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Tag: MoneyMakerGroup

Zeek Rewards MLM Says Affiliates Must Cash Checks ‘Immediately’ Because It Is Closing Accounts At 2 U.S. Banks

UPDATED 8:18 A.M. EDT (MAY 29, U.S.A.) In a curious Memorial Day announcement placed below a representation of the American flag, the Zeek Rewards MLM “program” told affiliates they must cash commission checks “immediately” because Zeek is switching banks. “Zeek is currently in the process of moving to a bank that can handle our growing…

May 28, 2012
WILL JSS/JBP AND ‘ONEX’ MEMBERS PAY ATTENTION? Andy Bowdoin’s Plea Agreement Bans Him From MLM, Internet Programs And Mass Marketing; ‘I Am Pleading Guilty Because I Am In Fact Guilty . . .,’ AdSurfDaily Patriarch Tells Judge

Under the terms of his plea agreement, AdSurfDaily President Andy Bowdoin effectively has been banned from multilevel marketing, Internet opportunities and businesses that employ mass marketing. The agreement contains this provision, and Bowdoin consented to it in writing as a condition of release before he is formally sentenced: “Your client shall not participate in any…

May 19, 2012
A PONZI WORLD FIRST? JSS Tripler 2 Collapses — And Obvious Ponzi ‘Program’ Blames Ponzi-Pushers’ Forum For Demise

UPDATED 4:05 PM EDT (U.S.A.): It’s MoneyMakerGroup’s fault that JSS Tripler 2 (T2) — also known as T2MoneyKlub — has collapsed. And it’s also the fault of “Elmer,” a forum poster who apparently committed the unpardonable sin of questioning the legitimacy of a scheme that advertised a return of 2 percent a day — after…

May 13, 2012
UPDATE: Call In Which Frederick Mann Told JSS/JBP Members That ‘Opportunity’ Was Paying Them With Funds From ‘New Members’ Goes Missing From Website

UPDATED 7:44 A.M. EDT (U.S.A.). A potentially damning audio recording of a March 15 conference call in which Frederick Mann told JSS Tripler/JustBeenPaid members that the “opportunity” was paying them with money from “new members” has gone missing from the JSS/JBP website. The precise date on which the recording was removed was not immediately clear.…

May 1, 2012
BULLETIN: SEC Says British Twin Brothers Started ‘Pump And Dump’ Fraud As Teens And Pushed Fake ‘Stock-Picking Robot’; Combined Scams Allegedly Generated Millions

BULLETIN: The SEC has gone to federal court in New York, alleging that 20-year-old British twin brothers Thomas Edward Hunter and Alexander John Hunter started an elaborate online fraud scheme when they were 16 and netted millions of dollars. At least three Hunter websites were involved in the fraud, according to the SEC: DoublingStocks.com, DayTradingRobot.com…

Apr 20, 2012
On Zeek Rewards, Cheerleaders, Currency And Exclamation Points

Owing to time constraints, the PP Blog hasn’t written much about Zeek Rewards, an MLM “program” married to a penny-auction site known as “Zeekler.” For simplicity, we’ll refer to both arms as “Zeek.” The structure of Zeek and precisely what it does are just plain baffling. Even so, it appears to have a legion of…

Apr 20, 2012
UPDATE: JSS Tripler 2 And Associated Scams Get More Bizarre By The Day: After Purported Bout With Dengue Fever, ‘Dave’ Purportedly Gets Married; Cashouts Now Reportedly Delayed Due To Wedding And Script Glitch — As Members Encouraged To Carry Out Blog-Posting ‘Tasks’

This will be a familiar refrain to many readers of the PP Blog: In July 2010, the Blog reported that the Financial Industry Regulatory Authority (FINRA) had launched a public-awareness campaign about HYIP fraud. FINRA called the HYIP sphere a “bizarre substratum of the Internet.” Just a month earlier — in June 2010 — the…

Apr 15, 2012
[VOMIT ALERT]: JSS Tripler 2 — After Name Change to T2MoneyKlub — Opens Feeder Scam Called Compound150; Operator/Cheerleader Lecture MoneyMakerGroup Ponzi-Forum Mods As ‘Opportunity’ Targets ‘Compounding Lovers’

The ink was barely dry on the most recent civil judgments for millions of dollars against serial HYIP pitchman Matthew J. Gagnon when Compound150 launched yesterday. On Tuesday, the SEC announced $4.2 million in new court-ordered assessments against Gagnon, who’d earlier been hit with more than $2.5 million in assessments in a related case and…

Apr 1, 2012
URGENT >> BULLETIN >> MOVING: Legisi Ponzi-Scheme Pitchman Matthew J. Gagnon Ordered To Pay More Than $4.2 Million In Disgorgement, Penalties

UPDATED 10:35 P.M. EDT (U.S.A.) Matthew John Gagnon, an HYIP huckster and promoter of the Legisi Ponzi scheme, has been hit with orders of disgorgement and penalties totaling more than $4.2 million, the SEC said. Gagnon, of Portland, Ore., and Weslaco, Texas, was described by the SEC as a serial promoter of fraud schemes through his…

Mar 28, 2012
6 Pitchmen Who Raised Funds Plowed Into Jeffrey Mowen’s Ponzi Sanctioned By SEC On Heels Of Long-Running Lawsuit; Alleged Offering Fraud’s Advertised Monthly Payout Rate 20 Times LOWER Than JSS Tripler/JustBeenPaid

UPDATED 7:43 A.M. ET (MARCH 9, U.S.A.) If ever there has been a cautionary tale for HYIP pitchmen, it is Jeffrey Lane Mowen’s Utah Ponzi scheme. Mowen and at least six promoters ended up inspiring litigation on multiple fronts, with Mowen charged criminally. At issue was Mowen’s Forex Ponzi scheme, which allegedly was funded in…

Mar 8, 2012
UPDATE: Antihistorical ‘MoneyMakingBrain’ Claim: ‘Law Enforcement Agencies Don’t Pay Attention To What’s Being Said On Forums And Blogs’

“There is a line between First Amendment Rights vs. Libel here. So, when does your right to form an opinion begins (sic) and when does it constitute a defamation of character? The answer is, law enforcement agencies don’t pay attention to what’s being said on forums and blogs, so get your head straight and feet…

Mar 5, 2012