Day: April 23, 2013

Ponzi Scheme Known as Profitable Sunrise

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North Carolina

Department of Secretary of State

Hon. Elaine F. Marshall, Secretary
Securities Division

PO Box 29622|Raleigh, NC 27626-0622|(919) 733-3924|(800) 688-4507
http://www.sosnc.com orwww.sos.nc.gov

____________________________

INVESTOR ALERT

Investors in Profitable Sunrise are Targets Again

It has come to the attention of the NC Department of the Secretary of State Securities Division that investors in the alleged Ponzi scheme known as Profitable Sunrise may be targets for fraud again in what is known as a “reload scam”.

On February 27, 2013, the NC Department of the Secretary of State Securities Division issued a Temporary Order to Cease and Desist to Roman Novak, Radoslav Novak, and Inter Reef LTD d/b/a Profitable Sunrise

Respondents were ordered to cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities unless and until such securities have been registered and Roman Novak, Radoslav Novak,and Inter Reef LTD d/b/a Profitable Sunrise become registered as dealers or salesmen of securities.

On April 4, 2013, the U.S. Securities and Exchange Commission filed an enforcement action against Inter Reef Ltd., doing business as Profitable Sunrise, as a defendant and Melland Company S.R.O., Color Shock S.R.O., Solutions Company S.R.O. and Fortuna-K S.R.O. as relief defendants.

profitable sunrise

The Commission’s complaint was filed in the United States District Court for the Northern District of Georgia. (To read the press release, go to: http://www.sec.gov/litigation/litreleases/2013/lr22666.htm).

The NC Securities Division has learned that Profitable Sunrise investors are being contacted with promises of help in getting their money back for them.

The Securities Division is issuing this alert to warn investors that such promises may be yet another attempt to scam them again through a “reload scam”.

Reload scams hit consumers when they’re down, offering to help them make back money they lost to a previous scam or bad business decision.

These scams have been popular for years with telemarketing fraud rings but can also follow other types of fraud, including investment fraud.

Such reload scams were aimed at victims of the Zeek Rewards Ponzi scheme last year. Reload scammers used social media sites and online news releases to tout opportunities to help investors replace the income they were receiving from Zeek Rewards. Similar opportunities are being touted in the case involving Profitable Sunrise.
Investors are warned to stay away from such “opportunities”. Remember, in most instances, anyone offering to buy, sell or purchase an investment opportunity in North Carolina must be registered to do so with the NC Securities Division.

Furthermore, in most instances, the investment opportunity itself must be registered with the Department. Call the Securities Division at (919)733-3924, or toll free at (800) 688-4507, to determine if the person and investment are properly registered before you give anyone your hard -earned money.

One five-minute telephone call to the NC Securities Division could protect your entire life’s savings from being stolen from you.

Click to access ProfitableSunriseInvestorAlert04112013.pdf

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Inter Reef, Ltd. dba Profitable Sunrise, Melland Company S.R.O., Color Shock S.R.O.

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U.S. SECURITIES AND EXCHANGE COMMISSION5
Litigation Release No. 22666 / April 5, 20135
5Securities and Exchange Commission v. Inter Reef, Ltd. dba
Profitable Sunrise, Melland Company S.R.O., Color Shock S.R.O.,
Solutions Company S.R.O. and Fortuna-K S.R.O., Civil Action No. 1:13-CV-1104 (U.S. District Court for the Northern District of Georgia)

SEC Obtains Temporary Restraining Order Against Uk Company
Operating Fraudulent Profitable Sunrise Internet Scheme and Names Czech Companies as Relief Defendants
On April 4, 2013, the U.S. Securities and Exchange Commission filed an enforcement action against Inter Reef Ltd., doing business as Profitable Sunrise, as a defendant

Seal of the U.S. Securities and Exchange Commi...

Seal of the U.S. Securities and Exchange Commission. (Photo credit: Wikipedia)

and Melland Company S.R.O., Color Shock S.R.O., Solutions Company S.R.O. and Fortuna-K S.R.O. as relief defendants.  The Commission’s complaint was filed in the United States District Court for the Northern District of Georgia.

The Commission’s complaint alleges that Inter Reef, located in the
United Kingdom, has operated a fraudulent securities offering over the internet under the name of “Profitable Sunrise” that has been targeted towards investors in the United States.  Through its website, promoters and social media, Profitable Sunrise promised investors returns of between 1.6% and 2.7% per business day, compounded daily, on funds invested in various programs that were purportedly to be used to provide loans to businesses at even higher rates.  Investors have been encouraged to recruit others for the scheme with promises of percentages of the amounts put in by the new investors.

Among other things, the Commission’s complaint alleges that the Profitable Sunrise has promised impossibly high rates of return and misrepresented that investments in the program were insured by a leading investment bank.

The fraud appears to have been targeted at religious investors, as Profitable Sunrise’s website contained several Bible verses and the company purported to make frequent charitable donations.

Melland, Color Shock, Solutions Company and Fortuna-K are Czech
companies that the Commission alleges have received funds from investors in the United States through transfers at the direction of Profitable Sunrise.

At present, a bank account in the name of Color Shock in
Hungary has been frozen by authorities there. The Commission has named these Czech companies as relief defendants because they have no right to retain the funds sent to their accounts by investors.

Shortly after the Commission filed its complaint, the Honorable
Thomas W. Thrash issued an order granting a temporary restraining order against Inter Reef along with an order directing an accounting, allowing expedited discovery, preventing the destruction of documents and providing for an asset freeze.

The Commission may seek additional relief, such as preliminary and permanent injunctions, disgorgement of any ill-gotten gains with prejudgment interest and civil penalties, at a later time.  The court’s order also freezes the assets of the relief defendants.


SEC Complaint

http://www.sec.gov/litigation/litreleases/2013/lr22666.htm

AllSouth Text Alert

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WINNSBORO — AllSouth Federal Credit Union has become the target of a text messaging scam.scamalert

With this scam, consumers (members and non-members) might receive an SMS text message claiming to be from AllSouth stating that their account has been restricted or their account access limited.

Upon calling the number in the text message, the consumer is prompted to enter their debit/credit card number and/or other personal information such as their Social Security number.

If you receive one of these texts, DO NOT respond to the text or call the number. Delete the message. If you did respond to the text or call the number and provide personal information, notify the credit union by email at security@allsouth.org.

AllSouth did not send this message and anyone who receives the message should not respond to it or call any of the numbers listed in it. AllSouth has not been hacked and member data has not been compromised.