Category: The Economy
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Sickening Beyond Measure: The Beheading Of British Aid Worker David Haines
In recent days, two American journalists have been beheaded by ISIS, a terrorist group that has taken over lands in Iraq and Syria. Now, British aid worker David Haines apparently also has been beheaded. Also see: The Guardian. BBC News. The Telegraph. ABC News.
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BULLETIN: Government Of Colombia Investigates TelexFree, Ties
BULLETIN: The government of Colombia appears to be seizing assets linked to four Colombians with alleged ties to TelexFree, which authorities in the United States have described as a massive cross-border pyramid- and Ponzi scheme. La Superintendencia de Sociedades, Colombia’s Superintendency of Companies, has published notices of the action. (See link to document (Spanish) below.)…
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UPDATE: BitClub Network Launch Reportedly Delayed — Again
UPDATE: There are reports on Twitter that the launch of the murky BitClub Network “program” has been delayed. This would be the third postponement. A purported “enormous opportunity in Bitcoin Mining,” according to veteran HYIP huckster and alleged Zeek Rewards Ponzi “winner” T. LeMont Silver, BitClub Network advertised a Sept. 1 launch date. Promoters of…
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T. LeMont Silver In Furious Name-Dropping Spree For BitClub Network; Veteran MLM Huckster Still Trails WCM777 Scam In Unofficial Record Book
3RD UPDATE 11:45 A.M. EDT U.S.A. Zeek Rewards clawback defendant T. LeMont Silver promised “training” to recruits of the emerging BitClub Network “program” — and the veteran HYIP huckster delivered by training his listeners to drop names. Lots and lots of names. Regardless, Silver might have to dial up his efforts if he hopes to…
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TelexFree Figure Carlos Costa Suffers Heart Attack
EDITOR’S NOTE: On Sept. 4, a PP Blog reader who understands Portuguese posted a link to a Globo.com story that confirms from a medical source that Carlos Costa suffered a heart attack on Sept. 2 and is being treated at Meridional Hospital in Cariacica in the state of Espírito Santo. Here is a link in…
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DEVELOPING STORY: Zeek Receiver Seeks Temporary Restraining Order ‘Necessary To Prevent Further Dissipation And Waste Of The Assets At Issue’
DEVELOPING STORY: (Updated 9:44 a.m. EDT Sept 3, U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid case has asked a federal judge for a Temporary Restraining Order he says is necessary to prevent “further dissipation and waste” of certain assets. Receiver Kenneth D. Bell asked that the motion be filed under seal.…
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ZEEK RECEIVER: ‘No Comment’ On BitClub Network Story
Zeek receiver Kenneth D. Bell had “no comment” this morning on an Aug. 30, PP Blog story that reported Zeek figure T. LeMont Silver now was pushing a murky “program” called “BitClub Network.” Bell has raised concerns that Silver is a serial promoter of Zeek-like schemes to defraud. As the PP Blog noted yesterday, Silver…
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UPDATE: BitClub Network Launch Said To Be Delayed; ‘Founders’ Positions Reportedly Sell For $3,599; Pitches Directed At ‘Leaders’; Prospects Asked To Wire Money; Purported ‘Opportunity’ May Have TelexFree-Like Cash-Transfer System
“These participants received uncontrolled cash deposits outside of the TelexFree system,” — Massachusetts Securities Division, Ponzi- and pyramid complaint against TelexFree, April 15, 2014. EDITOR’S NOTE: For our earliest background on BitClub Network, see Aug. 30 report that references serial HYIP promoter T. LeMont Silver. Are you really sure you want to promote bitcoin-themed HYIPs…
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In Face Of Clawback Action And Warnings On Bitcoin Scams, Zeek Figure And Florida ‘ExPat’ T. LeMont Silver Offers ‘BitClubNetwork’ Mark Bonus Of More Than 3 Times What He Pays His Dominican Maid — And Uses Address In Money-Laundering Haven
“The Florida Office of Financial Regulation (OFR) warns consumers of the potential risks associated with purchasing, investing in, and exchanging virtual currencies, such as bitcoin. Members of the U.S. Congress, federal and state regulatory authorities, are continuing to question a way forward with respect to these diverse and decentralized payment mechanisms. Mt. Gox, an international…
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Citing Missing Affidavit And Inconsistencies, Indiana Rejected TelexFree Telecom Application
UPDATED 6:20 P.M. EDT U.S.A. The Indiana Utility Regulatory Commission rejected TelexFree’s telecom application on June 11, 2014, according to records in the state. TelexFree filed the application on March 24, requesting “CONFIDENTIAL TREATMENT OF THE FINANCIALS OF TELEXFREE, LLC,” according to records. On April 13, TelexFree filed for bankruptcy protection in Nevada. On April…