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

Originally Posted by tcob

Why do they want to depose PayPal?

They request PayPal to bring information on account of someone named Milton Telxeira Da Silva , transaction logs, IP logs.

Perhaps, could be someone connected to company registrations, domain, web hosting, or could be account PS Admin used.

Apparently Paypal was too slow to provide it.

Criminal charges coming? Who?

Hello. I am new in this forums, is there anyone that can do me the favor to gather some info and get a brief description of what this scheme was and what happened? How many losses were there etc?

Regards.

Originally Posted by kYndr

Hello. I am new in this forums, is there anyone that can do me the favor to gather some info and get a brief description of what this scheme was and what happened? How many losses were there etc?

Regards.

You really need to start on page 1 and read through this thread. You will learn all you are asking about if you do.

I agree Eagle, I forget how I stumbled on this site, I think it was the Professor's cash gifting page after wanting to investigate what someone was up to. But the Profitable Sunrise and Banners Brokers threads are chock full of great information. There was also a very impressive thread on a few guys running an Iraqi dinar scam that I thing Gregg and Glim Dropper did a masterful job of calling.

Hell, all the old stuff starts the same, reads the same and ends the same.

US regulator cites Technocash as recipient of Bible-bashing Ponzi funds

http://www.theaustralian.com.au/busi...-1226669020950

Originally Posted by intheknow

US regulator cites Technocash as recipient of Bible-bashing Ponzi funds

Cookies must be enabled. | The Australian

Thanks for posting this article.

HUGE NEWS....NANCY AND HUSBAND CHARGED BY OHIO ATTORNEY GENERAL


Ohio Attorney General Mike DeWine - Williams County Charity and Solicitors Charged for 'Profitable Sunrise' Pyramid Scheme

Nice,

I hoped NJF case would be Federal, but ... 23 counts of state laws violation is good too,

Originally Posted by intheknow

HUGE NEWS....NANCY AND HUSBAND CHARGED BY OHIO ATTORNEY GENERAL


Ohio Attorney General Mike DeWine - Williams County Charity and Solicitors Charged for 'Profitable Sunrise' Pyramid Scheme

Ohio Attorney General

Originally Posted by NikSam

Nice,

I hoped NJF case would be Federal, but ... 23 counts of state laws violation is good too,

This is far from over, so don't be surprised if those charges come next by the feds. Investigations take time.

Still 23 counts is no chump change and the statement that none of the money went to charities as claimed is truly damning. Not going to be a happy outcome for her and all mentioned in the charges.

More Interesting story comes from this document: http://www.ohioattorneygeneral.gov/O...d67c556325.pdf

Apparently after PS disappearance. FUMI funds raised from donations were invested into Strongbrook Direct scam.

Do they even use their brain ? Do they understand the concept of what a charity is?

"Oh lord wont you buy me a color TV" -- And she did just that too, bought a TV for herself with donations.

My how things have changed. I remember back when Nanci Jo was making all her videos and telephone interviews with Roman Novak claiming how he was the most important man she had ever met, how he had changed her life, and what a Godly man he was. How she had seen all the documents proving that his bridge loan/hard money lending business was legitimate, and at one time claimed she had met him face-to-face. Remember all those heady days?

Well, now Nanci Jo has amnesia and is telling a different story about her involvement with Roman Novak. She said in an interview, and I quote:

"Nancy Jo Frazer claims that she, her husband and Rosebrock "did not know what was happening".

In a phone interview with WNWO, Frazer said she did not want to go on camera at this time, the self-proclaimed television spokeswoman said that it all started when she was introduced to a man named "Roman Novack" by phone.

Frazer says that "Novack" was referred to her as a "reputable collateral lender out of the UK" and says he offered her "free advertising" on his many websites "in exchange for being a group leader for his program" called Profitable Sunrise.

Mrs. Frazer says she never met "Novack", face to face, but looked him up online and said he "had a good reputation on the internet".

Frazer says that after signing on with "Novack" he began using her name and her ministry for other things, without her knowledge.

Guess Nanci Jo keeps forgetting that all those videos are still available even though she took them down. Since Nanci Jo was able to "look" Roman up on the Internet maybe she should tell law enforcement how she did it since they claim he cannot be found.

Just like in all Ponzi's, none of the defenders, pimps of the Ponzi are anywhere to be found. Wish that Ty would come back and give us his expert opinion on how this all happened.

From today's Bryan Times:

AG: Group was scheme

Three locals charged in lawsuit

Posted: Wednesday, July 10, 2013 12:00 am | Updated: 2:32 am, Wed Jul 10, 2013.
By TAMI BRIGLE Times Editor | 0 comments



The sun could be setting on Profitable Sunrise, at least in northwest Ohio.
Three area residents have been named as defendants in a lawsuit alleging violations of Ohio's charitable and securities laws in connection with Profitable Sunrise, an international pyramid scheme recently shut down by federal and international authorities.

I'm afraid the article is behind a pay wall but an old friend forwarded the text to me. I hope this will be considered fair use:

Tuesday, Ohio Attorney General Mike DeWine and the Ohio Department of Commerce announced a joint lawsuit and temporary restraining order against Bryan residents Nancy Jo Frazer and her husband David Frazer, as well as Sherwood resident Albert Rosebrock, and their charity, Defining Vision Ministries, formerly known as Focus Up Ministries Inc.

<Snip>

According to the state's complaint, the Frazers and [Albert] Rosebrock used Focus Up Ministries' alleged status as a charity to solicit donations and investments into Profitable Sunrise. The complaint claims that "According to its articles of incorporation, Defendant Focus Up Ministries was created for numerous religious and charitable purposes, including theological training, counseling services, housing services, the establishment of a Christian bookstore ..." and that it would provide donated funds to "... Bible studies, scholarships, crisis relief, events, missionaries ..." and more.

<Snip>

"You're not going to say securities because we are not talking in that language," Nancy Frazer allegedly told investors in a conference call. "Talk about the fundraisers in the charities. Everybody knows what that is. It's a good thing. It's a happy thing. It's not a bad thing."

It appears her claims were not supported, however.

"There is no evidence that any investments in Profitable Sunrise were used for any charitable purposes," court filings state, and no records verify the defendants' claims that Focus Up Ministries was a tax-exempt 501(c)(3) nonprofit.

<Snip>

As early as September 2012, filings state, Nancy Frazer had concerns about the lack of documents and records from Roman Novak, the alleged founder of Profitable Sunrise, yet she continued to solicit new investors. Court records refer to Novak as "John/Jane Doe" because the true identity has yet to be verified, and the person cannot be located.

During an investigatory hearing with the Division of Securities, the complaint maintains, Nancy Frazer testified that she expressed her concern to current and potential investors about the lack of documentation only "if they asked about it."

Profitable Sunrise is not the first scheme Nancy Frazer has been a part of, the suit claims. She has previously been involved with Ad Surf Daily, a multi-level marketing company out of Florida, whose founder pled guilty to wire fraud in May 2012. She also allegedly solicited investors or members for programs such as Profit Clicking, Fuel Freedom International and Zeek Rewards, which was the subject of action filed by the Securities Exchange Commission in August 2012. She currently is involved in Strongbrook Direct, and her position was allegedly purchased with funds donated to Focus Up Ministries.

Documents also indicate Rosebrock has been affiliated with Ad Surf Daily and Zeek Rewards in the past.

The motion filed Monday indicated that Nancy's husband David is the treasurer of Focus Up Ministries and was the branch manager, until April 2013, of Bryan's Huntington Bank, which holds six of the eight bank accounts identified in the suit. It is alleged he used his position at the bank to facilitate the scheme, opening the Focus Up Ministries account and making at least one wire transfer associated with Profitable Sunrise.

When contacted by The Times Tuesday, Huntington Public Relations Director Maureen Brown said, "It's our policy not to comment on personnel issues."

Kate Hanson, a public information officer with the Ohio Attorney General's Office, said that Huntington is not named as a defendant in the case, "and the bank cooperated with the investigation."

<Snip>

The filing indicates the defendants face a civil penalty of up to $10,000 for each alleged violation, and Hanson explained that multiple counts of the violations could be found. In addition, the suit seeks restitution for investors, relief for charitable beneficiaries, fees and punitive damages.

She also said it remains unclear how many investors gave money to the defendants and how much money was involved. Individuals who invested in Profitable Sunrise or were solicited to invest by the defendants are advised to call the Attorney General's Charitable Law Section at 614-466-3181.

All bolding mine.

Ad Surf Daily? Dear sweet Nanci Jo was deeper down the ponzi rabbit hole than even I thought. This will come as small relief to her many victims but Mrs. Frazer has screwed herself over as much or more than she helped hurt them.

And thanks again to our secret squirrel.

A late edit to add a link to the Ohio Attorney General's Press Release:

Williams County Charity and Solicitors Charged for 'Profitable Sunrise' Pyramid Scheme

7/9/2013
(BRYAN, Ohio) – Ohio Attorney General Mike DeWine and the Ohio Department of Commerce today announced a joint lawsuit and a temporary restraining order against Nancy Jo Frazer, David Frazer, Albert Rosebrock, and their charity, Defining Vision Ministries, formerly known as Focus Up Ministries, Inc., for violations of Ohio’s charitable and securities laws.

“This case involves a worldwide pyramid scheme that defrauded Ohioans and others out of millions of dollars,” Attorney General Mike DeWine said. “These individuals brought the scheme to Ohio by promising outrageous returns and telling investors that their donations and investments would help charities. We will continue to work closely with the Department of Commerce to hold the defendants accountable for their actions.”

Profitable Sunrise is an international pyramid scheme recently shut down by federal and international authorities. Profitable Sunrise claimed to be a Christian company that would use investment proceeds to help charities and provide investors with large returns. According to the state’s complaint, the Frazers, of Bryan, and Rosebrock, of Sherwood, used Focus Up Ministries’ status as a charity to solicit donations and investments into Profitable Sunrise. They also claimed that invested funds would compound at 1.6 to 2.7 percent daily, growing at annual rates of 5,000 to more than 75,000 percent.

The complaint also alleges that the defendants used funds donated to Focus Up Ministries for personal expenses and other unlawful purposes. These included financing for personal business ventures, the purchase of a big screen television, no-interest personal loans, and compensation for agents who solicited on behalf of the Profitable Sunrise pyramid scheme. The complaint contains counts of misrepresentation, deceptive acts and practices, conversion, falsification, securities fraud, and unlicensed sale of securities, among other violations.

In the lawsuit, the state requests that the defendants be prohibited from soliciting for or having any involvement with any charity in Ohio and from engaging in any securities activities in violation of Ohio law, in addition to restitution for investors, relief for charitable beneficiaries, statutory penalties, fees, and punitive damages.

A preliminary injunction hearing has been scheduled for July 22 at 10 a.m. in the Williams County Common Pleas Court.

The Attorney General’s Office is interested in hearing from individuals who invested in Profitable Sunrise or were solicited to invest by the defendants. Those with information should call the Attorney General’s Charitable Law Section at (614) 466-3181.
Documents

Lawsuit
Motion for Temporary Restraining Order
Temporary Restraining Order
Media Contacts

Dan Tierney: 614-466-3840
Kate Hanson: 614-466-3840

I may go to the hearing, lemme see what's up around here....

The complaint in the lawsuit is even worse than anything that had come out previously. Nanci Jo and friends tried to fake documents to the Ohio Attorney General, tried to fake payments they supposedly made to pay back FUMI for money they took out (remember her long statements that no officers etc... were getting payments from FUMI, well, that was a lie). Wow, 58 pages of bitch slapping.....

And near the end, a nice little gem, the AG is making a claim to ALL money collected in the name of FUMI, to distribute legitimate charities....so in theory, every dime Nanci Jo collected could be seized. So how about bragging about the $30 Mil you raised there, Nanci Jo?

Looks like Nanci Jo is going to prison.

If they have enough evidence to charge them with so many counts why dont they go ahead and arrest them all and lock them up and let them try to make bail? This always pisses me off in these scams get busted.

Originally Posted by Eddie Haskell

If they have enough evidence to charge them with so many counts why dont they go ahead and arrest them all and lock them up and let them try to make bail? This always pisses me off in these scams get busted.

It is called "white collar crime"

Originally Posted by Gregg

Looks like Nanci Jo is going to prison.

Gee I hope so...

Originally Posted by Gregg

And near the end, a nice little gem, the AG is making a claim to ALL money collected in the name of FUMI, to distribute legitimate charities....so in theory, every dime Nanci Jo collected could be seized. So how about bragging about the $30 Mil you raised there, Nanci Jo?

Looks like Nanci Jo is going to prison.

I hope her Co-Conspirators go right along with her.

I have a question someone might know the answer to. I remember someone in this section stating that Nancy Jo was advertising FUMI as a 501C. It was then stated that she was not actually registered as a 501C and falsely advertising it as such. What was the final on that? Was she actually a 501C or was it deception? From what I have read from the State of Ohio so far, it has not been mentioned. Unless I missed something. Thanks.

Btw Eagle like your updated website. Keep on defending the innocent.

Originally Posted by Former Player

I have a question someone might know the answer to. I remember someone in this section stating that Nancy Jo was advertising FUMI as a 501C. It was then stated that she was not actually registered as a 501C and falsely advertising it as such. What was the final on that? Was she actually a 501C or was it deception? From what I have read from the State of Ohio so far, it has not been mentioned. Unless I missed something. Thanks.

Btw Eagle like your updated website. Keep on defending the innocent.

In Glimdropper's post # 2264 are links to the Motion for Temporary Restraining Order and the granted restraining order. Read pages 4 and 5 of the motion for the Motion for Temporary Restraining Order.

Originally Posted by Former Player

I have a question someone might know the answer to. I remember someone in this section stating that Nancy Jo was advertising FUMI as a 501C. It was then stated that she was not actually registered as a 501C and falsely advertising it as such. What was the final on that? Was she actually a 501C or was it deception? From what I have read from the State of Ohio so far, it has not been mentioned. Unless I missed something. Thanks.

Btw Eagle like your updated website. Keep on defending the innocent.

Nothing around Nanci was ever registered as 501(c)3 , not even registered for state exemption.
It was also mentioned several times in Ohio complaint (Count ONE - 171) and in other 2 documents.


This is the last excuse they put on their Global Impact Resource Alliance Group site

...
It was decided to bring on board a young subordinate ministry that was under a church that had a 501c3 group status. This meant that the ministry (which was also a small church) would be under their guidance.

I believe they used what I said here before about group exemptions, but they never mentioned under which charity they claim to be, in that case it would be easy to verify if the upper charity heard of them, authorized them to collect donations in their name and accounted for all donations collected.

Everything about FUMI/NJF/GIR was a lie.

Originally Posted by Former Player

I have a question someone might know the answer to. I remember someone in this section stating that Nancy Jo was advertising FUMI as a 501C. It was then stated that she was not actually registered as a 501C and falsely advertising it as such. What was the final on that? Was she actually a 501C or was it deception? From what I have read from the State of Ohio so far, it has not been mentioned. Unless I missed something. Thanks.

Btw Eagle like your updated website. Keep on defending the innocent.

Thanks, glad you like it. We have been getting a lot of compliments on it.

As for FUMI, never was approved as a 501(c)3, as others have pointed out. All they did was file the name with the Secretary of State with their Bylaws and Articles of Incorporation. That's only 1/3 of the process.

Originally Posted by EagleOne

Thanks, glad you like it. We have been getting a lot of compliments on it.

As for FUMI, never was approved as a 501(c)3, as others have pointed out. All they did was file the name with the Secretary of State with their Bylaws and Articles of Incorporation. That's only 1/3 of the process.

In other words, NO, nothing that Nanci Jo was working with was ever approved as a 501(c)3 WHATEVER SHE SAID