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Tag: Profitable Sunrise Long Haul

  • YouTube Video Pitchmen For Profitable Sunrise Hit By Subpoenas From SEC

    John Schepcoff says he potentially lost more than $193,000 in Profitable Sunrise but that a new “program” is “1,000 percent” better.
    John Schepcoff says on YouTube that he potentially lost more than $193,000 in Profitable Sunrise but that a new “program” operating from Hong Kong is “1,000 percent” better.

    EDITOR’S NOTE: Much remains murky about Profitable Sunrise, the alleged purveyor of five HYIP “plans,” including one bizarrely dubbed the “Long Haul” that purported to pay a preposterous 2.7 percent a day. The “Long Haul” payoff was dubbed the “Easter Gift.” Investors were told it would arrive April 1 — but it never materialized.

    One thing that is abundantly clear is that Profitable Sunrise potentially has created legal exposure and inconvenience for individual pitchmen, even though purported operator “Roman Novak” appears to be gone like a thief in the night.

    Still pushing HYIP schemes?

    _____________________________

    At least three Profitable Sunrise pitchmen — including at least two who pushed the “program” on YouTube — have been subpoenaed by the SEC to appear at depositions this month. The agency’s move is occurring in the aftermath of the depositions of at least two other Profitable Sunrise figures in Florida and Utah in April.

    In July 2010, the PP Blog reported that the Financial Industry Regulatory Authority (FINRA) warned investors worldwide “to stay away from HYIPs,” saying that they use social-media sites such as YouTube, Twitter, Facebook and online forums and “rating” sites to spread Ponzi misery globally.

    At least two of the men named in the new round of subpoenas went on to push other purported “opportunities” after the SEC described Profitable Sunrise in April as a murky HYIP that had used a “mail drop” in England and a series of offshore bank accounts in multiple countries to scam investors potentially of tens of millions of dollars.

    A subpoena was docketed yesterday in federal court in Atlanta for John Schepcoff of Carmichael, Calif. Schepcoff also is known as James Schepcoff, according to the SEC. His deposition has been scheduled for June 12 at 10 a.m. in San Francisco.

    After pitching Profitable Sunrise on YouTube prior to its March collapse amid especially murky circumstances, Schepcoff returned to YouTube in late April and began pitching yet another murky “program” purportedly operating from Hong Kong. Although the identity of the Hong Kong “program” was unclear, records suggest it was a Zeek Rewards-like “opportunity” known as “Better-Living Global Marketing.”

    In August 2012, the SEC described Zeek as a $600 million Ponzi- and pyramid scheme that had pushed unregistered securities on hundreds of thousands of people and duped them into believing they were receiving a legitimate return of about 1.5 percent a day. The U.S. Secret Service also said it was investigating Zeek.

    A subpoena also was docketed in Atlanta yesterday for video pitchman Melton McClanahan of Fairfield, Calif. McClanahan was identified in a March order by the Alabama Securities Commission (ASC) as a Profitable Sunrise agent. McClanahan then posted a YouTube video denying he was an agent and yet claiming the information he passed along to lure prospects “was given to me.”

    McClanahan’s deposition is scheduled for June 11 at 10 a.m. in San Francisco.

    An SEC subpoena also was docketed yesterday in Atlanta for Don Gillette of Miami. Gillette reportedly told members of his Profitable Sunrise downline that he was turning to a new “program” that “must have a realistic earning potential of at least $500 a day or more,” according to a post at the RealScam.com antiscam forum.

    Details about the scheduling of Gillette’s deposition are unclear.

    As part of its ongoing Profitable Sunrise probe, the SEC also has subpoenaed records at PayPal and at Societe Generale in New York, according to the docket of U.S. District Judge Thomas W. Thrash Jr. in Atlanta. Whether Profitable Sunrise or its members were using the companies to move money is unclear.

    One of the problems with HYIP schemes is that they may cause laundered funds or proceeds of criminal enterprises to pass through or be placed on deposit at legitimate financial institutions.

    News of the new round of Profitable Sunrise subpoenas follows on the heels of the takedown last month of Liberty Reserve, amid allegations it had orchestrated a $6 billion money-laundering conspiracy. Liberty Reserve was popular with HYIP scammers and other criminals.

    NOTE: Thanks to the ASD Updates Blog.

     

  • Virginia Man Asks For The Return Of More Than $57,000 Wired To Profitable Sunrise In Series Of Transactions

    ponzinews1UPDATED 8:52 P.M. EDT (U.S.A.) A Virginia man has asked for the return of $57,300 wired to Profitable Sunrise in a series of transfers from Bank of America between Jan. 17 and Feb 28. It was unclear from the filing whether the man was a simple investor in Profitable Sunrise, an individual who also was promoting the scheme for commissions or an interested party of a different sort.

    The request was made in the form of a self-filed petition to U.S. District Judge Thomas W. Thrash Jr. in Atlanta. Thrash is overseeing the SEC’s April 4 fraud action against Profitable Sunrise.

    Two of the transfers appeared to have occurred on Feb. 28. Just a day earlier, the state of North Carolina filed a cease-and-desist order against the Profitable Sunrise “program” and purported operators Roman and Radoslav Novak. One of the Feb. 28 transactions was for $18,000 and marked the largest sum among the series of transfers, based on the Virginia’s man’s motion for the court to release the funds.

    The document did not say which of the five Profitable Sunrise “plans” to which the money was directed. Although the SEC obtained an asset freeze after accusing Profitable Sunrise of fraud last month, it is far from clear whether Thrash can order the money returned consistent with the man’s wishes. No receiver has been appointed in the Profitable Sunrise case, and the investigations of the purported “opportunity” by the SEC and other regulators continue.

    One of the five Profitable Sunrise “plans” was known as the “Long Haul,” which had a purported deadline of March 1 for accepting deposits and purported to pay an absurd 2.7 percent daily.

    Based on the man’s filing, it appears as though all of the transfers were directed at entities named relief defendants in the SEC’s action, including Melland Company SRO, Color Shock SRO and Fortuna-K SRO. These Czech entities apparently were receiving money for Profitable Sunrise, which operated through a British entity known as Inter Reef LTD and was conducting an offering fraud through a “mail drop,” according to the SEC’s Profitable Sunrise complaint.

    Like other HYIPs, Profitable Sunrise was flogged online, a situation that potentially puts pitchmen in legal jeopardy. Profitable Sunrise has been accused of selling unregistered securities as investment contracts. The SEC said the Profitable Sunrise referral program operated as a “pyramid scheme” and raised questions about whether the purported Novak brothers actually exist.

    Here are the amounts and dates of the wire transfers, according to the man’s filing:

    • $1,500 on Jan. 17.
    • $6,300 on Feb. 1. (Two transactions; one for $1,800 and another for $4,500.)
    • $9,000 on Feb. 12. (Two transactions; one for $3,000 and another for $6,000.)
    • $8,500 on Feb. 15. (Two transactions; one for $1,000 and another for $7,500.)
    • $10,000 on Feb. 20.
    • $18,000 on Feb. 28.
    • $4,000 on Feb. 28.

    Profitable Sunrise may have gathered tens of millions of dollars, the SEC said last month.

     

  • WTOL To Air Profitable Sunrise Report Titled ‘Holy Rip Off’

    From The WTOL teaser.
    From The WTOL teaser.

    EDITOR’S NOTE: GlimDropper, an administrator at the RealScam.com antiscam forum, gave PP Blog readers a heads-up on the WTOL report yesterday . . .

    WTOL, the CBS affiliate in Toledo, Ohio, says it will air a report Thursday (April 25) at 11 p.m. EDT titled “Holy Rip Off.”

    A teaser for the report shows photos of Profitable Sunrise pitchwoman Nanci Jo Frazer. Frazer’s NJF Global Group is referenced in a New Zealand fraud warning on the Profitable Sunrise “program” and also within the body of a March 14 notice issued by the Ohio Department of Commerce Division of Securities. Frazer and NJF Global Group also are referenced in the body of a March 14 cease-and-desist order issued by the Minnesota Department of Commerce.

    Numerous securities regulators have described Profitable Sunrise as a form of affinity fraud targeted at people of faith. At least 35 agencies in the United States and Canada have issued cease-and-desist orders or Investor Alerts against the HYIP “program,” which had a presence on infamous Ponzi forums such as TalkGold and MoneyMakerGroup.

    The website of Profitable Sunrise has been missing since at least March 14. On April 1 — the day after Easter Sunday and April Fools Day — the “program” failed to make good on promised payouts from the bizarrely named “Long Haul” plan. The “Long Haul” was purported to pay interest of 2.7 percent a day. Its claims were similar to other collapsed schemes promoted on the Ponzi boards.

    On Dec. 30, the PP Blog reported that Profitable Sunrise appeared to be relying on appeals to faith in a bid to attract investors in the wake of the August 2012 collapse of the Zeek Rewards “program.” Zeek, which allegedly planted the seed it paid interest of 1.5 percent a day, also had a presence on the Ponzi boards. In August, the SEC described Zeek as a $600 million Ponzi- and pyramid fraud.

    Earlier this month, the SEC described Profitable Sunrise as a pyramid scheme that had collected an unspecified sum believed to be in the tens of millions of dollars.

    RealScam.com, an antifraud forum recently targeted in a DDoS attack, has been publishing information on Profitable Sunrise since at least Dec. 1.

    The PP Blog learned last month that at least one apologist for the NJF Global Group has relied on purported “research” by a notorious cyberstalker known as “MoneyMakingBrain” in an apparent bid to discredit critics of the “program.”

    MoneyMakingBrain emerged in 2012 as an apologist for the JSSTripler/JustBeenPaid “program” purportedly operated by Frederick Mann. JSS/JBP purported to pay 2 percent a day. MoneyMakingBrain claimed he’d defend Mann “so help me God.”

    JSS/JBP, which appears to have morphed into secondary and tertiary scams (ProfitClicking and ClickPaid) after the August collapse of Zeek, may have ties to the “sovereign citizens” movement. Mann has compared the U.S. government to the Mafia, claiming that government employees were part of “a criminal gang of robbers, thieves, murderers, liars, imposters.”

    Profitable Sunrise also may have ties to the “sovereign citizens” movement.

    Some “sovereign citizens” have an irrational belief that laws do not apply to them. It is known that the AdSurfDaily Ponzi scheme in 2008 also had ties to “sovereign citizens,” including Kenneth Wayne Leaming. Leaming, a resident of Washington state, was convicted earlier this year of filing false liens for billions of dollars against public officials who had a role in the prosecution of the ASD Ponzi scheme.

    ASD operated from Florida, planting the seed it paid a return of 1 percent a day. ASD President Andy Bowdoin — now serving a 78-month prison term — also was associated with a 1-percent-a-day scam known as AdViewGlobal. AVG bizarrely claimed in 2009 that it enjoyed the protections of the U.S. and Florida constitutions while purportedly operating from Uruguay. The scam collapsed during the summer of 2009 — but not before issuing threats to members and critics.

    In May 2009, AVG bizarrely announced it had secured the services of an offshore facilitator. The announcement was made on the same day President Obama announced a crackdown on offshore scams.

    Obama later was pilloried in an ad for a “program” known as MPB Today. MPB’s operator later was charged in Florida with racketeering.

    “Sovereigns” are infamous for drafting others into scams, including people who do not recognize they are being drafted into illegal pursuits.

    The teaser for the WTOL report is below . . .

  • Profitable Sunrise Filed ‘No Answer Or Other Responsive Document,’ Colorado Securities Officials Say; HYIP Scheme Was Pitched On Classified-Ad Sites, Research Shows

    Caption from Colorado's Final Cease and Desist Order dated April 2, 20-13, against Profitable Sunrise
    Caption from Colorado’s Final Cease and Desist Order dated April 2, 2013, against Profitable Sunrise

    Profitable Sunrise had come under investigation in Colorado at least by March 8 and was officially notified March 11 that the state suspected it was breaking securities laws, the state Securities Board says in filings this week.

    Colorado scheduled a hearing for March 25 after learning that Profitable Sunrise also was under investigation in North Carolina, but the firm filed “no answer or other responsive document,” the Securities Board said.

    In short, the filings suggest that Profitable Sunrise did not even ask for more time to respond to the state’s allegations that it had reached out from England to sell unregistered securities unlawfully to residents of Colorado.

    And, according to the filings, no answer was received even though ProfitableSunrise claimed on its website that “RADOSLAV [Novak] is identified as ROMAN’s brother, as well as the attorney and the person responsible for marketing PROFITABLE SUNRISE.”

    Roman Novak, Profitable Sunrise members claim, was the operator of the scheme.

    In a series of devastating filings, the state revealed that at least three Colorado investors sent money via wire to Profitable Sunrise in February. All of the transactions were for the purported Profitable Sunrise “Regular Plan,” which required “a minimum of $500” and offered “an interest rate of 1.8% per business day,” the state alleged.

    Profitable Sunrise offered five plans, including the bizarrely named “Long Haul” that purported to pay 2.7 percent a day with a purported Easter payout that has not materialized

    Two of the “Regular Plan” transactions in Colorado occurred on Feb. 6. Another occurred on Feb. 8, according to the filings. The senders of the funds are identified in the filings only by their initials.

    The Profitable Sunrise website has been offline at least since March 14.

    “Profitable Sunrise is running a massive, international scheme, based in England, which takes advantage of religious affinity to lure investors into sending them money,” Colorado Securities Commissioner Fred Joseph said. “We encourage anyone who dealt with this organization to contact the Division of Securities.”

    And, Joseph said in a news release, Profitable Sunrise is an “Internet scam” and the subject of crackdowns by multiple states. (See list here.)

    Colorado’s filings allege that the scheme was spread at least in part through promos placed on classified-advertising sites.

    Among the exhibits investigators viewed were “Printouts of online solicitations at []denver.backpage.com.” Precisely who made the solicitations in Colorado was not revealed.

    One Denver ad viewed by the PP Blog made this claim: “Changing lives together: We Believe in a Better Living Every Day. As a Non Profit Christian Community, We put our Resources to Work to Rebuild the American Dream, One Day at a Time!”

    Elsewhere in the ad, this claim was made (italics added):

    Our Invited Members Save for a New CAR, Pay College Tuition, or Donate to their favorite Non-Profit, Charity, or Church!
    Example 1: Invest $200 Returns $1356.70in 90 days, Returns: $7439.69 in 170 days
    Example 2: Invest $500 Returns $3391.75in 90 days, Returns: $18599.22 in 170 days
    Example 3: Invest $1000 Returns $6783.50in 90 days, Returns: $37198.44 in 170 days

    A specific URL for a free Blogspot Blog (wealthwithchrystal.blogspot) that appeared in the Denver ad viewed by the PP Blog also appears in ads in many other American cities, including New York, Los Angeles, Chicago, Boston, Atlanta, Miami, Fort Lauderdale, Houston, Dallas, Las Vegas and many more.

    Visitors were encouraged to click on a link in the ads “To see my payment Proofs!!!”

    View the Colorado filings.

  • URGENT >> BULLETIN >> MOVING: CONSOB, Italian Securities Regulator, Takes Action Against Alleged Profitable Sunrise Promoter

    breakingnews72URGENT >> BULLETIN >> MOVING: The Italian securities regulator CONSOB has filed a suspension order that names an alleged promoter of Profitable Sunrise, amid allegations that Profitable Sunrise is an investment program.

    The agency said it observed pitches for ProfitableSunrise on a WordPress Blog under the control of “Daniele Verzari, who presents himself to users of the website as the ‘founder’ of the Vdproject Italy team.”

    Verzari, according to CONSOB, now is banned from promoting Profitable Sunrise and programs known as “Vityazi” and “Bestforinvest.” In a separate order, the agency said Bestforinvest operated at the domain bestforinvest.org.

    Promos for Bestforinvest were “carried out in the absence of the prescribed authorizations,” CONSOB said.

    In the past, CONSOB has acted against promoters of HYIP schemes such as Club Asteria and JSSTripler/JustBeenPaid.

    Profitable Sunrise had at least five investment programs, according to Investor Alerts or cease-and-desist orders filed by securities regulators in the United States. One of the purported “plans” was known as the “Long Haul,” which purported to pay interest of 2.7 percent a day. Payouts from the bizarrely named “Long Haul” plan were touted as an “Easter Gift” and were due yesterday.

    Profitable Sunrise members are complaining about not getting paid. The “opportunity’s” website has been offline for nearly three weeks.

    Both the United Kingdrom and Zew Zealand have issued alerts about Profitable Sunrise. So have at at least 34 state and provincial regulators in the United States and Canada.

    Here is the text of the April 2 CONSOB order, as presented in English on the agency’s website:

    Under the terms of Art. 101, section 4, lett. b), of the Consolidated Law on Finance, Consob has suspended, for a period of 90 days, the advertising activity relating to offering to the public the investment programmes entitled Vityazi, Profitable Sunrise and Bestforinvest carried out, through the website www.vdprojectitaly.wordpress.com by Daniele Verzari, who presents himself to users of the website as the “founder” of the Vdproject Italy team (Resolution No. 18510 of 27 March 2013).

    In relation to the three investment programmes, on the basis of the descriptions provided on the website www.vdprojectitaly.wordpress.com and, in relation to the programmes Profitable Sunrise and Bestforinvest, on the basis of the descriptions on the “official” websites, there seem to be the characteristics of an investment of a financial nature, the notion of which implies the presence together of the three elements: (i) an investment of capital; (ii) an expectation of a return of a financial nature; (iii) the assumption of a risk associated with the investment of capital. Indeed, all three investment programmes require investment of an initial capital of an indeterminate amount, with the exception of the programme entitled Bestforinvest which provides for a minimum and maximum investible capital of between 100 and 9,000 US dollars.

    The activity carried out through the website www.vdprojectitaly.wordpress.com leads to the well-grounded suspicion that the advertising activity performed in relation to the public offering of financial products breaches Art. 101, section 2, of the Consolidated Law on Finance which states that “before publication of the prospectus it is forbidden to make any advertising announcement regarding the public offering of financial products other than community financial instruments”, and that the said activity is still being performed. Hence the urgency of the measure, adopted in accordance with Art. 101, section 4, letter b, of the Consolidated Law on Finance.

    CONSOB’s issuance of the order is important because it demonstrates that individual promoters can be held accountable for schemes that push unregistered securities even if they are not the operator of a “program.”

    Whether Verzari will defend against the CONSOB action and receive any help with potential legal bills from “Roman Novak” and Profitable Sunrise is unclear. “Roman Novak” is the purported operator of Profitable Sunrise.

  • NO EASTER PAYOUT: How To Contact State Securities Regulators About Profitable Sunrise HYIP SCHEME; [UPDATED WITH INFO FOR PROVINCES IN CANADA]

    recommendedreading1UPDATED 8:49 A.M. EDT (APRIL 16, U.S.A.) Today is the day payouts were due on the bizarrely named Profitable Sunrise “Long Haul” 2.7-percent-a-day plan. The Profitable Sunrise website has been offline for 18 days, leaving investors in the lurch. All of the U.S. states and provinces in Canada listed below have issued Investor Alerts or cease-and-desist orders against Profitable Sunrise. The number may grow.

    The link at the bottom of this post is from the North American Securities Administrators Association. It provides info on how to contact each of the state and provincial securities regulators in the United States and Canada.

    ALABAMA: Joe Borg, director of the Alabama Securities Commission, urged anyone in Alabama who has invested with Profitable Sunrise to contact the ASC’s Enforcement Division at 1-800-222-1253.

    Link to cease-and-desist order:

    http://www.asc.state.al.us/News/2013%20News/3-14-13%20C&D%20Profitable%20Sunrise.pdf

    ALASKA: Persons with information regarding Profitable Sunrise are encouraged to telephone the division at 907-269-8140 or send an email to dbsc@alaska.gov.

    Source:

    http://www.commerce.state.ak.us/bsc/pub/PR-13-12-ProfitableSunriseAlert.pdf

    CALIFORNIA: All California investors in Profitable Sunrise are strongly encouraged to contact the Department of Corporations to file a formal complaint at (866) ASK-CORP or at www.corp.ca.gov.

    [March 14] order is available on the Department’s website at http://www.corp.ca.gov/ENF/Default.asp.

    COLORADO: (Added April 2.) As reported by the Denver Post. Colorado Division of Securities website is here.

    DELAWARE: “This scam is a reminder to be alert and skeptical of money-making claims that are simply too good to be true,” Attorney General Beau Biden said. “I urge investors who believe they have been the victims of this or other schemes to immediately contact our Investor Hotline at 302-577-8424.”

    Source:

    http://news.delaware.gov/2013/03/14/biden-orders-halt-to-profitable-sunrise-investment-scheme-in-delaware/

    DISTRICT OF COLUMBIA: (Washington, DC): If you’re a District resident and have questions about Profitable Sunrise, email the Department of Insurance, Securities and Banking at disbcomplaints@dc.gov or disb@dc.gov; or call (202) 727-8000.

    Source: http://disb.dc.gov/release/department-warns-residents-about-possible-fraudulent-investment-group-profitable-sunrise

    FLORIDA: File a complaint if you have fallen victim to fraud or if you suspect questionable business practices. Consumers can call the OFR at (850) Its-Your Money (850-487-9687) or file a complaint online.

    Source:

    http://www.flofr.com/PressReleaseDetail.aspx?id=4146

    GEORGIA: See online complaint form on right ride of this page:

    http://www.sos.ga.gov/securities/

    Link to Georgia cease-and-desist order:

    http://www.sos.ga.gov/securities/GAProfitableSunriseCD_ENSC_130293.pdf

    IDAHO: “Those investors who receive compensation for soliciting other investors may themselves be subject to the licensing and anti-fraud provisions of state and federal securities laws,” said Gavin Gee, director of the Department of Finance.

    Source:

    http://finance.idaho.gov/PR/2013/PressRel-ProfitableSunrise.pdf

    INDIANA: Anyone who has invested in Profitable Sunrise should contact the Secretary of State’s office at 1-800-223-8791 or find us online at www.indianainvestmentwatch.com.

    Source:

    http://www.in.gov/activecalendar/EventList.aspx?fromdate=3/1/2013&todate=3/31/2013&display=Month&type=public&eventidn=90006&view=EventDetails&information_id=176811

    KENTUCKY: Investors can file a complaint or fraud report with DFI by phone or online at http://kfi.ky.gov/complaint/Pages/securities.aspx.

    Source: http://migration.kentucky.gov/Newsroom/eppc_ofi/031413profitable.htm

    LOUISIANA: Consumers who have invested with Profitable Sunrise are encouraged to contact the Securities Division of the Office of Financial Institutions at (225) 925-4512.

    Source:

    http://www.ofi.state.la.us/Sec%20ProfitableSunrise.htm

    MAINE: Consumers who have invested with Profitable Sunrise are encouraged to contact the Office of Securities at (877) 624-8551 (toll free in Maine) or (207) 624-8551. Shaw also urged consumers to contact Maine’s Office of Securities before investing to obtain general information about investment professionals and products, including online investment or business opportunities. More information is available at www.investors.maine.gov.

    Source:

    http://www.maine.gov/tools/whatsnew/index.php?topic=SEC-PressReleases&id=513802&v=Default

    MARYLAND: Attorney General Gansler reminds anyone who may have invested in “Profitable Sunrise” to contact the Securities Division of his office at 410-576-7050 if they have questions. Any investor may call the Securities Division to inquire about the status of investment promoters or the securities in which they plan to invest.

    See Maryland cease-and-desist order:

    http://www.oag.state.md.us/Securities/Actions/2013/ProfitableSunrise.pdf

    MINNESOTA: If you have questions or want to report suspicious activity, the Commerce Department’s Consumer Help Line can be reached by phone at (651) 296-2488 or (800) 657-3602. Questions or consumer complaints related to securities can be sent by email to securities.commerce@state.mn.us or by mail to the Minnesota Department of Commerce, 85 7th Place East, Suite 500, Saint Paul, MN 55101.

    Link to Minnesota case-and-desist order:

    http://mn.gov/commerce/images/ProfitableSunriseCeaseandDesist.pdf

    MISSOURI: “File a Complaint” link is on left side of this page:

    http://www.sos.mo.gov/securities/enforcement.asp

    NEVADA: Residents who have been contacted or solicited by someone claiming to represent Profitable Sunrise or any of its affiliated entities are encouraged to contact the Nevada Securities Division at (702) 486-2440 or by visiting the Securities Center on the Secretary of State’s website at http://www.nvsos.gov.

    Source:

    http://nvsos.gov/index.aspx?recordid=1285&page=23

    NEW HAMPSHIRE: Bureau of Securities: 603-271-1463.

    Source:

    http://www.sos.nh.gov/securities/Press_Releases/PRESSR_2013-03-25.pdf

    NEW JERSEY: Individuals who have invested with Profitable Sunrise are encouraged to contact the New Jersey Bureau of Securities at (866) 446-8378 and to file a complaint.

    Source:

    http://nj.gov/oag/newsreleases13/pr20130318b.html

    NEW MEXICO: New Mexico Regulation and Licensing Superintendent J. Dee Dennis Jr. urged anyone in New Mexico who has invested with Profitable Sunrise to contact the New Mexico Regulation and Licensing Securities Division at New Mexico Regulation and Licensing Department at 1-800-704-5533.

    Source:

    http://www.rld.state.nm.us/uploads/PressRelease/b88957513a09474898000e52177885b3/Investor_Alert___Press_Release.pdf

    NORTH CAROLINA: Secretary of State Elaine Marshall urged anyone in North Carolina who has invested with Profitable Sunrise to contact the Secretary of State’s Securities Division at 1-800-688-4507.

    Link to cease-and-desist order:

    https://patrickpretty.com/wp-content/uploads/2013/03/NorthCarolinaProfitableSunrise21209608.pdf

    NORTH DAKOTA: Karen Tyler, North Dakota Securities Commissioner, urged anyone in North Dakota who has invested with Profitable Sunrise to contact the North Dakota Securities Department’s Enforcement Division at 701-328-2910 or 1-800-297-5124.

    OHIO: Ohioans are encouraged to call the Ohio Division of Securities Investor Protection Hotline toll free at 877-683-7841 or file a complaint with the Division online at http://www.com.ohio.gov/secu

    OREGON: See news release:

    http://www.cbs.state.or.us/dfcs/news_releases/ProfitableSunrise.pdf

    SOUTH CAROLINA: Attorney General Alan Wilson urged anyone in South Carolina who has invested with Profitable Sunrise to contact the Securities Division of the South Carolina Attorney General’s Office at (803) 734-9916.

    Read more: http://www.scag.gov/archives/8089

    SOUTH DAKOTA: If you or someone you know invested with Profitable Sunrise, Inter Reef, Ltd., Roman Novak, Radoslav Novak or any affiliated individuals or entities, please contact the Division of Securities at 605-773-4823.

    Source:

    http://www.sdjobs.org/news/releases13/nr032613_profitable_sunrise.pdf

    TENNESSEE: Tennessee Securities Assistant Commissioner Daphne D. Smith urges any Tennessean who has invested with Profitable Sunrise to contact the Securities Division at 800-863-9117 or to visit www.tn.gov/commerce/securities.

    Source:

    http://news.tn.gov/node/10426

    TEXAS: Texas State Securities Board website:

    http://www.ssb.state.tx.us/

    See cease-and-desist order here:

    http://www.ssb.state.tx.us/Enforcement/files/1722.pdf

    WEST VIRGINIA: The Securities Division encourages any West Virginia residents who have invested in Profitable Sunrise to contact the Securities Division Enforcement Section at (304) 558-2251 or toll free at (877) 982-9148.

    Source:

    http://www.wvsao.gov/communications/prDetail.aspx?rID=378

    WISCONSIN: Anyone who has invested with Profitable Sunrise is encouraged to contact the Division of Securities enforcement office at 608-266-1603.

    Source:

    http://www.wdfi.org/newsroom/press/2013/ProfitableSunriseAlert20130314.pdf

    In Canada

    ALBERTA: The ASC urges investors to familiarize themselves with some common red flags of investing and offers the Red Flags of Investing factsheet.  If you unsure about an investment opportunity, consult a registered financial adviser or obtain independent legal advice before making a decision or handing over any money.  Do more research using the resources of the Alberta Securities Commission by visiting www.albertasecurities.com or contacting ASC Public Inquiries at 1-877-355-4488 or inquiries@asc.ca.

    Source:

    http://www.albertasecurities.com/news/Lists/ASC%20News/DispForm.aspx?ID=1151

    BRITISH COLUMBIA: The BCSC urges investors, agents or members of the public who have been approached by or have information about Profitable Sunrise to contact the BCSC inquiries line at 604-899-6854 or 1-800-373-6393 (toll free).

    Source:

    http://www.bcsc.bc.ca/release.aspx?id=16782

    MANITOBA: Check out the MSC website at http://www.msc.gov.mb.ca/education/index.html for resources on investment scams and what action you can take to protect your hard earned money.  If you have received unsolicited phone calls about investment opportunities please contact the Manitoba Securities Commission at (204) 945-2548 or toll free at 1-800-655-5244 and ask to speak to an investigator.

    Source:

    http://www.msc.gov.mb.ca/media_events/investor_alerts/sunrise.html

    NEW BRUNSWICK: Being an informed investor is the best defence against investment fraud. Learn how to protect yourself by taking advantage of the materials available on the New Brunswick Securities Commission’s website at www.investinknowingmore.ca.

    Source:

    http://www.nbsc-cvmnb.ca/nbsc/news_content_display.jsp?news_id=396&id=24&pid=4

    ONTARIO: If you have any questions or information relating to this matter, please contact the OSC Contact Centre at 1-877-785-1555.

    Source:

    http://www.osc.gov.on.ca/en/NewsEvents_nr_20130312_osc-ia-inter-reef-novak.htm

    QUEBEC: If you have responded to solicitations from Profitable Sunrise or any similar type of solicitation, please contact an officer at our Information Centre.

    Source:

    http://www.lautorite.qc.ca/en/press-releases-2013-corpo.html_2013_profitable-sunrise-2013-03-12.html

     

    NASAA list of state and provincial regulators

    http://www.nasaa.org/about-us/contact-us/contact-your-regulator/

    Also see March 25 PP Blog post.