ASD Second Remission – Important Information

Posted by on Jun 25, 2013 in Archive | 0 comments

ASDRemission.com Is Online, Claim Forms Must Be Mailed In By April 28th The website is active, http://www.asdremission.com. You can get your claim forms there, and make sure you file on time to be considered. The Remission Form along with your supporting documentation must be postmarked no later than April 28, 2013 and mailed to: Ad Surf Daily Remission c/o Gilardi & Co. LLC P.O. Box 8060 San Rafael, CA...

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Profitable Sunrise – Analysis Of A Ponzi

Posted by on Jun 25, 2013 in Archive | 2 comments

Profitable Sunrise was launched on the Internet on November 11, 2011. The original website had the backdrop of the statue Christ The Redeemer in Rio de Janeiro, Brazil. Super-imposed over this picture was the text of the Home Page providing an overview of Profitable Sunrise, as well as Bible passages. The main target of Profitable Sunrise was the Christian Community as evidenced by his quoting Scripture on the website, and for the group leaders who professed their Christianity to their members. To understand what Profitable Sunrise said versus what is reality, I first want to provide you with the exact wording from their website. This is the text from the Profitable Sunrise Home Page: Risk-free An investment with a certain rate of return and no chance of default. Although various investments (for example, savings accounts or blue chip stocks) meet these requirements, a Treasury bill is the most common example of a riskless investment. Risk-free investments have such a low level of risk that it may be ignored. Simple All our loan operations are insured and each one has a security which is equal to the amount of loan plus the interest on the loan. We use the funds invested by our members. So all your investments are insured by default. Good Day, my name is Roman Novak, I am the owner and founder of Profitable Sunrise. I hope our services will be of interest to you. Since you are reading this, I assume that you have already shown interest. We are a team of professionals that will lead you to prosperity and peace. If you follow us, you will shortly praise the Lord that he led you here. By putting your money to work with us, you will make the right decision. You will not only increase your savings, but will also help those in need. Allow me to introduce my team to you. My brother Radoslav Novak is a lawyer and apart from the legal issues is responsible for the marketing. Ruth Ellington is our accountant. Nosuke Koyama is the technical expert responsible for the smooth operation of our website. Everyone is welcome to join us. Our doors are and will always remain open to you. Our investment model is based on short-term investments and generates income way greater than most regular investment models do. Our business model combines tried and tested investments with certain state-of-the-art innovations that bring the risk of loss to a minimum. We have been doing this for over 6 years now and successfully lived through the stock market turmoil several years ago. Moreover, we have grown big and confident enough to start safely offering our services to private investors and companies. We provide short-term loans to...

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Profitable Sunrise – All Federal And State Filings And Court Cases

Posted by on Jun 25, 2013 in Archive | 0 comments

PROFITABLE SUNRISE – ALL FEDERAL AND STATE FILINGS AND COURT CASES The SEC Press Release, April 5, 2013 UK Companies House Dissolution of Inter Reef, Ltd Legal Actions Against Nanci Jo Frazer and Focus Up Ministries: Ohio Department of Commerce – Press Release January 2015 Ohio Attorney General Press Release Lawsuit Motion For Temporary Restraining Order Temporary Restraining Order Kansas Security Commissioner Dismisses Lawsuit Against Nanci Jo Frazer and Focus Up Ministries without Prejudice David P Cozzocrea Settlement with Kansas Securities  Commissioner State of Ohio Trial Date Set for Nanci Jo Frazer and her Focus Up Ministries THE SEC COURT ACTIONS Complaint for Injunctive Relief SEC Summons Fortuna-K SRO SEC Emergency Motion Temporary Asset Freeze Memorandum Support of SEC Application SEC Certificate Civil Procedure Temporary Restraining-Emergency Relief Minute Sheet for Hearing 4-15-13 Order Granting Preliminary Injunction SEC Response in Opposition to Motion to Unfreeze, Release and Return Funds by Paul Schilling Motion to Unfreeze, Release and Return Funds By Paul Schilling Order Denying Paul Schilling’s Motion to Unfreeze, Release and Return Funds Securities and Exchange Commission vs Inter Reef Ltd, et al (Docket File) Tony Infante Notice of Deposition North Carolina Warning Profitable Sunrise members about Reloading Scam Notice of Third Party Subpoenas Notice of Third Party Subpoenas – PayPal and Societe Generale Subpoena to Don Gillette Subpoena to PayPal, Inc. Subpoena to Melton McCalahan Subpoena to Societe Generale Subpoena to John Schepcoff Here is a listing of all the states who have either issued a cease and desist order, or an alert warning about Profitable Sunrise and the links to their respective actions: North Carolina Division of Securities Alabama Securities Commissioner Ohio Department of Commerce Florida Office of Financial Regulation Nevada Secretary of State Wisconsin Department of Financial Institutions California Department of Corporations Minnesota Commerce Commissioner Indiana Secretary of State New Mexico Regulation and Licensing Department Texas State Securities Board Maine Office of Securities Idaho Department of Finance South Carolina Attorney General Alaska Division of Banking and Securities Louisiana Department of Securities Missouri Secretary of State New Hampshire Bureau of Securities DC Department of Insurance, Securities and Banking Georgia Secretary of State Tennessee Securities Division Oregon Division of Finance and Corporate Securities Maryland Securities Division New Jersey Bureau of Securities West Virginia Office of the Auditor Delaware Attorney General North Dakota Securities Department South Dakota Division of Securities Office of the Kansas Securities Commissioner Kentucky Department of Financial Institutions CANADIAN AUTHORITIES ACTIONS: The Alberta Securities Warning The Quebec Securities Warning (French) The Quebec Securities Warning (English) The Ontario Securities Warning The British Columbia Securities Warning The Manitoba Securities Commission The New Brunswick Securities Commissioner United Kingdom Authorities: FSA Warning New Zealand Authorities New Zealand Financial Market Authority...

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Paybox.me/Vertapay Scam

Posted by on Jun 25, 2013 in Archive | 0 comments

Towards the end of 2010, there was a program that launched called PayBox.me, which offered you $50 to sign up and up to $20 per day paid to you, with a $5 referral fee payment per person you signed up. On the surface they were trying to emulate PayPal. They offered services such as person-to-person transactions, currency exchanges, online store and small and mid-size business integration with payment processing. To receive the $20 per day required you to log into PayBox.me and complete tasks such as subscribing to their newsletter or completing surveys. All sounds good so far, right? As with all scams, not all is as it seems or what you see is not what you get. Here’s why I say that: You were thinking you were going to be paid in US Dollars, as that is the impression they gave you. But in reality they were paying you PayBox currency. Which by the way PayBox says is “autonomous and independent of all nations and governments.” PayBox.me is not the first program which offers credits/vouchers/units making their currency exchangeable with other currencies. The only problem is you have no guarantee their currency will ever be interchangeable with other currencies. They also like to have their cake and eat it too. For in their TOS (Terms of Service) they say, and I quote: “PayBox.me reserves the right to update and change the Terms of Service from time to time and without notice. Continued use of the Service after changes to the Terms of Service shall constitute your consent to such changes. PayBox.me, in its sole discretion, has the right to terminate your account and refuse any and all current or future use of the Service, or any other PayBox.me Service, for any reason at any time. Such account termination would include the deactivation and deletion of your Account and your forfeiture of any account balance shown in your Account. PayBox.me reserves the right to modify or discontinue, temporarily or permanently, the Service (or any part there of) with or without notice at any time. We reserve the right to refuse service to anyone for any reason at any time. We reserve the right to terminate any account for any reason at any time.” They went on to explain what is PayBox.me currency: “All account balances are held in PayBox currency. PayBox maintains a currency that is autonomous and independent of all nations and governments. The PayBox currency is denominated in dollars and cents (similar to the currency of the United States and over 20 other countries. The value of our currency is estimated to be close to that of the U.S. Dollar. As in the case with any currency, once the PayBox currency becomes openly exchangeable, its value as weighted against all other would currencies...

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F.B.I. Struggles to Handle Financial Fraud Cases

Posted by on Jan 26, 2013 in Archive | 0 comments

By ERIC LICHTBLAU, DAVID JOHNSTON and RON NIXON, October 19, 2008   WASHINGTON — The Federal Bureau of Investigation is struggling to find enough agents and resources to investigate criminal wrongdoing tied to the country’s economic crisis, according to current and former bureau officials. The bureau slashed its criminal investigative work force to expand its national security role after the Sept. 11 attacks, shifting more than 1,800 agents, or nearly one-third of all agents in criminal programs, to terrorism and intelligence duties. Current and former officials say the cutbacks have left the bureau seriously exposed in investigating areas like white-collar crime, which has taken on urgent importance in recent weeks because of the nation’s economic woes. The pressure on the F.B.I. has recently increased with the disclosure of criminal investigations into some of the largest players in the financial collapse, including Fannie Mae and Freddie Mac. The F.B.I. is planning to double the number of agents working financial crimes by reassigning several hundred agents amid a mood of national alarm. But some people inside and out of the Justice Department wonder where the agents will come from and whether they will be enough. So depleted are the ranks of the F.B.I.’s white-collar investigators that executives in the private sector say they have had difficulty attracting the bureau’s attention in cases involving possible frauds of millions of dollars. Since 2004, F.B.I. officials have warned that mortgage fraud posed a looming threat, and the bureau has repeatedly asked the Bush administration for more money to replenish the ranks of agents handling nonterrorism investigations, according to records and interviews. But each year, the requests have been denied, with no new agents approved for financial crimes, as policy makers focused on counterterrorism. According to previously undisclosed internal F.B.I. data, the cutbacks have been particularly severe in staffing for investigations into white-collar crimes like mortgage fraud, with a loss of 625 agents, or 36 percent of its 2001 levels. Over all, the number of criminal cases that the F.B.I. has brought to federal prosecutors — including a wide range of crimes like drug trafficking and violent crime — dropped 26 percent in the last seven years, going from 11,029 cases to 8,187, Justice Department data showed. “Clearly, we have felt the effects of moving resources from criminal investigations to national security,” said John Miller, an assistant director at the F.B.I. “In white-collar crime, while we initiated fewer cases over all, we targeted the areas where we could have the biggest impact. We focused on multimillion-dollar corporate fraud, where we could make arrests but also recover money for the fraud victims.” But Justice Department data, which include cases from other agencies, like the Secret Service...

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Iraqi Dinar: Potential Class Action Lawsuit

Posted by on Sep 26, 2012 in Archive | 0 comments

IRAQI DINAR: POTENTIAL CLASS ACTION LAWSUIT Our first inquiry about the Iraqi Dinar came in August of 2008.  At that time we stated that we did not see the Iraqi Dinar having a re-denomination for at least 4-5 years, possibly longer. Then in 2010 we were asked about it again and our position had not changed.  The only difference was we said it could now be 3-4 years for the re-denomination to take place, but that was all subjective and there were too many unknowns to make an accurate prediction. We kept being told about so-called Iraqi Dinar Guru’s who were telling those who had bought Iraqi Dinars that the re-denomination would take place at any moment.  We told people, who would listen, they had no inside information for this to be true. We also told people who had bought the Iraqi Dinar that this was not a scam, but a sham.  We said “sham” because the Iraqi Dinar is real currency and does have value, just not at the levels the Iraqi Dinar Guru’s have been claiming it would. We also said that the only ones who would make money in the Iraqi Dinar was the people who were selling the Dinar to the masses. Here we are four years later, and the Iraqi Dinar Guru’s are still predicting the re-denomination will take place any day now. But there has been a new wrinkle with the Iraqi Dinar Guru’s.  There is now a civil lawsuit filed by two Texas investors against four men and their companies (Iraqi Dinar Guru’s) accused of a criminal scam involving the sale of the Iraqi Dinar.  Our only surprise is that is has taken this long for one of these actions to have taken place.  Here is the article from the Toledo Blade regarding this lawsuit.  Please read it because they are talking a possible class action lawsuit against these parties.  Here is the article: 9/22/2012 BY ERICA BLAKE AND  NOLAN ROSENKRANS – TOLEDO BLADE STAFF WRITERS A civil lawsuit was filed in Lucas County Common Pleas Court Friday by two Texas investors against four men and their companies accused of a criminal scam involving the sale of Iraqi currency. In the civil case, John R. Merritt and Arley G. Lee say they each purchased several thousand dollars of Iraqi dinar based on the representations of the defendants and that the defendants’ actions were in violation of the U.S. securities laws. Toledo attorney Thomas Pigott, who filed the complaint, said that he plans to ask that the lawsuit be made into a class action to cover all the investors who bought into the alleged scheme. “Our case is different than the federal criminal...

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