Tag: MoneyMakerGroup
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AN HYIP PARANOIA-MAKER: Undercover Agent Listens To Alleged Bankrupt Fraudster’s Pitch In ‘Hooters’; SEC Files Emergency Action Alleging Christopher Love Blackwell At Helm Of Massive Fraud Scheme
EDITOR’S NOTE: This developing story on the alleged actions of accused securities schemer Christopher Love Blackwell is apt to cause paranoia among HYIP and prime-bank fraudsters, including criminals who populate online forums such as TalkGold and MoneyMakerGroup. It features the presence of a Department of Homeland Security (DHS) undercover operative who allegedly infiltrated Blackwell’s scheme…
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TalkGold Ponzi And Criminals’ Forum Deletes ‘Sticky’ Thread On InstaForex; Firm Named Defendant In CFTC Sweep Used Payment Processor Whose Contact Person Is Referenced In International Money-Laundering And Narcotics Case
The TalkGold Ponzi scheme and criminals’ forum has deleted a “sticky” thread reportedly paid for by InstaForex, a dubious company named a defendant in a registration sweep conducted by the U.S. Commodity Futures Trading Commission last month. The PP Blog reported two days ago that InstaForex was using TalkGold to promote a scheme by which…
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‘FRAUD CREEP’: The Two-Word Term That Explains How Crime Expands On The Internet To Affect Tens Of Thousands Of Victims At A Time
EDITOR’S NOTE: Our definition of “fraud creep” — and suggestions on the context in which the term should be applied — appears lower in this story. First, some background . . . Investigators now are counting victims of massive, web-based fraud schemes tens of thousands at a time. Such scams pose both budgetary and logistical…
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EDITORIAL: ASD By The Numbers: Why America And The World Should Be Shocked — And Why Serial Autosurf And HYIP Promoters Should Be Prosecuted
UPDATED 12:04 P.M. ET (U.S.A.) In court filings this week in the AdSurfDaily autosurf Ponzi scheme case, federal prosecutors in the District of Columbia revealed a series of jaw-dropping numbers. The biggest of these is 500,000 — the number of pages of emails gleaned so far in the investigation, which began in July 2008. Because…
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PROSECUTION: ASD Member Funded Account With Transfer From E-Bullion And Used Ad Rotator To Pitch ‘StreamlineGold,’ Apparent Pyramid Scheme; Records Show E-Bullion Founder Charged In Wife’s Murder In California
An AdSurfDaily promoter whose cash was seized in February 2009 and now has been targeted for forfeiture funded one of her three ASD accounts in part with a transfer from E-Bullion, a shuttered payment processor whose founder was charged in 2008 with operating an unlicensed money-transmitting business and hiring a hit man to kill his…
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DISTURBING: Email Received By Some ASD Members Suggests They Could Be Sued For Participating In Refund Program; Records Suggest ‘Legal Opinion’ Was Offered By Man Named In Complaints For ‘Unauthorized Practice Of Law’ And Linked To ‘Extremist Group’ By Anti-Defamation League
In a bizarre and unsettling development, some members of AdSurfDaily who may be planning to file for restitution through the official claims administrator have received a confusing and threatening email from a “group” of ASD members. The email, which appears to be a compendium that cobbles together communications from the group and asks ASD members to…
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Did MPB Today Have Predecessor Company Known As ‘MyPremierBiz’ In 2009? Wellness, ‘Apps’ Programs Pitched From Ponzi Boards Last Year Prior To Birth Of ‘Grocery’ MLM
A website known as MyPremierBiz.com was hyped on Ponzi boards last year and videos were produced to drive traffic to a confusing “opportunity” that included both a straight-line and a 2×2 matrix cycler and a hard-to-decipher sales and compensation program. Affiliate links were created for the program, which was purported on the MoneyMakerGroup forum to…
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Another MPB Today Site Uses Walmart’s Name In Domain Name; Positions ‘Grocery’ Biz As ‘Freedom Club’ In Domain Hidden Behind Proxy; Uses Images Of Buffet, Trump And Late Sam Walton
Yet-another domain linked to the purported MPB Today “grocery” program is using Walmart’s name in its domain name. The domain name is registered behind a proxy and uses images of Warren Buffet, Donald Trump and Sam Walton to position the opportunity as a “Freedom Club.” Sam Walton is the late founder of Walmart. It is…
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BULLETIN: SEC Gains Asset Freeze, Seeks Shutdown Of Imperia Invest In Emergency Action; Program Pitched On Same Ponzi Forums Promoting MPB Today; Agency Says Imperia Defrauded Thousands Of Deaf Americans
BULLETIN UPDATED 5:02 P.M. EDT (U.S.A.): The SEC has gone to federal court in Utah to halt the operations of Imperia Invest IBC, alleging a spectacular fraud that fleeced money from thousands of Americans with hearing impairments. Imperia was promoted from the MoneyMakerGroup Ponzi forum — one of the Ponzi forums promoting the MPB Today…
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ASA Monitor Ponzi And Criminals’ Forum Locks MPB Today Thread — Again; Naysayers Scolded By Mod For Challenging ‘Ken Russo’
EDITOR’S NOTE: The ASA Monitor Ponzi forum now has reopened its thread on the MPB Today MLM program — with a warning in red to “Play nice . . .” UPDATED 9:54 A.M. EDT (U.S.A.) A forum infamous for promoting Ponzi schemes and other criminal pursuits has locked the thread from which the MPB Today…
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BULLETIN: USDA Following Specific Leads In MPB Today Matter; Agency’s Food And Nutrition Arm Will ‘Take Appropriate Action As Needed’
BULLETIN: The U.S. Department of Agriculture (USDA) said this afternoon that the agency’s Food and Nutrition Service is following specific leads in the MPB Today matter and will “take appropriate action as needed.” For the first time, the agency used the word “investigate” in its remarks about MPB Today, an MLM tied to a purported…