Thread: Funkyshark. Ken Russo and Paula Fry of Scamlandpro. Top Pick

Originally Posted by path2prosperity

Ken Russo has removed it from his signature files but Paula Frye has not got the message. See pevious post and nothing has changed. Funkyshark is still in her list of "moneymakers that work."

You know how it is over in scammers land, they are just too busy trying to scam folks out of their money to notice one of the programs they are promoting just went belly up!!

Originally Posted by scratchycat

You know how it is over in scammers land, they are just too busy trying to scam folks out of their money to notice one of the programs they are promoting just went belly up!!

She already has another money making opportunity

*** JUST NOW OPENED -- Powerline Biz Paying 50% (monthly) Commissions ... PLUS F By Paula Frye. 10/30/2012 8:23:01 PM By Paula Frye.

Typee http:// then community.adlandpro.com/forums/post/2576508/JUST-NOW-OPENED-Powerline-Biz-Paying-50-monthly-Commissions-PLUS-F.aspx?flag=1

and her own biz-opps forum

Type http:// then community.adlandpro.com/forums/forum/27709/Ads-Advertise-Everything-Here.aspx

Bozeman man fined $40K for pyramid scheme

Posted: Dec 20, 2012 9:11 AM by KBZK Media Center


HELENA - A Bozeman man has been fined $40,000 for illegally selling investment opportunities.

Scott Wacker, owner of the penny-auction website FunkyShark.com, was issued the fine by Commissioner of Securities and Insurance Monica J. Lindeen, according to a news release. He also agreed to pay back more than $834,000 to investors to resolve a restraining order Lindeen's office filed against him, stopping him from soliciting new investors or spending any of the investment money he had already raised.

Last September, Wacker began recruiting investors and by the end of October, he had raised over $1 million from investors across the world, according to the release.

Investigators determined that Funky Shark was a pyramid scheme.

In the two months it operated, Funky Shark paid nearly $378,000 in commissions to participants who recruited new members. Those commission payments left Funky Shark unable to repay all of its participants in full, so Wacker agreed to pay $270,000 out-of-pocket to make investors whole.

"Mr. Wacker stepped up to the plate and repaid his investors," said Lindeen. "Often when we handle these types of cases, there's simply no money left to repay participants. But for a number of reasons, this case is unique. Mr. Wacker didn't understand what he was getting into, and he has expressed his commitment to setting things right."

Previously, a TRO and Order to Show Cause was issued on October 31st. You can find a copy of the here. This cannot be good news to those who are steadily promoting penny auctions, and can also spell problems for those believing in a restart of Zeek Rewards.
Bozeman man fined $40K for pyramid scheme | KXLF.com | Butte, Montana

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Like me, I would bet that you have "seen it all" in terms of online businesses. The chain letters, which ARE illegal, no matter what postal regulations are quoted. (Look it up yourself!) The matrixes and "straight line downlines" which are MATHEMATICALLY IMPOSSIBLE if you'll take the time to look at it on paper. And the MLM's, which are usually sitting ducks for regulatory interference. Plus, why spend hours and hours building something when everyone "eventually" drops out anyway or the so-called "trusted" company just closes down on you? It's nothing but frustration, and it's not worth it.

Many of us have tried them all, even when we had a "gut feeling" that it might not be "right" - because we wanted them to succeed so badly! Most online marketers (or marketing hopefuls) I know are part time, normal, hardworking people willing to follow directions and do what it takes to make a living wage - if they could only find the right directions!

SUMMARY: Ken Russo / DRdave had lead his followers astray again.



You can download a full copy of the consent order in .PDF format HERE

Anyone who thinks we here at REALSCAM.com have been been whistling Dixie about banks being required to file Suspicious Activity Reports with the Financial Crimes Enforcement Network would be well advised to read the Montana Commissioner of Securities and Insurance Press Release regarding the fine and subsequent closure of the FunkyShark HYIP ponzi fraud