Now, Boat-Sharking For ‘Biwako Bank Limited’: Promos Appear On Facebook Site For Profitable Sunrise And Claim Enterprise Is ‘Japan’s Strongest Bank’
Biwako Bank Limited caught our attention yesterday after a boat-shark appeared on a Facebook Profitable Sunrise site to promote it while making this claim: “**THIS IS NOT AN HYIP , THIS IS A BANK**” The claim is at odds with a claim on the MoneyMakerGroup Ponzi forum that Biwako has a “GoldCoders’ HYIP Manager License.” […]
WTOL Introduces Middle America To The Profitable Sunrise HYIP Scheme; Graphic Shows 3-Tiered Affiliate Program On Top Of Absurd Payout
During its 11 p.m. newscast yesterday, WTOL (CBS/Toledo) aired a report titled “Holy Rip-Off” about the alleged Profitable Sunrise HYIP scam. The report, which began with images of Ponzi schemer Bernard Madoff playing in the background, focused on alleged Profitable Sunrise pitchwoman Nanci Jo Frazer of Bryan, Ohio. Frazer and her NJF Global Group are […]
WTOL To Air Profitable Sunrise Report Titled ‘Holy Rip Off’
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 […]
UPDATE: North Carolina Says Profitable Sunrise Investors Have Been Targeted In ‘Reload Scams’ Like Zeek Rewards Investors Before Them
UPDATED 11:28 A.M. EDT (U.S.A.) The Securities Division of North Carolina Secretary of State Elaine F. Marshall has issued a warning that Profitable Sunrise investors are being targeted in “reload scams.” North Carolina issued a similar warning in August 2012, saying then that members of the Zeek Rewards “program” — an alleged $600 million Ponzi- […]
Idaho Says Profitable Sunrise Pitchmen May Have Exposure ‘For Soliciting Other Investors’
UPDATED 9:44 A.M. EDT (U.S.A.) Add Idaho to the list of U.S. states and provinces in Canada that have issued Investor Alerts or cease-and-desist orders against the Profitable Sunrise HYIP “program.” And because Profitable Sunrise also was in the business of recruiting pitchmen to sell unregistered securities in addition to offering preposterous returns, Idaho’s Department […]
Joe Borg Of Alabama Securities Commission Tells WSFA That Profitable Sunrise Worked Because People ‘Kind Of Glossed Over The Mathematics’
EDITOR’S NOTE: Alabama was one of the first U.S. states to take action against the Profitable Sunrise HYIP “program,” issuing both an Investor Alert and a cease-and-desist order last month. The C&D lists two alleged “agents” of Profitable Sunrise, demonstrating that a “program” can create problems for pitchmen, perhaps even as the “program” operators make […]
URGENT >> BULLETIN >> MOVING: CONSOB, Italian Securities Regulator, Takes Action Against Alleged Profitable Sunrise Promoter
URGENT >> 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 […]
NO EASTER PAYOUT: How To Contact State Securities Regulators About Profitable Sunrise HYIP SCHEME; [UPDATED WITH INFO FOR PROVINCES IN CANADA]
UPDATED 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 […]
New Hampshire Joins Many Other States Or Provinces In Issuing ‘Profitable Sunrise’ Warning; [UPDATE: District Of Columbia, Georgia And West Virginia Now On List Of 34, Too]
UPDATED 6:11 P.M. EDT (MARCH 28, U.S.A.) The District of Columbia has issued a warning about Profitable Sunrise. So has West Virginia. Georgia has issued a cease-and-desist order. A majority of U.S. states now have taken action in one form or another against Profitable Sunrise. See the info in the Comments thread below . . […]