Tag: Financial Markets Authority of New Zealand
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MORE MLM WHACK-A-MOLE: (1) Quebec Securities Regulator Issues Warning On Karatbars International; (2) Cross-Border Colleagues Follow Suit; (3) Former Zeek Ponzi Scheme Pitchman Defends ‘Program’ As Others Push It Alongside TelexFree
UPDATED 12:21 P.M. EDT (MARCH 28, U.S.A.) Whack-A-Mole. Here’s the latest disturbing incarnation: On March 20, the Autorité des marchés financiers (AMF) published a warning on a gold “program” known as Karatbars International GmbH. BehindMLM.com spotlighted the warning yesterday. From the AMF warning (bolding added): “With the company’s ‘Affiliates’ program, investors can make Internet-based purchases…
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Kansas Dismisses Action Against Profitable Sunrise Figure Nancy Jo Frazer
The office of the Securities Commissioner of Kansas has dismissed a civil action against Profitable Sunrise HYIP figure Nancy Jo Frazer and Ohio-based Focus Up Ministries, doing business as NJF Global Group. The dismissal was “without prejudice,” meaning that the state could file again under certain conditions. The dismissal order is dated Nov. 26. It…
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BULLETIN: Kansas Issues Cease-And-Desist Order To Profitable Sunrise; Document Names 2 Alleged Promoters, Including Nanci Jo Frazer; State Urges Investors To Contact Securities Commissioner
BULLETIN: The state of Kansas has issued a cease-and-desist order against the alleged Profitable Sunrise HYIP scheme, saying the “program” offered “gaudy” returns “of 1.6% to 2.7% on a daily basis.” In a statement, Kansas securities officials say the order names Florida resident David P. Cozzocrea as a Profitable Sunrise pitchman. Cozzocrea’s promo appeared on…
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BULLETIN: Britain’s Financial Services Authority (FSA) Puts ‘Profitable Sunrise’ On Warning List Of ‘Unauthorised Firms And Individuals’
BULLETIN: The Financial Services Authority (FSA) of the United Kingdom has placed the Profitable Sunrise “program” on a warning list of “unauthorised firms and individuals.” Profitable Sunrise also is under scrutiny by American regulators in North Carolina and Alabama. The HYIP “program” purportedly is operated by Roman Novak. Separately, the New Zealand Herald is reporting…
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Now, A ‘Fraudulent $53 Million Worldwide Off-Exchange Forex Scheme,’ CFTC Alleges; Agency Charges Australian Resident Senen Pousa, U.S. Residents Joel Friant And Michael Dillard, Along With ‘Investment Intelligence Corp.’ And ‘Elevation Group Inc.’
EDITOR’S NOTE: In a statement on the allegations against Senen Pousa, Joel Friant, Michael Dillard and their companies, the CFTC pointedly stressed that international agencies cooperated in a probe and that the alleged scammers created victims in multiple nations . . . The CFTC has gone to federal court in the Western District of Texas, alleging…