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Tag: AdSurfDaily

URGENT >> BULLETIN >> MOVING: Florida Attorney Charged Civilly, Criminally In Alleged ‘Commodities Online’ Caper; 2 Principals (With Felony Convictions) Also Charged

URGENT >> BULLETIN >> MOVING: Florida attorney Michael R. Casey has been charged both civilly and criminally in the alleged Commodities Online fraud scheme, the SEC said. Also charged criminally and civilly were former Commodities Online executives James C. Howard III and Louis N. Gallo III. “This trio teamed up to employ all the hallmarks…

Sep 5, 2012
UNBELIEVABLE: In Wake Of Zeek Collapse, Members Get Pitch For ‘Wealth Creation Alliance’; Promo Features Strange Use Of Capital Letters; Pitchmen Are Called ‘Prosperity Advocates’ — And Promo Claims Tie To Bank Of America

UPDATED 11:55 A.M. EDT (U.S.A.) On Aug. 17, the SEC accused the purported Zeek Rewards revenue-sharing program of being a $600 million Ponzi- and pyramid scheme that had affected more than 1 million people. Zeek was touted on the MoneyMakerGroup and TalkGold Ponzi forums. Now comes word that Zeek members are being pitched on a…

Sep 5, 2012
The Bizarre Wordplay Of ‘ProfitClicking’

“25. Individual PC members are not responsible for the performace [sic] of PC or any other programs, products, and services provided by PC. Individual PC members, including those who introduce, sponsor, or refer other members, incur no liabilities or obligations in respect of PC’s financial decisions and directions and any other programs, products, and services…

Sep 4, 2012
Missouri Orders Alleged HYIP Operated By Christopher Hanson To Cease And Desist; Scheme Reached Into North Carolina, State Alleges; Tough Economic Times Give Scammers Opportunity To ‘Pull Schemes Directly From The Pages Of The Fraud Playbook,’ Official Says

UPDATED 10:52 A.M. EDT (U.S.A.) Christopher Hanson of Springfield, Mo., has been ordered to “cease and desist” from offering an HYIP “featuring supposed ‘leveraging’ on U.S. Treasuries,” the office of Secretary of State Robin Carnahan announced. Missouri state securities regulators described the scheme as a hybrid that married Hanson’s HYIP to a prime-bank scheme. “In…

Sep 3, 2012
BULLETIN: CFTC Says California Man At Helm Of Ponzi Scheme Targeted At Deaf Christians; Marc Perlman Charged With Fraud Amid Claim He Advised Investor To Sell House Quickly And Plow Proceeds Into Forex Scheme

BULLETIN: The CFTC has gone to federal court in the Southern District of New York, alleging that Marc Perlman of Rancho Cucamonga, Calif., and his firm, iGlobal Strategic Management LLC, were running a commodity-pool and Forex Ponzi scheme targeted at deaf Christians. Perlman and the company have been charged with fraud. The CFTC said the…

Aug 29, 2012
ALERT >> ALERT >> ALERT: Judge Dismisses Lawsuit Filed Against United States By AdSurfDaily Figures Todd Disner And Dwight Owen Schweitzer, Later To Become Zeek Promoters

BULLETIN: A federal judge has dismissed the November 2011 lawsuit against the United States by AdSurfDaily figures Todd Disner and Dwight Owen Schweitzer. The dismissal of the lawsuit by U.S. District Judge Rosemary Collyer came on the same day she sentenced confessed ASD Ponzi scheme operator Andy Bowdoin to 78 months in federal prison. After…

Aug 29, 2012
URGENT >> BULLETIN >> MOVING: AdSurfDaily Ponzi Schemer Andy Bowdoin Sentenced To 78 Months In Federal Prison — Maximum Under Plea Agreement

URGENT >> BULLETIN >> MOVING: (UPDATED 5:20 P.M ON SEPT 4.) AdSurfDaily President Andy Bowdoin has been sentenced to the maximum term in federal prison under his plea agreement: 78 months. The sentence was handed down minutes ago by U.S. District Judge Rosemary Collyer of the District of Columbia. ASD was a $119 million Ponzi…

Aug 29, 2012
URGENT >> BULLETIN >> MOVING: Charles Schwab Accounts Holding Nearly $18.6 Million In Name Of Accused Zeek Operator Paul Ray Burks Or Rex Venture Group Have Been Frozen

URGENT >> BULLETIN >> MOVING: (UPDATED 12:16 P.M. EDT (U.S.A.) The office of the corporate counsel for Charles Schwab in San Francisco has informed a federal judge that it is holding almost $18.6 million in two accounts linked to the alleged Zeek Rewards’ Ponzi scheme. One of the accounts is in the name of Rex…

Aug 28, 2012
Zeek Fallout Almost Too Strange To Contemplate

For starters, Zeek affiliates being approached by upline sponsors and email/website appeals to send in money “to defend Zeek Rewards and all of our independent businesses as per our legal rights of due process” might want to read this July 25 PP Blog post. It’s about how wordplay was used to sanitize HYIP scams. For…

Aug 27, 2012
As Zeek-Related Fundraising Efforts Begin, ‘Andy’s Fundraising Army’ Down For The Final Count: AdSurfDaily Patriarch Andy Bowdoin Awaits Sentencing In Pre-Zeek, 1-Percent-A-Day Ponzi Scheme Case

UPDATED 11:31 P.M. EDT (AUG. 26, U.S.A.) After the collapse of AdSurfDaily in 2008, there were at least four efforts to raise funds to “defend” the Ponzi enterprise and/or its participants. The PP Blog has received reports that at least one such effort is under way in the aftermath of the collapse last week of…

Aug 24, 2012
DEVELOPING STORY: JSS Tripler/JustBeenPaid HYIP Ponzi Scheme Appears To Be Morphing Into Autosurf Ponzi Scheme; Cheerleaders Try To Tame The Troops On Ponzi Boards Amid Reports That Frederick Mann Has ‘Retired’

Just days ago Frederick Mann — the purported operator of the JSS Tripler/JustBeenPaid “program” — was hinting that his fraud scheme that advertised a return of 60 percent a month needed a new name because critics were being entirely too negative. Like the now defunct Zeek Rewards “program,” which last week was described by the…

Aug 22, 2012