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Tag: D.M.G. Group

On The High Seas Of Facebook, The Search For New HYIP Blood In The Water Intensifies After ‘Profitable Sunrise’ Goes Missing

“HYIPs use an array of websites and social media — including YouTube, Twitter and Facebook — to lure investors, fabricating a ‘buzz’ and creating the illusion of social consensus, which is a common persuasion tactic fraudsters use to suggest that ‘everyone is investing in HYIPs, so they must be legitimate.’” — The Financial Industry Regulatory…

Mar 27, 2013
International MLM Huckster Who Laundered Money For Colombian Narcotics Operation Sentenced To 9 Years In U.S. Prison; David Murcia Also Faces 30-Year Term Behind Bars In South America Upon Release

David Eduardo Helmut Murcia Guzman (David Murcia), the MLM huckster whose pyramid scheme targeted the poor in Latin America and laundered money for a Colombian narcotics operation, has been sentenced to nine years in a U.S. federal prison. Murcia, 30, also faces a 30-year prison sentence in Colombia after his release from a U.S. jail.…

Jul 12, 2011
BLOCKBUSTER ARREST: MLM Pyramid Scheme Operator Charged With Laundering Drug Money; David Murcia Extradited From Colombia To Stand Trial In New York

EDITOR’S NOTE: Finding the United States an unfriendly environment, the so called autosurf and HYIP “industries” increasingly are relying on offshore money-exchange businesses and debit cards to entice participants, advising them that the offshore locations are “safe” havens that “shelter” U.S. residents from regulators and law-enforcement agencies. In August 2009, we reported that a Dallas-based…

Jan 6, 2010