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Tag: Zeek Rewards

Spammers Push Bitcoin-Themed Reload Scams

You’ve probably heard about the debacle at Mt. Gox, a Bitcoin exchange. Reuters, meanwhile, is reporting that a Bitcoin bank known as Flexcoin is shutting down after it lost $600,000 to a hacker attack. Elsewhere there are stories about the tragic death of 28-year-old Autumn Radtke, CEO of First Meta Pte Ltd, a Bitcoin exchange.…

Mar 6, 2014
URGENT >> BULLETIN >> MOVING: Zeek Receiver Sues Alleged Insiders, Winners; Emails, Skype Chats Helped Expose Fraud; ‘We’ve Already Attracted A Great Many Big Fishes,’ Wright-Olivares ‘Excitedly’ Told Paul Burks Early In Scheme, Kenneth D. Bell Alleges

URGENT >> BULLETIN >> MOVING: (8th Update 2:40 p.m. ET March 4, U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case has sued alleged insiders and net winners, including members of the 2008 AdSurfDaily Ponzi scheme. Parts of the complaint read like a re-living of the ASD scheme, with Zeek Receiver Kenneth…

Mar 3, 2014
BULLETIN: Tata Group, Famous Business Concern In India, Says Fraudsters Trading On Its Name To Push HYIP Scheme; Purported Agriculture ‘Program’ Has Presence On The Ponzi Boards

BULLETIN: (3rd Update 8:32 a.m. ET, Feb. 20 U.S.A.) The Tata Group, a global conglomerate based in India, says its name has been stolen by an HYIP Ponzi scheme. The fraud scheme is associated with a domain styled TataAgro.com and has a presence on the MoneyMakerGroup, TalkGold and DreamTeamMoney Ponzi forums, according to search results.…

Feb 18, 2014
TELEXFREE LA-LA LAND: Promo For Alleged Pyramid Scheme’s International Convention Is Voiced By Former SEC Defendant (In Pyramid-Scheme Case) — And Uses Images Of Pyramids Of Giza And American MLM Lawyer

U.S.-based TelexFree, alleged in Brazil to be a massive pyramid scheme, is serving up a heaping helping of strangeness. For starters, a promo for TelexFree’s International Convention set for Spain next month is being voiced by Sann Rogrigues, whom the SEC successfully sued in 2006 amid allegations he was operating a pyramid scheme and engaging…

Feb 18, 2014
Why California’s WCM777 Action May Spell Trouble For HYIP Promoters On You Tube

Still using social-media sites to promote massive fraud schemes — even after the AdSurfDaily, Zeek Rewards and Profitable Sunrise debacles? Thanks to his presence on social media, Harold Zapata, a WCM777 YouTube pitchman named a respondent in a Desist and Refrain order announced last month by California’s Department of Business Oversight, may be trapped between…

Feb 16, 2014
UPDATE: 2 Key Figures In Zeek Case Will Be Under Supervision Of U.S. Probation Office While Out On Bond

In an update to victims of the $850 million Zeek Rewards Ponzi scheme, federal prosecutors said Dawn Wright-Olivares and Daniel Olivares will be under the supervision of the U.S. Probation Office while out on bond. Wright-Olivares, 45, was Zeek’s former COO. She pleaded guilty last week to investment-fraud conspiracy and tax-fraud conspiracy. Daniel Olivares, the…

Feb 9, 2014
Banners Broker Cultists Rip Play From Zeek, AdSurfDaily, AdViewGlobal HYIP Scambook

Whoever is pulling the linguistic strings at the Banners Broker HYIP cult operating globally online now is channeling Zeek Rewards, AdSurfDaily and AdViewGlobal in their final days. Zeek, an $850 million Ponzi- and pyramid fraud that once suggested participants should change their toilet-paper dispensing habits if instructed to do so, threatened to ban members who…

Feb 8, 2014
MORE FROM MLM LA-LA LAND: Former SEC Defendant In Pyramid-Scheme And Affinity-Fraud Case To Headline TelexFree Event In Spain

Calling Sann Rodrigues its “TOP PROMOTER IN THE WORLD,” the alleged TelexFree pyramid scheme curiously has announced that Rodrigues will be a headliner at a TelexFree rah-rah session in Spain on March 1 and 2. An image of Rodrigues now rolls across TelexFree’s website. But the promo does not mention that Rodrigues was successfully sued…

Feb 6, 2014
BULLETIN: Wright-Olivares, Olivares Plead Guilty For Roles In Zeek Rewards’ Ponzi Scheme

BULLETIN: (3rd Update 1:46 p.m. ET U.S.A.) Dawn Wright-Olivares and Daniel Olivares pleaded guilty this morning for their roles in the $850 million Zeek Rewards Ponzi- and pyramid scheme, the office of U.S. Attorney Anne M. Tompkins of the Western District of North Carolina said. Wright-Olivares, 45, was Zeek’s former COO. Her stepson, Olivares, 31,…

Feb 5, 2014
EDITORIAL: When MLM Is PR Poison: Footnote In Zeek Receiver’s Most Recent Filing Harkens Back To Scam Of Yesteryear — Also, Does Unrelated ‘Agape World’ Case Provide Clues About Tax Scam Within Ponzi Scam At Zeek?

Ah, those serially disingenuous MLM hucksters and commission-based Ponzi pitchmen: They’ll ultimately destroy their own brands while picking millions of pockets. Before doing so, they’ll use your brand as a temporary means of sanitizing themselves, bring PR disasters to your legitimate company and perhaps even find an insidious way to turn the government into their…

Feb 2, 2014
SporTV Video Shows That TelexFree, An Alleged Pyramid Scheme, Is Using A Shared Office Facility In Massachusetts With At Least 25 Other Firms

UPDATED 9:21 A.M. ET (FEB. 22, 2014 U.S.A.) As the PP Blog reported on July 4, 2013, TelexFree is using a shared office facility in Marlborough, Mass. Promoters of TelexFree, alleged in Brazil to be a massive pyramid scheme that may be using a VOIP product as a front, have shown photos of TelexFree President…

Jan 15, 2014