A Facebook site initially used to drive traffic to the massive Profitable Sunrise international fraud scheme again is being used by boatsharks looking to find victims struggling in the water.
Among the new schemes being promoted on the Facebook site is something called RChange. RChange advertises that users “Top-up/Cash-out by Western Union or Hong Kong local transfer INSTANTLY,by Money Gram or International Bank Wire within 1 day. Unverified member may top-up via Western Union and withdraw via bank wire,western union or money gram directly.” (Unedited by PP Blog.)
Among the other claims of RChange is that “We do not accept registrations from individuals or companies based in the United States of the America. This includes US citizens residing overseas.”
In May, the United States accused the Liberty Reserve digital-currency system, which operated through a series of exchanges, of engaging in a $6 billion money-laundering conspiracy.
Also being promoted on the Profitable Sunrise Facebook site (and on Facebook itself) is a “program” known as “Global Mutual Funds.” Facebook has issued a warning that “Facebook thinks this site may be unsafe.”
Global Mutual Funds, which appears to be a cash-gifting scheme despite the appearance of the words “Mutual Funds,” appears also to have been promoted from WordPress subdomains, a tactic that has led to suspensions, including the April 2013 suspension of a Profitable Sunrise pitchman. In 2010, the Financial Industry Regulatory Authority (FINRA) warned that HYIP schemes spread in part through social media.
The pitch for Global Mutual Funds on the Profitable Sunrise Facebook site claims, “RECEIVE TOTAL OF $5,000 INCASH FROM 100 PEOPLE IN NEXT 30 DAYS. THIS LEGIT! & LUCRATIVE PROGRAMME HAS EMPOWERD SO MANY PEOPLE AROUND THE GLOB.” (Unedited by PP Blog.)
Like Profitable Sunrise, Global Mutual Funds appears to be trading on Bible verse.
Meanwhile, TelexFree, a “program” under investigation in Brazil amid claims it is conducting a massive pyramid scheme, again is being promoted on the Profitable Sunrise Facebook site.