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Tag: Ultimate Power Profits

  • COURTING TROUBLE: In Bogus Promo, Obama Shown As Pitchman For ‘MyAdvertisingPays’

    On April 2, a video depicting President Obama as a fan of the MyAdvertisingPays "program" appeared on YouTube. An "Obama voice" was dubbed into the video. Text below the video reads, "Mr. President speaks about the new advertising revolution."
    On April 2, a video depicting President Obama as a fan of the MyAdvertisingPays “program” appeared on YouTube. An “Obama voice” was dubbed into the video, which also shows the Presidential Seal. Text below the video reads, “Mr. President speaks about the new advertising revolution.”

    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 pleaded guilty to wire fraud.

    Bush left the White House in January 2009, after Barack Obama was elected President. By August 2010, according to the FTC, “medical discount” hucksters were trading on Obama’s image.

    By September 2010, contrived images of Obama appeared in sales promos for the MPB Today MLM “program.”

    MPB Today operator Gary Calhoun later was charged with racketeering. Assets were seized. A conviction followed.

    In 2013, with Obama now in his second term, he was depicted in a promo as a pitchman for a scheme known as Ultimate Power Profits. That “program” had promoters in common with Zeek Rewards, which the SEC described in 2012 as a combined Ponzi- and pyramid scheme that had gathered hundreds of millions of dollars.

    Against this backdrop, a YouTube video that appeared online today positioned Obama as a pitchman for MyAdvertisingPays, a Ponzi-board scheme like ASD, MPB Today, Ultimate Power Profits, Zeek and many others.

    News about the 0:33 MAPS’ video titled “My Advertising Pays, Obama” first appeared on the RealScam.com antiscam forum.

    MAPS already may be on borrowed time. That’s because MAPS has links to both the Zeek and TelexFree schemes. TelexFree, alleged to have gathered more than $1.8 billion, also traded on the illusion the U.S. government backed the “program.”

    The video for MAPS puts MAPS-friendly words into the President’s mouth.

    “My AdvertisingPays pays its members every 20 minutes,” a mimicked voice of Obama’s says. “I highly recommend you to join MyAdvertisingPays.”

    The video concludes with, “God bless MyAdvertisingPays.”

     

     

  • On Date Of Obama Inauguration, ‘Program’ Promo Turns President Into Pitchman For ‘Ultimate Power Profits’

    ultimatepowerprofitspresUPDATED 11:08 A.M. ET (U.S.A.) On a day Americans cherish as a great symbol of the continuation of Democracy, images of their President are being used to create the impression he has endorsed a “program” HYIP hucksters sought to popularize in the aftermath of the August 2012 collapse of the Zeek Rewards “program” amid SEC allegations that Zeek was just another massive Internet scam.

    “Just join their team and you will receive all the help you need to grow your own business,” an animated Obama tells prospects in a video promoting Ultimate Power Profits. “By doing so, your earnings will increase. There is no hidden agenda. They showed me how their system worked and I was impressed. It is a fully legal and U.S.-patented system they use to make money.”

    Obama’s image previously was used in affiliate promos for MPBToday, a purported MLM “grocery” program whose operator was arrested on a racketeering charge in Florida last month. A building that housed MPB Today’s operations is the subject of a federal forfeiture action in U.S. District Court for the Northern District of Florida. The forfeiture case was filed July 31, 2012.

    Less than three weeks later — on Aug. 17, 2012 — the SEC alleged Zeek was a $600 million Ponzi and pyramid scheme. Zeek and MPBToday are known to have promoters in common, including serial Ponzi scheme pitchman “Ken Russo,” also known as “DRdave.”

    On Aug. 18, only a day after the SEC’s Zeek action late on Friday afternoon, the PPBlog began to receive spam about the UltimatePowerProfits “program.” (See Comments thread below this story. The Blog established a Ponzi-forum tie between Zeek and Ultimate Power Profits.)

    On Aug. 20, the office of North Carolina Attorney General Roy Cooper — which also had been investigating Zeek — issued a warning on “reload scams” in the wake of the SEC’s Zeek action.

    Ultimate Power Profits is not the first “program” to make a claim about a “U.S. patent.” The JSS/JBP scam, which purported to pay an annualized return of 730 percent and purportedly was operated by former AdSurfDaily Ponzi-scheme pitchman Frederick Mann, also made a claim about a U.S. patent.

    It is not uncommon for HYIP scams and MLM frauds to plant the seed that a “program” is endorsed by an agency of the U.S. government or a U.S. politician. ASD’s Andy Bowdoin was accused in 2008 of trading on the name of George W. Bush, then the President of the United States and Obama’s predecessor.

    Images of former President Bill Clinton and Secretary of State Hillary Clinton were used in the massive Mantria “green” Ponzi scheme in 2009.

    In 2012, JSS/JBP came under the lens of CONSOB, the Italian securities regulator. Some promoters, however, didn’t miss a beat. (Compare the images in the screen shots below. The first is from a promo for an emerging “program” known as RicanAdFunds; the second is from a promo for Zeek; the third is from a promo for JSS/JBP.)

    1.

    ricanfundschapmansmall

    2.

    chapmanzeek

    3.

    jss-triplersmall1