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Tag: RealScam.com

Embezzled Banners Broker Pyramid Funds Allegedly Ended Up In ‘KulClub,’ Another Ponzi-Board MLM Program

2ND UPDATE 2:25 P.M. EDT U.S.A. More horrible PR for the MLM trade: Banners Broker international pitchman and pyramid-scheme figure Kuldip Josun embezzled at least $3.6 million from affiliates, according to a receiver’s report. The money was deposited into a Swiss bank account held by an entity known as World Web Media Inc. and appears…

Jun 21, 2016
IN MEMORY: Paul Schlegel, 1963-2015

Paul Schlegel, a St. Louis-based musician and composer and longtime member of the antiscam community, has died. He was 52. Word of Paul’s Dec. 7 passing was received from Lynn Edgington of Eagle Research Associates, via a post today at the RealScam.com antiscam forum. Paul had assisted Eagle for years in its dual mission of educating the…

Dec 21, 2015
EDITORIAL: Uber Isn’t MLM, But It Sure Acts Like It

We’ll begin by pointing out that Uber, the popular ride-sharing company and darling of venture capitalists, is not an MLM firm. But it sure is acting like one, even briefly vomiting one of MLM’s most familiar and reflexive responses to critics: HatersGonnaHate. Can MLM enterprises and MLMers in general learn from Uber’s bizarre missteps? You…

Nov 20, 2014
No Immediate Comment From Federal Reserve On Claims Related To Emerging BitClub Network ‘Program’

UPDATED 12:27 A.M. EDT SEPT. 22 U.S.A. The PP Blog today contacted the Board of Governors of the Federal Reserve System, owing to claims concerning the emerging BitClub Network “program” that is being pitched by certain members of the $850 million Zeek Rewards Ponzi- and pyramid scheme. Known in shorthand as the Fed, the Federal…

Sep 19, 2014
Quatloos Mod, RealScam.com, PP Blog Targeted In Bizarre Hectoring Campaign

(3RD UPDATE 2:43 P.M. EDT U.S.A.) wserra, an attorney, Quatloos moderator and occasional poster on the PPBlog and RealScam.com, appears recently to have been targeted by a crackpot who desires to hector wserra with complaints to the bar association. Among other things, Quatloos publishes information on the bizarre undertakings of “sovereign citizens” in the United…

Jun 19, 2014
URGENT >> BULLETIN >> MOVING: Zeek Receiver Sues Alleged Insiders, Winners; Emails, Skype Chats Helped Expose Fraud; ‘We’ve Already Attracted A Great Many Big Fishes,’ Wright-Olivares ‘Excitedly’ Told Paul Burks Early In Scheme, Kenneth D. Bell Alleges

URGENT >> BULLETIN >> MOVING: (8th Update 2:40 p.m. ET March 4, U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case has sued alleged insiders and net winners, including members of the 2008 AdSurfDaily Ponzi scheme. Parts of the complaint read like a re-living of the ASD scheme, with Zeek Receiver Kenneth…

Mar 3, 2014
PROFITABLE SUNRISE CASE: Did Fake Reporter Use Photo Of Real Reporter In ‘Story’ Titled ‘Nanci Jo Frazer WINS in Court – A Case Of Innocent Ignorance?’

“The judge ruled in Nanci & David Frazer’s favor along with Albert Rosebrock (ministry board members) . . . to release frozen funds. The FBI and the Federal government is categorizing Frazer as having suffered from a case of ‘innocent ignorance’ as she worked for nine months doing customer support for a UK Collateral Loan…

Oct 15, 2013
RealScam.com, Antiscam Site, Is Under DDoS Attack

UPDATED 11:39 A.M. EDT (MARCH 21, U.S.A.) RealScam.com reports that the DDoS attack is continuing, but that measures have been taken to restore accessibility. The site is back online. Here, below, our earlier story . . . RealScam.com, a site that concerns itself with international mass-marketing fraud, is experiencing a DDoS attack, a source told…

Mar 20, 2013
WHACK-A-MOLE: In Aftermath Of Zeek Collapse, ‘ProfitableSunrise’ Emerges

EDITOR’S NOTE: For the definition of “whack-a-mole,” see the Online Slang Dictionary . . . UPDATED 6:12 A.M. ET (U.S.A.) ProfitableSunrise will take you and provide an extraordinary interest payment daily in the form of numbers on a screen — but only if you “fully accept the fact that all communication between you and Profitable…

Dec 30, 2012
LETTER TO READERS: Our Choice For The Most Important PP Blog Post Of 2012

Dear Readers, The PP Blog’s choice for the “Most Important” story to appear on the Blog in 2012 is this one, dated July 28: “Site Critical Of Zeek Goes Missing After HubPages Receives Trademark ‘Infringement’ Complaint Attributed To Rex Venture Group LLC — But North Carolina-Based Rex Not Listed As Trademark Owner; Florida Firm That…

Dec 27, 2012
UPDATE: Teetering ‘Wealth4AllTeam’ Scheme Reportedly Was Using I-Payout, Same Facilitator Cited By ‘OneX’ Scheme In July

UPDATE: Wealth4AllTeam, one of the many HYIP schemes pushed by Zeek Rewards “I Got Paid” cheerleader “Ken Russo,” reportedly was using I-Payout as a payment facilitator, according to new Ponzi-forum reports. Wealth4AllTeam appears to have suspended operations, leaving the Ponzi forums in an uproar amid claims that it is transitioning to a new business model…

Sep 13, 2012