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FOR ZEEKERS: Court-Appointed Receiver Asks Federal Judge To Approve Claims Process, Bar Date — And More

“In examining these facts, the Receiver has determined that because the VIP Points aspect of the multilevel marketing program did nothing more than redistribute funds among Affiliates in Ponzi-scheme fashion, points generated and/or accumulated by Affiliates will not be an includable part of an Affiliate’s claim for purposes of receiving a distribution from the Receivership…

Mar 29, 2013
BULLETIN: Feds Say New York Man Was Running $50 Million Real-Estate Ponzi Swindle; Gershon Barkany Arrested By FBI

BULLETIN: A man in the Far Rockaway section of the New York City Borough of Queens was running a $50 million real-estate Ponzi swindle that duped investors into believing they were investing in a “risk-free” flipping scheme involving large properties in New York and New Jersey, federal prosecutors said. Gershon Barkany, 29, was arrested today…

Mar 28, 2013
BULLETIN: AdSurfDaily/OneX Pitchwoman Rayda Roundy Faces Proposed Fine Of $81,250 In Utah For Alleged Unlawful Sale Of ‘Safevest LLC’ Securities In Ponzi Scheme Targeted At Christians

BULLETIN: (UPDATED 4:58 P.M. EDT (U.S.A.) The state of Utah has proposed that Rayda Roundy of Hurricane be fined $81,250 and ordered to cease and desist from selling securities unlawfully in the state for her alleged role in hawking Safevest LLC. In May 2008, the SEC described Safevest as a fraud- and Ponzi-like scheme that…

Mar 28, 2013
New Hampshire Joins Many Other States Or Provinces In Issuing ‘Profitable Sunrise’ Warning; [UPDATE: District Of Columbia, Georgia And West Virginia Now On List Of 34, Too]

UPDATED 6:11 P.M. EDT (MARCH 28, U.S.A.) The District of Columbia has issued a warning about Profitable Sunrise. So has West Virginia. Georgia has issued a cease-and-desist order. A majority of U.S. states now have taken action in one form or another against Profitable Sunrise. See the info in the Comments thread below . .…

Mar 27, 2013
On The High Seas Of Facebook, The Search For New HYIP Blood In The Water Intensifies After ‘Profitable Sunrise’ Goes Missing

“HYIPs use an array of websites and social media — including YouTube, Twitter and Facebook — to lure investors, fabricating a ‘buzz’ and creating the illusion of social consensus, which is a common persuasion tactic fraudsters use to suggest that ‘everyone is investing in HYIPs, so they must be legitimate.’” — The Financial Industry Regulatory…

Mar 27, 2013
DUBIOUS MILESTONE: ‘Profitable Sunrise’ Website Has Been Offline For 10 Days; ‘All Is Good,’ Pitchman Tells Conference-Call Listeners; Wild, Unverified Claims Made On Facebook And Ponzi Boards That ‘Program’ Will Resurface As 4-Percent-A-Day Scheme

UPDATED 11:33 A.M. EDT (APRIL 1, U.S.A.) On April 1, the PP Blog published a story that informs Profitable Sunrise participants on how to contact state and provincial securities regulators in the United States and Canada. That story is here. April 1 was the date the Profitable Sunrise “Long Haul” plan was supposed to pay…

Mar 25, 2013
No Immediate Comment From Zeek Receiver On Third-Party Lawsuit That References Zeek Pitchman T. LeMont Silver And 100 ‘Does’; MLMers Sue Each Other — And Receiver’s Law Firm Represents Plaintiffs In One Of The Cases

UPDATED 8:48 A.M. EDT (MARCH 24, U.S.A.) Oz at BehindMLM broke the news that eAdGear Inc. and GoFunPlaces Inc. have sued Randal Williams and JubiMax LLC (and others) — and that Williams earlier had sued eAdGear and GoFunPlaces (and others). You’ll see a reference to Randal Williams in this August 2011 PP Blog story about…

Mar 23, 2013
In Wake Of Profitable Sunrise Alert, British Columbia Issues 2 More Warnings Against HYIPs; Like Profitable Sunrise, Both ‘Programs’ Had Presence On TalkGold And MoneyMakerGroup Ponzi Forums

EDITOR’S NOTE: Thanks to PP Blog reader “Tony” for pointing us to the British Columbia Securities Commission (BCSC) warning against the Lucra Fund and Goldenarium HYIP schemes. Earlier this month, BCSC issued a warning on the Profitable Sunrise scheme. The British Columbia Securities Commission has issued warnings on HYIP “programs” known as Lucra Fund and…

Mar 23, 2013
RealScam.com, Antiscam Site, Is Under DDoS Attack

UPDATED 11:39 A.M. EDT (MARCH 21, U.S.A.) RealScam.com reports that the DDoS attack is continuing, but that measures have been taken to restore accessibility. The site is back online. Here, below, our earlier story . . . RealScam.com, a site that concerns itself with international mass-marketing fraud, is experiencing a DDoS attack, a source told…

Mar 20, 2013
BULLETIN: Tom Clements, Colorado’s Top Prison Official, Reportedly Shot And Killed At His Home On Eve Of Final Passage Of Gun-Control Legislation

Tom Clements, Colorado’s top prison official, reportedly was shot and killed last night while answering the door at his home in Monument, El Paso County. Motives surrounding the shooting are unclear. There are early reports that security for other Colorado officials has been tightened. Gov. John Hickenlooper has ordered flags be lowered to half-staff all…

Mar 20, 2013
California Scammers Who Wiped Out Investors In 4,000 Percent ‘International Bank Trades’ Swindle Get Extra Prison Time For Filing False Liens Against Federal Prosecutor, FBI Agents

Ronald Wesley Groves and Donald Charles Mann swindled $4.8 million from 642 investors in a bizarre “international bank trades” caper that promised a payout of 4,000 percent. Now, they’ve been sentenced to an extra year in federal prison for filing false liens against a federal prosecutor and two FBI agents involved in the fraud probe,…

Mar 19, 2013

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