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Tag: SEC

After Seeing Photos Of Its Players On ‘GooBets,’ National Basketball Association To Turn Matter Over To ‘Legal Department’

As the PP Blog reported yesterday, photos of National Basketball Association players and team jerseys are appearing on the .com (https://www) website of “GooBets,” a purported betting entity in which recruits are being told “Everybody Makes 25% to 31% Per Week. Period!!!” The NBA said today that the matter had been forwarded to “our Legal…

Apr 15, 2015
URGENT >> BULLETIN >> MOVING: Investment Scam Targeted Military Personnel At Fort Hood In Texas, SEC Says

URGENT >> BULLETIN >> MOVING: (Updated 9:05 a.m. EDT April 15 U.S.A.) An investment scam known as LB Stocks and Trades Advice LLC was targeted at military personnel at Fort Hood in Texas and perhaps other installations, the SEC has alleged. Charged in the scheme were the company and alleged operator Leroy Brown Jr., 32,…

Apr 14, 2015
‘GooBets,’ Cross-Border Fraud Scheme, Emerges

2ND UPDATE 2:19 P.M. EDT U.S.A. A “program” known as “GooBets” that appears to be targeting speakers of Portuguese and English has emerged. BehindMLM.com broke the news this morning. After observing the GooBets site, the PP Blog sought comment from the National Football League and the National Basketball Association. That’s because GooBets is using the…

Apr 14, 2015
‘Bacon’ Crumbles — And Yet Props Up MAPS

EDITOR’S NOTE: The interconnectivity of fraud schemes is one of the core dangers of the HYIP sphere. Stolen proceeds continually cycle between and among scams, making banks and payment vendors virtual warehouses for cross-border criminals and their serial enablers. The problem may be intensifying. More and more HYIP schemes appear to be using script kits…

Apr 12, 2015
Another Rodney Blackburn ‘Program’ DOA

4th Update 1:15 p.m. EDT U.S.A. “Daily-Earnings,” yet another Ponzi-board scheme pushed by Achieve Community huckster Rodney Blackburn, appears to have met its demise. The “https” dotcom for Daily-Earnings is publishing a “Your web space is ready to go!” message, suggesting front-page content has been moved from the site. Not all pages of the site,…

Apr 11, 2015
DEVELOPING STORY: Thai Police Bust ‘UFunClub,’ Yet Another Cross-Border Network-Marketing Program; Case May Involve $307 Million

UPDATED 9:10 A.M. EDT U.S.A. It’s whack-a-mole via MLM or network marketing — again. There are reports in Thai media about a major pyramid/Ponzi bust involving a cross-border “program” known as “UFunClub.” (See links below.) No American suspects appear to have been arrested or named so far, but Americans have promoted UFunClub. One of them,…

Apr 11, 2015
COURTING TROUBLE: In Bogus Promo, Obama Shown As Pitchman For ‘MyAdvertisingPays’

Depicting then-President George W. Bush as a fan of the AdSurfDaily MLM HYIP “program” backfired in spectacular fashion in 2008, drawing the attention of the U.S. Secret Service. Federal agents eventually seized more than $80 million in an asset-forfeiture case. ASD President Andy Bowdoin, accused of operating a cross-border Ponzi scheme, was indicted. He later…

Apr 2, 2015
SEC Declines Comment On ‘IntellaShares’ And Its Purported ‘BLACKLIST’; Ponzi-Board ‘Program’ Trades On Name Of Save The Children

UPDATED 11:31 A.M. EDT U.S.A. In 2010, the Federal Trade Commission took action against an online venture known as iWorks. This allegation appeared on Page 7 of the FTC’s Dec. 21, 2010 complaint: “They have also attempted to drive down their chargeback rates by threatening to report consumers who seek chargebacks to an Internet consumer…

Apr 1, 2015
BULLETIN: Receiver Sues USHBB Inc., Maker Of Zeek Videos — And Ties Firm To AdSurfDaily Ponzi Scheme

9th UPDATE 9:01 P.M. EDT U.S.A. Indianapolis-based USHBB Inc. and three of its principals — James A. Moore, Robert Mecham and Oscar H. Brown — have been sued by the court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case. Receiver Kenneth D. Bell alleges USHBB, a producer of videos, also did work for the…

Mar 27, 2015
Registration Page At TelexMOB Triggers ‘Web Forgery’ Warning In Firefox Browser

Late last night the PP Blog visited the registration page of the emerging and bizarrely named “TelexMOB” scheme, which appears to be targeting victims of the alleged TelexFree Ponzi- and pyramid scheme. Our earlier story is here. The page now is triggering a “Web Forgery” warning in the Firefox browser. Such warnings may be associated…

Mar 24, 2015
Now, ‘TelexMOB’

UPDATED 11:25 A.M. EDT U.S.A. Something calling itself “TelexMOB” has established a web presence this month. A logo resembling that of TelexFree — an alleged Ponzi- and pyramid scheme said to have gathered $1.8 billion across national borders — appears on the site. BehindMLM.com was first with the news today. The PP Blog has sent…

Mar 24, 2015