DreamTeamMoney

BULLETIN: (3rd Update 8:32 a.m. ET, Feb. 20 U.S.A.) The Tata Group, a global conglomerate based in India, says its name has been stolen by an HYIP Ponzi scheme. The fraud scheme is associated with a domain styled TataAgro.com and has a presence on the MoneyMakerGroup, TalkGold and DreamTeamMoney Ponzi forums, according to search results. […]

**[UNCONFIRMED]** A report in Brazilian media translated by Google Translate from Portuguese to English says that prosecutors in Brazil have asked a U.S. court to prevent new members from joining TelexFree and to block the accounts of TelexFree figures Carlos Wanzeler, James Merrill, Carlos Costa and Lyvia Wanzeler. The PP Blog could not immediately confirm […]

A “program” with the bizarre name of “CashCropCycler” (Triple C) is being pushed on the Ponzi forums, amid claims it issues cashouts through offshore payment processors linked to fraud scheme after fraud scheme and gives enrollees $10 just for signing up. An earlier HYIP scam known as JSSTripler/JustBeenPaid that appears to have morphed into at […]

UPDATED 5:41 P.M. EDT (U.S.A.) A spammer hit a Profitable Sunrise Facebook site yesterday with five drive-by offers for “AdHitProfits.” All five of the machine-gunned theft bids claimed the same thing: “make money every half an hour…100% commission let your money grow for you at high speed.” The AHP “program” also is being pitched on […]

UPDATED 4:04 P.M. EDT (U.S.A.) It has been another miserable PR week for MLM. Some members of the alleged Zeek Rewards Ponzi- and pyramid scheme now are receiving over-the-top emails for an emerging travel-membership “program” known as “MyFunLife,” a source tells the PP Blog. Meanwhile, executives from a longstanding MLM company are suing each other […]

EDITOR’S NOTE: Thanks to PP Blog reader “Tony” for pointing us to the British Columbia Securities Commission (BCSC) warning against the Lucra Fund and Goldenarium HYIP schemes. Earlier this month, BCSC issued a warning on the Profitable Sunrise scheme. The British Columbia Securities Commission has issued warnings on HYIP “programs” known as Lucra Fund and […]

Andrey C. Hicks, accused civilly by the SEC last week of orchestrating a domestic and offshore fraud, now has been charged criminally with wire fraud, federal prosecutors in Massachusetts said. Separately, TMZ.com is reporting that Hicks was a guest at the $10 million, August wedding of reality-TV star Kim Kardashian and Kris Humphries, a professional […]

UPDATE: (UPDATED 11:53 A.M. EDT (U.S.A.) RealScam.com is reporting that the website of a bizarre HYIP known as “Insectrio” will not resolve. As the PP Blog reported on May 27, Insectrio was emerging as a darling on the Ponzi boards. The purported “opportunity” even used a graphic showing the logos of TalkGold, MoneyMakerGroup and DreamTeamMoney […]

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 […]

UPDATED 7:26 A.M. EDT (U.S.A.) A Nevada company that advertises “job” openings and is being promoted on Ponzi forums such as TalkGold, MoneyMakerGroup, ASAMonitor and DreamTeamMoney has delayed its launch. WebsiteTester.biz made the announcement on its website. Forum posters across the world had expected the launch to be under way fully today, but Website Tester […]