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KABOOM! Agents Tie Alleged ‘Evolution Market Group’ Ponzi And HYIP Fraud Scheme To Narcotics Case In Arizona; Tens Of Millions Of Dollars Seized; Firms Promoted On ASA Monitor, TalkGold Forums

Kaboom! It has happened again. Explosive court filings by the government show that kneejerk apologists and defenders of High Yield Investment Programs (HYIPs) and autosurfs are quickly running out of cover when they assert that anything is noble or even real about the programs they relentlessly push for their share of purported profits from introducing…

May 16, 2010
ESSAY: Why Narc That Car Has A Duty To Reveal The Names Of Its Database Clients And Police Departments Whose Members May Be Narc Consultants

EDITOR’S NOTE: Narc That Car says it is a private company and has no duty to reveal the names of its data clients. This essay challenges Narc’s arguments. UPDATED 4:33 P.M. EDT (U.S.A.) The public has a compelling interest not only in learning the identities of Narc That Car’s clients through appropriate channels, but also…

May 12, 2010
Debit-Card Firm Spotlighted In Purported Training Material For Minnesota-Based INetGlobal Was Referenced In $22 Million Ponzi Case In Florida Last Year; Renner Company Now Has Link To Third Ponzi Court Scrape

Training material purportedly produced in November 2009 and published online shows prospects of INetGlobal how to transfer money from the company to a reloadable debit card. The presentation reveals that INetGlobal was using the same debit-card firm that provided services for a Florida man implicated in October 2009 — just a month before the INetGlobal…

May 10, 2010
PROSECUTION: INetGlobal Trying To Derail Probe By Hiring Attorney To Block Agents’ Access To ‘Potentially Adverse Witnesses’ Among Employee Ranks; Assertion That One Attorney Can Represent All Workers ‘Outlandish’

Federal prosecutors say they believe INetGlobal and its parent company — Inter-Mark Corp. — hired an attorney for employees to derail a criminal probe into the companies’ business practices by muting the voices of workers who could become witnesses in the case. Prosecutors made the dramatic claim in response to INetGlobal’s request last week for…

May 8, 2010
BULLETIN: Renner Case Takes West Coast Turn; Prosecutors Seek Forfeiture Of San Diego Property Allegedly Bought With Funds From INetGlobal Advertisers

BULLETIN: UPDATED 1:47 P.M. EDT (U.S.A.) Federal prosecutors and the U.S. Secret Service have filed paperwork that says INetGlobal’s parent company — Inter-Mark Corp. — acquired a property in San Diego last year and intended to remodel it with proceeds from a Ponzi scheme. Records suggest the purchase price of the property was $595,000 and…

May 7, 2010
ESSAY: Why Narc That Car Has A Duty To Reveal The Names Of Its Database Clients And Police Departments Whose Members May Be Narc Consultants

EDITOR’S NOTE: Narc That Car says it is a private company and has no duty to reveal the names of its data clients. This essay challenges Narc’s arguments. The public has a compelling interest not only in learning the identities of Narc That Car’s clients through appropriate channels, but also in learning the identities of…

May 6, 2010
BULLETIN: Steve Renner, Operator Of INetGlobal Autosurf, Sentenced To 18 Months In Federal Prison In Tax Case Tied To His Money-Services Business

UPDATED 6:57 P.M. EDT (U.S.A.) The operator of the INetGlobal autosurf has been sentenced to 18 months in federal prison for income-tax evasion. Steve Renner also was ordered by U.S. District Judge Donovan Frank to cooperate with the IRS “in the assessment and payment of taxes still due,” federal prosecutors said. Renner was convicted in…

May 5, 2010
Obama Nominates Andy Bowdoin Lawyer To Be U.S. Attorney For Northern District Of Florida; Separately, Bowdoin Appeal In Subpoena Case Dismissed By Panel

An attorney who represented AdSurfDaily President Andy Bowdoin in state court in Florida has been nominated by President Obama to become the new U.S. Attorney for the Northern District of Florida. If confirmed by the Senate, Pamela Cothran Marsh would replace Thomas F. Kirwin as the top federal prosecutor in the region, which encompasses 23…

May 5, 2010
Fox 11 In Los Angeles Says California Attorney General Seeking Information On Narc That Car; Will Data Network Affiliates Get Drawn Into Inquiry?

A company that recruits members to record the license-plate numbers of cars for entry in a database now has drawn the attention of the attorney general of California, Fox News 11 in Los Angeles is reporting. Although it previously was known that Texas Attorney General Greg Abbott was working with the district attorney of Henderson…

May 5, 2010
FLASHBACK: Year Ago Today, AdViewGlobal Announced Offshore Wire Facilitator — On Same Day Obama Announced Crackdown On International Fraud

Longtime readers of the PP Blog may scarcely believe a year has passed since the AdViewGlobal (AVG) autosurf announced a new, offshore wire facilitator — on the same day President Obama announced a crackdown on international fraud. Obama delivered his remarks at 11:37 a.m. By 5:54 p.m., a member of an AVG forum operated by…

May 4, 2010
Another Ponzi Halted In New York; SEC Says Matthew J. Ryan Targeted Senior Citizens In Scheme Involving Company That Existed In Name Only

American Integrity Financial Co. existed in name only, the SEC said today. Its operator, Matthew J. Ryan, 45, of Troy, N.Y., used the bogus company to fleece senior citizens in a Ponzi scheme by telling them they’d earn “guaranteed” return rates ofÂ 3.85 percent to 9 percent each year. It was the second Ponzi scheme…

May 4, 2010

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