Shortly after the popular HYIP Ponzi scam “Profitable Sunrise” collapsed, a lot of so-called reload scams appeared which targeted at Profitable Sunrise investors. Lots of them were promoted by former pimps of the Profitable Sunrise Ponzi scam as “the next big thing”, others targeted itself at Profitable Sunrise victims, promising them to return their lost funds. One of the schemes that was pimped by former promoters of the scheme was called “Biwako Bank Limited”.
The guys over at Realscam have just recently started to uncover some Ukrainian Ponzi scheme that claims to be the biggest crowdfunding company in the world. This seems funny, as most of the industries big names has never heard about them and also they do not seem to care much about any securities laws anywhere in the world, not even in their own country. But this is not the topic today. What is even more interesting is, that we can see again WestPark Capital doing shady business.
The state of Kansas has recently issued a cease and desist order against the Profitable Sunrise HYIP Ponzi scam. In this cease and desist order they are saying that the program offered gaudy returns of 1.6% to 2.7% on a daily basis. This cease and desist order comes a bit late, it is still important though.
Five days ago I reported that the Zeek Rewards claims portal is scheduled to open soon. This has now happened. The portal is accessible through the website of the court appointed receiver and also through a separate website. All claims must be filed by 11:59 p.m. (prevailing Eastern time) on September 5, 2013.
According to the “Hindustan Times”, a newspaper in India, 13 deaths have been linked to Ponzi schemes operating in the West Bengal region. Just recently a man has been found dead hanging in a tree, the newspaper reported. At least 12 people have been commited suicide and a director of the Ponzi scheme “Saradha” has been killed since the scheme started to fail.
Currently a YouTube video has got the attention by the people over at the Realscam Ponzi buster forum, in which a former pitchman of the Profitable Sunrise Ponzi scheme claims that he joined a new program that is Hong Kong based and “1,000 percent better” than Profitable Sunrise or Zeek Rewards. The pitchmen does not identify the program he is talking about in the video which has a length of 14:32. Read more »
UPDATE: The claims portal is now open, if you lost with Zeek Rewards Ponzi or decided to surrender your profits voluntarily proceed to www.ZeekRewardsReceivership.com
The court appointed receiver of the alleged Zeek Rewards Ponzi scheme has announced that the claims portal is scheduled to open on or before May 15. “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 Claims Process for ZeekRewards,” receiver Kenneth D. Bell wrote in a letter to Zeek Rewards investors.
According to federal prosecutors a worldwide gang of criminals stole the total amount of $45 million by using a hacked database of prepaid debit cards and then draining cash machines around the globe. Seven people which are connected to the case are currently under arrest in the United States. The fraudsters used bogus magnetic swipe cards, carrying information from Middle East banks. According to Attorney Loretta Lynch, the fraudsters worked in cells including one in New York.