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Idaho Says Profitable Sunrise Pitchmen May Have Exposure ‘For Soliciting Other Investors’
UPDATED 9:44 A.M. EDT (U.S.A.) Add Idaho to the list of U.S. states and provinces in Canada that have issued Investor Alerts or cease-and-desist orders against the Profitable Sunrise HYIP “program.” And because Profitable Sunrise also was in the business of recruiting pitchmen to sell unregistered securities in addition to offering preposterous returns, Idaho’s Department…
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URGENT >> BULLETIN >> MOVING: Explosions At Boston Marathon
URGENT >> BULLETIN >> MOVING: There are multiple reports of explosions at the Boston Marathon, with accompanying reports of injuries. U.S. television networks have interrupted regularly scheduled programming to bring breaking news. The situation is fluid. The cause is not yet known . . . The Boston Marathon is held each year on Patriot’s Day…
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BULLETIN: NOT JUST EUROPE: Court Filings In Profitable Sunrise Fraud Case Say Some Of The Money Went To Entities In Australia And Panama
UPDATED 9:11 P.M. EDT (APRIL 17, U.S.A.) Some Profitable Sunrise investors wired money to entities in Australia and Panama, according to new filings in the SEC’s pyramid-scheme and fraud case. The new filings, dated today, identify those entities as Technocash Limited of Sydney and Trackford Business Corp. of Panama City. Earlier filings named four other…
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BULLETIN: ‘Bags Of Cash And A Rolex’: KPMG Auditor Charged In Alleged Insider-Trading Scheme Involving Herbalife, Others; SEC Says Tips Went To Auditor’s Golfing Buddy In The Jewelry Business
BULLETIN: (UPDATED 4:44 P.M. EDT U.S.A.) The SEC has gone to federal court in the Central District of California, accusing a former KPMG “lead partner” and auditor of KPMG’s Herbalife account of insider trading by providing nonpublic information on Herbalife and other companies to a golfing buddy. Scott London, 50, of Agoura Hills, Calif., was fired…
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Joe Borg Of Alabama Securities Commission Tells WSFA That Profitable Sunrise Worked Because People ‘Kind Of Glossed Over The Mathematics’
EDITOR’S NOTE: Alabama was one of the first U.S. states to take action against the Profitable Sunrise HYIP “program,” issuing both an Investor Alert and a cease-and-desist order last month. The C&D lists two alleged “agents” of Profitable Sunrise, demonstrating that a “program” can create problems for pitchmen, perhaps even as the “program” operators make…
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UPDATE: Harvey Douglas Goff Sentenced To 36 Months In Federal Prison, Ordered To Stay Away From ‘Sovereign Citizen’ Groups After Filing $53 TRILLION In False Liens And Trying To Smear Judge
Harvey Douglas Goff, the Utah man who engaged in a bizarre hectoring campaign against public officials at the local, state and federal levels, has been sentenced to 36 months in federal prison and ordered to stay away from “sovereign citizen” groups for three years after his release. Goff is expected to begin his prison sentence…
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ANNOUNCEMENT: PP Blog Receives Repeated Spams Labeled ‘telexfree’ That Point To YouTube Video For ‘Leads’ Program
ANNOUNCEMENT: The PP Blog has banned a specific IP that appears to originate in the area of Fort Wayne, Ind. Between 1:33 p.m. and 1:36 p.m. today, the IP sought to pull six separate PP Blog stories with the aim of planting spam links. The first story was this one, dated Dec. 17, 2010: URGENT…
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BULLETIN: KPMG Discloses Chicanery In Its ‘Los Angeles Business Unit’; Shares Of Herbalife Temporarily Halted; MLM Firm Says KPMG Told It That KPMG-Employed Auditor Was Engaging In ‘Insider Trading’ Of Herbalife Stock
Shares of MLM company Herbalife were halted this morning after its auditor — KPMG — issued a statement yesterday that it was informed “late last week” that “the partner in charge of KPMG’s audit practice in our Los Angeles business unit was involved in providing non-public client information to a third party, who then used…
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BULLETIN: Docket In Federal Court Shows That SEC Has Scheduled Deposition For At Least 1 Profitable Sunrise Pitchman
BULLETIN: (UPDATED 1:56 P.M. EDT (APRIL 8, U.S.A.) In a move that may rattle promoters of HYIP fraud schemes, the SEC has scheduled a deposition for at least one individual known to have pitched the Profitable Sunrise “program.” Pitchman Anthony M. Infante will be deposed April 11 at a location in Florida, according to the…
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