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Tag: TalkGold

UPDATE: Pushed To Profitable Sunrise Victims, Biwako Bank Limited Appears To Be DOA

UPDATE: The PP Blog wrote about Biwako Bank Limited on April 29 after it was touted on a Profitable Sunrise Facebook site as a good “program” for individuals ripped off in the alleged Profitable Sunrise pyramid scheme. But now Biwako Bank’s website has disappeared, with the “program” apparently following Profitable Sunrise into the darkness. “**THIS…

May 22, 2013
BULLETIN: SEC Moves To Block Virginia Man From Intervening In Profitable Sunrise Case; Appointment Of Receiver Will Depend On Success Of Efforts To Repatriate Assets To United States

BULLETIN: The SEC has asked a federal judge not to permit a Virginia man to intervene in the Profitable Sunrise HYIP fraud case, saying that the man’s self-filed pleading “would open the floodgates for other investors to file similar motions.” In late April, James Paul Schilling of Mechanicsville effectively asked U.S. District Judge Thomas W.…

May 13, 2013
UPDATE: Sentencing For Legisi HYIP’s Gregory McKnight Delayed Again; Sentencing For Pitchman Matthew J. Gagnon Also Moved

Sentencing for Legisi HYIP Ponzi scheme purveyor Gregory N. McKnight has been delayed again — this time until Aug. 6 at 1:30 p.m. McKnight had been scheduled to be sentenced today in the Eastern District of Michigan. The postponement marks at least the fifth in the case. Legisi, which had a presence on infamous Ponzi…

May 7, 2013
WTOL To Air Profitable Sunrise Report Titled ‘Holy Rip Off’

EDITOR’S NOTE: GlimDropper, an administrator at the RealScam.com antiscam forum, gave PP Blog readers a heads-up on the WTOL report yesterday . . . WTOL, the CBS affiliate in Toledo, Ohio, says it will air a report Thursday (April 25) at 11 p.m. EDT titled “Holy Rip Off.” A teaser for the report shows photos…

Apr 24, 2013
AP (VIA YAHOO NEWS): Zeek’s Paul Burks Says Participants At Fault For Losing Money In Alleged $600 Million Ponzi Scheme

The Associated Press is reporting that Zeek Rewards operator Paul R. Burks claims that he is not at fault and that Zeek participants are to blame if they lost money. From the AP (via Yahoo News/italics added): “I never told anyone to invest more money than they could afford,” Burks snapped. “I didn’t tell them…

Mar 30, 2013
In Wake Of Profitable Sunrise Alert, British Columbia Issues 2 More Warnings Against HYIPs; Like Profitable Sunrise, Both ‘Programs’ Had Presence On TalkGold And MoneyMakerGroup Ponzi Forums

EDITOR’S NOTE: Thanks to PP Blog reader “Tony” for pointing us to the British Columbia Securities Commission (BCSC) warning against the Lucra Fund and Goldenarium HYIP schemes. Earlier this month, BCSC issued a warning on the Profitable Sunrise scheme. The British Columbia Securities Commission has issued warnings on HYIP “programs” known as Lucra Fund and…

Mar 23, 2013
UPDATE: Louisiana Joins Growing List Of States That Have Issued Investor Alerts On ‘Profitable Sunrise’; [UPDATE: Tennessee, Too]

EDITOR’S NOTE: Information from Tennessee was received after this story was published. The Tennessee info is published in the Comments thread below . . . UPDATED 8:18 P.M. EDT (U.S.A.) Louisiana has issued an Investor Alert on the Profitable Sunrise HYIP, joining a growing list of U.S. states and Canadian provinces to have done so.…

Mar 19, 2013
New Zealand Calls Profitable Sunrise ‘Illegal,’ Issues Warning, Cites YouTube Promos — And Suggests U.S.-Based Recruitment Arm May Be Part Of Scam

The Financial Markets Authority of New Zealand (FMA) has joined regulators in the United States, Canada and the United Kingdom in issuing a warning on the Profitable Sunrise HYIP “program.” New Zealand’s warning also extends to NJF Global Group, which appears to be a Profitable Sunrise recruitment organization operating from the United States. (More below.)…

Mar 14, 2013
BULLETIN: Alberta Securities Commission Issues Warning On ‘Profitable Sunrise’ After First Calgary Financial Observes ‘Trend’ Of ‘Suspicious’ Overseas Transactions

BULLETIN: The Alberta Securities Commission (ASC) has issued a warning on the Profitable Sunrise “program.” The Canadian agency’s move followed on the heels of reports from First Calgary Financial that “several of its Calgary customers have attempted to withdraw significant amounts of funds from their accounts for wire transfers to the Czech Republic,” ASC said.…

Mar 11, 2013
BULLETIN: Britain’s Financial Services Authority (FSA) Puts ‘Profitable Sunrise’ On Warning List Of ‘Unauthorised Firms And Individuals’

BULLETIN: The Financial Services Authority (FSA) of the United Kingdom has placed the Profitable Sunrise “program” on a warning list of “unauthorised firms and individuals.” Profitable Sunrise also is under scrutiny by American regulators in North Carolina and Alabama. The HYIP “program” purportedly is operated by Roman Novak. Separately, the New Zealand Herald is reporting…

Mar 8, 2013
MAXIMUM IRONY? Man Tells British Newspaper That He Used Prepaid Mastercard From Banners Broker At ATM — And Received Counterfeit £20 Note

UPDATED AT 10:40 A.M. ET (U.S.A.) A member of the “Banners Broker” program tells The Bristol Post that he used a prepaid Banners Broker MasterCard at a NatWest ATM to withdraw £600 and that a counterfeit £20 note was in the stack of cash dispensed by the machine. The plan, Paul Scoplin reportedly told the…

Mar 7, 2013