Category: The Economy
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URGENT >> BULLETIN >> MOVING: Alabama Issues Warning On ‘Profitable Sunrise’
URGENT >> BULLETIN >> MOVING: The state of Alabama has issued a warning on Profitable Sunrise. The move follows on the heels of a cease-and-desist order issued last week by North Carolina. The warning comes in the form of an “investor alert” issued by the office of Joseph Borg, the director of the Alabama Securities…
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HIGH POINT (N.C.) ENTERPRISE: Zeek Reached Out To Pluck Utah Man; 1 Downline Had 1,500 Members, Victim Tells Paper
Zeek Rewards likely had a presence in all 50 U.S. states, plus U.S. territories. The High Point Enterprise, a publication in Zeek’s home state of North Carolina, today has a story about a Utah man who joined the “program” just prior to the SEC bringing allegations in August 2012 that Zeek was a $600 million…
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North Carolina Secretary Of State: Profitable Sunrise ‘A Real Danger To The Investing Public’
EDITOR’S NOTE: Reproduced below is the full news release by the office of North Carolina Secretary of State Elaine F. Marshall on the cease-and-desist order issued last week to “Profitable Sunrise.” Even as the state has raised serious concerns about the “program,” Profitable Sunrise “defenders” have been seeking to minimize the issues. Some people even…
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URGENT >> BULLETIN >> MOVING: North Carolina Orders ‘Profitable Sunrise’ To Cease And Desist; State Calls It An ‘Immediate And Significant Danger’
URGENT >> BULLETIN >> MOVING: The state of North Carolina — home base to the alleged $600 million Zeek Rewards Ponzi scheme — has ordered a purported offshore “opportunity” known as “Profitable Sunrise” to cease and desist from doing business in the state. Profitable Sunrise purports to be a hard-money lender and investment opportunity. It…
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UPDATE: Garfield M. Taylor, Charged Civilly By SEC In 2011, Now Indicted On Criminal Charges In Alleged Ponzi Scheme
Garfield M. Taylor, the Maryland man accused civilly by the SEC in November 2011 of duping charitable organizations and people of faith in a Ponzi scheme, now has been indicted on criminal charges, the FBI and federal prosecutors in the District of Columbia said. Taylor, 54, of Rockville, faces counts of wire fraud, securities fraud…
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BULLETIN: South Carolina Man Indicted In Georgia On Charge Of Using Facebook To Threaten To Kill President Obama
BULLETIN: The U.S. Secret Service, the FBI and federal prosecutors in the Northern District of Georgia say a South Carolina man threatened on Facebook to kill the President of the United States. Patrick Randell McIntosh, 28, of Charleston, was indicted on charges of possessing three firearms and ammunition while under indictment for a felony and…
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UPDATE: Charles Daniel Koss, Purported Missouri ‘Sovereign Citizen,’ Convicted In ‘Redemption’ Swindle Against Social Security
Charles Daniel Koss, a 63-year-old purported “sovereign citizen” from Independence, Mo., faces up to 61 years in federal prison after being convicted in a “redemption” scam targeted at Social Security. Koss was convicted of two counts of theft of government money, one count of Social Security disability fraud, one count of mail fraud and one…