPDATE: 2 Key Figures In Zeek Case Will Be Under Supervision Of U.S. Probation Office While Out On Bond
In an update to victims of the $850 million Zeek Rewards Ponzi scheme, federal prosecutors said Dawn Wright-Olivares and Daniel Olivares will be under the supervision of the U.S. Probation Office while out on bond. Wright-Olivares, 45, was Zeek’s former COO. She pleaded guilty last week to investment-fraud conspiracy and tax-fraud conspiracy. Daniel Olivares, the…