According to a report on a popular Facebook Page of ripped off Banners Broker Victims, Canadian police has started to investigate against Banners Broker. Banners Broker is probably one of the largest Ponzi schemes online nowadays, being online since the end of 2010. It is believed that the key people behind this scam are a black guy called “Chris Smith” who is also the public face of the so-called “advertising company” and a well known person called Rajiv Dixit, well known from previous pyramid schemes and scams. Read more »
It has come to my attention that there is a HYIP Ponzi scheme operating under the name “Empire Finance Group” on the domain “empfinance.com”, which has recently started to mislead people with a “shiny new video” by making them believe it is a real deal. Read more »
There are news again from the Banners Broker Ponzi Scheme which appears to be one of the biggest online scams at this time. A new report of the Irish Examiner says that Banners Broker has cancelled the contract between the scam and its Ireland representative Paul McCarthy from one day to another. Read more »
Time is running out for those who want to make a claim regarding the Zeek Rewards Ponzi scheme case. So if you are not sure about what to do, you should make a decision ASAP now. The deadline for filing a claim is September 5th, 11:59 p.m. (preveiling Eastern time). Read more »
It seems like nearly everyone who is participating in the so-called “HYIP industry” thinks that promoting HYIPs is completely risk free and feds are only going after those who are operating such schemes. As the recent arrest of Matthew J. Gagnon is showing, this is not true at all and feds will go after everyone who is supporting such schemes in a big way. Read more »
According to reports in Brazilian media, a prosecutor in the state of Acre has been threatened with death over her role in the TelexFree investigation. At this time the prosecutor is receiving police protection. TelexFree is currently under investigation because it is considered as a Ponzi scheme. Read more »
Again Ukraine makes news about crime in connection to a ponzi scheme.
A 48 years old resident of Krivoy Rog, Ukraine
lost 1000 hryvnia ( $123 ) in the collapsed russian online cash gifting ponzi scheme MMM ,
meanwhile his upline (a promoter who introduced him to the scheme) bought a brand new car “Niva” with the ponzi and commission proceeds.
On night of July 20-21 our hero constructed a self made bomb with equivalent of 90 grams of TNT and tried to attach it with a magnet to his up-liner’s
car, but bomb detonated as soon as he did and he lost a palm of his left hand.
He is currently hospitalized and charged with article 121 (grievous bodily harm)
and 194 (intentional destruction or damage of property) of Criminal Code of Ukraine.
In a press release that has been published by Mt.gox on July, 4th, the Bitcoin exchange is announcing that customers are now able to withdraw US Dollars again. Mt.gox has stopped accepting USD withdrawals recently and claimed that their bank has been overloaded because there are too many requests.