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MORE FROM THE MLM LA-LA LAND PLAYBOOK: Former ASD, NewGNI, Club Asteria, Zeek And Profitable Sunrise Pitchman ‘Ken Russo’ Coins New Acronym (NAG); Paul Darby Plants Seed FBI Backs His ‘YouGetPaidFast’ Program — AFTER Trading On Name And Likeness Of President Of The United States

UPDATED 8:37 A.M. EDT (OCT. 21, U.S.A.) Former AdSurfDaily President Andy Bowdoin is continuing to serve 78 months in federal prison at the age of 78 — in part because he borrowed liberally from the MLM scammer’s playbook and planted the seed that the President of the United States (then George W. Bush) backed his…

Oct 8, 2013
EDITORIAL: Zeek: The ‘Reverse Rolaids’ Of MLM

Rolaids products are back on store shelves after a recall that lasted nearly three years — and that may come as particularly good news for sufferers of the ongoing Zeek Rewards sickness. And with the TelexFree MLM story potentially churning hundreds of thousands of stomachs and getting stranger and stranger with each passing week, Rolaids…

Oct 7, 2013
BULLETIN: SEC Sanctions Troy Dooly For Zeek-Related Work; MLMHelpDesk Blogger Ordered To Pay More Than $6,000 In Disgorgement, Penalties And Interest

BULLETIN: (UPDATED 9:04 P.M. EDT (U.S.A.) The SEC has sanctioned MLMHelpDesk Blogger Adam “Troy” Dooly, amid allegations he accepted money from the Zeek Rewards MLM “program” operated by Rex Venture Group LLC without disclosing to Blog readers and radio listeners that Rex “was paying him” to publicize the Zeek venture. Section 17(b) of the Securities…

Sep 30, 2013
BULLETIN: Florida Woman Sued Civilly, Charged Criminally In Alleged Ponzi- And Affinity-Fraud Scheme Targeted At Colombian-Americans

BULLETIN: The SEC has sued a Florida woman, amid allegations she swindled Colombian-Americans and other Colombians in a $4 million Ponzi scheme that duped investors into believing her purported “immigration bail bonds” program was backed by the FDIC and an “investment broker” later blamed for payout delays. The woman — Jenny E. Coplan of Tamarac…

Sep 30, 2013
BREAKING BAD: Already-Convicted Narcotics/Firearms Felon With Peripheral Tie To AdSurfDaily And Zeek Ponzi Cases Pleads Guilty In ‘Commodities Online’ Caper After Saying He Approved Another Felon’s Request To Transfer More Than $5 Million To Mexico On Heels Of SEC Subpoena

EDITOR’S NOTE: In case you haven’t seen the series finale, there are no spoilers in this post. “Breaking Bad” ended its original run on AMC, and America said goodbye (or good riddance) to Walter White, the money-launderer next door, last night. The fictional White, of course, had been pursuing clandestine wealth, recklessly disregarding the safety…

Sep 30, 2013
REPORTS: TelexFree Members Targeted In Hacking, Phishing Bids

After similar reports in July, there are new reports today that members of the TelexFree MLM “program” have been targeted in hacking and phishing schemes. Such fraud bids often accompany HYIP schemes. One such report appeared on Facebook, where a self-identified member of TelexFree claimed she had two TelexFree accounts and that both had been…

Sep 30, 2013
URGENT >> BULLETIN >> MOVING: SEC: Las Vegas-Based Ponzi Scheme Targeted Japanese Investors, Gathered At Least $800 Million, Planned To Have New Marks Prop Up The Massive Swindle — And Started In 1998

URGENT >> BULLETIN >> MOVING: (SECOND UPDATE 4:28 P.M. EDT (U.S.A.) The SEC says Edwin Fujinaga and his company MRI International Inc. were operating a Ponzi scheme from 1998 onward that gathered at least $800 million and targeted Japanese and other investors. After MRI received a letter in March 2013 from the SEC instructing it…

Sep 26, 2013
HUFFINGTON POST, VIA THE CANADIAN PRESS: Purported ‘Sovereign Citizen’ (Freeman On The Land) Declares Alberta Woman’s Home His ‘Embassy’ And Files Lien For $17,000

The Huffington Post, via The Canadian Press, is reporting that a purported freeman on the land has filed a lien against the property of an Alberta pensioner and declared her home his “embassy.” Rebekah Caverhill, the property owner, has been reduced to tears in her dealings with Andreas Pirelli, according to the report. Meanwhile, government…

Sep 22, 2013
MODERN MLM PR: TelexFree Rep’s Blog On Loss Of Payment-Processing Firm: ‘We Killed Them’

If continuing to recruit during multiple pyramid-scheme probes even as a judge and prosecutor reportedly had been threatened in Brazil with death were not enough, another MLM PR disaster is unfolding: The Blog of Faith Sloan, late of Zeek Rewards and Noobing, an HYIP Ponzi scheme that ripped off people with hearing impairments, wants TelexFree…

Sep 22, 2013
TelexFree Says It Seeks Bankruptcy

UPDATED 7:21 A.M. ET Jan. 21, 2013, to correct misspelling. With pyramid-scheme probes under way in multiple Brazilian states and affiliates also filing actions against the company, TelexFree says it is seeking bankruptcy protection in Brazil. Early details are sketchy. Here’s TelexFree executive Carlos Costa making the announcement while waving the flags of Portugal and…

Sep 20, 2013
‘Growing Sophistication And Frequency Of Cyberattacks Is A Cause For Concern,’ U.S. Comptroller Of Currency Says

“The denial of service attacks that began in 2012 and continue today drew the attention of our largest financial institutions. While they have been only minimally disruptive so far, we know that these types of attacks are just one of the many cyber threats that our financial system faces. The growing sophistication and frequency of…

Sep 18, 2013