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REMINDER: Claims-Filing Deadline In WCM777 Ponzi- And Pyramid Case Is Nov. 9

Take note: Victims of the WCM777 MLM “program” must file a claim by Monday, Nov. 9, a little more than three weeks from today. The website of WCM777 receiver Krista L. Freitag now includes a countdown timer to the filing deadline. At the time of this post, only 23 days remain to file claims. This is the…

Oct 17, 2015
MyAdvertisingPays Pulls Out Of America, Leaving U.S. Affiliates In The Lurch; Cross-Border Scheme Alleges Libel, Defamation

EDITORIAL: In April 2015, the PP Blog reported that a promo on YouTube put words in the mouth of President Obama and depicted him as a pitchman for MyAdvertisingPays, a cross-border scheme with promoters in common with the alleged Zeek Rewards and TelexFree Ponzi- and pyramid schemes. “My AdvertisingPays pays its members every 20 minutes,” a mimicked…

Oct 16, 2015
SHADES OF ZEEK: Prospective Class-Action Defendant Tells Judge TelexFree Was Operating A Tax Scam

In October 2014, federal prosecutors alleged that the Zeek Rewards MLM “program” shut down by the SEC two years earlier was in part a scam that caused “victim-investors to file inaccurate tax returns for phantom income they never actually received.” Now, a year later, a member of the TelexFree MLM scheme shut down by the…

Oct 14, 2015
BOOKMARK EConsumer.Gov: 34-Nation Coalition Takes Online Complaints About Pyramid Schemes And Other Cross-Border Scams

Modern scams that use the Internet can mushroom, creating victims in huge numbers in multiple countries. Let today be the day you bookmark EConsumer.gov. The PP Blog has placed a link in the right sidebar. The United States and 33 other countries are members of the International Consumer Protection and Enforcement Network or ICPEN. From the…

Oct 14, 2015
IN MEMORY: Jerry S. Parr, USSS (Ret.), 1930-2015

On Jan. 20, 1981, Ronald Reagan became President of the United States — America’s 40th. He almost died in an assassination attempt outside the Washington Hilton Hotel a little more than two months later, on March 30. It was the 69th day of his Presidency. Today America is remembering the life of Jerry S. Parr,…

Oct 10, 2015
URGENT >> BULLETIN >> MOVING: Zeek Receiver Sues MLM Attorney Gerald Nehra

URGENT >> BULLETIN >> MOVING: (7th Update 8:33 p.m. EDT U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case has sued MLM attorney Gerald Nehra and his law firm and law partner. Named defendants are Nehra as an individual and as a member of the Nehra and Waak law firm of Michigan,…

Oct 9, 2015
FEDS: ‘Achieve Community’ Scam Raked Victims In More Than 140 Countries; Justice Department’s ‘Mega Victim Case Unit’ Called To Duty

Unlike the boffo web-based schemes of TelexFree, Zeek Rewards and AdSurfDaily, the “Achieve Community” scam in which participants were told they’d glean returns of 700 percent did not perform well (relatively speaking) at the MLM Pyramid/Ponzi Scheme Box Office. Achieve’s haul topped out at about $6.8 million, with alleged unfunded liabilities in the range of $50…

Oct 8, 2015
Banks Should Have Googled Daniel Fernandes Rojo Filho, Attorney Tells Bloomberg Business

The lede in a story this morning by Neil Weinberg of Bloomberg Business: “The U.S. requires banks to know their customers. Looks like several big ones, including Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co., may have missed getting acquainted with Daniel Fernandes Rojo Filho.” Here’s a link to the story, titled…

Oct 8, 2015
REPORT: Vemma Europe Ltd. In ‘Provisional Liquidation’

3RD UPDATE 4:11 P.M. EDT U.S.A. There is a Twitter report in Spanish dated today that Vemma Europe Limited has been put in “provisional liquidation” and that the High Court of Ireland has appointed a provisional liquidator to verify claims. The PP Blog has observed a message on a Vemma.es domain that identifies the provisional liquidator as…

Oct 7, 2015
PICTURE STORY: Attempted Candle-Snuffing

The PP Blog writes about Ponzi schemes, pyramid schemes, securities fraud, cross-border scams (transnational crime) and issues pertaining to economic and national security. This Blog has been here for you since 2008, through 2,738 articles. The graphic below shows blocked malicious login attempts here over just the past small handful of months. Be it random bots…

Oct 7, 2015
2 Of 3 Wire-Fraud Counts Against DFRF’s Filho Pertain To YouTube Videos; Feds Busy With Search Warrants

EDITOR’S NOTE: See related story yesterday. Pitching your HYIP fraud scheme on YouTube and deceiving your audience en masse? You might need a good attorney: Two of the three wire-fraud counts against alleged DFRF Enterprises operator Daniel Fernandes Rojo Filho pertain to YouTube pitches. One, allegedly uploaded on Oct. 20, 2014, is titled “Primeiro Evento…

Oct 3, 2015

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