Cybercrime

Zeek Rewards Receiver: Claims Portal Scheduled To Open Soon

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 […]

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What Is HYIP?

A HYIP (High Yield Investment Program) is a kind of ponzi scheme, which is promising unsustainable high returns on investments made by people who play these money games. The profits for the previous investors are paid by investments made by new investors. Nowadays the so called “HYIP Industry” has become a pretty big market and […]

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UK’s FCA Issues Warning Against SolidTrustPay

The FCA, which is the financial services authority of the United Kingdom and was formerly called FSA, has issued a warning against the Canada based SolidTrustPay company.SolidTrustPay is a payment processor that is mainly used by fraudsters and HYIP Ponzi schemes, such as Bannersbroker, Uinvest and the already shut down Zeek Rewards Ponzi scheme. On […]

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Ukraine: Victim of MMM ponzi suffers from self-made bomb

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” […]

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TelexFree Case Prosecutor Threatened With Death

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.TelexFree, which has a U.S. arm in Massachusetts claims […]

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Realscam Ponzi Buster Forum Under Attack From Banners Broker

It seems like the crooks from Banners Broker, a Ponzi scheme which has been exposed by Realscam and currently in the process of collapse, are pretty bad loosers. Realscam has been under DDoS attacks several times during the past weeks and at this moment they are still under attack. Until now it was not clear […]

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Profitable Sunrise Reload Scam “Biwako Bank Limited” Is Gone

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 […]

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Profitable Sunrise Ponzi Scheme Emerges After Zeek Collapse

After a huge ponzi scheme called “Zeek Rewards” has been shut down last year, a HYIP ponzi scheme called “Profitable Sunrise” is now getting bigger, as lots of Zeek victims, including ponzi pitchmen, switched over to the new program. This is once again an example how blind people can be, as they are falling for […]

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Profitable Sunrise: New Official Warnings And Website Gone

The case Inter Reef Ltd., d.b.a Profitable Sunrise, does not get less hot. More and more countries / states issue warnings against the Ponzi Scheme. The Financial Markets Authority of New Zealand (FMA) has joined the regulators in the United States, Canada and the United Kingdom in issuing a warning on the Profitable Sunrise High […]

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Payza And SolidTrustPay Still Hold Zeek Assets According To Receiver

According to the court-appointed receiver of the Zeek Rewards Ponzi scheme, which has been shut down by the secret service last year, the HYIP offshore payment processors Payza and SolidTrustPay may hold even more money than originally believed. Initially it has been announced that these payment processors held more than $40 million connected to Zeek. […]

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Panama Issues Warning Regarding Felmina Alliance HYIP Ponzi Scam

Some time ago I reported about the collapse of a HYIP Ponzi scheme called “Felmina Alliance”, operating under the domain name “felmina.com”. One U.S. state had issued a warning back then. Felmina Alliance claimed to be based in Panama. Now the Superintendency of the Securities market of the Republic of Panama (SMV), has issued an […]

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New Jersey And Louisiana Issue Warnings On Profitable Sunrise

New Jersey and Louisiana have joined the other US states that issued a warning against the alleged Ponzi scheme Inter Reef Ltd which is doing business under the name Profitable Sunrise. According to the Patrick Pretty blog the unofficial total of US states or Canadian provinces issuing Investor Alerts or cease-and-desist orders now stands at […]

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Montreal: Omar Dhanani Arrested For Money Laundering

After a year long investigation, police in Montreal has arrested a 29 year old man who is the alleged ring leader of an online criminal organization which laundered millions of dollars over a five year period. Officers seized evidence, including 3 Apple Laptops, multiple hard drives as well as physical ledgers. Dhanani was scheduled to […]

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Matthew J. Gagnon Arrested For Promoting HYIPs

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 […]

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Leaders of MMM-India online ponzi arrested

As reported by The Times of India and various other news sources, 3 Russian and 3 Indian nationals were arrested in India for the organization and operation of an illegal cash gifting ponzi scheme named “MMM-India” located on the site “mmmindia.in”. They were charged under the Prize Chits and Money Circulation Schemes (Banning) Act of […]

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Kansas Issued Cease And Desist Order Against Profitable

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 […]

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JJ Ulrich Behind The Frederick Mann Name?

I think everyone who is watching the JustBeenPaid / JSS Tripler / Profitclicking Ponzi schemes for a while now will agree with me that Frederick Mann is nothing but some made up person for the purpose of making people believe some stupid lies in order to suck more money out of their pockets. Things always […]

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Interesting Interview With A Ponzi Buster About Profitable Sunrise HYIP Ponzi Scam

This is not gonna be a long article today. I just want to share an interesting interview with a Ponzi buster with you, which is about the topic Profitable Sunrise. Profitable Sunrise is a HYIP Ponzi scheme which promises investors unrealistic high returns and already collected millions of dollars while operating for over a year […]

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Ex-Stanford Chief Accountant Sentenced To 20 Years

Gilbert Lopez, a former chief accounting officer of R. Allen Stanford and his former controller Mark Kuhrt, were sentenced to 20 years in prison for helping concealing Stanford’s $7 billion Ponzi scheme. The men were convicted in November of conspiring to hide fraud. The sentences were imposed yesterday in Houston by U.S. District Judge David […]

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Crowdfunding Scam “Uinvest” Collapsed

Some time ago I reported that some supposed Ukrainian crowdfunding website called Uinvest, which in reality is a Ponzi scheme, organized some kind of a conference in the United States on April 29 until May 1st. Among two people who pretended to be the Uinvest CEO and the Uinvest lawyer, the scheme also managed to […]

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Benson Union HYIP Ponzi Scam Is Going South

Hard times have come for HYIP Ponzi players these days. After authorities started to act on the Profitable Sunrise Ponzi scheme and even the SEC is now going after the company as well as the promoters of the scheme, HYIP Ponzi players seem to be scared and stopped playing these money games for a while. […]

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Bannersbroker Ponzi Scheme Preparing Closure?

I already reported several times about the Bannersbroker Ponzi scheme. The last report was about their event going on in the UK, which appeared to be nothing more than the usual brainwashing events Ponzi schemes with public exposure are all doing. As usually there was not much of a value for participants, except nice speeches […]

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