BULLETIN: ‘TeamVinh,’ A Ponzi-Board ‘Program,’ Charged By SEC
BULLETIN: (8th Update 3:34 p.m. ET U.SA.) The SEC has gone to federal court in Minnesota, alleging that an enterprise known as “TeamVinh” that pushed something called “VPAKs” was operating a securities-fraud scheme targeted at MLMers. TeamVinh, which allegedly recruited more than 5,600 participants, has a presence on the Ponzi boards, including MoneyMakerGroup and TalkGold. Recent chatter suggests the […]
U.S. Tweaks National Terrorism Advisory System, Issues First ‘Bulletin’
The U.S. Department of Homeland Security has issued a terror “Bulletin.” The issuance coincides with an update to the National Terrorism Advisory System (NTAS). A “Bulletin” describes “general developments or trends regarding threats of terrorism,” DHS Secretary Jeh Johnson said today. Two other advisory levels exist: An “Elevated Alert” warns “of a credible terrorism threat against the United […]
DEVELOPING STORY: Proposed Settlement Agreement With Zeek Receiver May Wipe Out MLM Attorneys And Law Firm
DEVELOPING STORY: (5th Update 8:18 p.m. ET U.S.A.) MLM attorneys Gerald Nehra and Richard Waak will sign a confession of judgment for a whopping $100 million and acknowledge that Zeek parent Rex Venture Group “in fact operated an unlawful Ponzi and pyramid scheme” under the terms of a settlement agreement with Zeek Rewards’ receiver Kenneth D. Bell, according to new […]
URGENT >> BULLETIN >> MOVING: Judge Orders U.S. Marshals To Arrest Zeek Figure Darryle Douglas
URGENT >> BULLETIN >> MOVING: (3rd Update 6:25 p.m. ET U.S..) Senior U.S. District Judge Graham C. Mullen of the Western District of North Carolina has ordered the U.S. Marshals Service to arrest alleged Zeek Rewards’ insider Darryle Douglas for civil contempt of court. The order was issued yesterday and included a directive for marshals to execute an […]
Watch The Trailer For ‘Madoff’ And Think About How You Could Have Avoided Schemes Such As Zeek And TelexFree
ABC has made available the first trailer for “Madoff,” a network miniseries debuting Feb. 3, 2016. Richard Dreyfuss plays the notorious Ponzi schemer, with Blythe Danner starring as Ruth Madoff. Bernard Madoff’s name first appeared on the PP Blog nearly seven years ago, on Dec. 13, 2008. It has appeared numerous times since then. Says […]
BULLETIN: 2 Arrested In Alleged ‘Banners Broker’ Pyramid Scheme
BULLETIN: (14th Update 3:39 p.m. ET U.S.A.) Toronto police have arrested “Banners Broker” figures Christopher George Smith of Toronto and Rajiv Dixit of Vancouver. Both suspects are 45 and are scheduled to make a court appearance today, police said. The scheme allegedly raised $93 million (U.S.). They have been charged with Defrauding the Public of Over […]
URGENT >> BULLETIN >> MOVING: SEC Charges Alleged Zeek Promoter Trudy Gilmond
URGENT >> BULLETIN >> MOVING: (5th Update 9:15 p.m. ET U.S.A.) The SEC has gone to federal court in the Western District of North Carolina and charged Zeek Rewards’ figure Trudy Gilmond with securities fraud, selling unregistered securities and failure to register as a broker-dealer. Among the allegations: Gilmond knew Zeek was under investigation in 2012 […]
11,900 Claims Received In WCM777 Ponzi/Pyramid Case; Time To File Is Running Out
In the bizarre WCM777 Ponzi- and pyramid scheme, investors may not know what has become of Ming Xu and how much the equally bizarre Joseph Global Institute reportedly once operated by Xu and a former Mafia member continues to contribute to the vomitous madness. What is known is that about 11,900 claimants have come forward. The number is […]
Terrorist Incident At London Subway Station, Scotland Yard Says
BULLETIN: London Metropolitan Police are investigating multiple stabbings at Leytonstone Underground station and are treating the incident as a terrorist attack. Scotland Yard has identified the weapon as a knife, but the deck of a story in the Telegraph reports it was a machete and that a male suspect had yelled, “This is for Syria.” […]
DEVELOPING STORY: Boston Police Seek Public’s Help After Suspicious Package Left Near Department Of Homeland Security Vehicle
EDITOR’S NOTE: There appears to be no evidence so far that the suitcase contained a bomb. Even so, the incident in Boston this morning shows that terrorism still is very much on the minds of police after the Boston Marathon bombings in 2013 and after the attack in San Bernardino, Calif., that killed 14 people […]
Suspect Tyler Scott Testerman Captured In Shooting Of Maryland Police Officer, Authorities Say
This is Tyler Scott Testerman, a 21-year-old man suspected of shooting an Aberdeen (Md.) police officer in the face early today. A manhunt ensued, and police announced the capture of Testerman minutes ago. The shooting of the officer in a wooded area led to the closure of Aberdeen schools today, police said. wbaltv.com has identified the […]