BULLETIN: Prosecutors Say AdSurfDaily Figure Kenneth Wayne Leaming Was Channeling Cop-Killer Christopher Dorner In Veiled Bid To Intimidate Law Enforcement
BULLETIN: Federal prosecutors in the Western District of Washington have asked Judge Ronald B. Leighton to sentence AdSurfDaily figure and purported “sovereign citizen” Kenneth Wayne Leaming to 10 years in federal prison, the maximum term under the law. Leaming, 57, of Spanaway, Wash., was found guilty March 1 on charges of filing false liens against [...]
BULLETIN: Kansas Issues Cease-And-Desist Order To Profitable Sunrise; Document Names 2 Alleged Promoters, Including Nanci Jo Frazer; State Urges Investors To Contact Securities Commissioner
BULLETIN: The state of Kansas has issued a cease-and-desist order against the alleged Profitable Sunrise HYIP scheme, saying the “program” offered “gaudy” returns “of 1.6% to 2.7% on a daily basis.” In a statement, Kansas securities officials say the order names Florida resident David P. Cozzocrea as a Profitable Sunrise pitchman. Cozzocrea’s promo appeared on [...]
‘SOVEREIGN’ UPDATES: Devitoe Farmer Pleads Guilty In Tennessee ‘Quit Claims’ Caper; Kenneth Wayne Leaming Sends Bill To Federal Judge That Demands Payment In ‘Fine Silver’
EDITOR’S NOTE: This story was updated at 9:37 a.m. EDT on May 13 and again on May 17 at 2:24 p.m. to reflect that Kenneth Wayne Leaming is demanding payment from a federal judge in ounces of silver, not dollars . . . Devitoe Farmer, the purported Tennessee “sovereign citizen” indicted last year on charges [...]
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 [...]
RECEIVER: AlertPay And SolidTrustPay May Hold Additional Zeek Assets; Forensic Team Is Working ‘To Investigate And Seize These Funds’
EDITOR’S NOTE: One way to read a report filed yesterday by the court-appointed receiver in the Zeek Rewards Ponzi-scheme case is as a warning manual that brings to life the kind of vexing problems HYIP schemes create for operators, vendors and participants — including “insiders.” Kenneth D. Bell’s report to Senior U.S. District Judge Graham [...]
UPDATE: MPB Today Operator Ordered To Stay Away From MLM As He Awaits Sentencing In Racketeering Case; Separately, MLM ‘Programs’ Get Pounded In The Press
Gary Calhoun, the operator of the MPB Today MLM “program,” has joined AdSurfDaily Ponzi schemer Andy Bowdoin as a member of a dubious club: A Florida judge has ordered Calhoun not to get arrested on new charges and to stay away from MLM while he awaits sentencing in a racketeering case brought by Florida authorities [...]
WTOL Introduces Middle America To The Profitable Sunrise HYIP Scheme; Graphic Shows 3-Tiered Affiliate Program On Top Of Absurd Payout
During its 11 p.m. newscast yesterday, WTOL (CBS/Toledo) aired a report titled “Holy Rip-Off” about the alleged Profitable Sunrise HYIP scam. The report, which began with images of Ponzi schemer Bernard Madoff playing in the background, focused on alleged Profitable Sunrise pitchwoman Nanci Jo Frazer of Bryan, Ohio. Frazer and her NJF Global Group are [...]
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 [...]
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 [...]
BULLETIN: AdSurfDaily/OneX Pitchwoman Rayda Roundy Faces Proposed Fine Of $81,250 In Utah For Alleged Unlawful Sale Of ‘Safevest LLC’ Securities In Ponzi Scheme Targeted At Christians
BULLETIN: (UPDATED 4:58 P.M. EDT (U.S.A.) The state of Utah has proposed that Rayda Roundy of Hurricane be fined $81,250 and ordered to cease and desist from selling securities unlawfully in the state for her alleged role in hawking Safevest LLC. In May 2008, the SEC described Safevest as a fraud- and Ponzi-like scheme that [...]
DUBIOUS MILESTONE: ‘Profitable Sunrise’ Website Has Been Offline For 10 Days; ‘All Is Good,’ Pitchman Tells Conference-Call Listeners; Wild, Unverified Claims Made On Facebook And Ponzi Boards That ‘Program’ Will Resurface As 4-Percent-A-Day Scheme
UPDATED 11:33 A.M. EDT (APRIL 1, U.S.A.) On April 1, the PP Blog published a story that informs Profitable Sunrise participants on how to contact state and provincial securities regulators in the United States and Canada. That story is here. April 1 was the date the Profitable Sunrise “Long Haul” plan was supposed to pay [...]