March 21, 2013
Investors warned about 'Profitable Sunrise' online scam
Californians are being warned about an online investment scheme run by "Profitable Sunrise," a company that seeks to lure investor victims through Biblical references.
The California Department of Corporations recently issued a "desist and refrain" order against the company, its parent company, InterReef LTD, and its principals, identified as Roman and Radoslav Novak.
According to the CDC, Profitable Sunrise falsely claims "risk free" investments with returns of up to 3 percent per day.
CDC spokesman Mark Leyes said Profitable Sunrise appears to operate similar to a Ponzi scheme, where new investors' money is used to pay off older investors.
The company advertises a number of investment plans, including short-term "hard money loans" to U.S. and global businesses. But the company is not authorized or licensed to do lending or sell securities in California.
Profitable Sunrise is running "a massive, international scheme that takes advantage of religious affinity to deprive investors of their money," said CDC commissioner Jan Lynn Owen in a statement.
Similar warnings have been issued in other states, including Alabama, Kentucky, Minnesota, New Jersey and North Carolina, as well as countries like New Zealand.
Californians who've invested with Profitable Sunrise are encouraged to file a complaint at www.corp.ca.gov or call (866) ASK-CORP.
Read more here:
http://blogs.sacbee.com/personal-fi...-online-scam.html#storylink=cpy#storylink=cpy
добавлено через 5 минут
Missouri warns investors about Profitable Sunrise
March 21
By MARK DAVIS
The Kansas City Star
Missouri regulators are warning investors about a possible fraud involving a company already facing action by regulators in California and other states.
The company, Profitable Sunrise, has been promising gains of 1.6 percent a day, which compounds to more than 5000 percent in a year or even more, according to the Missouri secretary of state’s office.
The Profitable Sunrise investment offer comes from a firm called Inter Reef Ltd., which is based in Birmingham, England, the state said.
People involved in the scheme include Roman Novak and Radoslav Novak, brothers who own Inter Reef. The Missouri Securities Division is investigating the men and their operation.
Missouri also is investigating two other ventures called Felmina Alliance and Roxilia Investments.
Anyone who has invested in these ventures should call the division at 800-721-7996.
Missouri has not received complaints about them, but its notice said investors in other states have lost money in the ventures.
California officials last week issued a desist and refrain order against Profitable Sunrise. Officials charged the business and individuals with violating California law by selling unregistered securities.
Missouri’s alert also said the investments and individuals are not registered with the state to legally make investment offers to people.
http://www.kansascity.com/2013/03/21/4135274/missouri-warns-investors-about.html