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

Actually I would love to be there if it were possible. If the next two months go by as fast as these last two, it is going to be here before we realize it. Always good to see the fruits of your labor pay off.

Originally Posted by NikSam

So, how our Nanci is doing ?

Seems great:



Now she runs own blog - smartfortunecookie.net, where she continues to lie about her part in PS
And uploads videos from time to time:
https://www.youtube.com/channel/UCdY...ydWPn_Q/videos

Darn, her comments have been deleted. I wish I had taken a screen shot before she deleted it. If anyone has a copy of her comment or a screen shot, please send it to me via PM or Email. Thanks.

The Ohio cast against Nancy Jo Frazer and friends appears to have been settled. The court docket reflects a guilty/ no contest plea. I have no details on the settlement.

Originally Posted by JamesParis

The Ohio cast against Nancy Jo Frazer and friends appears to have been settled. The court docket reflects a guilty/ no contest plea. I have no details on the settlement.

Definitely not as satisfying as watching her get mopped around the courtroom floor, but there's always the upside that fewer taxpayer dollars go down the drain and the prosecution can move on to the next one. Thanks for posting the update. If you hear anything about a sentencing date, let us know.

SD

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It is a civil trial and there would be no criminal sentence. It would be a fine and possibly an agreement to abstain from future violations, etc... The other shoe might be about to drop, however. If criminal charges are to come, a good attorney would concede a civil case like this to protect their client from saying anything that could be used in a future trial. This is the kind of case where I would not be surprised for this to be the dilemma.

So disappointed that her trial will not take place. Now her followers will make her a martyr and they will never learn the truth about her.

Highly Unusual Developments In Christian Ponzi Scheme Trial

Sent you a Skype message in regard to your article.

The Ohio Department of Commerce Press Release regarding Nanci Jo Frazer, Albert Rosebrock, and Focus Up Mininstries:

Ohio Nanci Jo Frazer, et al judgment.jpg

Frazers, Rosebrock settle with attorney general in scam case

By LYNN THOMPSON Times Reporter | Posted: Thursday, January 22, 2015 9:00 pm

"The Jesus" will not be used, not as Nancy Jo Frazer intended.

She, along with her husband David and Albert Rosebrock of Sherwood, will pay the state $108,000 for their involvement with a multi-million dollar international Ponzi scheme.

"In the Ohio case, the people who were investing thought they were also benefiting a charity," Kate Hanson, spokesperson for Ohio Attorney General Mike DeWine, said Thursday afternoon. "The ministry funds were frozen when the case was filed, along with each of their personal bank accounts. That money will go to the Attorney General's Charitable Law Fund to be used for charitable purposes as originally intended."

The purported charity in this case was Frazer's Focus Up Ministries, Inc., which promised "Your prosperity is increased when you use the Jesus," according to a previous version of the company's website.

On March 14, 2013, the ministry was named in Ohio Department of Commerce findings which indicated money donated to Focus Up went into her NJF Global Group Fund, which went to the Profitable Sunrise collateral loan company in Birmingham, England. From there it went to the Inter Reef Ltd. holding company in Prague, Czech Republic, which went to into the pockets of a Mr. Roman Novak.

But Novak may not have pockets and probably doesn't even have pants. Odds are he isn't even a real person, according to Federal Securities Exchange Commission attorney Pat Huddleston.

“Scam artists know that cross-border transactions are hard to track,” he said after the story broke in April. “There is, quite plainly, a well-organized and crafted intent to separate people from their money. If all that money had stayed in America, we’d have a happier ending to the story.”

Profitable Sunrise wasn't real either. It was just a mailbox in a British post office across the street from an apothecary in Birmingham, he said.

Frazer's connection came to light after somebody pledged to pump $3,000 through the system, Securities division spokesman Dennis Ginty told The Times that April. The person was instructed to wire the money as a loan agreement or "await further instructions" if he couldn't do that within five days. He called the cops instead.

Frazer's NJF Global Group was Profitable Sunrise's biggest player with 71,051 members from around the world with an investment balance of more than $33.1 million, according to the company's website.

Anybody could "Get richer every sunrise," Profitable Sunrise's website promised. Its $10 starter plan offered a 300 percent ($30) return by compounding 1.6 percent interest daily for 180 days. There were higher interest rates for bigger investments, topping out with 648 percent compounded over 240 days.

Anybody who recruited investors into Profitable Sunrise's $500,000 Group Plan got a 5 percent commission from each of their down line investors' returns, plus a 2 percent commission from each of their down lines' down lines. Frazer's take would have been $1,655,519.

"I tried it and it worked," Frazer said during her evidentiary hearing in the Williams County Court of Common Pleas that August. She said she invested $100 and got $300 back. She also said she actually talked to Novak, but he didn't have time to answer questions because his girlfriend was in the hospital.

Novak seemed legitimate though, she said in court. He asked for credentials, a resume and proof that Focus Up was a real charity.

"All the group leaders had to have a charity," Frazer said, noting the setup was similar to the way things were done in the other 22 direct marketing companies she had been involved with in the past.

Frazer appointed her husband as Foucs Up's official treasurer. "She decided that while I was at work," David Frazer told the judge in the August proceedings. He turned the position down when he got home "because it wasn't a good idea, given my situation," he said.

He was a branch manager and executive vice president of the Huntington Bank in Bryan. After news of the allegations broke, he was fired in April after 32 years with the bank, four years longer than he and Nancy had been married, he noted in court.

Rosebrock became involved when he wire transferred $139,000 to Profitable Sunrise in 2012, he said at the same court hearing. He also got a $10 gratuity from each of the 40,000 investors for his extra help with the operation.

He did the legwork because “Nancy’s time is valuable,” he said, and “She mentored me.”

He also said that on March 11, 2012, Frazer got a call from Novak saying he was going to migrate servers to Hong Kong. Nobody's heard from him since and nobody's ever seen the money.

"Focus Up" changed to "Defining Vision" after the Department of Commerce issued its findings, but that no longer exists either.

In addition to the cash settlement, Rosebrock and the Frazers agreed to dissolve the charity and never work for another, under threat of contempt charges with stiff penalties — an instant $710,000 fine, payable to the Attorney General's office and divvied out to Focus Up Ministry investors who still haven't got their money back.

They also agreed to never sell securities within the state again.

"We believe this is a fair resolution to a case that underscores the importance of researching charities and being skeptical of claims that are too good to be true," DeWine said in his press release Thursday afternoon.

Frazer submitted a press release of her own Thursday evening.

"March 13th, 2013 will be a day that local Mom and business woman Nancy Jo Frazer will never forget," she wrote. Her son was in the hospital, flown in on Life Flight for emergency surgery, and she found out Profitable Sunrise had "disappeared off the online grid."

"That proved to be a nightmare for Mrs. Frazer," she wrote. "Her family, the ministry she supported, and others who all became victims, but of what they were not sure. Thus began a path of ridiculous living."

She said that she and Rosebrock spent two years in "a painful trial of untangling themselves from a company called Profitable Sunrise and its mysterious founder."

The money is still there, she said, waiting in a bank in Hungary, waiting to be claimed.

Her involvement was a matter of misunderstanding and misinformation, she said.

Profitable Sunrise seemed legitimate and worked fine when she tried it in 2012, Frazer wrote.

"The state knew it was a fraud, but never told Frazer," she said. "Not until Frazer got a cease and desist order from North Carolina ... all (investors) saw positive results themselves and also saw many others posting positive feedback online up to that point.

"It is during the worst times of trials that people really show who they are and it is our hope that all who know us and those who don’t will see that we choose not to be bitter or angry at the situation but just grateful for what we have learned and for all the good things that have happened," Frazer wrote.

Frazer shares her story

Posted: Thursday, January 22, 2015 9:00 pm
Bryan Times

Editor's note: Nancy Jo Frazer wished to share the following information in relation to the Profitable Sunrise case settlement. The statement was left in its entirety as submitted by Frazer.

March 13th , 2013 will be a day that local Mom and business woman , Nancy Jo Frazer, will never forget. At 4 pm in the afternoon on that day, Nancy and her family received a phone call that her son was about to be transported by Life Flight from his college to St. Vincent’s hospital for emergency removal of a life threatening blood clot on his brain. The next morning while waiting for her son to come out of surgery, she was informed that one of her Clients who founded a company called Profitable Sunrise had suddenly shut down his websites and disappeared off the online grid. Under the care of the skilled surgeon at St. Vincents, their son came through with flying colors and is fully healed today.

But the sudden disappearance of a UK Company and it’s founder proved to be a “nightmare” for Mrs. Frazer, her family the Ministry she supported and others who all became victims but of what they were not sure. Thus began a path of “ridiculous living” for Mrs. Frazer and he co-board member Albert Rosebrock for the next two years as they went through a painful trial of untangling themselves from a company called Profitable Sunrise and it’s mysterious Founder who has literally vanished yet left millions of dollars behind in a bank in Hungary.

NON-PAID BOARD MEMBERS

Nancy Jo Frazer and Albert Rosebrock were non-paid volunteers for an online Christian Ministry called FocusUp Ministries, F.U.M.I., founded in 2009. Mrs. Frazer did graphics design to support it’s online presence. In 2011 a Wisconsin based church offered the opportunity for the Ministry to join with their church as a subordinate ministry under the parent church’s 501c3 Group exemption. The area pastor who represented their church, guided young Ministry through the development process.

Mrs. Frazer donated not only her time but also funds to support the Ministry as it did not accept donations or tithes. The area Pastor was voted in as the Senior Pastor and President, Mrs. Frazer was voted in as the Vice President and Albert Rosebrock was the Secretary Treasurer. Both Nancy and Albert had never served on a Ministry board in this capacity but were assured support and guidance from the parent church. That support was minimal and eventually non-existent which later came back to be a huge negative for the young Ministry and for it’s board members.

Mrs. Frazer also works as a professional marketing Consultant for the past 20 years both on the corporate level and online and has traveled worldwide helping company’s establish their brand and sell their products. In May of 2012 she was approached by business associate and eventually an owner of a company called, Profitable Sunrise, based out of the UK for her help. A request was made for her to review the program initially for it’s function and consistency as a small business loan company with the potential that she might be willing to assist them in some way.

Mrs. Frazer watched the program for months and then starting in July, she researched and personally tested the program for a total of 7 weeks with a small group of friends, who she supported with her own funds, for helping her, and all saw positive results themselves and also saw many others posting positive feedback online. Profitable Sunrise up to that point, presented itself worldwide as a legitimate business opportunity offering the ability to help back the Company’s short term bridge loans using a Private Loan agreement program designed by the company Founder.

In August 2012 Nancy received a call that the founder of Profitable Sunrise wanted to speak with her personally by telephone. On the call he proceeded to ask Mrs. Frazer for an exchange of her services working in customer support role to assist in answering questions about the company and guiding customer through the process of using the website. The Founder then sent over his licenses and legal documents validating himself as a legitimate business owner based in the UK. He claimed he was a Christian and liked to help charities. He said he was operating a collateral lending company for the past several years in the USA, and now was operating is company internationally specializing in short term bridge loans for small businesses and expressed he would be grateful for Mrs. Frazer’s help in the USA.

It became apparent later that the Founder of Profitable Sunrise was well aware prior to his call, that Mrs. Frazer was a board member of the Ministry. The Founder asked Mrs. Frazer if she would help him with his customers (participants) but with no pay in exchange for a free advertising spot for the Ministry. Mrs. Frazer brought the idea to the Board and it was approved to accept the offer. She also presented the concept to another area church board and they had nothing negative to say about it and even wanted to participate themselves. Fortunately Mrs. Frazer did not pursue that with them.

The Profitable Sunrise, Founder also offered a place on the website where anyone who was already using their program could make an “optional donation” to the designated Charity. This forced the young board to prepare to properly handle a fully operational Ministry. That included learning how to handle and appropriately disperse donations to those in need according to State regulations for churches.

Like many new church ministries, most start with a home bible study that eventually expand. Mrs. Frazer has worked from a home office for the past 10 years and decided to donate a large portion of her home office to the F.U.M.I. and her office equipment for free usage and all board members voted to not accept any income for Ministry work. This later caused a misunderstanding and confusion being that Mrs. Frazer ran her business from home and had a designated area for the young Ministry to operate out of. She now advises other young ministries to immediately keep things separated to avoid misunderstandings with regulators.

This was one of the main reasons for confusion that Profitable Sunrise somehow was connected to the Ministry. People sent in their own free will offerings simply to support the Ministry. The Board was dedicated to make sure that things were done properly so they hired three professional Individuals who had excellent resumes to help make sure all was done within compliance.

As the Profitable Sunrise grew organically worldwide in popularity, it was apparent that over 31 other Charities were also being sponsored by the company that had nothing to do with the F.U.M.I. board. The downside was that those actively marketing the Profitable Sunrise in other countries began to use their Charities in their business Marketing presentation as a way to support them and “make a difference”. Mrs. Frazer designed a training website and powerpoints, as requested by the participants of Profitable Sunrise she assisted and made the mistake of agreeing to allow herself to be put on the powerpoint.

In October 2012, a concern came into the Ohio Charitable Division that a Ministry was operating a company called Profitable Sunrise out of Ohio. It was actually the opposite. The State posted in their report that it was all times relevant to them that the Profitable Sunrise was a fraud, but no action was taken to inform or warn anyone. Thus From October 2012 through April 2013, nobody had a clue their was a problem including participants, FocusUp Ministries or their board.

The SEC had also been contacted back in December 2012 and no action was taken to warn the residents of Ohio. So for the next six months the participation grew but most were not connected to the FUMI Board in anyway. They were involved in other groups. Finally on February, 27th, 2013, the State of North Carolina filed a temporary Cease and Desist. The Frazer’s had just left home for Spring Break when the Board saw the devastating news. Immediately Mrs. Frazer emailed the Founder of Profitable Sunrise and asked him to shut down the entire group she was assisting and block them from allowing any new participation until this situation was resolved.

When Nancy returned home from Spring Break, the Founder of the Company called her on March 11th, and he assured her that he had everything taken care of and all would be fine with the State of North Carolina. What she did not know was that would be the last time she would heer from him again. He vanished and has never reappeared since to this day. The good news was that he left behind the funds that many supported him with in a bank in Hungary which according to recent reports, are still sitting there. But the State of Ohio was misinformed that those funds were somehow attached to the F.U.M.I. Ministry and that is why they pursued us to no avail as we had nothing to do with Profitable Sunrise other then participating just like other victims and as a volunteer.

With the disappearance of the Founder of Profitable Sunrise, suddenly Mrs. Frazer found herself being “used” by online individuals who were intrigued with the case. One Cyber Stalker in particular thought that it was the Ministry who owned Profitable Sunrise and that Mrs. Frazer was a co-founder and began broadcasting that on his radio show to attract listeners and “eyeballs” to his website. It turns out that this Cyber Stalker was actually charged with Securities fraud in the State of Illinois and Maine and was banned from doing business in those States. When Mrs. Frazer would not respond to his requests to be on his radio show, he took it to a whole new level and created a “mini series” TV News show and contacted a reporter at Toledo 11 News with his fabricated story. The State of Ohio had still not taken action again the Founder of Profitable Sunrise and therefore a very unsubstantiated broadcast was released by the News Station and its reporter who no longer works there.

The Board of FUMI had no idea what was happening to them suddenly a Founder of a Company who seemed very caring and a man of integrity was possible something very different. There was never any actual action taken against Profitable Sunrise as it vanished along with it’s Founder. But Mrs. Frazer says she is very grateful that now the facts are clear that they had no financial benefit any different than any other participant and at no time did the Board ever “knowingly” sell securities.

Our Board is very grateful that the State agreed to settle this misunderstanding. Alberts frozen funds are being returned to him and the remaining $400 left in the ministry will be donated to the State. We feel everyone at the State was just trying to do their job there and seemed just as confused as we were about this case at the time. Neither Albert nor Nancy has any desire to volunteer for any Board again as their good intention became a negative. They offered that as their settlement agreement for a designated time of which after that all will be released and dismissed.

The board is also disappointed and concerned however that a local television station, we all have always trusted, would accept false information from a unknown source who was banned for Securities fraud as their only source. Most of all that was in the show was cut and pasted out of context to create the story by that individual. The Frazer’s and the Board are so grateful for the warm support of our community and churches during this time. We have had calls pouring in from Companies and Ministries for the past 2 years asking for guidance on how to avoid making decisions that could become a challenge in the future. It is during the worst times of trials that people really show who they are and it is our hope that all who know us and those who don’t will see that we choose not to be bitter or angry at the situation but just grateful for what we have learned and for all the good things that have happened.

She also said she actually talked to Novak, but he didn't have time to answer questions because his girlfriend was in the hospital.

The next morning while waiting for her son to come out of surgery, she was informed that one of her Clients who founded a company called Profitable Sunrise had suddenly shut down his websites and disappeared off the online grid

And now Barnes has posted the same after news broke yesterday that Achieve was being investigated. shocking coincidences I say.

Nancy's ME-ah non-culpa still reading like she is the victim in all this. A suggested edit for the board...

Originally Posted by Nancy JoScam Frazier

The board is also disappointed and concerned however that Nancy Joann would accept false information from a unknown source and cost 70,000 people over $30,000,000.

Yeah right Nanci Jo, that's exactly what happened. I truly feel sorry for her as she is totally delusional as her article demonstrates. Still playing the martyr and victim. I loved her statement that she had been involved in 22 other direct marketing companies in the past.

The key document to all of this (the supplement to the settlement agreement) has yet to be produced publicly. Does anyone have this? The Bryan Times makes reference to Frazer making payments of more than $108,000 to the state under the agreement. The amount and details of theses payments do not appear in the other two documents I have seen. The Ohio AG's press office agreed to send this supplement to me. If I get it, I will post it here.

Frazer payment agreement for over $100,000 https://www.dropbox.com/s/4wdxg6cbsl...razer.pdf?dl=0

Thanks Jim for the link:

You should download as this is to my dropbox and I will only keep it in there for a few days

am I the only one not impressed with this penalty? What am I missing?

Keep in mind that this does not prevent any other state or the feds from separately coming after them. Admitting to these violations is a death penalty in terms of ever working in any fiduciary or licensed profession in the future. Also, if Frazer gets involved with any other MLM or shady deals, and later it is deemed a security, she is in default and is sunk. I have a feeling that another shoe may drop in this case... She is also not immune from any civil lawsuits, including from me, and I am seriously considering one after reading her lies about me again today. Here is the really big deal and will happen soon... Now that the case is closed, someone (like me) will make a public request for all of the documents from the investigation in Ohio. This will include the deposition(s) she gave. This will provide a lot more insight into what happened here, what she knew, and when. Much of this should be published as additional information to provide the public as a warning about her. Also, these kinds of settlements can not be discharged in bankruptcy. Lastly, I can not even imagine what the legal fees were...

Originally Posted by Whip

am I the only one not impressed with this penalty? What am I missing?

It's a civil case, not criminal and, as such, has a limited range of potential penalties attached to it.

Channel 11 News Toledo is unfairly reporting the truth about Nancy again

Settlement reached with northwest Ohio residents accused of usin - Toledo News Now, News, Weather, Sports, Toledo, OH

Now that the Ohio case against Nanci Jo/Nancy Jo/Nanci Joanne/Nancy Joanne (hard to keep up with which name she is using) is over, it is going to be interesting to see if the Feds take any action against her, David, Albert and F.U.M.

I am still waiting to see what the SEC is going to do with the people they brought before them to take their depositions in this case, especially two of my favorite Ponzi pimps Tony Infante and John Schepcoff. I am hoping that Florida goes after Tony for running an illegal charity and California goes after John for all his Ponzi pimping ways. It's not like they don't have the information to file a case. They may be waiting to see what the feds do first before taking any action, but in Tony's case Florida could nail him for a fake charity.

Originally Posted by Whip

am I the only one not impressed with this penalty? What am I missing?

Y'know ... in the grand scheme of things .... Nancy's husband losing the branch manager/ass't VP job he's worked for for over thirty years, them having to cough up over 100 grand, being liable for over 700 grand if they ever get so completely stupid again, being forever Google-attached to reckless, stupid (and in my opinion criminal) behavior thanks to sites like RealScam and James Paris's site ...

... I think we've all seen enough scammers (literally hundreds of thousands of them) get off so completely scott-free that this doesn't represent the worst-case scenario for the good guys for a change.

Next up? Faith Sloan. "God Bless" my taxpayer dollars when deployed in the delivery of justice.

SD

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As has often been said, the repercussions of these things extend far beyond people losing money:



Patrick Pretty.com