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Tag: Pathway To Prosperity

REPORT: Nicholas Smirnow, Pathway To Prosperity Operator, Sentenced To Prison In Canada

Nicholas Smirnow, the operator of the Pathway To Prosperity Ponzi-board “program” charged with fraud by U.S. authorities in 2010, has been sentenced in Canada to seven years in prison. News of the sentence appeared Sept. 30 at MuskokaRegion.com. Smirnow was arrested in Canada for P2P-related crimes in 2014. The United States has submitted an extradition…

Oct 13, 2016
United States Asks Canada To Extradite Nicholas Smirnow, Alleged Head Of ‘Pathway To Prosperity’ Ponzi Scheme

UPDATED 7:41 P.M. EDT U.S.A. If the office of U.S. Attorney Stephen R. Wigginton of the Southern District of Illinois gets its way, Canada will turn over accused international Ponzi schemer Nicholas Smirnow to the United States. Smirnow, whom INTERPOL says in a wanted notice is 57, was arrested at Toronto’s Pearson International Airport a…

Mar 24, 2015
SPECIAL REPORT: ‘Achieve Community’ Promoter On YouTube Shows Her Back Office For ‘Unison Wealth,’ Revealing Ponzi-Board Bonanza

EDITOR’S NOTE: In litigation related to Zeek Rewards, a Ponzi-board “program,” court-appointed receiver Kenneth D. Bell has raised a concern that network-marketers may be proceeding from one fraud scheme to another. Bell has asked a federal judge to take “judicial notice” of certain YouTube videos. ** ______________________** UPDATED 10:07 P.M. ET U.S.A. “Unison Wealth” is…

Dec 26, 2014
URGENT >> BULLETIN >> MOVING: Nicholas Smirnow, Pathway To Prosperity HYIP Ponzi Figure, Arrested At Airport In Canada

URGENT >> BULLETIN >> MOVING: (6th update 9:35 p.m. ET U.S.A.) Nicholas Smirnow, still listed by INTERPOL as a person wanted by the United States in the alleged Pathway To Prosperity (P2P) HYIP Ponzi scheme that affected people in 120 countries, has been arrested at Toronto’s Pearson International Airport, Canadian media outlets are reporting. U.S.…

Dec 16, 2014
BULLETIN: Tata Group, Famous Business Concern In India, Says Fraudsters Trading On Its Name To Push HYIP Scheme; Purported Agriculture ‘Program’ Has Presence On The Ponzi Boards

BULLETIN: (3rd Update 8:32 a.m. ET, Feb. 20 U.S.A.) The Tata Group, a global conglomerate based in India, says its name has been stolen by an HYIP Ponzi scheme. The fraud scheme is associated with a domain styled TataAgro.com and has a presence on the MoneyMakerGroup, TalkGold and DreamTeamMoney Ponzi forums, according to search results.…

Feb 18, 2014
BULLETIN: ‘PerfectMoney,’ Fraud-Scheme Processor Purportedly Based In Panama, Says It Is Banning U.S. Customers

BULLETIN: On the heels of the apparent shutdown of Costa Rica-based Liberty Reserve as part of an international money-laundering investigation, “PerfectMoney” says it is banning users from the United States. Perfect Money purportedly operates from Panama. (More below.) In an announcement dated today on its website, Perfect Money says that “due to changes in our…

May 25, 2013
UPDATE: Sentencing For Legisi Pitchman Matthew John Gagnon Now Set For June 18

Sentencing for Legisi HYIP Ponzi scheme pitchman Matthew John Gagnon has been rescheduled for June 18. Gagnon initially was scheduled to be sentenced yesterday, federal prosecutors said earlier this month. Gagnon pleaded guilty to not disclosing he’d been paid more than $1 million by Legisi and operator Gregory N. McKnight to tout the “program” online.…

May 22, 2013
UPDATE: Sentencing For Legisi HYIP’s Gregory McKnight Delayed Again; Sentencing For Pitchman Matthew J. Gagnon Also Moved

Sentencing for Legisi HYIP Ponzi scheme purveyor Gregory N. McKnight has been delayed again — this time until Aug. 6 at 1:30 p.m. McKnight had been scheduled to be sentenced today in the Eastern District of Michigan. The postponement marks at least the fifth in the case. Legisi, which had a presence on infamous Ponzi…

May 7, 2013
RECEIVER: AlertPay And SolidTrustPay May Hold Additional Zeek Assets; Forensic Team Is Working ‘To Investigate And Seize These Funds’

EDITOR’S NOTE: One way to read a report filed yesterday by the court-appointed receiver in the Zeek Rewards Ponzi-scheme case is as a warning manual that brings to life the kind of vexing problems HYIP schemes create for operators, vendors and participants — including “insiders.” Kenneth D. Bell’s report to Senior U.S. District Judge Graham…

May 1, 2013
AP (VIA YAHOO NEWS): Zeek’s Paul Burks Says Participants At Fault For Losing Money In Alleged $600 Million Ponzi Scheme

The Associated Press is reporting that Zeek Rewards operator Paul R. Burks claims that he is not at fault and that Zeek participants are to blame if they lost money. From the AP (via Yahoo News/italics added): “I never told anyone to invest more money than they could afford,” Burks snapped. “I didn’t tell them…

Mar 30, 2013
On The High Seas Of Facebook, The Search For New HYIP Blood In The Water Intensifies After ‘Profitable Sunrise’ Goes Missing

“HYIPs use an array of websites and social media — including YouTube, Twitter and Facebook — to lure investors, fabricating a ‘buzz’ and creating the illusion of social consensus, which is a common persuasion tactic fraudsters use to suggest that ‘everyone is investing in HYIPs, so they must be legitimate.’” — The Financial Industry Regulatory…

Mar 27, 2013