HYIP schemes
PP Blog Tag archives on references to "HYIP schemes."
Colorado Securities Commissioner Tells Durango Herald: ‘They Want So Badly To Believe In The Tooth Fairy’
Joe Hanel, the Denver correspondent for the Durango Herald, has written a series of reports that delves into the symphony of the bizarre surrounding Ponzi schemer Frederick H.K. Baker, who once was immersed in the HYIP world but now is in prison. If you’ve been wondering about the psychology of Ponzi schemes — perhaps particularly […]
LETTER TO READERS: Our Choice For The Most Important PP Blog Post Of 2012
Dear Readers, The PP Blog’s choice for the “Most Important” story to appear on the Blog in 2012 is this one, dated July 28: “Site Critical Of Zeek Goes Missing After HubPages Receives Trademark ‘Infringement’ Complaint Attributed To Rex Venture Group LLC — But North Carolina-Based Rex Not Listed As Trademark Owner; Florida Firm That […]
UPDATE: Receiver Sets Stage For Clawbacks In Zeek Ponzi Scheme Case: Filings Provide Clues About U.S. States In Which Fraudulent Transfers Allegedly Occurred
UPDATED 11:02 P.M. ET (U.S.A.) PP Blog reader “Tony” posted comments this morning about cases involving Rex Venture Group LLC popping up in federal courts beyond the Western District of North Carolina, home base of the SEC’s Zeek Ponzi scheme case and the court-appointed receiver. Rex Venture is the parent company of North Carolina-based Zeek. […]
UPDATE: Sentencing For Legisi HYIP Ponzi Swindler Gregory McKnight Rescheduled For Feb. 5
Sentencing for a Michigan man federal prosecutors accused of “semantic obfuscation” for the manner in which his “program” was promoted has been rescheduled for Feb. 5, according to the docket of U.S. District Judge Mark A. Goldsmith of the Eastern District of Michigan. The sentencing delay for Gregory N. McKnight, who conducted the Legisi HYIP […]
BULLETIN: Zeek Mystery Deepens: Receiver Says He Discovered ‘Foreign’ Account That Has NOT Been Seized; Meanwhile, $5 Million In Cashier’s Checks From Single U.S. Bank Found At Zeek Headquarters; Firm’s Records Described As ‘Inadequate Or Incomplete’; Secret Service Has Recovered Lion’s Share Of $293 Million Found So Far
BULLETIN: (5TH UPDATE 6:13 P.M. EDT) The court-appointed receiver in the Zeek Rewards Ponzi scheme case says he discovered that Zeek has “at least one foreign account” that has not been seized. It was “not clear” whether the funds would be recoverable despite the fact the bank that holds the account has been served with […]
UPDATES: (1) Cyberstalker Resurfaces To Claim The Zeek ‘Defense Fund Is Snowballing’ And To Accuse PP Blog And Supporters Of Communism; (2) Blog Receives Separate Email That Plants Seed It Is A ‘Mercenary/Assassin For The SEC & NCAG’; (3) A Series Of Death Threats
A cyberstalker who has used more than a dozen usernames and bogus email addresses to send harassing communications to the PP Blog resurfaced today after an absence of days. The stalker appears to be sending unwanted communications from a series of IPs in the region of Columbus, Ohio. Today’s would-be posting bid was targeted at […]
BULLETIN: Citing Gregory McKnight’s ‘Semantic Obfuscation,’ Prosecutors Ask Judge To Sentence Convicted Legisi HYIP Swindler To 15 Years — ‘The Top Of The Sentencing Guidelines’; Like Zeek, ‘Program’ Was Pushed On The Ponzi Boards And Instructed Members Not To Use The Word ‘Investment’
BULLETIN: Yesterday’s scheduled sentencing of convicted Legisi HYIP swindler Gregory N. McKnight has been delayed until Nov. 19, but federal prosecutors in the Eastern District of Michigan have asked U.S. District Judge Mark A. Goldsmith to sentence McKnight to 15 years in prison. McKnight and Legisi relied on “semantic obfuscation” in which investors were told […]
The Bizarre Wordplay Of ‘ProfitClicking’
“25. Individual PC members are not responsible for the performace [sic] of PC or any other programs, products, and services provided by PC. Individual PC members, including those who introduce, sponsor, or refer other members, incur no liabilities or obligations in respect of PC’s financial decisions and directions and any other programs, products, and services […]
Missouri Orders Alleged HYIP Operated By Christopher Hanson To Cease And Desist; Scheme Reached Into North Carolina, State Alleges; Tough Economic Times Give Scammers Opportunity To ‘Pull Schemes Directly From The Pages Of The Fraud Playbook,’ Official Says
UPDATED 10:52 A.M. EDT (U.S.A.) Christopher Hanson of Springfield, Mo., has been ordered to “cease and desist” from offering an HYIP “featuring supposed ‘leveraging’ on U.S. Treasuries,” the office of Secretary of State Robin Carnahan announced. Missouri state securities regulators described the scheme as a hybrid that married Hanson’s HYIP to a prime-bank scheme. “In […]
URGENT >> BULLETIN >> MOVING: U.S. Secret Service Confirms Probe Of Zeek Under Way
URGENT >> BULLETIN >> MOVING: Zeek Rewards, the multilevel marketing program married to the penny-auction site Zeekler, is under investigation by the U.S. Secret Service and the Securities and Exchange Commission, the Secret Service confirmed at 4:14 p.m. EDT today. “There will be no further comment,” said Max Milien, a spokesman for the U.S. Secret […]
UPDATES: (1) HYIP Huckster ‘Dave’ Launches New Scams, Says He’s Gearing Up For ‘Auction’ Business; (2) BidsThatGive ‘Auction’ Site Says It Will Launch Tomorrow; (3) Zeek ‘Auction’ Business Names New Officers — And Affiliates Make ‘I Got Paid’ Posts As Purported Earnings Calculator Appears On Ponzi Forum
EDITOR’S NOTE: In Ponzi Land, HYIPs that suggested returns of 1 percent (or more) per day “worked” to line up lambs for the slaughter. So did autosurfs that planted the 1 percent a day (or more) seed. Now, 1 percent a day (or more) “auction” sites are “working.” Will they mushroom globally like HYIPs and […]