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| Money Frauds and Scams Investment and financial scams including 'phishing', share scams, identity theft, bogus calls, etc. |
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#1 |
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Ken russo is a hugh conman and neds to be reported to the autorities
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#2 |
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You should do so if you have some evidence!!
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#3 |
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Top Level Member
Last Online:
Jan 3rd, 2009 05:47 PM Join Date: Sep 2008
Posts: 140
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Who is he and what did he do?
I don't mean to slap your face here, but if you want to accomplish something you need to realize that the process of listing an identity associated with suggested criminal activity or unprofessional conduct should also be backed up with some details and evidence. With that said, could you include some specific information? |
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#4 |
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ken russo has ben a major ponzi player for years and he is now pushing megalido also.
he has ben seen in the rpp section of forums teling peple that they are scams but then he goes and pushed megalido. now that is what i cal a scum bag! |
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#5 | |
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Top Level Member
Last Online:
Jan 3rd, 2009 05:47 PM Join Date: Sep 2008
Posts: 140
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I did complete some basic research on the Ken Russo name, matched with a few ' ponzi ' related tags in the search engines.
I even uncovered an interesting tidbit which appears to have been recently written. Quote:
Is this the same Ken Russo you are referring to? |
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#6 |
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Hi Banker:
Yes, this is the same Ken Russo. He claims to be a big leader, helping people earn money online but all he does is drag people from one ponzi to another. He came to the party late with the Big ASD scam, then moved on to WorldWideLoan club, claiming it was the REAL Deal before it collapsed as all ponzis do. He's now off promoting Megalido, a nearly EXACT replica of the 12Daily Pro program that was shut down by the SEC and is now in receivership. the only difference is that the owners of Megalido claim they are "offshore" and therefore out of the reach of the SEC. Beep, wrong answer. Regardless, the math is of a ponzi and Ken Russo is making money from the losses of the gullible. Hopefully the widening criminal investigations and prosecutions from ASD will include him and his henchmen. I'm Just Tired of Watching People Get Scammed and encourage all victims to: Track the Scammers! |
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#7 |
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How many people have been scammed and how much money stolen because some "trusted source" gave it the thumbs up? Have any of you ever thought how easy it is for someone like Ken Russo or Jake or Kent Black to be ASSURED they'll make money whether you do or not? Say Jake announces a new program is coming, a feeding frenzy starts (anyone remember Oceanside Wealth and that whole fiasco?) to get a good place in the matrix and since the scammers make an effort to get the Ken Russos of the world to bring a big downline with them they let them have a preferential place. So bigtime promoter X sets up a referral link, drops as little as $10 of there own money and make a few grand on ref bonus, then since they know anything they bring their numbers to is bound to last a few cycles, they let it ride for a month or so and bail, they can make big money doing this. I have a file of some of these guys who make over $50,000 in a new program, with less than $100 of their own money at risk. No surprise that the people they brought in with them overwhelmingly lose their money, but what do they care?
These guys are the enablers of the industry, and it's sad to see so many people losing money to scams and them being the only consistent winners. And not because they have any special skill or insight, but because they have the ability to create the next big thing and know enough of the truth to get out of the next big scam before most people involved know it's over. There are things happening that I sincerely hope will result in reforms to how the government treats the big promoters, just suing people like Shad Foss and Troy Winters didn't seem to work so maybe putting a few of the "names" in the industry in prison will do some good. |
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#8 | |
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Top Level Member
Last Online:
Jan 3rd, 2009 05:47 PM Join Date: Sep 2008
Posts: 140
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Quote:
Oh I remember Jake and Tristar Group. Probably served as Krimm's right hand. What did he do concerning the Oceanside Wealth? Whatever information you have, make sure you keep it safely tucked away in case it ever needs to be resurfaced and brought to a community's attention. |
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#9 |
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Google "ken russo scam" for his life story.
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#10 | |
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Quote:
If you're going to cut and paste my articles, please post a link back to them so people can read the whole article. And it's terribly rude to quote someone with attributing the quote, especially when your entire post is something I wrote |
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