Tag: CA
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As Promos On Ponzi Forums Continue And Members Claim IRS Recognition, Club Asteria Acknowledges That Its Members Used PayPal ‘To Cheat Fellow Members’; Says Fraudsters Were Turned Over To Unidentified ‘Authorities’; Existing Members Of Virginia-Based Firm Told To Use Offshore Processors
In June 2010, the U.S. Department of Justice used its Blog to warn about the emerging threat of “mass marketing fraud,” specifically citing the criminal allegations of a $70 million Ponzi fraud against Nicholas Smirnow of Pathway To Prosperity (P2P). P2P was promoted on the TalkGold and MoneyMakerGroup Ponzi forums. A little over a month…
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Post On Infamous Ponzi Forum Claims PayPal Has Frozen Club Asteria Funds; Virginia-Based Firm Reportedly Slashes Weekly ‘Earnings’ Payout And Arbitrarily Withholds Payments To Members
UPDATED 9:37 A.M. EDT (U.S.A.) A post on the MoneyMakerGroup Ponzi scheme and criminals’ forum claims that PayPal has frozen funds of Club Asteria (CA), a Virginia-based firm that trades on the name of the World Bank and does not publish verifiable financial data. There was no independent confirmation of the claim on CA’s landing…