Hyip weekly report – more fraudsters brought to justice

Most of us have heard about the shocking murdered news of the co-owner of e-bullion, Pamela Fayed. Meanwhile, as published on August 1st by Pacific Coast Business Times news, a class-action lawsuit filed in Ventura County seeks to seize as much as $5 million it claims are on account with e-Bullion.

The suit does not accuse e-Bullion of any wrongdoing. It alleges another company, Invest Manager, ran a Ponzi scheme and that the proceeds of that scheme might be stored in e-Bullion accounts.

The lawsuit against Invest Manger alleges the firm promised investors a 12 percent weekly return. The company delivered those returns for a time, building confidence among investors, the lawsuit alleges. But then Invest Manager stopped making payments and was not heard from again.

The people behind Invest Manger haven’t been identified, nor has its headquarters or place of incorporation, Renshaw said. There has been no reply to the complaint, which was filed May 20th.

After a legal notice of the suit runs for at least a month, a judge can rule on how much the plaintiffs are owed and give them the green light to purse the funds, which the plaintiffs believe are held in e-Bullion accounts.

AsianPay would be another soon-to-be-scammed payment processor as we heard more and more noises from people all around the world that AsianPay with its other companies and programs which are The Investors Corner and Thailand Gold Exchange had scammed them. AsianPay poses as a credit card payment processing company.

Asianpay offers a payment processing facility that is far more seller-friendly than Paypal, Worldpay or any of the other major online payment processors.

Incentives such as no charge-backs after 7 days and decreasing commission percentages with increased volume, lure sellers to Asianpay.

Those companies which have been scammed by AsianPay and its subsidiaries had filed police reports and currently AsianPay and its owner, Carlo Sorio are under investigation by Thai authorities.

According to them, Carlo Sorio had ran away and when the police came to his residence, it was up for sale. So, currently Thai police is hunting him down. If you have been scammed by AsianPay you can visit this website http://kanitamo.com/carlossorioasianpaychiangmaihostingstoleourmoney.html and write about your complaints in order to proceed with legal action against those fraudsters.

AsianPay not only scammed people’s money via online but via offline too. There was news published in Thai newspaper that AsianPay had convinced people in Thai as well as Singapore to invest in the company and promised to give them lucrative returns.

More than 20 villagers in Hang Dong district had filed a complaint with police accusing a chief fund operator of deceiving them into investing with him.

The villagers alleged that AsianPay Co Ltd, which is operated in tambon Ban Tawai by Italian businessman Carlo Sorio, had persuaded more than 300 clients, Thais and Singaporeans, to invest with him, promising to provide them very good returns. The company's website www.asianpay.com shows it also has an office in Singapore.

Each client was required to invest a minimum of 20,000 baht over a certain period, varying from 15 and up to to 360 days, the villagers said. At the end of the investment period, they were to receive the invested capital and the interest.

The villagers said the company, which was established about four years ago, paid daily returns to its clients, or members, in the first few years.

<>One villager who fell into vicitm, said he invested 50,000 baht in the company. The company initially paid him US$3 a day. He then advised his relatives to become members. All transferred money to the chit fund via commercial banks. The villagers complained the company stopped making payments to the members, saying it had encountered money flow problems.

<>Pol Lt-Col Tikawut Banditchusakul, the inspector at Hang Dong, said police would send the case on to the Department of Special Investigation if it was found to be a type of chit fund scam, luring people with false promises. It is believed the fund had a lot of clients in Chiang Mai.

<>Asdcashgenerator, a big and long standing manual surf program closed immediately after the company had been raided and the assets been seized by the Secret Service Agents on Aug 5th as reported on wctv website. And as of yesterday, on press release from Florida Attorney General Office’s that, Bill McCollum had filed a lawsuit against Quincy company. AdSurfDaily accusing the company and its owners of operating a huge pyramid scheme. The Attorney General’s lawsuit is seeking civil damages for the victims and an injunction against the company, its president, Andy Bowdoin Jr., and its employees to prohibit them from engaging in future deceptive marketing. The lawsuit comes on the heels of a raid conducted by the U.S. Secret Service on the company’s headquarters. The federal authorities also froze $53 million in bank accounts held by the company.

<>The lawsuit filed by the Attorney General alleges that AdSurfDaily – also known as ASD – operated a pyramid scheme, a multilevel marketing operation which depends on new investments to keep the scheme running. The lawsuit claims there were insufficient funds from any legitimate enterprise to support the profits ASD promised to pay. Instead, ASD depended upon new victims to turn over cash in order to make promised payments to those who had earlier given money. The Attorney General believes many of the victims of AdSurfDaily were Floridians who were scammed into handing over thousands of dollars to Bowdoin with promises of big profits that were rarely, if ever, provided.

<>According to the lawsuit, the pyramid scheme promoted by ASD is a violation of Section 849.091, Florida Statutes, and a per se violation of the Florida Deceptive and Unfair Trade Practices Act found in Part II of Chapter 501, Florida Statutes. The Attorney General seeks actual damages for consumers as well as civil penalties. The lawsuit is not connected with the criminal investigation being conducted by federal authorities.

<>Officials from the US Attorney's Office say they believe this business was a "Ponzi scheme that he masked as an advertising company." Investigators were executing a search warrant yesterday for documents and computers at AdSurf Daily, an internet marketing company. Sources close to the investigation say Ad Surf Daily made more than 100 million dollars in just a few months. Investigators are still on the scene at the business located at 13 South Calhoun Street in Quincy.