On July 21st Daniel Filho was arrested by the DOJ in relation to his running the DFRF Enterprises Ponzi scheme.

A bail hearing was scheduled for July 24th but, while the hearing took place, there seems to have been a curious issue with Filho’s representation.

Unfortunately I don’t have much to go on at the moment, save for a docket minute-entry. [Continue reading…]

Sanderley Rodrigues de Vasconcelos is not having a good year.

Rodrigues (who goes by “Sann”), the top net-winner in the TelexFree Ponzi scheme, was arrested back in May on visa fraud charges. He a defendant in the subject of an SEC civil lawsuit against Telexfree, purported to have defrauded investors of $1.8 billion.

In Brazil Rodrigues is wanted by authorities for suspected pyramid scheme scamming through iFreeX.

Rodrigues is also the subject of two existing SEC initiated injunctions (separately granted in 2007 and 2014), barring him from engaging in fraud of any kind.

Now it is revealed Rodrigues was promoting DFRF Enterprises, a recently busted $22.8 million dollar Ponzi scheme. [Continue reading…]

Following the arrest of Daniel Filho earlier this week, the latest from the SEC pegs the DFRF Enterprises Ponzi fraud at $22.8 million dollars.

Prior to this new information, the SEC’s investigation had only uncovered around $15 million in fraud.

Now, as banks around the world slowly co-operate with US authorities and provide requested records, the $22.8 million figure is set to climb as the full extent of the DFRF Enterprises Ponzi scheme revealed. [Continue reading…]

Less than twenty-four hours after appearing live on radio in Massachusetts, Daniel Fernandes Rojo Filho has been arrested in Florida by the Department of Justice.

Filho had been on the run from authorities for almost a month, after the FBI issued a warrant for his arrest on June 25th. [Continue reading…]

July 21st saw another Arcadia City Council meeting take place and with it, another barrage of criticism relating to the city’s real-estate issues.

Added to the mix was an update on the John Wuo USFIA situation, with comments from residents and finally response from Wuo himself. [Continue reading…]

Simon Stepsys, who titles himself “the internet millionaire”, is one of the more prolific promoters of MyAdvertisingPays.

For those unfamiliar with the scheme, MyAdvertisingPays is your typical ad-credits based Ponzi scheme.

Affiliates buy in for $49.99 a pop, with ROIs paid out of subsequently invested funds.

Stepsys’ personal website contains articles such as “The Importance of maintaining your 1200 Credit Packs”, advising prospective MyAdvertisingPays investors to ‘get to 1200 Credit Packs ASAP!‘ ($59,988).

Stepsys’ social media profiles are also abundant with promotion, featuring MyAdertisingPays promotional material prolifically churned out daily.

Yet when a major UK publication recently sought comment from Stepsys regarding MyAdvertisingPays, he was suspiciously unresponsive. [Continue reading…]

Daniel Fernandes Rojo Filho is currently on the run from the FBI. After conducting an investigation into Filho’s DFRF Enterprises, the agency booked Filho on one count of wire fraud and sought his arrest.

Rather than defend himself and prove DFRF isn’t just a $15 million dollar Ponzi scheme however, Filho instead fled.

The latest in the developing saga has seen Filho interviewed by radio host Beto Moraes, in which Filho professes both the SEC and FBI investigation into DFRF are based on a “lack of information”. [Continue reading…]

Last month saw Robert Craddock plead guilty to two counts of wire fraud.

And now the Department of Justice is looking to collect… [Continue reading…]

One of the first things serial Ponzi scammers do when one of their schemes goes bust is file disputes with banks, payment processors and credit card providers.

The idea is that, even with an SEC injunction in place, financial institutions will cover their client’s losses while they investigate.

How effective this is I can’t say, but according to one Achieve Community investor the practice was widespread and has left her at a severe disadvantage. [Continue reading…]

The manhunt for Daniel Fernandes Rojo Filho continues, with new information increasingly pointing to Filho having fled the US.

Using stolen DFRF Enterprises investor funds, Filho amassed a sizeable collection of exotic cars.

One of them, a Rolls Royce Filho was frequently seen driving around, was ‘found abandoned in Miami the first week of July‘.

Filho also stiffed a luxury hotel in Miami out of $70,000: [Continue reading…]