Thread: Profitable Sunrise HYIP - Has anybody dug through it yet?

Originally Posted by JCA777

I just did a search for HYIP scripts and could not believe what I found. A person can start their own HYIP for $145! I wondered where these sites came from! All people have to do is see these to know what they are. Amazing!

Just search: HYIP scripts and you'll be amazed!

Don't get too excited. It's just a script that everyone in the industry will recognize as cheap and won't invest with you. Successful HYIPs use custom scripts.

You also need to host this thing somewhere. A normal host will suspend you. BlockDos is expensive, BlackLotus has a bad reputation, etc. Ideally you want to host it on your own servers.

There are other expenses as well.

God seems to be blessing PS a lot. They already have a cease and desist order in NC.

Originally Posted by Fendaril

They already have a cease and desist order in NC.

They can slap a notice on the site - we don't do business with NC residents. If you are from NC, please don't participate in our offer.

When notices from other states appear, they can do the same for other states. When notice from the Feds appears, they can exclude U.S. altogether. Formally, they will have complied with the orders. Meanwhile, they can go on. The only question is whether they want to or not.

I am sensing that PS promoters are getting very nervous. This why they are suddenly taking down videos

and putting up disclaimers. THEY ARE LIABLE FOR YOUR LOSS! If you are in PS research who your team leaders

are. When the program fails you have a easy lawsuit to win against the promoter. Take screen shots of

their promotional pages etc. Save all of the emails and updates you get from team leaders. Start looking

now for an attorney! You want to make some easy money? This will be very easy for you.

Originally Posted by Finix

Don't get too excited. It's just a script that everyone in the industry will recognize as cheap and won't invest with you. Successful HYIPs use custom scripts.

You also need to host this thing somewhere. A normal host will suspend you. BlockDos is expensive, BlackLotus has a bad reputation, etc. Ideally you want to host it on your own servers.

There are other expenses as well.

Hey, I don't want to start anything! I was just amazed at how readily available these things are. You don't even need a "secret handshake" or anything to find them! If people find these, why can't they realize that the other "programs" are just the same?
Probably a dumb question.

Originally Posted by JCA777

If people find these, why can't they realize that the other "programs" are just the same?

What makes you think they don't realize it?

Originally Posted by JCA777

I was just amazed at how readily available these things are.

The HYIP scripts? Why wouldn't they be? It's not illegal to sell software.

Originally Posted by Former Player

When the program fails you have a easy lawsuit to win against the promoter.

Are you going to sue for $80? It will cost you more to sue than you will get out of it. Now if you bet a farm and your upline has money, then you are in luck. There is something to be said about carefully choosing an upline from the start.

You are correct. However even if one were to lose just a few thousand they could sue for pain and suffering due to financial hardship. An attorney friend told me these would be easy cases to litigate since the promoters are selling and marketing unregistered securities.

Originally Posted by Finix

Are you going to sue for $80? It will cost you more to sue than you will get out of it. Now if you bet a farm and your upline has money, then you are in luck. There is something to be said about carefully choosing an upline from the start.

Originally Posted by Former Player

An attorney friend told me these would be easy cases to litigate since the promoters are selling and marketing unregistered securities.

If it were easy, we would have seen a lot of those during the decades online HYIPs existed. It would have been a whole industry of its own by now - sue the upline to become rich. I have a feeling it's a lot harder than people make it sound.

I think that once a precedent is set many will follow. It simply has not been tried yet. Hopefully someone will give this a try. It will open the floodgates.

Originally Posted by Finix

If it were easy, we would have seen a lot of those during the decades online HYIPs existed. It would have been a whole industry of its own by now - sue the upline to become rich. I have a feeling it's a lot harder than people make it sound.

Originally Posted by Former Player

You are correct. However even if one were to lose just a few thousand they could sue for pain and suffering due to financial hardship. An attorney friend told me these would be easy cases to litigate since the promoters are selling and marketing unregistered securities.

You've raised an interesting point. It is rare that people sue their sponsors, but is certainly something that could start to become a trend if people lose their money and there is not enough in the receiver's "pot" to go round. The ASD members were lucky. The ones that claimed received their funds back. the Zeek members are not so lucky, but are receiving some. It is highly likely that the PS members will receive even less, or even nothing if it implodes (or "Roman" runs off with the money before it is shut down).

If this was to happen there would be a number of consequences.

The first is obvious.

1)People who are basically honest, but who have really never done their homework before joining and promoting these schemes, will be very very cautious about joining anything in the future unless they know it is legal and they are therefore safe, so that will reduce the number of wide eyed newbies and some of the kool aid drinkers.

2) The players will find themselves under very heavy pressure from their downlines and many will be sued, so they will start flying high above the radar as far as law enforcement and gullible members are concerned. They will find it harder to flit from one scheme to another as smoothly as before.

3) A lot of members of the schemes will discover that they dont know who their sponsor or their sponsor's sponsor really is. After months or even years of having trust and/or loyalty to a name on an email, telephone, or on their Skype list, they will find that the person who they thought they "knew" no longer takes their calls and then come to the realization that they don't have a clue where they live or how to contact them, or even if that was their real name.

Originally Posted by Finix

If it were easy, we would have seen a lot of those during the decades online HYIPs existed. It would have been a whole industry of its own by now - sue the upline to become rich. I have a feeling it's a lot harder than people make it sound.

I may be wrong, but I think one of the biggest difficulties that people have deciding to sue their uplines is the relationship they have had with them. They may be friends or family members, or simply professional sponsors who, because of their experience, have built up a relationship with their downlines who then feel they are friends too. But even if it is hard, it may be well worth it for some of those people to put their illusions of "friendship" behind them and get a lawyer.

With respect to suing an upline or sponsor . . .

Former members of Bishop Eddie Long's congregation at the New Birth Missionary Baptist megachurch near Atlanta are suing Long for introducing accused Ponzi schemer Ephren Taylor to them. During discovery, attorneys for the plaintiffs found some documents that suggested the church had received a warning that Taylor was running a scam.

Former New Birth members sue Bishop Eddie Long | www.ajc.com

On a side note, Taylor purported to be a "social capitalist." That's more or less the same line the ClubAsteria scammers used. ClubAsteria, BTW, was popular on the same Ponzi boards on which Profitable Sunrise has a presence. The chief ClubAsteria hucksters were veterans of ASD and cash-gifting schemes.

Back in 2008/2009, some ASD members got together and sued Andy Bowdoin for racketeering in a prospective class-action.

There are at least two class-action lawsuits in the wake of Zeek, including one that names "John Does."

One thing the filing of a class-action does is get the attention of the Feds. It is not unusual for a prospective class to assert securities fraud has occurred within an "opportunity" and to go either to state or federal court to file a lawsuit. If the authorities later move, the case might get stayed, pending the resolution of the federal/state charges.

Getting a recovery even if judgments go against the scammers may be iffy in the context of both government actions and class actions brought by harmed investors. That's because the money typically has been dissipated, often in the form of Ponzi payments to insiders and winners. In those cases, a receiver may pursue recovery from the insiders/winners. Of course, the scammers/insiders/winners also may hide money.

Some of the ASD scammers/winners/insiders had started their own scam entities. The "Web Room Lady," for example, appears to have been running a purported "religious" entity in Oregon from her home in Missouri. The Feds seized X number of bank accounts of ASD's scam team.

Some of the ASDers appear to have relied upon advice dispensed by a "sovereign citizen" who is now jailed near Seattle for filing false liens against government officials and for being a felon in possession of firearms. For whatever reason, he took to calling himself a "live abortion" after earlier having advanced a Birther conspiracy theory against the President of the United States.

It's interesting that Profitable Sunrise also is using the word "abortion" in its offering materials.

PPBlog

Patrick, love the blog man! Promoters like Nancy Jo Frazer and a few other big names are HUGE targets for their flock. They likely made a killing. No matter how PS collapsed, would be easy picking for the losers.

Originally Posted by PPBlog

With respect to suing an upline or sponsor . . .

Former members of Bishop Eddie Long's congregation at the New Birth Missionary Baptist megachurch near Atlanta are suing Long for introducing accused Ponzi schemer Ephren Taylor to them. During discovery, attorneys for the plaintiffs found some documents that suggested the church had received a warning that Taylor was running a scam

It's interesting that "myriadforce" is over at MMG tring to insult North Carolina regulators by comparing them to "Sheriff Andy" and "Deputy Barney Fife" from the Andy Griffith TV show.

RealScam's LRM often has said the script varies only by degree during the life-cycle of an HYIP scam. Those words again are ringing true with Profitable Sunrise.

The AdSurfDaily apologists compared the lead Ponzi prosecutor to "Gomer Pyle," a character from the Andy Griffith show. Like the would-be insult of "myriadforce" in "defense" of Profitable Sunrise, the would-be insult from the ASD side didn't even make sense: Gomer Pyle, despite his quirkiness as a TV character, was (and is) an icon for integrity and attention to duty.

If the rulings of the judge in the ASD case could be reduced to two words, the words would be "Gomer won."

But even as "myriadforce" tries to insult an entire state on behalf of Profitable Sunrise, he further ventures that "Roman and Profitable Sunrise are as DAVID. The corrupt banking system is as Goliath."

Wouldn't you know? That's just what Andy Bowdoin said when he was trying to raise $500,000 to pay for his criminal defense in the ASD Ponzi case. He was "David"; the government was "Goliath."

Bowdoin's David. v. Goliath message didn't resound with the remaining troops, so Bowdoin tried to sell them into "OneX," which the Feds later described as a scam that followed the Bowdoin-connected AdViewGlobal scam. ASD, AVG and OneX all were Ponzi-board "programs" -- like Zeek and Profitable Sunrise and Legisi.

It's probably not a good idea for Profitable Sunrise apologists to use a perceived Andy Griffith or Barney Fife (or Gomer Pyle) insult in North Carolina, given that old Andy and Barney and Gomer are icons in the state (and across the United States). Heck, there's even an Andy Griffith Museum in the state, and Andy, Barney and Gomer are feted for their integrity. Andy was born in the state and graduated from the University of North Carolina at Chapel Hill. The American people loved their weekly visits to rural North Carolina via the Andy Griffith show in the 1960s.

Beyond that, the faith community in North Carolina is apt not to be keen on the David. v. Goliath talking points that "myriadforce" is rolling out. Lots of people of faith recoil at the notion that churches applaud felonies-in-progress.

In nearby South Carolina, some of the faithful led cheers for the "Three Hebrew Boys" Ponzi schemers. The sentences handed down in that case were the longest in the history of the South Carolina federal courts. Like the ASD case, purported "sovereign citizens" entered the "Three Hebrew Boys" fray, including one or more of the defendants. The "defenders" accused the U.S. Attorney of treason. (The ASD "defenders" accused a federal judge of treason.)

Throughout America, scammers are targeting fraud schemes at people of faith. Some ministers basically are turning a blind eye to fraud at the altar. Some of the stories that have emerged wouldn't sell as fiction.

PPBlog

Originally Posted by PPBlog

One thing the filing of a class-action does is get the attention of the Feds.

Another point of a class action - legally, the primary point - is that it makes a lawsuit worth pursuing by aggregating dozens or hundreds of claims which individually would be too small to merit a lawyer's time. The people receiving the "Sue! Sue!" advice will find generally that there is little they can do individually by way of suit. There just isn't enough involved. Put a bunch together, however, and you may find an experienced civil litigator willing to take it on a contingency. If, BTW, you ever speak to a lawyer who tells you that you have a great case but then asks for money up front, inquire about whether the lawyer will do it on a contingency alone. That's the real test. You may find that the lawyer is a lot less enthusiastic if s/he must share the risk.

Another serious disincentive for a lawyer is

the money typically has been dissipated, often in the form of Ponzi payments to insiders and winners

Correctamundo. Not a lot of point in kicking ass and taking names if there's nothing at the end of the road. Trust me: you can very easily spend more money than you ever recover by chasing assets.

Short moral: 99% of the victims will be unable to find recompense through individual legal action.

Originally Posted by PPBlog

Former members of Bishop Eddie Long's congregation at the New Birth Missionary Baptist megachurch near Atlanta are suing Long for introducing accused Ponzi schemer Ephren Taylor to them. During discovery, attorneys for the plaintiffs found some documents that suggested the church had received a warning that Taylor was running a scam.

The SEC agrees with the last clause.

[QUOTE=wserra;Short moral: 99% of the victims will be unable to find recompense through individual legal action.[/QUOTE]

I question at this point if there is a real "Roman Novak" to go after, but how much is a Nancy Jo or John Shepcroft really making and more importantly worth as a result of these deals? Even at a million or two a year, that is peanuts in the scope of actually trying to litigate and recover assets unless they have a 401Ponzi and other liquid assets that can be attached. It seems when most of these things blow up you are left with 7 luxury cars, 32 watches, a few forged paintings and other than living the good life not much in terms of real assets.

Adlandpro scammers are having a field day with this promotion.

Profitable Sunrise Promoters from Adlandpro.

One of the most sickening bits of sales spiel can be seen if you

Type http://www then adlandpro.com/ad/1462694/Profitable-Sunrise.aspx

Quote

"The Founder and CEO of Profitable Sunrise is Roman Novak. He is also an avid supporter of Charity works and loves to help people. We have communicated with him via email on numerous occasions. He is very personable and responsive.
Roman runs the company with his brother Radoslav Novak who is also a lawyer; and apart from the legal issues is responsible for the marketing.
The investment model is based on short-term investments and generates income way greater than most regular investment models do. The business model combines tried and tested investments with certain state-of-the-art innovations that bring the risk of loss to a minimum.
But more importantly, Profitable Sunrise allocates a significant amount of their earnings to charity as there are so many people out there that need help."

Now this is just too rich. It seems that a few of the posters at MMG started going after each other and Yippee had to close the thread for a while to let them cool off, and it wasn't even about my posts for once.

But that doesn't mean they haven't been reporting me and trying to get me banned. Poor Yippee must be going nuts with everyone reporting my posts they don't like, and are upset that I have not been banned.

But here is what is going to happen with the NC Cease and Desist order. Roman is going to announce that the NC authorities did not want to accept his "proof" PS was properly licensed and registered, and he was not going to do what they wanted him to do to be compliant in NC, he is going to block anyone from NC from participating in PS. It is no big deal and won't effect PS going forward. This news will make all the faithful happy and that they have nothing to worry about. They will use it to say us naysayers/trolls don't know what we are talking about, this proves that PS is legal and Roman knows what he is doing, and they will try to pimp more people into joining and losing their money.

Originally Posted by EagleOne

Now this is just too rich. It seems that a few of the posters at MMG started going after each other and Yippee had to close the thread for a while to let them cool off, and it wasn't even about my posts for once.

But that doesn't mean they haven't been reporting me and trying to get me banned. Poor Yippee must be going nuts with everyone reporting my posts they don't like, and are upset that I have not been banned.

But here is what is going to happen with the NC Cease and Desist order. Roman is going to announce that the NC authorities did not want to accept his "proof" PS was properly licensed and registered, and he was not going to do what they wanted him to do to be compliant in NC, he is going to block anyone from NC from participating in PS. It is no big deal and won't effect PS going forward. This news will make all the faithful happy and that they have nothing to worry about. They will use it to say us naysayers/trolls don't know what we are talking about, this proves that PS is legal and Roman knows what he is doing, and they will try to pimp more people into joining and losing their money.

@Eagleone - What I really don't understand is WHY YOU feel you can be God, Judge and Jury over the 'scam' Programs. I think that with as may of these as there have been exposed for what they really are - and yet people continue to join them - that is THEIR Choice. I'm sure they are all big boys & girls and realize the risks involved. What upsets me about what you do (and have done) is that YOU are causing these people to lose whatever monies they put into these programs - even IF they are scams, there is the possibility that some (or more), may have been able to 'ride' a bit longer, and may have possibly been able to recoup some of their monies before it all finally crashed.
I really don't understand WHERE YOU fit in all of this!?!?!

Janzmr, what would you do if some stranger, let's call him Keith Luck, showed up offering you amazing returns for your payment. And someone else warned you that he was a scammer, yet you still went through with it, only to find out that he was a phony and that you'd just lost it all, possibly even had your identity stolen.

Would you rather not have had any warning, and still fallen for it?

Welcome to REALSCAM.com Janzmr,

Who is acting as "God, Judge and Jury over the 'scam' Programs" ???

This is an information forum.

There is no compulsion involved, nor is anyone censured for not listening to what is said AND none of us here stand to gain or lose whether people believe us or not.

In fact, our logo makes that point perfectly clear:



YOU decide.

People are quite at liberty to visit any of the "usual suspect" HYIP ponzi forums and then come here to get both sides of the story.

It's called "freedom of speech"

You chose to use your freedom in an attempt to justify lying about the truth behind HYIP ponzi frauds such as Profitable Sunrise.

We, on the other hand use that same freedom of speech to point out what we believe to be the facts.

Readers then exercise THEIR right to choose for themselves.

No need to complicate things any further than that.

Originally Posted by janzmr

@Eagleone - What I really don't understand is WHY YOU feel you can be God, Judge and Jury over the 'scam' Programs. I think that with as may of these as there have been exposed for what they really are - and yet people continue to join them - that is THEIR Choice. I'm sure they are all big boys & girls and realize the risks involved. What upsets me about what you do (and have done) is that YOU are causing these people to lose whatever monies they put into these programs - even IF they are scams, there is the possibility that some (or more), may have been able to 'ride' a bit longer, and may have possibly been able to recoup some of their monies before it all finally crashed.
I really don't understand WHERE YOU fit in all of this!?!?!

Ride a bit longer and recoup their monies from WHOM? The new people getting sucked in! The longer it goes on, the more people at the bottom that lose out. It is not right to gain money via deception - this is not simply a game of chance played by those in the know, or there would be no need of the fake back story. These schemes prey on the vulnerable, using "charity" and religion, it's sick. I am sure there are many people grateful to the Ron Eagles of this world for helping them avoid losing their hard earned money and having it possibly used for money laundering and/or financing terrorism.