In Case Reminiscent Of Profitable Sunrise, Alberta Securities Commission Finds That Dale Joseph Edgar St. Jean And Gregory Dennis Tindall Made False Statements And Conducted Ponzi Scheme
Two men conducted an offering fraud tied to a purported “bridge lending” business and wiped out investors in a $52 million Ponzi scheme, the Alberta Securities Commission said yesterday. Some of the allegations against Dale Joseph Edgar St. Jean and Gregory Dennis Tindall were remarkably similar to allegations in the United States against the Profitable [...]
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. [...]
Pitchman Says Hong Kong-Based ‘Program’ Is ’1,000 Percent Better’ Than Profitable Sunrise And Zeek Rewards
In a bizarre and disturbing video playing on YouTube, a former Profitable Sunrise pitchman claims a new “program” he joined is operating from Hong Kong and is purveyed by an unidentified “doctor.” The purported opportunity is “1,000 percent better” than Profitable Sunrise or Zeek Rewards, according to the video. News of the video first was [...]
ANOTHER ALLEGED SENIOR SCAMMER: Leonard Ansill, 77, Booked At Palm Beach County Jail On Ponzi Charges
Leonard Ansill, a 77-year-old resident of Jupiter Farms, Fla., has become the latest senior citizen accused of swindling investors in a Ponzi scheme — this one of the real-estate variety. Ansill’s booking sheet at the jail shows he is being held on seven criminal charges, including multiple counts of grand larceny. One of his alleged [...]
BULLETIN: Zeek Rewards Claims Portal Scheduled To Open ‘On Or Before’ May 15, Receiver Says
BULLETIN: The claims portal for the alleged Zeek Rewards Ponzi scheme is scheduled to open on or before May 15, the court-appointed receiver has announced. “It is with pleasure that I report on May 8, 2013, the U.S. District Court for the Western District of North Carolina granted our motion seeking Court approval of our [...]
DIABOLICAL: Purported ‘Christian’ Enterprise With Purported Ties To Catholic Church Launches Spam Campaign For Purported ‘Loan’ Program And Bizarrely Tries To Sanitize It By Linking To PP Blog Story On Profitable Sunrise Scam
Is it channeling Profitable Sunrise as part of an affinity-fraud/identity-theft reload scam? An enterprise that bizarrely is calling itself “ALL SAINTS CATHOLIC CHURCH LOAN FIRM” purports to have an office in England and appears to be targeting Catholics and Christians in general to be fleeced in a purported “loan” program. The spam/scam pitch begins, “I [...]
URGENT >> BULLETIN >> MOVING: Zeek Rewards Claims Process Approved By Federal Judge
URGENT >> BULLETIN >> MOVING: A federal judge has approved the claims process in the Zeek Rewards Ponzi scheme case. The order approving the process was signed today by Senior U.S. District Judge Graham C. Mullen, meaning that claims must be submitted within 120 calendar days from today. Zeek Rewards receiver Kenneth D. Bell submitted [...]
‘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 [...]
DEVELOPING STORY: Buford Rogers Arrested In Alleged Localized Terror Plot In Minnesota, FBI Says
FBI agents and other members of law enforcement have arrested 24-year-old Buford Rogers in Montevideo, Minn., after executing a search warrant Friday and finding “explosive devices” and “several guns,” the FBI said today. “The FBI believes that a terror attack was disrupted by law enforcement personnel and that the lives of several local residents were [...]
12 Law-Enforcement Agents Reportedly Injured In Clash With Pyramid Schemers; Dozens Of People Reportedly Detained By Chinese Authorities
State-run media in China are reporting that 12 members of law enforcement were injured in a clash with pyramid schemers. The Xinhua news agency says that a pyramid-inspired uprising began in China’s Anhui Province and that 34 members of the scheme were detained for assault and five were arrested. From the news agency (italics added): [...]