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Tag: Wayde McKelvy

URGENT >> BULLETIN >> MOVING: Judge Declares Mantria Corp. A ‘Smoke And Mirrors’ Ponzi Scheme, Says Troy Wragg And Amanda Knorr-Led Firm Acted With ‘Sociopathic Greed’; Defendants ‘Shamelessly’ Raised $54.5 Million Through ‘Blatant Lies’

URGENT >> BULLETIN >> MOVING: Using direct, no-nonsense language, U.S. District Judge Christine M. Arguello has ruled Mantria Corp. a Ponzi scheme that operated with “sociopathic greed” to defraud investors of millions of dollars. Some investors were encouraged to drain equity in their homes to invest with Mantria, according to the ruling. The ruling was…

Aug 8, 2011
RECOMMENDED READING: Blogger Recalls His Real-Life Encounter With An MLM Stepfordian And Wonders Whether The Cadillac Ever Will Arrive At His House

EDITOR’S NOTE: Blogger Chuck Miller, who posts on the website of the Albany (N.Y.) Times Union, has a post today on the unique circumstances under which he became a self-described “mark” for an MLM pitch nearly 20 years ago. Seems Miller’s MLM memories linger after nearly two decades. (You’ll learn why by clicking on the link…

Jan 5, 2011
THE MODERN PONZI: Federal Judge Orders Parties Not To ‘Harass’ Receiver In Mantria/Speed Of Wealth Case; Dozens Of Companies Now Ensnared In Litigation

A federal judge has issued an order that effectively puts a court-appointed receiver in control of dozens of entities related to Mantria Corp. and Speed of Wealth LLC in a search for “recoverable assets.” One of the receiver’s duties is to determine if fraudulent transfers occurred between or among companies, according to the order. The…

May 4, 2010
Judge Enters Injunction Against Mantria/Speed Of Wealth Figure Donna McKelvy In ‘Green’ Ponzi Scheme Case; Speed Of Wealth Website Goes Missing

A federal judge has issued an order that enjoins Speed of Wealth principal Donna McKelvy from breaking securities laws and disgorges her ill-gotten gains from the alleged Mantria Corp./Speed of Wealth Ponzi scheme. McKelvy, 43, of Parker, Colo., consented to the order without admitting or denying the allegations in a complaint filed by the SEC…

Dec 17, 2009
RECOMMENDED READING: ‘Speed Of Wealth’ Defendant In Ponzi Scheme Case Pounds Denver Reporter With Offers To Join Trump Network, Other Opportunities

EDITOR’S NOTE: The story below references a column by Renee McGaw in the Denver Business Journal. Make sure you read the column. The link is at the bottom of this story. The column reminded us of what occurred in the opening hours of the prosecution against the assets of Florida-based AdSurfDaily Inc., accused in August…

Dec 3, 2009
BREAKING NEWS: SEC Charges Four Individuals, Two Companies In Alleged ‘Green’ Ponzi Scheme; Former President Clinton Acknowledged Firm’s Commitment To Environment At Major New York Event In September

It what may become an embarrassment to President Obama, Former President Clinton and Secretary of State Hillary Clinton, a man the SEC now says was operating a $30 million Ponzi scheme appeared alongside President Clinton at the 5th Annual Meeting of the Clinton Global Initiative (CGI) in New York Sept. 25. Obama’s name and the…

Nov 16, 2009