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SEC Takes Down Another Ponzi, Agency Says; Ricardo Bonilla Rojas Faces Civil And Criminal Charges After Allegedly Aiming Puerto Rico-Based Scheme At Evangelical Christians And Factory Workers

The SEC has gone to federal court in Puerto Rico, alleging that Ricardo Bonilla Rojas was operating a $7 million Ponzi scheme targeted at evangelical Christians and factory workers. Victims in the case hail from Puerto Rico, Florida, New York, and North Carolina, the agency said. Rojas, 53, is a resident of Arecibo, Puerto Rico.…

Aug 21, 2012
BULLETIN: Zeek Receiver Establishes Website: ZeekRewardsReceivership.com

“On August 17, 2012, Judge Graham C. Mullen of the U.S. District Court for the Western District of North Carolina, Charlotte Division, entered an order appointing Kenneth D. Bell of McGuireWoods LLP as temporary receiver of ZeekRewards for the purposes of marshaling and preserving all assets of ZeekRewards and those assets (a) held or possessed…

Aug 21, 2012
JSS Tripler/JustBeenPaid Hides Behind Zeek-Like Wordplay On Eve Of Zeek Collapse

On Aug. 17, the SEC filed spectacular allegations of Ponzi- and pyramid-scheme fraud against Zeek Rewards, which claimed it was not selling securities and members were not making an investment. Zeek operator Paul R. Burks was charged with selling unregistered securities as investment contracts. Zeek abused the power of the Internet and raised $600 million…

Aug 21, 2012
NORTH CAROLINA ATTORNEY GENERAL WARNS: Watch For ‘Reload Scams’ In Wake Of Zeek Collapse

UPDATED 4:06 P.M. EDT (U.S.A.) It happened after the collapse of AdSurfDaily in 2008 — and it’s happening now in the aftermath of the collapse of Zeek Rewards amid spectacular allegations by the SEC Friday of Ponzi and pyramid fraud. The office of North Carolina Attorney General Roy Cooper issued a warning minutes ago about…

Aug 20, 2012
POST-ZEEK GUEST COLUMN: Who Are These ‘Experts’ Anyway?

DISCLOSURE: Gregg Evans, a longtime member of the antiscam community, is a longtime PP Blog contributor. He was not compensated for this column, and his views are not necessarily the views of the PP Blog. Who are these “Experts” anyway? By Gregg Evans Troy Dooly is the latest “expert” to look like an utter fool…

Aug 19, 2012
URGENT >> BULLETIN >> MOVING: SEC Calls Zeek ‘$600 Million Online Pyramid And Ponzi Scheme’

URGENT >> BULLETIN >> MOVING: (UPDATED 6:25 P.M. EDT (U.S.A.) The SEC has filed an emergency action in federal court in Charlotte, N.C., that alleges Zeek Rewards is a $600 million Ponzi and pyramid scheme. “The obligations to investors drastically exceed the company’s cash on hand, which is why we need to step in quickly,…

Aug 17, 2012
URGENT >> BULLETIN >> MOVING: U.S. Secret Service Confirms Probe Of Zeek Under Way

URGENT >> BULLETIN >> MOVING: Zeek Rewards, the multilevel marketing program married to the penny-auction site Zeekler, is under investigation by the U.S. Secret Service and the Securities and Exchange Commission, the Secret Service confirmed at 4:14 p.m. EDT today. “There will be no further comment,” said Max Milien, a spokesman for the U.S. Secret…

Aug 17, 2012
UPDATE: North Carolina Investigators Demanded Info From Zeek On July 6; State Says It Has Not Taken Shutdown Action

UPDATED 10:58 A.M. EDT (U.S.A.) Two new details have emerged in the mysterious shutdown yesterday of the office and websites of Zeekler/Zeek Rewards: The office of North Carolina Attorney General Roy Cooper told the PP Blog this morning that it has taken no action to shut down Zeek, the operator of an MLM and a…

Aug 17, 2012
On Heels Of AG Examination, Zeek Blog Says Red Carpet Event For Aug. 22 Is Canceled

With a headline of “Red Carpet Wednesday – URGENT,” the Zeek Blog is reporting that a Red Carpet event scheduled Aug. 22 has been canceled. Zeek, the operator of the Zeek Rewards MLM “program” and the Zeekler penny auction, provided no explanation for calling off the event. Zeek is a purported arm of Rex Venture…

Aug 16, 2012
BULLETIN: Prominent Football Coach And TV Commentator Jim Donnan Charged In Alleged $80 Million Ponzi Scheme

BULLETIN: The SEC has gone to federal court in Atlanta, alleging that Hall of Fame football coach Jim Donnan and a business partner in Ohio conducted a massive Ponzi scheme that sucked in other coaches and caused one of Donnan’s trusting former players to invest $800,000. The scheme began in 2007 and collapsed in 2010,…

Aug 16, 2012
URGENT >> BULLETIN >> MOVING: Prosecutors Ask Judge To Sentence AdSurfDaily’s Andy Bowdoin To Maximum Prison Term

“Fortunately for the investing public, ASD’s popularity in the spring and summer of 2008 also drew the attention of the United States Secret Service, which investigated Bowdoin and ASD and discovered the true nature of the business model.” — Federal prosecutors, in Aug. 13 sentencing memo that asked a federal judge to impose the maximum…

Aug 15, 2012

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