Another Ponzi Scheme

People don't learn their lesson . This is another scam that would deprive many people of the money they saved and enrich people who operate she operation. Here is the news:

RALEIGH, North Carolina— Federal securitiesregulators have filed fraud charges and an emergency order to freeze the assets of a North Carolina company officials say operated a $600-million Ponzi scheme that is on the verge of collapse.

The action by the Securities and ExchangeCommission Friday is intended to help investors recoup money and avoid devastating losses.

Online marketer Paul Burks is accused of raising money from more than 1 million customers through ZeekRewards.com, a website in operation less than 2 years.

ZeekRewards customers were offered ways to earn money through the site, including buying unregisteredinvestment contracts that promised a share the company’s profits through rewards points that could be traded for cash payouts.

Rolito Go back to prison, Chief and guards sacked

Rolito Go claimed that he and his nephew were kidnapped for a ransom of Php 1 million. No ransom was paid. Here is the news about Rolito Go's disappearance from the Bilibid Prison, 

Convicted murderer Rolito Go is back in the stockade, the Bureau of Corrections (BuCor) chief has gone on leave and five jail guards have been sacked as President Benigno Aquino ordered a probe into how a high-profile inmate disappeared from prison for at least 24 hours.

Police on Thursday said their investigation showed that Go  and a nephew who was with him  were “forcibly taken” from a minimum security compound at the New Bilibid Prison (NBP) in Muntinlupa City, but Justice Secretary Leila de Lima said this was being looked into.

Go disappeared from prison on Tuesday evening. Police were able to get him back on Wednesday at about 11 p.m.

De Lima said Mr. Aquino was dismayed by what happened, given that measures had been adopted following reports that prominent inmates had been allowed to “live out” in the past.

“He is disappointed because, you know, this kind of incident keeps happening,” De Lima told reporters.

“He (the President) said,  ‘he thought all the safeguards and all the reform initiatives have been put in place to avoid similar incidents.’ He’s really disappointed and that’s why he immediately ordered an investigation,” she said.

De Lima said Mr. Aquino’s reaction was  “How can it happen again, if it’s true that it’s abduction or kidnapping for ransom right within the NBP?”

Pangilinan takes leave

Malacañang praised the Philippine National Police for recapturing Go. “It is good that while one agency was apparently remiss in its duties, another agency stepped up,” said presidential spokesperson Edwin Lacierda.

Lacierda added: “To emphasize the principle of command responsibility and help the investigation, Bureau of Corrections Director Gaudencio Pangilinan has offered to go on leave, and the President has accepted it.”

Lacierda said the NBP  would be under the direct supervision of De Lima “pending the appointment of an officer in charge.”

De Lima said Pangilinan went on leave “for the sake of an impartial and thorough investigation.”

“Let’s not preempt him,” De Lima said when asked if Pangilinan was expected to resign.

“Maybe he’s thinking about it, maybe he’s not yet thinking about it, maybe he has a good explanation, maybe he can explain the level of responsibility and the level of efficiency and competence that was expected of him as the overall administrator of the facility,” the justice secretary added.

Rolito Go is missing

Did he escape or is a victim of kidnap ransom syndicate? Rolito Go is missing. Here is the news:

Another high-profile prisoner at the state penitentiary has given prison officials the slip.

Rolito Go, a convicted road rage killer, was reported missing from the New Bilibid Prison (NBP) in Muntinlupa City on Tuesday night. But his relatives claimed Wednesday that he was kidnapped along with his nephew.

Three Philippine Daily Inquirer sources supported the claim of Go’s family, saying this was not the first time that a rich prisoner at the NBP or their relatives had fallen prey to a kidnap-for-ransom syndicate.

In a briefing for reporters, Justice Secretary Leila de Lima sounded unconvinced it was kidnapping.

“Imagine, kidnapped right in the NBP. Only in the Philippines,” De Lima said.

De Lima said Go was reported to have been last seen at the Ina ng Awa church at the prison compound where he was assigned as a church worker with his nephew, Clemence Yu, a registered nurse.

Go is suffering from colon cancer, and has had surgery.

De Lima said Yu came every day to dress Go’s surgical wounds and give him medicine.