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UPDATE: HYIP Known As ‘Insectrio’ Has Collapsed; Website Of LibertyReserve- And PerfectMoney-Enabled Scheme Pushed On Ponzi Boards Goes Missing; Both Payment-Processing Firms Referenced In SEC’s Complaint Against Imperia Invest IBC

UPDATE: (UPDATED 11:53 A.M. EDT (U.S.A.) RealScam.com is reporting that the website of a bizarre HYIP known as “Insectrio” will not resolve. As the PP Blog reported on May 27, Insectrio was emerging as a darling on the Ponzi boards. The purported “opportunity” even used a graphic showing the logos of TalkGold, MoneyMakerGroup and DreamTeamMoney…

Aug 22, 2011
AlertPay Says It Was Targeted In DDoS Attack Last Week; Unclear Who Launched Assault; Site Processed Payments For Club Asteria And Other Collapsed HYIP And Money-Cycler ‘Programs’ Promoted On Ponzi Boards

UPDATED 9:45 P.M. EDT (U.S.A.) AlertPay, a Canadian payment processor referenced frequently on Ponzi boards such as TalkGold and MoneyMakerGroup, announced on its Blog that it was subjected to a “large” DDoS attack last week that affected customers’ ability to access the site. In a Blog post dated Wednesday, the company said the DDoS attack…

Aug 21, 2011
BULLETIN: ASDCashGenerator Website Now Returns A Server Error; PP Blog Observed Error After Clicking On Link In 2008 ASD Promo That Featured Photo Of Current Club Asteria Pitchman Hank Needham

BULLETIN: (UPDATED 10:16 A.M. EDT (AUG. 22, U.S.A.) As the PP Blog first reported on July 12, the ASDCashGenerator.com domain once controlled by accused Ponzi schemer Andy Bowdoin had returned online and was promoting a mysterious opportunity known as “Ad Sales Daily International.” But the ASDCashGenerator website now is throwing a server error and returning…

Aug 21, 2011
Andy Bowdoin Claims His ‘Army’ Is ‘Fighting Mad’; Bizarre Fundraising Effort By Accused Ponzi Schemer Whose Firm Has Ties To ‘Sovereign Citizens’ Continues

Thomas A. “Andy” Bowdoin, the accused Florida Ponzi schemer whose firm has ties to “sovereign citizens,” now says his fundraising “Army” is “Fighting Mad and growing fast!” Bowdoin, 76, is accused of presiding over a massive Ponzi scheme involving at least $110 million at Quincy-based AdSurfDaily. He has been using military and Biblical references for…

Aug 19, 2011
MIRACLE? TalkGold Ponzi Forum Rejects Club Asteria Payment Claim From Serial Scammer ‘Ken Russo’ (AKA ‘DRdave’); CA Thread Moved To ‘Closed Programs And Scam Warnings’ Folder

Despite efforts by serial cash-gifting, cycler, HYIP and autosurf pitchman “Ken Russo” to prevent the TalkGold Ponzi forum from moving the 16-month-old Club Asteria thread to the scam folder, TalkGold did exactly that today. “Ken Russo,” known as “DRdave” on TalkGold, posted purported proof that he had been paid through Ponzi-friendly AlertPay on Aug. 5…

Aug 18, 2011
URGENT >> BULLETIN >> MOVING: Triton Financial’s Kurt Barton Found Guilty In Ponzi Scheme That Defrauded People Of Faith, Football Stars, Family Members; Now-Convicted Fraudster May Face Life In Prison; ‘The Con Man Can Be As Brutal As Any Armed Robber,’ FBI Agent Says

URGENT >> BULLETIN >> MOVING: A jury in Texas has returned dozens of guilty verdicts against Kurt Branham Barton in the Triton Financial LLC case. Barton, 44, potentially faces life in prison after being convicted of 17 counts of money laundering, 15 counts of wire fraud, five counts of making false loan statements, one count of…

Aug 18, 2011
FBI: ‘Sovereign Citizen Domestic Extremists Throughout The United States’ Are Perpetrating Mortgage Fraud And ‘Debt Elimination Schemes’ And ‘Coaching’ Others To Do So

Is your purported debt coach or foreclosure-relief expert a “sovereign citizen” with an avowed contempt for the U.S. government and banking in general? Is he (or she) actually trying to recruit you into a criminal scheme that only will add to your stress? Is your last disposable dollar going into the pockets of a domestic…

Aug 17, 2011
SIMPLY ‘CHARLOTTE’: Self-Styled Colorado ‘Sovereign Citizen’ Who Sued State Judge In Federal Court After Being Found Guilty Of Traffic Violations Loses Appeal In 10th Circuit

EDITOR’S NOTE: So-called “sovereign citizens” have made news in the AdSurfDaily Ponzi case and in other court actions across America. One of the hallmarks of sovereign citizens is the pro-se pleading, including pleadings in which the filers do not use their full given names. (Think “Kenneth Wayne” in the ASD case, as opposed to “Kenneth…

Aug 17, 2011
BULLETIN: FLORIDA — AGAIN: Man Once Jailed For Trying To Kill Woman He’d Beaten By Stuffing Her In Car Trunk And Drowning Her In Lake Now Accused Of Ponzi Scheme; Michael Scott Segal’s Fraud Caper Allegedly Began 5 Months After Prison Release

A Florida man started a $1.3 million fraud and Ponzi scheme in November 2008, five months after he was released from prison after serving seven years for trying to kill a woman, according to federal prosecutors and state records. Michael Scott Segal, 50, of Miami, was charged in 2001 — when he was 40 —…

Aug 16, 2011
UPDATE: International Forex Ponzi Swindler David A. Smith Sentenced To 30 Years In U.S. Jail

David A. Smith, the Ponzi schemer who swindled investors in the Caribbean and Florida in a caper that gathered more than $200 million, has been sentenced to 30 years in a U.S. prison. Smith, a Jamaican citizen who was brought to Florida last year to face the U.S. charges, first must serve a sentence of…

Aug 15, 2011
Recidivist Felon Robert Stinson Of ‘Life’s Good’ Pleads Guilty To 26-Count Ponzi Indictment, Faces Decades In Prison

Robert Stinson Jr., the Philadelphia-area recidivist felon and securities swindler accused last year of stealing $17 million in a Ponzi scheme and wiring money to prevent it from being seized even as the FBI was conducting a raid, has pleaded guilty. Stinson, 56, of Berwyn, faces a maximum under federal sentencing guidelines of nearly 34…

Aug 15, 2011

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