Tag: T. Lemont Silver
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UFUNCLUB: Securities Division ‘Will Look Into The Extent Of A Colorado Connection’
UPDATED 10:52 A.M. EDT U.S.A. The Colorado Division of Securities said it “will look into the extent” of promotional ties the UFunClub “program” now under investigation in Thailand may have in the state. Whether other U.S. states would follow Colorado’s lead was not immediately clear. Earlier cross-border MLM/network-marketing schemes such as Profitable Sunrise and WCM777…
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BULLETIN: Zeek Figure Robert Craddock Indicted In Separate Scheme
BULLETIN: Florida resident Robert Craddock, a figure in the Zeek Rewards Ponzi-scheme story, has been indicted in a separate scheme involving the alleged theft of more than $135,000 from a compensation fund set up to assist businesses affected by the Deepwater Horizon oil spill in 2010. The office of U.S. Attorney A. Lee Bentley III…
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Lawyer For T. LeMont Silver, Wife, Shell Company Wants Out Of Zeek Clawback Case
UPDATED 10:24 P.M. ET U.S.A. Zeek Rewards “winner” T. LeMont Silver, his wife Karen and a Silver shell company known as Global Internet Formula Inc. allegedly hauled more than $2.3 million out of the shuttered MLM “program.” Receiver Kenneth D. Bell sued them in February 2014, alleging their gains had come from victims of the…
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BULLETIN: Judge In Zeek Clawback Cases Grants Receiver’s Motion To Certify Class Of 9,400 Alleged Winners; Todd Disner Faces Default; Phil Piccolo May Be Background Player
BULLETIN: (Updated 11:11 p.m. ET U.S.A.) Senior U.S. District Judge Graham C. Mullen has certified a class of more than 9,000 alleged “winners” of more than $1,000 in the Zeek Rewards scheme. Receiver Kenneth D. Bell sued more than 10 named “winners” in February 2014 in a case styled “Kenneth D. Bell v. Todd Disner,…
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IRONY: Scheme Whose Actual Name Is ‘PlanB’ Tackled By European Authorities
One of the core signatures of an HYIP scam is highlighted when a “program” is presented as a “Plan B,” typically in the context of creating “multiple income streams” or “in case Plan A fails, you’d better have a “Plan B.” Zeek Rewards A-lister Keith Laggos gushed about Lyoness, his “Plan B” program. Zeek collapsed…
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URGENT >> BULLETIN >> MOVING: Court Denies Zeek Winners’ Motions To Dismiss Clawback Actions, Upholds Jurisdiction
URGENT >> BULLETIN >> MOVING: (3rd Update 10:03 a.m. ET Dec. 10 U.S.A.) The federal judge presiding over clawback cases against alleged Zeek Rewards “winners” has dismissed jurisdictional challenges and a claim by the winners that Zeek was not selling securities under the Howey Test. The rulings mean that clawback claims seeking millions of dollars…
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URGENT >> BULLETIN >> MOVING: eAdGear Figures Indicted In California On Conspiracy Charge Of Structuring Transactions To Evade Bank-Reporting Requirements
4TH UPDATE 3:44 P.M. ET U.S.A. Before the SEC announced its civil pyramid- and Ponzi-scheme case on Sept. 26 against eAdGear figures Charles Wang and Francis Yuen, the pair had been indicted on a criminal charge in U.S. District Court for the Northern District of California, the PP Blog has learned. Docket records show the…
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BitClub Network Now Wants 500 New Suckers; Participants Exhorted To Be Patient Because Purported Mining ‘Community’ Venture Is Like ‘Building A Home-Made Space Ship To Explore Outer Space’
BitClub Network apparently has found its first crop of 500 suckers willing to throw down $3,599 to become “Founders.” A link from a new post on Twitter suggests BitClub Network now is trying to line up 500 new suckers who’ll purportedly earn half of what the core group was promised. The new suckers will be…