CA

PP Blog Tag archives on references to "CA."

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

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 […]

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

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 […]

UPDATE: Club Asteria Members Use TalkGold Ponzi Forum To Announce That Firm Now Has More Than 200,000 Members; Separately, Some Members Grumble About Missing Payouts

UPDATE: Club Asteria Members Use TalkGold Ponzi Forum To Announce That Firm Now Has More Than 200,000 Members; Separately, Some Members Grumble About Missing Payouts

EDITOR’S NOTE: The adjective-inspiring story below is made possible by the incongruous behavior of online pitchmen who operate in an environment the Financial Industry Regulatory Authority (FINRA) described last year as a “bizarre substratum of the Internet.” Two promoters of Club Asteria, a business “opportunity” purportedly operated by a woman variously described as a former […]