Faith Sloan “unable to support herself financially”?!
In an effort to strengthen the criminal case against TelexFree’s owners, the Department of Justice requested a stay on discovery in the SEC’s civil case.
The DOJ reasoned that
without a stay, Merrill and perhaps Wanzeler – charged in both actions – would use the civil discovery process in a manner that impairs proper administration of the criminal case.
At the time of publication, all parties involved in the SEC’s civil case (including the SEC themselves), have indicated they do not oppose the DOJ’s request.
Well, all except one: Faith Sloan.
In their original request dated early September, the DOJ claimed Sloan was waiting to see how her Motion to Dismiss played out before filing her reply.
With that a decision on that motion still pending (Santiago De La Rosa and Randy Crosby have requested their respective Motions to Dismiss be stayed until the conclusion of the criminal case), Sloan has filed a reply.
Sloan’s reason for opposing the DOJ’s request has nothing to do with the pending outcome of her Motion to Dismiss (which will likely be stayed if Crosby and De La Rosa’s are).
Instead, Sloan argues
that so long as she is a defendant in the above entitled action (the SEC civil case), she must pay and continue to pay her attorney for representing her at a time when she is unable to support herself financially.
Yo, this is the same Faith Sloan who’s been furiously spamming the pyramid scheme RE247365 these last few weeks? She’s claiming can’t financially support herself?
To illustrate the absurdity of Sloan’s claim, one need only look at her marketing efforts for RE247365 on her two marketing websites (faithsloan.com and bigshotmillionaires.com).
Sloan advertises RE247365 on BigShot Millionaires (styling herself as a “big shot millionaire” no less), as an opportunity where one has the ‘potential to get paid 24 hours a day, 7 days a week, 365 days a year!‘
It is really not difficult to achieve the bonuses that RE247365 has to offer!
I joined RE247365 and have hit the $2500 Bonus within days of joining.
How much Sloan has made since she joined RE247365 and made her first $2500 is unclear. You can bet it’s more than enough “to financially support hereself” though.
Just one component of the RE247365 compensation plan pays out $100,000 for the recruitment of 2000 affiliates into a downline. A matching bonus of 50% is also available, paying out on the aforementioned recruitment bonus.
And RE2475365 isn’t the only opportunity Sloan appears to be currently involved in. Recently Sloan flew out to Dubai to attend a “Dubli Event”:
On my way to Dubai and will be staying at the 5star hotel, Marriott Marquis.
Dubai is a city of awe-inspiring ambition and unsurpassed luxury.
How far Sloan’s tentacles extend into Dubli is unknown, but she certainly didn’t just fly out there for the weather.
Affiliate membership to Dubli costs up to $12,000.
5star luxury hotels, flights half-way across the world, recruiting downlines that pay out thousands of dollars in commissions… no sweat.
Asked to defend her participation in a billion dollar Ponzi scheme though and all of a sudden Sloan is “unable to support herself financially”.
Regulators with the SEC or DOJ looking into where Sloan might be stashing funds from her Dubli and RE247365 commissions, would be encouraged to investigate her Bitcoin activity (including possible laundering of funds to and from offshore accounts).
Sloan recently advertised the company “CoinBase” on her Facebook page, complete with an affiliate referral.
On their website, CoinBase identify themselves as
a Delaware Corporation with a principal office address of 548 Market Street, #23008, San Francisco, CA 94104, USA.
CoinBase market themselves as “the world’s most popular bitcoin wallet.” How much money Sloan has in her bitcoin account(s) shouldn’t be too difficult to ascertain in a challenge to her DOJ objection, or by possibly compelling her to provide details through the preliminary injunction currently imposed on her.
In May, a preliminary injunction was granted against Sloan. Among other things, the injunction ordered her to ‘cease conducting and further fraud involving securities or otherwise‘.
I haven’t yet looked at Dubli, but even the most cursory of regulatory glances at RE247365 should identify the recruitment commissions as blatantly resembling a pyramid scheme.
Go get ’em boys.
I hate to say this but she must seriously be a real dumbass!
$loan’s career as a ponzie pimpress is about to hit the fan! She probably thinks she is the sharpest tool in the shed.
oportunitty to loose all your savings!!!
As part of research for this article I did try to grab a copy of Dubli’s compensation plan to glance over it (review is coming up in any event).
Ugh. Their website is the usual smoke and mirrors and from what I saw there’s no concrete information about their comp plan on the website (of which there appears to be a few).
All I was readily able to ascertain was the extravagant cost of affiliate membership.
Plenty of recent YouTube videos from affiliates though. They all start off with them standing infront of a clean whiteboard, which fifteen to twenty minutes later is full of spaghetti squiggles going off in all sorts of directions.
Looks like when I do get around to reviewing Dubli I’m going to have to make sure I have a box of aspirin ready :(.
Good job, as usual.
I was amazed to see her Facebook page where she boasts about her 5 star hotel stay in Dubai, while telling authorities in her home country she is insolvent.
i wonder if stephen Darr’s e-mail is public, like Tim Cooks, so we can send a few tip offs >:)
She needs to be in prison! She has been getting away with her scamming, pimping ways for far too long!
That other guy is Glenn Smith “California’s Biggest Ponzi” Pimp…Ex “whitevanprojector scam” WCM777, Juding, Better Living, Bitcoins Lucrazon…you name it.
GlennFullThrottle247, EliteMillionairesLLC out of Newport California
I just took a look over at Faith Sloan’s facebook page. All I can say is WOW!
She really hates you Oz & accuses you of some pretty nasty stuff.
I was going to post a copy of the text here but I thought it was too nasty to post.
However I would recommend anybody to take a look just you get an idea of her sick & twisted mindset.
Yeah she seems to be a bit upset.
I’m not taking the bait, she can explain herself to the regulators. That hasn’t worked out so well in the past for her.
My interest in Sloan doesn’t extend beyond the TelexFree proceedings. What you have on her Facebook page is just the usual ad hominem attack riddled response.
You’ve got to keep in mind she can’t rage against US regulators now can she. So project some of your frustration on someone continuously calling you out on your Ponzi lies.
The DOJ and SEC are breathing down your neck, you’re joining as many shady deals as you can to recoup your losses and a court just ruled the house you bought your mum with stolen Ponzi funds is effectively frozen as an asset (and likely to be sold to cover clawback obligations at some point in future).
Something’s gotta give… and continuously lying to US regulators?
This isn’t going to end well. I’m just cataloging it.
Great article Oz. I think you are just pointing out what Faith Sloan herself is bragging about on her Facebook which is obviously contradicting what she is telling the regulators about her being near broke.
In general, FS has been promoting “online business opportunities” for many years now, many of them which have been shut down and some which have been actually indicted for fraud.
Her take is “I’m just an innocent promoter that is trying to make a buck. It’s not my fault that these companies I’m promoting are getting shut down”.
But any reasonable person can see that she is just another serial fraudster that is using MLM as her preferred method of scamming others. Many of the people that follow her and listen to her know this, but they themselves are trying to make a buck without respect for the legal and ethical implications for what they are doing.
I hope the days of her scamming others and saying f u to the world will soon come to an end. I wonder if they allow you to post to your Facebook from jail 🙂 If they do, I hope she will send us all the pics she can similar to what you did in Dubai.
On another note, it seem that FS is paying a bit more attention to her appearance. Her afro is not out of control and she doesn’t look homeless anymore 🙂
She can’t support herself because all her income went to lawyers and more of these schemes. She needs “scams anonymous” membership ASAP.
Maybe she’s lying on Facebook. 🙂
Aren’t public defenders available to the income-challenged in the U.S.?
Link says it all.
Hi Everyone!!! This is my first hack result. And I dedicate all this to our Ponzy Pimp Faith Sloan!!!!!
So, is she winning money in RE247365? Why not see how is she doing it? With a brutal force attack and a lot of luck, I really found the password from this site.
Now, you will see all screen from the site, I even left a gift to the Pimp Sloan. I really think we will see her behind the bars!
Soo, all the photos are here: hxxp://postimg.org/gallery/tlpnwxqi/
But, the most important is: hxxp://postimg.org/image/7iez94otl/
Or all the bonus: hxxp://postimg.org/image/vby8e2so9/
And a last gift I give for her: hxxp://postimg.org/image/c0conhfhl/
The Ponzi Hacking!!
This lame spam filter… This sux..
For criminal cases yes. Civil cases no,
Faith Sloan simply brings upon more crap published about her the more anything craps out of her biblical mouth.
She is a true example of what a person of god should not be.
Well that’s interesting, Sloan has made $7500 in commissions off of recruitment, and appears to have multiple positions in the company under family member’s names.
And of course Zeek Ponzi pimp Michael Van Leeuwen is the affiliate who recruited her.
Wow! Brilliant! And the gift you left for her was absolutely hillarious 🙂
I wonder if the address listed is where she lives or just an address provided for her business with this particular MLM. It seems like a pretty modest address for a Ponzi queen. Perhaps she has had to downsize with the authorities clamping down on her.
She lives with her mother. Remember she was flapping her mouth about how the SEC lawsuit was served on her mother’s house and therefore doesn’t count? 😛
Ponzi Hacking, very good work. also very surprising that they didn’t encrypt the password.
the credit card hash also looks weak. I hope you left in a nice back door.
Sure hope, Oz, you can do an article on Dubli soon!
I have been ‘hit up’ numerous times and the whole thing smells BAD to me.
Would love to hear what your research pulls up! 🙂
Ponzihack, I know you dropped a second info dump on us scambusters. I haven’t had a chance to read it as I’m very busy on my day job.
Sounds interesting though, more Faith revelations using alternate user names.
Wow can’t wait to read the scoop 🙂 as well as the outcome of yesterdays court hearing in MA regarding attorney client privelage
Please someone investigate this horrible “woman” she is everything a “woman of God” should not be for sure.
She scams people with promises and takes people’s money with zero respect to them or her soul. She’s a pathetic excuse for this business and she has some things coming her way legally that is a promise.
She flaps those big lips and gums like she’s smart when she is the dumbest criminal I have ever sen. She will be caught out there , bet and I will be the first one visiting her spitting in that ugly face and cotton candy red clown hair.