Frank Calabro Jr. serial scammer cease & desist issued in Nth Carolina
Frank Edward Calabro Jr. has a history of scamming people dating back to Zeek Rewards and beyond.
Since Zeek Rewards was shut down by the SEC in 2012, Calabro Jr. has promoted train wreck after train wreck of collapsed scams – profiting handsomely along the way.
It seems the law has finally caught up with Calabro Jr., following a securities fraud cease and desist issued by North Carolina.
The North Carolina Securities Division identifies Calabro Jr. as ‘an adult individual residing in Guilford County, North Carolina.‘
Calabro has been in the business of affiliate marketing for at least the last five years.
Over the past five years, Calabro has promoted and sold various investment products, including products on behalf of Zeek Rewards and Traffic Monsoon.
Following an internal investigation, the North Carolina Securities Division found Calabro Jr. has been promoting scams through “Planet Millionaire”.
Calabro promotes Planet Millionaire on YouTube and other social media channels that he maintains by explaining how he went from “rags to riches,” and offering to teach others how to “escape to the total freedom lifestyle.”
Scams Calabro Jr. is currently promoting on Planet Millionaire include Power Lead System, Crypto World Evolution and Global MoneyLine.
The Securities Division adds USI-Tech and their BTC Package Ponzi scheme to the list, citing a cease and desist issued by Texas in December, 2017.
Based on Calabro’s representations of the BTC Packages, investors have purchased the packages because they were given the impression that they could profit from the guaranteed returns provided by USI-Tech’s efforts in the areas of automated trading and cryptocurrency mining.
The BTC Packages have all the hallmarks of a security, are not registered as securities in North Carolina, and are not exempt from registration.
The Securities Division goes on to state Calabro Jr.’s
solicitation of the investing public poses an immediate and significant threat of irreparable harm to the public welfare.
In an order dated March March 8th, the North Carolina Securities Division requires Calabro Jr. to immediately cease and desist
- offering unregistered securities
- acting as a securities dealer or salesman
- making material misstatements of fact in connection with the offer and/or sale of securities and
- continuing to violate the Securities Act
Calabro Jr. has twenty days to request a hearing to defend himself.
If the North Carolina Securities Division receives no response within thirty days, Calabro Jr’s cease and desist will be made permanent.
Easily overlooked:
“It is therefore ORDERED that Calabro and any person, employee, officer, director, entity, or independent contractor under Calabro’s direction or control immediately CEASE AND DESIST from:”
Reporting Calabro Jr to the North Carolina Securities Division weekly finally paid off.
OMG, this is absolutely great news! This scumbag is finally getting the attention he deserves!
*slow clap* wheres your “love my haters” post now Calabro Jr.
Why do people still listen to this loser?
More importantly “which” people and how many of them are there in reality ?
Serial ponzi players, maybe, but the man/woman in the street – yeah, nah
That’s great news! Let’s hope that vile J.Ryan Conley is next on the list!
He was a big promoter in USI-TECH.
He’s a Crypto World Evolution top promoter now. Hopefully the Cease and Desist slows his scamming of people in other similar schemes for a few days at least.
Hopefully it will be Septic Simon next!
I can think of at least 50 I would love to see them go after on the National level, but also would love for the states to do the same thing as North Carolina.
Good to see some action, but this type of warning didn’t really stop Faith Sloan, so we’ll see what type of effect it actually has.
Authorities need to step up their game with these guys to make at least a little dent.
The Ponzi Midget FINALLY gets the attention he deserves.
Frank Calabro Jr. was making claims of being a “24/7 killer” on facebook back when he was in the Marines.
Turned out he worked in the motor pool & changed oil & tires.
I noticed that above statement is gone from his FB page. REAL Combat Marines must have cracked his dwarf behind.
I have a feeling the ponzi midget will find a way to circumvent the law and continue on with his scamming ways!
It is such a relief to have a second state comprehend that while it is easy for a criminal to throw up a website and make outrageous claims of impossible returns, none of these SCAMS would grow beyond the “nickel-n-dime” garden-variety fraud without frenzied promotion by these Ponzi pimps.
SD
Great news Lee Oakley next in the States and hopefully the vile Sharon James and evasive John Smith next here in the UK ! Also what about that strange OJ Jordan?!
Well, Faith is in deep doo-doo with her role in Telex-Free, that is once it gets to court.
I am shocked that the Feds didn’t revoke her freedom by her violating the terms of her indictment with the other Ponzi’s she started promoting when told not too. It’s not like they didn’t know about them because they did.
Of course Faith keeps moving around so it might be hard for them to find and arrest her.
Who knows, maybe they are just adding them to the list of charges she will face when her trial starts. One can hope.
You have to understand that Faith, and all the other Ponzi pimps, never believe they have done anything wrong. They all use the “I didn’t know” excuse.
One would think that with Faith, and now Frank, it might make others stop and think it just might happen to them too.
Nah, they are too narcissistic and sociopath to stop.
Like to see Brenda Isern get one too! She has a huge team and is still encouraging people to buy. She’s in the USA
o well, frank colabro is pretending to brazen it out, posting on FB 10 hours gao:
but i don’t think things will ever be the same again in colabro’s scam sunshine world. looking back over your shoulder constantly is a speed impediment after all.
What type of people follow this “promoter”?
Ouch… search warrant executed in North Carolina:
facebook.com/permalink.php?story_fbid=1005252326296161&id=198399986981403
Wittle Fwankie C-The worlds most dwarfish Ponzi pimp got everything electronic, get away $, etc seized according to this warrant.
facebook.com/permalink.php?story_fbid=1005252326296161&id=198399986981403
I especially loved them finding $50K in the glove box of his truck. Gotta have that cash handy in case you want to do a quick video and need the cash as prop.
Sadly this guy has more money than brains, but now the money is gone, as least what was found in the search warrant.
The people who follow him are gullible, they see the cash he flashes, the checks, his computer screen of his “earnings” and they believe it is all real and from a legitimate business. They don’t do any due diligence.
Wonder what his “Rock Stars” think of him now?
Him and his rock stars don’t read negativity and are prob unaware of it all
lol. Planet Failure finally bites the originator.
you know IAmUnemployed is looking over his shoulder.
This is incredible news! Now go after all the other major pimps!
Get Em Ponzi Slayers! Wonder if Oklahoma Securities will follow suit going after Short Stack’s right hand Ponzi Partner?
Clay Montgomery founder of Speedfeeder Matrix FLOP, creates scams, takes in bucks and closes shop, moving onto his next scam, DFY solos and major pimping Ponzi player.
Someone should look into Aron Parker too. He was big into powermining pool and is now promoting a new scam called digital tycoons.
This guy is a real A-Hole! I’m glad they finally caught up with him. I had 1 dealing with this dude during the beginning Traffic Monsoon days and I never wanted anything to do with him ever again! People really do sow their own karma.
This isn’t accurate information at all. I live near this man and 99% of this write up is false BUT, believe everything you see/read …take responsibility for yourselves and the risks you chose to take.
Funny how this never applies to scammers, only their victims.
I think you’ll find authorities are precisely holding Frank Calabro responsible for the risks he’s taken promoting various scams over the years.
Whether you live near scammers is neither here nor there.
Good luck living in a world where deliberate fraud is permissible and victims are to blame, Regina.
HINT: Don’t ever go out at night, don’t drive on the freeway at peak hour and never wear something that could be considered provocative.
You know the risks, so, there’s no excuse should something untoward happen
Ok, that’s why he’s a free man right now… because he did nothing wrong. They took items for investigation. He’s not charged or even being held.
Y’all just angry because you took a risk and lost. Now, you’re making stuff up to anger other people and place blame elsewhere.
Everyday involves risk. If this is what y’all are saying is truth, then why isn’t it on the news or any other relevant website?
It’s people spreading misinformation on social media. Grow up and accept responsibility for yourself.
Are you delusional?
Calabro’s scamming has been publicly documented on the North Carolina Securities Division website.
Frank Calabro is a serial scammer. Get over it princess and stop making excuses for human excrement.
Well, I saw him and his family 2 days ago with my own eyes…so…keep lyin
You seem to be borderline illiterate. Calabro was hit with a securities fraud cease and desist, which has nothing to do with his family.
The felony charges are still playing out AFAIK.
I’m sure Calabro down played his indictment over the Easter holidays but it is what it is. Scammers rarely have the backbone to y’know, take responsibility for their actions.
You’re absolutely right Regina.
Frank definitely needs to take responsibility for repeatedly promoting scams. After pimping “opportunities” run by guys like Paul Burks, Charles Scoville, and others, he knew the risks involved.
Please let us know when that happens.
April Fools! Right Regina?? You really got Oz with that one! LOL!
Nope, wrong again.
Ah, that’s the thing, it is.
Check out the North Carolina Secretary of State page for a copy of the Cease and Desist notice here:sosnc.gov/vs2010/Soskb.Web.Content/media/1602/2018-03-08-temp-cd-frank-edward-calabro_redacted.pdf
and a copy of the Search Warrant and list of property to be seized can be viewed here facebook.com/permalink.php?story_fbid=1005252326296161&id=198399986981403
or, if you don’t want to believe the copies are legitimate, you can request your own copies from the NC court here: nccourts.org/County/Wake/Staff/Clerk.asp
I take it that Regina gets her ideas of how the law works from television, rather than from library research, personal experience, or having a police officer in her family.
@ Regina, which of the 1% you state in #30 is accurate information?
Seizures and charges just starts the clock ticking on Franks incarceration.
It will take a few years before he goes to jail.
Reading the charges & comparing similar cases he will get a decent stretch in the big house.
Ponzi Midget Frank gets a nice showcase of his “talents” at the end.
youtu.be/833q29R4qng
Kudos to the Ponzi show for this bit on “Frankie” —
youtu.be/833q29R4qng?t=10m18s
Frankie’s back in the saddle again:
C&D be dammed, there be scamming to be done.
I just realized who this guy is. Zeek rewards had me wires $1600 of my tax return. I had already invested some money and it seemed like the real deal.
I almost just got taken by him again. If this is what he’s doing I hope he does he do jail time as my family could he use that $1,600. I shut down two days after I sent it.