PatrickPretty.com

Category: Alleged Ponzi Schemes

URGENT >> BULLETIN >> MOVING: AdSurfDaily Figure And Purported ‘Sovereign Citizen’ Kenneth Wayne Leaming Sentenced To 8 Years In Federal Prison

URGENT >> BULLETIN >> MOVING: (UPDATED 10:55 P.M. EDT U.S.A.) AdSurfDaily figure and purported “sovereign citizen” Kenneth Wayne Leaming has been sentenced to eight years in federal prison. His former business associate and fellow purported “sovereign” David Carroll Stephenson has been sentenced to 10 years. Stephenson already was serving prison time for a tax scam.…

May 24, 2013
Zeekers Targeted As Early Ponzi-Board Rift Develops Over Promo For ‘My Fun Life’; Lawsuits Involving Other MLMs Make Headlines

UPDATED 4:04 P.M. EDT (U.S.A.) It has been another miserable PR week for MLM. Some members of the alleged Zeek Rewards Ponzi- and pyramid scheme now are receiving over-the-top emails for an emerging travel-membership “program” known as “MyFunLife,” a source tells the PP Blog. Meanwhile, executives from a longstanding MLM company are suing each other…

May 24, 2013
RECOMMENDED VIEWING: ‘American Greed’ To Air Story On Trevor Cook Ponzi Scheme Tonight

“Talk Radio Takedown” from CNBC’s “American Greed” program is expected to air at 10 p.m. EDT today, after a National Hockey League playoff game concludes. Visit the CNBC site. Watch the teaser (part of which features the taped voice of one of Cook’s radio pitchmen and chief bloviators) . . . The Cook/Kiley Forex fraud…

May 23, 2013
UPDATE: Pushed To Profitable Sunrise Victims, Biwako Bank Limited Appears To Be DOA

UPDATE: The PP Blog wrote about Biwako Bank Limited on April 29 after it was touted on a Profitable Sunrise Facebook site as a good “program” for individuals ripped off in the alleged Profitable Sunrise pyramid scheme. But now Biwako Bank’s website has disappeared, with the “program” apparently following Profitable Sunrise into the darkness. “**THIS…

May 22, 2013
UPDATE: Sentencing For Legisi Pitchman Matthew John Gagnon Now Set For June 18

Sentencing for Legisi HYIP Ponzi scheme pitchman Matthew John Gagnon has been rescheduled for June 18. Gagnon initially was scheduled to be sentenced yesterday, federal prosecutors said earlier this month. Gagnon pleaded guilty to not disclosing he’d been paid more than $1 million by Legisi and operator Gregory N. McKnight to tout the “program” online.…

May 22, 2013
BULLETIN: Prosecutors Say AdSurfDaily Figure Kenneth Wayne Leaming Was Channeling Cop-Killer Christopher Dorner In Veiled Bid To Intimidate Law Enforcement

BULLETIN: Federal prosecutors in the Western District of Washington have asked Judge Ronald B. Leighton to sentence AdSurfDaily figure and purported “sovereign citizen” Kenneth Wayne Leaming to 10 years in federal prison, the maximum term under the law. Leaming, 57, of Spanaway, Wash., was found guilty March 1 on charges of filing false liens against…

May 20, 2013
Profitable Sunrise Facebook Site Changes Graphic To Promote ‘DollarsBluePrint,’ Which Triggers Security Warning

A Facebook site set up to promote the Profitable Sunrise HYIP scheme has changed the lead graphic on the page to drive traffic to a site known as “DollarsBluePrint” — apparently through a web entity known as “Big Idea Mastermind.” The previous lead graphic was a leftover from the fraud reign of Profitable Sunrise. The…

May 16, 2013
A BIG-BOAT PONZI: Man Wanted In Alleged California Ponzi/Securities-Fraud Caper Arrested In Florida; Edward Sellers Fitzgerald Charged With Ripping Off Senior Citizens, Others In Alleged ‘Yachts’ Swindle

A 60-year-old man wanted in Orange County, Calif., on multiple felony charges in an alleged securities swindle involving yachts was arrested last week by police in Delray Beach, Fla. Edward Sellers Fitzgerald was booked into the Palm Beach County Jail to await extradition by California authorities. If convicted of all counts, Fitzgerald faces 58 years…

May 15, 2013
Zeek Rewards Claims Portal Is Open

The claims portal for Zeek Rewards has opened on schedule. It is accessible through a “File a Claim” button on the website of the court-appointed receiver and also has a separate URL. Claims must be filed by 11:59 p.m. (prevailing Eastern time) on Sept. 5, 2013. A claims FAQ is accessible here. Senior U.S. District…

May 15, 2013
BULLETIN: Kansas Issues Cease-And-Desist Order To Profitable Sunrise; Document Names 2 Alleged Promoters, Including Nanci Jo Frazer; State Urges Investors To Contact Securities Commissioner

BULLETIN: The state of Kansas has issued a cease-and-desist order against the alleged Profitable Sunrise HYIP scheme, saying the “program” offered “gaudy” returns “of 1.6% to 2.7% on a daily basis.” In a statement, Kansas securities officials say the order names Florida resident David P. Cozzocrea as a Profitable Sunrise pitchman. Cozzocrea’s promo appeared on…

May 14, 2013
HORRIFYING: 13 Deaths Linked To West Bengal Ponzi Schemes, Hindustan Times Reports

The Hindustan Times, a newspaper in India, is reporting that 13 deaths have been linked to Ponzi schemes operating in the West Bengal region. The most recent death involved a man found hanging from a tree yesterday, the paper reported. “As many as 12 people have committed suicide, and a director of a Ponzi scheme…

May 14, 2013