Club Asteria
PP Blog Tag archives on references to "Club Asteria."
UPDATE: PowerPoint Presentation For Club Asteria Says ‘Passive’ Income ‘100% GUARANTEED’: Is ‘Ken Russo’ Tone Deaf? Promoter Brags About $321 Payment Sent By Wire While Another Laments Payment Of 30 Cents; Members Say They’ll Contact AlertPay
UPDATED 9:09 A.M. EDT (June 14, U.S.A.) A PowerPoint pitch titled “Asteria Corporation” raises serious questions about the nature of the business “opportunity” and may undermine Club Asteria’s own claims that members alone are to blame for the company’s apparent troubles. The document is slugged “[ClubAsteriaPresentation]” and attributed to Asteria Corp. and Andrea Lucas. It […]
CFTC Revokes Registrations Of 2 Texas Firms That Operated Forex Ponzi Scheme Targeted At Elderly Churchgoers And Others In At Least 4 States; Firms Used ‘Charts’ Showing Magnificent Earnings And Cherry-Picked Name Of Warren Buffett For Fraud Pitch
EDITOR’S NOTE: The cases against M25 Investments Inc. (M25) and M37 Investments LLC (M37) include elements that are common in online fraud schemes. For starters, the offers were targeted at senior citizens and people of faith. Moreover, the firms relied on PowerPoint presentations and charts that wowed victims with tales of fantastic earnings. The fraud […]
URGENT >> BULLETIN >> MOVING: Club Asteria Promoters Blocked By CONSOB, Italian Equivalent Of SEC; Agency Issues Suspension Order; Is ‘Opportunity’ Described As ‘Passive’ Investment Being Targeted At Deaf?
BULLETIN: UPDATED 7:35 P.M. EDT (U.S.A.) The Commissione Nazionale per le Società e la Borsa (CONSOB), the Italian equivalent of the U.S. Securities and Exchange Commission, is conducting a probe into claims made about Club Asteria and has issued a 90-day suspension order that bars promoters from trading in Italy. Club Asteria is based in […]
Exotic FX, HYIP Promoted On Ponzi Scheme And Criminals’ Forums By Club Asteria Members, Collapses; Did Club Asteria Also Have Tie To Collapsed Imperia Invest IBC Fraud Scheme?
Exotic FX, an HYIP promoted on the Ponzi scheme and criminals’ forums by members of the Club Asteria HYIP, has collapsed. Exotic billed itself a “PRIVATE ASSET HAVEN.” The dollar value of member losses is unclear, and the firm’s website no longer loads. Chatter on Ponzi boards such as TalkGold and MoneyMakerGroup also suggests that […]
Club Asteria Members Posting On Ponzi Boards Turn Their Attention To ‘JSS Tripler’ Amid Claims Daily Payout Of 2 Percent ‘Indefinitely Sustainable’; ‘Bizarre Substatum’ Gets Crazier Yet
We’ve previously noted that the Financial Industry Regulatory Authority (FINRA) has described the HYIP sphere as a “bizarre substratum of the Internet.” That substratum now is getting crazier yet. Three weeks ago, Club Asteria was a great darling of the Ponzi boards. But weekly payout rates that purportedly have been slashed — coupled with a […]
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
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: Promo For Club Asteria Says Earnings ‘1000% Guaranteed,’ Introduces ‘Benefactor’ Program; Pitches Purportedly Show How To Earn ‘Huge Amount Without Doing Nothing’
Club Asteria, a Virginia-based company that acknowledged last week that it had liars selling its “opportunity,” appears to be having difficulty controlling its own members. A multisite promo that includes a promise of guaranteed earnings coupled with a “benefactor” program that encourages members to pay prospects’ fees to join the program now has surfaced. A […]
PICTURE STORY: Club Asteria Promoters Claim Program Is ‘Passive’ Investment Opportunity; ‘Single Account’ Said To Return ‘About $20,000 Per Year’; Why Not Open Second Account In Same Household? Affiliate Asks
Club Asteria members now say the firm, which trades on the name of the World Bank, suddenly threatened recruits for making false claims about the program. The PP Blog reported on April 4 that the program, which is being pumped on the Ponzi boards and the personal websites of thousands of Club Asteria members, was […]
FTC: Acai-Berry Scammers Created ‘Fake’ News Sites And Traded On Famous Name Of ‘Consumer Reports’ To Fleece The Masess; Letters ‘CNN’ Were Used In Web Domains In Illinois, State AG Says
EDITOR’S NOTE: If this federal and state action doesn’t get the attention of the out-of-control, direct-sales crowd that divines itself the right to plant the seed that an “offer” is endorsed by famous companies and people, well, perhaps nothing will. Even as this story is being written, affiliates of Club Asteria, a purported “passive” investment […]
Club Asteria Pitchman Uses Name Of Another Famous Bank In Ponzi-Forum Promo For ‘ThatFreeThing’; No Immediate Comment From JP Morgan Chase
UPDATED 10:51 A.M. EDT (U.S.A.) The name of JPMorgan Chase — one of the most prominent financial institutions in the world — is being used by “manolo” in a pitch for the ThatFreeThing (TFT) MLM program on the TalkGold Ponzi scheme and criminals’ forum. “manolo” also is promoting Club Asteria (CA), a highly questionable “program” […]