Category: The Economy
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New York Times Story — ‘Birdman[:] The Pigeon King And The Ponzi Scheme That Shook Canada’ — Shatters Myths
“Birdman[:] The Pigeon King and the Ponzi Scheme That Shook Canada” appears online today at the website of the New York Times Magazine. The story by Jon Mooallem examines the strange case of Arlan Galbraith, the narratives surrounding his “Pigeon King” scheme, Galbraith’s efforts to serve as his own attorney, how a veteran prosecutor new…
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BULLETIN: Zeek Receiver Sues Alleged ‘Winners’ In United Kingdom
BULLETIN: (3rd update 7 p.m. ET March 6 U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid case has sued “alleged winners” with addresses in the United Kingdom. Receiver Kenneth D. Bell identified the defendants as: Shaun Smith, Bridgnorth, $262,900.31; Peter William Bennett, Wokingham, $257,573.30; Mark Anthony Ferrie, Abergavenny, $212,072.60; Gary Bryan Morris,…
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‘Achieve Community’ Figure Rodney Blackburn Now Touting ‘Tea’; Panel From Video Says It ‘Mitigates HIV’ And ‘Prevents Colds And Flu’
UPDATED 3:08 P.M. ET U.S.A. Fresh from the alleged “Achieve Community” pyramid- and Ponzi scheme, the apparent collapse of “Trinity Lines” and potential debacles involving “BRING THE BACON HOME,” “Unison Wealth” and others, Rodney Blackburn now is promoting a “tea” purported to mitigate HIV. HIV is the virus that causes AIDS. The tea, called “laso,”…
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WCM777: More Theft And Money Laundering MLM-Style
“Many investors gave cash to the company and to their leaders (or upline sponsors) who then deposited the cash along with other investor funds.” — Krista L. Freitag, court-appointed receiver in the WCM777 pyramid- and Ponzi case, Feb. 27, 2015 EDITOR’S NOTE: Tens of millions of dollars allegedly flowed through WCM777 and related entities. At…
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Lawyer For T. LeMont Silver, Wife, Shell Company Wants Out Of Zeek Clawback Case
UPDATED 10:24 P.M. ET U.S.A. Zeek Rewards “winner” T. LeMont Silver, his wife Karen and a Silver shell company known as Global Internet Formula Inc. allegedly hauled more than $2.3 million out of the shuttered MLM “program.” Receiver Kenneth D. Bell sued them in February 2014, alleging their gains had come from victims of the…
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EDITORIAL: Creeping Up On MLM Perdition
EDITOR’S NOTE: The MLM “program” known as Wings Network is alleged to have operated through two business entities that used the name “Tropikgadget.” The SEC’s case, announced Friday, is filed in U.S. District Court for the District of Massachusetts. That’s the same venue in which the agency’s epic TelexFree case was filed last year. There…