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UNHAPPY MOTORIST TO DEPUTY: ‘No Wonder You People Get Shot’
On Sept. 1, a deputy from the Aggressive Driving Unit of the Palm Beach County (Fla.) Sheriff’s Office ticketed a woman for going 51 MPH in a 20-MPH School zone, the Sheriff’s Office said. The traffic stop was recorded on the deputy’s dashcam. “No wonder you people get shot,” the woman told the deputy who…
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BULLETIN: Name Of Herbalife Refugee Anthony Powell Surfaces In Vemma Pyramid-Scheme Case
2ND UPDATE 4:16 P.M. EDT U.S.A. Former Herbalife President’s Team member Anthony Powell is referenced in a report by the court-appointed receiver in the Vemma pyramid-scheme case filed by the FTC last month. The mention is potentially embarrassing to the MLM trade, which has a reputation for recruiters dragging financially strapped prospects from scheme to…
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Vemma Called ‘Pyramid Scheme’ By FTC; Direct Selling Association’s Early Response Muted
UPDATED 6:44 P.M. EDT U.S.A. The Federal Trade Commission voted unanimously (5-0) to charge Vemma Nutrition Co. with operating a pyramid scheme. So much for the absurd proposition that Republicans on the commission are like hapless “Wheel of Fortune” contestants who couldn’t form the term “pyramid scheme” if spotted 12 of the 13 letters that comprise it. Want…
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TelexFree Members In Massachusetts Get Payout From Bank Fund
About 14,000 TelexFree members in Massachusetts have received a payout from a $3.5 million fund set up last year as a result of a settlement between the state Securities Division and Fidelity Co-Operative Bank, the office of Commonwealth Secretary William Galvin said today. “While this money does not make the TelexFREE victims whole, the distribution does…
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PP Blog Now 2,700 Posts Strong: Get Your Subscription Today!
NOTE: This post originally was published June 30 at 8:41 p.m. EDT U.S.A. It was republished in this slot on July 2, July 20, July 29 and July 30. Dear Readers, We are pleased to report that this is Post 2,701 on the PP Blog since December 2008. There are four “penny-a-post” subscription options in…
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Filho Listed As Inmate At Federal Detention Center
UPDATED 8:41 A.M. EDT U.S.A. DFRF Enterprises’ and Platinum Trade Bancorp figure Daniel Fernandes Rojo Filho this morning is listed as an inmate at FDC Miami, a federal detention facility. His inmate registration number is 08217-104 and he is listed in federal Bureau of Prison records as “Daniel F Rojo Filho.” Some apparent DFRF apologists…
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Daniel Fernandes Rojo Filho, Accused In Alleged DFRF Enterprises Ponzi Scheme, Made Donation To 2012 Obama Campaign: What Is Platinum Trade Bancorp?
In 2012, Daniel Fernandes Rojo Filho, purportedly an employee of an entity known as Platinum Trade Bancorp and using the address of a mansion in Boca Raton, Fla., made a $250 campaign contribution to Obama for America, according to Federal Election Commission records. The PP Blog is declining to publish the address of the 6,742-square-foot…
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DFRF Asset Freeze Affects Accounts At At Least 13 Banks; Judge Orders Repatriation, Blocks Flow Of New Money
UPDATED 6:55 A.M. EDT JULY 30 U.S.A. In the SEC’s civil case against DFRF Enterprises, a federal judge in Massachusetts has issued an order that freezes accounts at at least 13 banks and enjoins DFRF from soliciting or accepting any more money or opening any new accounts. Dated July 28, the order by Chief U.S.…
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Guilty Pleas Entered In eAdgear Ponzi- And Pyramid Criminal Case
UPDATED 1:10 P.M. EDT U.S.A. Two eAdGear Ponzi- and pyramid-scheme figures have pleaded guilty to federal criminal charges of structuring transactions to evade bank-reporting requirements and conspiracy, according to court filings and records in U.S. District Court for the Northern District of California. The SEC charged eAdGear in September 2014, alleging it had gathered $129…
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BULLETIN: ‘The DFRF Fraud Is Much Larger Than It First Appeared,’ SEC Tells Court
BULLETIN: (2nd Update 9:46 p.m. EDT U.S.A.) The SEC has gone to federal court in Boston, alleging that “the DFRF fraud is much larger than it first appeared.” The agency also alleges that at least one DFRF investor told investigators that he first heard of DFRF in May or June 2014 from TelexFree Ponzi- and…
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