[ I have written a series of posts about the "pay the storm" bugaboos. I call it "The Stormpuke--Stormpay Story: Getting to the Heart of the Matter in Posts" . You can get it here. This nightmare is ongoing with no end in site. ]
One amusing rumor that has been about is that stormpuke was started by a 16 year old. I can tell you right now that it's false. Teens don't know a thing about running a successful business, much less a money exchange one. Another rumor that has been going around is that the "former" owner of the 12daily pro site is sitting in jail in Utah. If that is the case, then who the heck really posted the following at the newsclick blog, urging everyone to follow the government's "orders":
source: http://newclicksinfo.blogspot.com/
Thursday, March 02, 2006
We have learned that the 12dp site, currently under SEC control, is currently unavailable. From what we understand this is a temporary situation that I sincerely hope and believe they will correct within the next day or so. We have made sure they understand how vital we believe it is for you to have continued access to your accounts. Rest assured your account information is safe in their hands and it will remain in tact for your continued reference. Please be patient during this time and allow them to do their jobs. They will communicate with you soon. Please share this information with other members that you know.
Still here and still caring about all of you, despite restrictions. Charis.
end of source: http://newclicksinfo.blogspot.com/
The site has been unavailable for almost a week now, leaving people resorting to use search engines, finding their way here on my blogger to find out what is going on. What the media doesn't bother to tell the public is, that they have been calling DHS [department of homeland security] to arrest anyone who even so much as calls them about stormpay. I have heard from those who have had their friends, family members or business partners thrown in jail because of this and because of the new order stormpuke managed to get from the government. I will talk about their order in the next posting, as it's another whole nightmare manifested in itself.
Another rumor that has been going around is that those who have been affected by stormpay are only the ones who participated in 12 daily pro. That is simply not true. Stormpay has been causing shit storms since the beginning of their pathetic existence. You need to go to the paypalsucks.com forum to see the dates of the postings about stormpay.
I hear that stormpukes favorite media troll, Brent Hunsaker is at it again with his lies, games and garbage he's putting on the public. The latest news he reported not only grossly underestimates the money stormpay stolen, but also who is controlling it now:
source: abc 4 news
12 Daily Pro Now Under Federal Control
LAST UPDATE: 3/2/2006 1:56:51 PM
12 Daily Pro investors may eventually get some of their money back, but it is going to take a while.
For the first time, Charis Johnson is talking to the media. She tells the Charlotte Observer that everything was legal as far as she knew, and she says she's now working with the government to "fix this."
But a judge in Los Angeles effectively took Johnson out of the business picture. Federal District Court Judge Nora Manella assigned Tom Lennon as receiver over 12 Daily Pro. Lennon, who's business is based in Southern California, is already in Charlotte, North Carolina.
With the judges order now in hand, he can take control of all aspects of the internet venture and start tracking down the money. At this point, the largest chunk of investors money appears to be held by Storm Pay.
Storm Pay is the internet payment processor that froze the 12 Daily Pro account a month ago. Storm Pay has been vilified by many 12 Daily Pro faithful for stopping what they say had been a company that always paid its members on time.
Ironically, it now appears the money Storm Pay froze estimated now at just under 50-million dollars -- may represent the best hope for those who have lost money.
Randall Lee, Regional Director for the Securities and Exchange Commission in Los Angeles is just grateful that there is any money. "The sad truth is, in most cases by the time we shut it down, most of the money if not all of the money is already gone," said Lee.
Lee also thinks quick action in this case has led to a good result.
"It was almost a pure Ponzi," says Lee, who oversees the investigators who filed the original complaint with Judge Manella and negotiated the stipulated order that led to the appointment of a receiver.
Lee said, "The only real source of income was from new investors. Our investigation found that 95% of the funds were simply moved from one investor to another."
Lee says there isn't much that investors can do but wait. "The receiver will be taking overlooking at the full scope of the operations including anybody that lost money in this scheme. The receiver at the same time will be making an effort to reach out and contact all investors. There is nothing immediate that anyone can do. It will take some time. We are firmly committed to the protection of investors."
And yet Lee admits, "We can't be on every street corner. We cant know what's going on in every corner of the internet."
Lee says investors have to take some measure of responsibility for where they put their money, and he says a 12% daily return as promised by 12 Daily Pro is unreasonable.
Still, Lee is reluctant to place blame for any Ponzi scheme's collapse on investors, adding, "Nobody deserves to be cheated. Nobody deserves to be lied to. Everybody is entitled to the protection of federal securities laws. And so we are here to protect investors even if they make decisions that they might later regret."
Lee advises investors to watch for updates on the www.sec.gov web site.
He also says the receiver will probably eventually start posting updates on the 12 Daily Pro web site -- which is now under his control as well.
Story by: Brent Hunsaker
brent @abc4.tv
end of source: abc 4 news
What sappy hunsaker purposely left out is that this Tom Lennon dude doesn't run a business. He's a judge, lawyer and part of the DHS team. Nice. One creep after another. And they say that "We can't be on every street corner. We cant know what's going on in every corner of the internet."
REALLY? Then why does the government have a special team, policing the internet 24-7? No china isn't the sole country doing that to their citizens. The American government is doing that as well, but they don't tell the public that, because if they did, they would all be lynched in the street.
There will be more lynchings in the media as time goes on. For those that can't understand why the media isn't doing their job, you can read "Reading Behind The Headlines" to understand why.
Checkout scamfund.com, our best chance of recuperating at least some of the money lost.
Peace
masive
Posted by: masive | Tuesday, March 07, 2006 at 01:09 AM