Tag: Banners Broker
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REPORT: SEC Moves Against ‘TrafficMonsoon,’ Calls It A Ponzi
The SEC has filed a lawsuit against the Traffic Monsoon “program” and called it a Ponzi scheme that had gathered $207 million, the Salt Lake Tribune is reporting. The assets of Traffic Monsoon and alleged operator Charles Scoville have been frozen, the newspaper reports. On June 1, the PP Blog reported that Payza — a payment…
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Embezzled Banners Broker Pyramid Funds Allegedly Ended Up In ‘KulClub,’ Another Ponzi-Board MLM Program
2ND UPDATE 2:25 P.M. EDT U.S.A. More horrible PR for the MLM trade: Banners Broker international pitchman and pyramid-scheme figure Kuldip Josun embezzled at least $3.6 million from affiliates, according to a receiver’s report. The money was deposited into a Swiss bank account held by an entity known as World Web Media Inc. and appears…
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Banners Broker Figure May Be Using ‘Sovereign Citizen’ Tactics On Canadian Court Officials
Remember when Simon Stepsys — now with the cross-border MyAdvertisingPays scheme — was pushing the uber-bizarre Banners Broker cross-border scheme? New court filings in Canada by the receiver and liquidators in the Banners Broker case now estimate the total haul of the alleged double-your-money pyramid scam at more than $156 million. That’s up from an…
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At Chicago Symposium, SEC Highlights Pyramid Scheme Task Force And Notes ‘Whack-A-Mole’ Nature Of Online Scams
“These frauds are easily duplicated, and at times, we find ourselves playing ‘whack-a-mole,’ chasing the same set of fraudsters who, after feeling a bit of heat, simply close down one scheme and quickly set up a new one under a different name.” — Andrew Ceresney, SEC Enforcement Division director, March 2, 2016 EDITOR’S NOTE: Type…
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BULLETIN: MyAdvertisingPays (MAPS) Again Referenced In TelexFree Litigation; Lawyer Calls It A Ponzi Scheme While Calling Simon Stepsys A ‘Ponzi Mogul’
BULLETIN: (6th update 7:23 p.m. ET U.S.A.) Class-action lawyers pursuing claims against TelexFree promoters have called the My Advertising Pays (MAPS) “program” a Ponzi scheme and described MAPS promoter Simon Stepsys as a “Ponzi mogul.” The case itself is not against MAPs. Even so, the lawyers now have made repeated references to MAPs and are lambasting the serial…
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BULLETIN: 2 Arrested In Alleged ‘Banners Broker’ Pyramid Scheme
BULLETIN: (14th Update 3:39 p.m. ET U.S.A.) Toronto police have arrested “Banners Broker” figures Christopher George Smith of Toronto and Rajiv Dixit of Vancouver. Both suspects are 45 and are scheduled to make a court appearance today, police said. The scheme allegedly raised $93 million (U.S.). They have been charged with Defrauding the Public of Over…
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UPDATE: IntellaShares Now Under Scrutiny By Save The Children
IntellaShares, a collapsed “program” with a presence on the Ponzi boards and purportedly prepping for “relaunch,” now is under scrutiny by Save the Children. Jeremy Soulliere, a spokesman for Save the Children USA, confirmed the inquiry to the PP Blog this morning. Save the Children USA is an arm of Save the Children Federation Inc.,…
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‘The Achieve Community’ Promoter Records Commercial At ATM In Hawaii; YouTube Text Promo Claims Achieve A ‘True Lifetime Income Plan!’
UPDATED 10:42 A.M. ET DEC. 11 U.S.A. Promoters of the MPBToday network-marketing scam recorded promos at FDIC-insured banks and inside Wal-Mart stores to sanitize the outrageous “program’s” fraud scheme in 2010. In 2013, MPB Today operator Gary Calhoun was sentenced to a term in Florida state prison on a racketeering charge. MPBToday operated a cycler…
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AdClickXpress, Successor Scam To 2 Earlier Scams, Stirring Again — And Gets Bad Press In South African Media
“6. I affirm that I am not an employee or official of any government agency, nor am I acting on behalf of or collecting information for or on behalf of any government agency. I affirm that I am not an employee, by contract or otherwise, of any media or research company, and I am not…
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KABOOM! Banners Broker MLM ‘Program’ Described As ‘Criminal Enterprise’ That Gathered Tens Of Million Of Dollars
“Affiliates found to be contributing to the negativity on the Internet will have their accounts locked, they will be banned from participating in the Banners Broker system and they will forfeit all of their inventory and revenue.” — Banners Broker threat to members, February 2014 “It is the position of investigators that this business was…
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Could NLRB Decision Deal Blow To MLM HYIP Stepfordland?
EDITOR’S NOTE: This story is about a policy at a healthcare facility, not an MLM. Even so, some MLMs HYIPs seek to enforce positivity rules, a circumstance that drives robotic thinking, also known as Stepfordianism. __________________________ We’re thinking the uber-bizarre Banners Broker “program” here, but Banners Broker hardly is the only HYIP “opportunity” that reaches…