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Tag: HYIP schemes

UPDATE: Alleged JSS Tripler Promoter Referenced In Probe By Italian Securities Regulator CONSOB Also Is Pitchman For U.S.-Based Text Cash Network; Promoter’s Individual Domain Name Suspended; Ponzi-Forum Cheerleading Continues As JSS Tripler Website Encounters Problems

EDITOR’S NOTE: HYIP critics long have pointed out that many Internet-based schemes have members in common and that the interconnectivity of certain schemes creates a condition in which fraud proceeds circulate from scheme to scheme to scheme. Such fraud schemes can mushroom to involve tens of thousands — or even hundreds of thousands — of…

Feb 12, 2012
DISTURBING: JSS Tripler-Related Domain Listed In CONSOB Action Is Based In United States — But Suddenly Starts Redirecting To ‘JustBeenPaid’ Site In The Netherlands; Claim That ‘We’re Not Located In Any Unfriendly Political Jurisdictions’ Exposed As Rank Deception

On Jan. 23, CONSOB, the Italian securities regulator, made public an action against promoters of JSS Tripler, a “program” that advertises an annualized return of 730 percent. The claim alone would be enough to make Bernard Madoff or Charles Ponzi himself blush. Or projectile-vomit. But if the CONSOB action were not trouble enough, one of…

Feb 4, 2012
In Wake Of CONSOB Action, Affiliate ‘Press Release’ Calls JSS Tripler Members ‘Investors’ EIGHT Times And Suggests U.S. Government Approves Purported ‘Program’ That Advertises Return Rate That Dwarfs Madoff

You can’t make this stuff up . . . A week after CONSOB, the Italian securities regulator, announced it was opening a probe into the activities of JSS Tripler promoters amid claims the absurd “program” advertised returns that would make Bernard Madoff blush, a new “press release” ignores the CONSOB development, calls participants “investors” (eight…

Jan 30, 2012
URGENT >> BULLETIN >> MOVING: JSS Tripler Promoters Targeted By Italian Regulator CONSOB In Securities Probe

URGENT >> BULLETIN >> MOVING: Your time soon may be up if you’re flogging the absurd HYIP known as JSS Tripler. CONSOB, the Italian securities regulator, has opened a probe into the activities of multiple promoters amid concerns the purported “program” is being offered to Italian citizens unlawfully as a security. JSS Tripler is an…

Jan 27, 2012
T2’s ‘Dave’ Suggests Police Stood ‘Idly By’ As Trouble Engulfed His ‘Program’ That Advertises Daily Return Of 2 Percent; MoneyMakerGroup Suspends T2 Naysayers After Poster Claims Mod Pitched Dozens Of ‘Programs’ Now In Scams Folder

EDITOR’S NOTE: Our first reference to JSS Tripler 2 (T2), which is trading on the name of an obvious fraud scheme known as JSS Tripler, is here. JSS Tripler is part of a larger fraud scheme known as JustBeenPaid, which was pushed by members of the alleged AdSurfDaily Ponzi scheme and any number of Ponzi-forum…

Jan 15, 2012
‘DAVE’ UPDATE: JSS Tripler 2 (T2) Blocks Public Access To Forum; Purported ‘Admin’ Claims Members Distorting ‘The Facts’ As He Announces ‘Scan’ Of Member-Critics On MoneyMakerGroup; Faith Sloan Chides Legendary Huckster ‘Ken Russo’ With ‘Oopsies’

UPDATE: “Dave,” the purported “admin” of an increasingly bizarre HYIP known as JSS Tripler 2 (T2), has blocked public access to the T2 forum. T2, which purportedly was born after a meeting of Ponzi-forum minds, is using payment processors notoriously friendly to Ponzi and fraud schemes. The “program” is trading on the name of a…

Jan 12, 2012
EDITORIAL: Recruiting Seniors Into Your Downline? Why Ponzi-Forum Purveyors And Pimps Should Pay Attention To Dennis Bolze’s Failed Bid To Have His 27-Year-Prison Sentence Reduced

EDITOR’S NOTE: The U.S. Court of Appeals for the Sixth Circuit yesterday rejected the bid of convicted Tennessee fraudster and Ponzi schemer Dennis Bolze to have his 27-year prison sentence reduced. Although Bolze did not operate the sort of HYIP typically promoted on Ponzi boards such as TalkGold and MoneyMakerGroup, he advanced some of the…

Jan 10, 2012
URGENT >> BULLETIN >> MOVING: Legisi HYIP Pitchman Matthew John Gagnon Named In Criminal Complaint By U.S. Secret Service

URGENT >> BULLETIN >> MOVING: Matthew J. Gagnon, an alleged online pitchman for the Legisi HYIP Ponzi scheme, has been named in a criminal complaint filed by the U.S. Secret Service. Gagnon, 42, of Portland Ore., and Weslaco, Texas, was accused civilly by the SEC in 2010 of being “a danger to the investing public,”…

Dec 7, 2011
STATEMENT: PP Blog Experiencing Unusual Traffic Pattern During Anniversary Week Of Last Year’s Crippling Attack; Blog Confirms It Received A Claim Of Responsibility In April For Springtime Outage

At approximately 2:06 p.m. EDT Monday, the PP Blog began to experience an unusual traffic pattern. In the past, such patterns have been the precursors of sustained electronic assaults against the Blog. The unusual pattern reoccurred yesterday, and the Blog contacted a federal law-enforcement agency. The agency is aware of a server-killing assault on the…

Oct 26, 2011
Jury Convicts Florida Woman Who Ran Bizarre Ponzi And Fraud Scheme With Husband; Marian I. Morgan Guilty On All 22 Counts, Including Wire Fraud And Money-Laundering

A 57-year-old Florida woman who ducked out of the United States with her husband after becoming implicated in a $28 million HYIP/prime-bank swindle has been found guilty of wire fraud, money-laundering, conspiracy, interstate/foreign transportation of stolen funds and tax crimes, U.S. Attorney Robert E. O’Neill of the Middle District of Florida announced. The investigation into the…

Sep 30, 2011
UPDATE: Club Asteria, Cherry Shares, ‘JustBeenPaid’ Promoter ’10BucksUp’ Falsely Claims PP Blog Posts As ‘ISPY’ On MoneyMakerGroup Ponzi Forum; HYIP Apologist Taunts U.S. Law Enforcement In Bizarre Post

The bizarre descent into chaos of a failing “program” that claimed to be moving to “offshore” servers and once made its participants swear they were not government spies or media lackeys has gotten stranger yet. Poster “10BucksUp,” who’s now flogging the JustBeenPaid “program,” falsely claimed on the MoneyMakerGroup Ponzi forum today that the PP Blog…

Sep 13, 2011