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Tag: SEC

DISTURBING: ‘ProfitClicking’ Thread At MoneyMakerGroup Ponzi Forum Used In Zeek-Related Disinformation Campaign That Delivers Traffic To Troy Dooly’s Blog While Creating Brand Confusion And Opportunity To Harvest Leads For Poster Known As ‘freezeekler’

EDITOR’S NOTE: The PP Blog sought comment from Troy Dooly of MLMHelpDesk this morning (Sunday) on the disturbing Zeek- and Ponzi forum-related developments reported in our story below. (Story appears below screen shots.) Dooly has not responded as of the time of this post, but the PP Blog will publish his comment if and when…

Sep 9, 2012
BULLETIN: SEC: Asset Manager Hid Madoff Losses, Boasted ‘Benchmark-Beating Returns,’ Recruited New Investors, Missed Redemptions — And Blamed MF Global Collapse

EDITOR’S NOTE: Scams undermine faith in legitimate markets. This is a case in which a purportedly legitimate asset manager allegedly is using the sort of explanations/excuses commonly used by Ponzi-forum hucksters. ** ________________________________________________ ** BULLETIN:The SEC has gone to federal court in the Northern District of Illinois, alleging that asset manager Nikolai Battoo duped investors…

Sep 7, 2012
BULLETIN: ZTeamBiz, Site Purportedly Raising Funds To Defend Zeek Affiliates, No Longer Has Access To PayPal; Site Weaves Conspiracy Theory That eBay Didn’t Want Zeek To Survive

BULLETIN: (UPDATED 3 P.M. EDT U.S.A.) This bizarre announcement appears today on ZTeamBiz, the site that was using PayPal purportedly to raise funds to “defend” affiliates of the collapsed Zeek Rewards’ MLM scheme: The payment solution has been removed and will be replaced on September 8, 2012. PayPal a company owned by eBay.com had decided…

Sep 7, 2012
UPDATE: Zeek Case Gets Top Billing On SEC Website Today; Agency Establishes Information Page

Information for victims of the alleged Zeek Rewards Ponzi scheme is getting top billing on the SEC’s website today, and the agency has established a webpage for Zeek victims. Here is that page, which includes a link to the website of the court-appointed receiver. Kenneth D. Bell is filling that role. Visit the receiver’s website.…

Sep 5, 2012
UNBELIEVABLE: In Wake Of Zeek Collapse, Members Get Pitch For ‘Wealth Creation Alliance’; Promo Features Strange Use Of Capital Letters; Pitchmen Are Called ‘Prosperity Advocates’ — And Promo Claims Tie To Bank Of America

UPDATED 11:55 A.M. EDT (U.S.A.) On Aug. 17, the SEC accused the purported Zeek Rewards revenue-sharing program of being a $600 million Ponzi- and pyramid scheme that had affected more than 1 million people. Zeek was touted on the MoneyMakerGroup and TalkGold Ponzi forums. Now comes word that Zeek members are being pitched on a…

Sep 5, 2012
** UNCONFIRMED ** Some Credit Cards Or Payment Accounts Tied To Zeek May Be Getting Charged For Subscriptions In Aftermath Of Collapse ** UNCONFIRMED **

UPDATED 12:18 P.M. EDT (U.S.A.) There is a report on the MoneyMakerGroup Ponzi forum today of at least one member of the Zeek Rewards’ “program” getting charged $99 for a monthly renewal: Here’s how the post read (italics added): “Your Diamond renewal has been processed Order Total: 99.00 Order Date: 8/5/2012 6:06:51 PM Subscription Renewal…

Sep 4, 2012
The Bizarre Wordplay Of ‘ProfitClicking’

“25. Individual PC members are not responsible for the performace [sic] of PC or any other programs, products, and services provided by PC. Individual PC members, including those who introduce, sponsor, or refer other members, incur no liabilities or obligations in respect of PC’s financial decisions and directions and any other programs, products, and services…

Sep 4, 2012
BULLETIN: CFTC Says California Man At Helm Of Ponzi Scheme Targeted At Deaf Christians; Marc Perlman Charged With Fraud Amid Claim He Advised Investor To Sell House Quickly And Plow Proceeds Into Forex Scheme

BULLETIN: The CFTC has gone to federal court in the Southern District of New York, alleging that Marc Perlman of Rancho Cucamonga, Calif., and his firm, iGlobal Strategic Management LLC, were running a commodity-pool and Forex Ponzi scheme targeted at deaf Christians. Perlman and the company have been charged with fraud. The CFTC said the…

Aug 29, 2012
ALERT >> ALERT >> ALERT: Judge Dismisses Lawsuit Filed Against United States By AdSurfDaily Figures Todd Disner And Dwight Owen Schweitzer, Later To Become Zeek Promoters

BULLETIN: A federal judge has dismissed the November 2011 lawsuit against the United States by AdSurfDaily figures Todd Disner and Dwight Owen Schweitzer. The dismissal of the lawsuit by U.S. District Judge Rosemary Collyer came on the same day she sentenced confessed ASD Ponzi scheme operator Andy Bowdoin to 78 months in federal prison. After…

Aug 29, 2012
As Zeek Apologists Solicit Funds And Plant Seed They’ll Sue SEC, Guest Columnist Asks, ‘Whose Lawyer Is This Anyway?’

DISCLOSURE: Gregg Evans, a longtime member of the antiscam community, is a longtime PP Blog contributor. He was not compensated for this column, and his views are not necessarily the views of the PP Blog. Whose Lawyer Is This Anyway? By Gregg Evans A group of Zeek Rewards’ affiliates claim they have retained SNR Denton…

Aug 29, 2012
BULLETIN: Already Jailed, Utah Ponzi Schemer Ordered To Pay More Than $18 Million; United States Extradited Jeffrey Lane Mowen From Panama And Charged His Pitchmen

BULLETIN: Utah Ponzi schemer Jeffrey Lane Mowen has been ordered by a federal judge to pay more than $18 million in a civil case that sparked a criminal probe and resulted in allegations that Mowen had hatched a murder-for-hire plot from a U.S. jail after he was extradited from Panama in 2009. The FBI worked…

Aug 28, 2012