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Tag: MoneyMakerGroup

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…

Mar 8, 2013
MAXIMUM IRONY? Man Tells British Newspaper That He Used Prepaid Mastercard From Banners Broker At ATM — And Received Counterfeit £20 Note

UPDATED AT 10:40 A.M. ET (U.S.A.) A member of the “Banners Broker” program tells The Bristol Post that he used a prepaid Banners Broker MasterCard at a NatWest ATM to withdraw £600 and that a counterfeit £20 note was in the stack of cash dispensed by the machine. The plan, Paul Scoplin reportedly told the…

Mar 7, 2013
North Carolina Secretary Of State: Profitable Sunrise ‘A Real Danger To The Investing Public’

EDITOR’S NOTE: Reproduced below is the full news release by the office of North Carolina Secretary of State Elaine F. Marshall on the cease-and-desist order issued last week to “Profitable Sunrise.” Even as the state has raised serious concerns about the “program,” Profitable Sunrise “defenders” have been seeking to minimize the issues. Some people even…

Mar 5, 2013
‘NewGNI,’ Apparent Knockoff HYIP Scam Promoted By Zeek And ‘Profitable Sunrise’ Cheerleader ‘Ken Russo,’ Appears To Have Collapsed

The website of “NewGNI” has not resolved to a server for days. The “program” is believed to have been a knockoff of a predecessor scam known as “GNI” or GoldNuggetInvest, which collapsed in early 2010 after being promoted by members of the AdSurfDaily Ponzi scheme. The collapse of the original GNI was about as bizarre…

Mar 3, 2013
INCREDIBLE: JSSTripler/JustBeenPaid Operator Frederick Mann Now Billed As Pitchman For Upstart Scheme Known As ‘ClickPaid’

UPDATED 8:51 A.M. ET (FEB. 20, U.S.A.) Frederick Mann, a former pitchman for the AdSurfDaily Ponzi scheme and the operator of the bizarre JSSTripler/JustBeenPaid “program” that advertised a return of 2 percent a day and morphed into a “program” known as “ProfitClicking” in the days after the SEC called rival HYIP Zeek Rewards a $600…

Feb 19, 2013
Legisi HYIP Pitchman Matthew John Gagnon Pleads Guilty, Admits He Didn’t Disclose ‘Touting’ Compensation Of More Than $1 Million And Caused More Than $7 Million In Losses

Legisi HYIP Ponzi-scheme pitchman Matthew John Gagnon has pleaded guilty in the Eastern District of Michigan to a criminal charge of not disclosing he’d been paid more than $1 million by Legisi and its operator Gregory N. McKnight to tout the “program” online. In a plea agreement now public after being fashioned in October and…

Feb 11, 2013
UPDATE: Sentencing For Legisi HYIP Operator Gregory McKnight Postponed Again Pending Depositions; Now Set For May 7

Sentencing for Gregory N. McKnight, the operator of the Legisi HYIP Ponzi scheme, has been postponed until May 7. McKnight had been scheduled to be sentenced today. The postponement marks at least the fourth in the case. McKnight pleaded guilty to wire fraud a year ago this month. The docket of the case in federal…

Feb 5, 2013
URGENT >> BULLETIN >> MOVING: Gary Calhoun, MPB Today Operator, Pleads Guilty To Racketeering Charge In Florida

URGENT >> BULLETIN >> MOVING: (UPDATED 1:06 P.M. ET U.S.A.) Gary Calhoun, the operator of the the MPB Today MLM “program” and a companion grocery-delivery business known as Southeastern Delivery, has pleaded guilty to a state-level racketeering charge in Florida. He was charged in December. Calhoun, 56, of Pensacola, was not immediately sentenced. But he…

Feb 5, 2013
Judge Orders More Than $22.8 Million In Penalties, Restitution For Trader’s International Return Network (TIRN); ‘Program’ Was Pitched On Ponzi Boards

David Merrick, the operator of Trader’s International Return Network (TIRN) fraud scheme, already is serving a TIRN-related, 97-month prison sentence for conspiracy to commit wire fraud, money laundering, and securities fraud, plus one count of money laundering. And now a federal judge has imposed addition sanctions, ordering Merrick and TIRN — a presence on Ponzi…

Feb 5, 2013
Former Zeek Pitchman Who Also Pushed JSS/JBP Scam Reportedly Doubts He’ll Be Paid By ProfitClicking, A Follow-Up ‘Program’

Former Zeek Rewards and JSSTripler/JustBeenPaid pitchman “Alan Chapman” reportedly now claims he hasn’t been paid by “ProfitClicking” for “at least 3 months,” according to a post quoting “Chapman” on the MoneyMakerGroup Ponzi forum. ProfitClicking is the absurd follow-up “program” to the bizarre JSS/JBP scam, a 730-percent-a-year “opportunity” purportedly operated by Frederick Mann. JSS/JBP may have…

Jan 14, 2013
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…

Nov 28, 2012