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12 Daily Pro Members Now Allowed to Chargeback “Investments”

Posted on 04. Apr, 2006 by .

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Two weeks ago CPA Thomas Lennon, the court-appointed receiver, was warning all investors to cut out the charge backs. In his first communication since taking over, Lennon wrote, “The Permanent Injunction has the effect of freezing those assets and prohibiting anyone, including investors, from attempting to obtain those assets.” Lennon contended the court order is […]

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12 Daily Pro Update: Charis Johnson Speaks from the Dead

Posted on 10. Mar, 2006 by .

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Although 12 Daily Pro is dead and is in the process of being buried by a court-appointed receiver, Charis Johnson continues to speak from the grave. On her new blog which was created to keep her followers informed of new scams programs to make illegal free money, she annouced that; While many sites are busy […]

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The 12 Daily Pro Beast is Dead!

Posted on 28. Feb, 2006 by .

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ABC 4 in Salt Lake City reported yesterday that 12 Daily Pro – the now infamous Ponzi scheme – is finally closing its doors – for good. Ever since their payment system – StormPay – froze roughly $50 million in payments Charis Johnson has been defending the site’s legitimacy. The illegal Ponzi scheme has been […]

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12 Daily Pro Scandel Continues

Posted on 18. Feb, 2006 by .

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For those who may have missed it, 12 Daily Pro is a textbook example of a Ponzi scheme. The site is one of many that have surfaced over the years alleging that by spending 5 minutes a day surfing the internet, you can make a %12 daily return on your investment. The program works – […]

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Payday Loans and Financial Prostitution

Posted on 07. Dec, 2005 by .

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When Melissa Hampton needed an advance on her weekly paycheck she borrowed $150 from a local loan store in Prestonburg, Ky., and promised to pay it back plus a fee. Six months later, Hampton was still low on cash, but now owed more than $1,000 in fees to the loan store, which threatened to throw […]

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