Category Archives: Profitable Sunrise

Profitable Sunrise: Why No Updates?

Profitable-Sunrise-Review1I had a reader email me and ask why there has not been any updates in the ProSun case. Well, here’s what the Docket says:

Securities and Exchange Commission v. Inter Reef Ltd. et al
Thomas W. Thrash, Jr, presiding
Date filed: 04/04/2013
Date of last filing: 10/11/2013

So, there you have it, nothing has been added to the Docket since last October. I check the docket weekly and if there are any changes, I will post them.

ProSun Affiliate Settles With Kansas Securities Commission

I have no idea why these documents are just showing up months after they are filed, but here is another Profitable Sunrise related filing in Kansas.  One ProSun affiliate has struck a deal and neither admitted or denied wrongdoing and has settled with Kansas security authorities.

Here is the filing:

602  David P Cozzocrea Settlement with Kansas Securities  Commissioner

Kansas Securities Commissioner Dismisses NJF and FocusUp Ministries

Although this was filed a month ago, it is a recent find. The Kansas Securities Commissioner has dismissed without prejudice the Notice of Intent, Docket Number 13 E 021.  By dismissing “without prejudice”, it means the case can be renewed at a later date.

It doesn’t mean that Nanci Jo Frazer won this battle, not at all.

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“Ponzi” Jo Frazer Sends Email To PatrickPretty 5 Times???

As if the world of scams and schemes was not sufficiently strange, we have this occurrence from last evening.  You have to see this email to fully understand the moronic intent and complete lack of understanding of how the internet actually works.  It is impossible to remove every instance of something throughout the entire interweb. A copy will always exist somewhere and in some form.

The email below is signed using the name of Nanci (Ponzi) Jo Frazer; of course, anyone can construct an email and sign it with someone’s name.  And the thing requested are ridiculous, to put it mildly. Pay special note that the author used the phrase ” victim of innocent ignorance”.  Frazer knew exactly what was going on; she had to. (emphasis below added by me)


Dear Patrick;

I am send you this private (not to be published or shared) email to you as a Christian brother, from your Christian sister, in hopes to have your assistance to stop all media coverage concerning our Ministry and our volunteer board members without having to get the authorities involved to get this accomplished.

We understand that you have been trying to find the truth about Profitable Sunrise. The FBI has fully reviewed every document, communication and record we have and has returned everything to us. Our lead investigator stated that it is clear that we were a victim of “innocent ignorance”.

The investigation resulted in no criminal charges being filed. The Federal Government has confirmed we are not being named in this case. Kansas is in the process of dismissing the case and Ohio has stated they do not have enough information to move forward (after losing the majority of the assets at our hearing on August 30th, 2013). We are so thankful that we are finally being vindicated and can speak out soon.

2013 has been a refining year but so many awesome miracles have occurred that I cannot just feel there was no positive purpose. We believed that Profitable Sunrise was the “real deal”. We know that many of you believe that BitCoin is the “real deal” but in Texas, it is now declared a security and to some- part of a Ponzi? We sometimes learn things the hard way.

The FBI is fully aware of all your consistent attempts to keep my name and our FocusUp Ministries Board members, our staff, voluteers and even my husband (who had no connection) tagged to negative , damaging words (such as scam, fraud and Ponzi) along with negative press and stories we are not connected to at all. Thus driving traffic to your website for your own purpose.

Last week through a phone conversation, the Senior investigator from the FBI, instructed me to have my attorney send you a Cease and Desist and demand for immediate removal of your unauthorized usage of materials, videos, audio, all radio & TV media, articles and all types of communication connected to FocusUp Ministries and our Board Members, staff and volunteers: including Nanci Jo Frazer (Nancy Frazer) and Albert Rosebrock, David Steckel (volunteer), Jon Simmons (staff pastor) also my husband David Frazer.

I am requesting that Patrickpretty.com and all associate websites, blogs and media… Cease and Desist immediately from using images, text, tags,YouTubes, Powerpoints, articles, documents and recordings associated in any way with the www.patrickpretty.com website, which is containing or referring to Nanci Jo Frazer, Nancy Frazer, David Frazer, Albert Rosebrock, David Steckel, Jon Simmons and FocusUp Ministries and/or any of our associate Ministries, as you are not authorized to use our names or image for any purpose without written permission.

We have spent hundreds of hours of research to help authorities in everyway to fully understand and solve this case. We are almost to the point whereas I can share what I have learned to help avoid this event from happening again. I believe in going to my Christian brother first to resolve an issue. I believe that your heart is in the right place.

We need to see that everything is deleted and completely removed from the Internet by Friday, November 15th, 2013 so we can all move on. I hope you honor this and that we can start over and have this be a much better story for all.

Thanks Patrick!
Nanci Jo Frazer


Despite the few misspelled words, the content is vacuous, superficial and unsubstantiated.  Normally, when a federal Agency finds no misconduct or lack of criminal activity, they issue a Press Release. However, in this case, the author is alluding to this, and that the state of Ohio has also found NJF and her “ministry” blameless, duped, and outwitted.

What does this say about the supposed business acumen of the person claiming to have been so dramatically hoodwinked and who has had such large sums of money flow through her hands? it does not bode well for either Frazer or FocusUp Ministries (FUM).  It saddens me and validates my view that certain “Christians” are anything but a Christian. They talk the talk and yet, they have no problem swindling fellow congregants and their own family and friends.

There is a specific paragraph which really caught my eye:

The FBI is fully aware of all your consistent attempts to keep my name and our FocusUp Ministries Board members, our staff, voluteers and even my husband (who had no connection) tagged to negative , damaging words (such as scam, fraud and Ponzi) along with negative press and stories we are not connected to at all. Thus driving traffic to your website for your own purpose.

It is the Ponzi polemicist at work here, “driving traffic to your website for your own purposes”.  I cannot count the number of times this phrase, or one like it, has been used to cast aspersions against bloggers, reporters and any opponents of people who scam other people. This is merely projecting their own internal lack of morals onto others who do not agree with them. I have been accused of the same thing several times, and it could not be farther from the truth. I have no ads or other such nonsense attached to this blog and I spend my money to gather information from PACER at 10 cents per page.

Yes, I have a donate button on the Blog, but only one person has every used it to donate any amount of money towards my PACER bill; one out of hundreds of people who visit this site weekly.  This sort of destroys that perception made by the polemicists, even if i did drive traffic to my website I get nothing out of it other than the satisfaction of exposing con men, crooks, criminals and their co-conspirators.

“Ponzi” Jo, get used to having your name all over the internet, as it should be.

From northwestohio.com – More on “Ponzi” Jo Frazer

NW Ohio charity and solicitors charged in fraud scheme
Posted: 07.09.2013 at 8:56 PM

BRYAN, OHIO — On Tuesday, Ohio Attorney General Mike DeWine and the Ohio Department of Commerce announced a joint lawsuit and temporary restraining order against Nancy Jo Frazer, David Frazer, Albert Rosebrock, and their charity, Defining Vision Ministries, formerly known as Focus Up Ministries, Inc., for violations of Ohio’s charitable and securities laws.

WNWO reached out to Nancy Jo Frazer, of Bryan, Ohio, on Tuesday evening about the accusations and Frazer said, in part, “we meant no harm, we were the biggest victims of all.”

State officials, however, say that the Frazer’s and Rosebrock were behind a pyramid scheme called Profitable Sunrise which, authorities allege, was touted as Christian company that used investment proceeds to help charities while also providing investors with large returns.

Nancy Jo Frazer claims that she, her husband and Rosebrock “did not know what was happening”.

In a phone interview with WNWO, Frazer said she did not want to go on camera at this time, the self-proclaimed television spokeswoman said that it all started when she was introduced to a man named “Roman Novack” by phone.  

Frazer says that “Novack” was referred to her as a “reputable collateral lender out of the UK” and says he offered her “free advertising” on his many websites “in exchange for being a group leader for his program” called Profitable Sunrise.

Mrs. Frazer says she never met “Novack”, face to face, but looked him up online and said he “had a good reputation on the internet”.

Frazer says  that after signing on with “Novack” he began using her name and her ministry for other things, without her knowledge.

According to the state’s complaint, however, it was the Frazer’s and Rosebrock who used Focus Up Ministries’ to solicit donations and investments for Profitable Sunrise.

Frazer, however, claims that she is only taking the fall now because “Novack” disappeared when US authorities started sending him cease and desist orders.

“My face was out there,” Frazer says of why she thinks state officials have sought legal action against her and her ministry.

Attorney General Mike DeWine says that Profitable Sunrise “defrauded Ohioans and others out of millions of dollars” but says the [Frazer’s and Rosebrock] promised “outrageous returns and [told] investors that their donations and investments would help charities.”

Frazer says she fully cooperating with state authorities on the case and “wants this resolved…we want to do the right thing”.

“We’ve been so pleased with how [state officials] have treated us..they are just doing their job…We’re hoping we can resolve this to the satisfaction of everyone,” Frazer added.

The lawsuit against the trio, however, also alleges that the defendants used funds, donated to Focus Up Ministries, for personal expenses and other unlawful purposes.

The Attorney General’s Office says it is now trying to find “victims” who invested in Profitable Sunrise or were solicited as potential investors as they investigate the situation.

Those with that kind of information are being asked to call the Attorney General’s Charitable Law Section at 614-466-3181.

A preliminary injunction hearing, in the case, has been scheduled for July 22 at 10 a.m. in the Williams County Common Pleas Court.

Frazer says she hopes it “doesn’t get to that point”.

Nanci Jo Frazer Faces 23 Alleged Counts – Listed Below

This comes from the Complaint file by the State of Ohio regarding Nanci Jo Frazer and her many offshoot entities, FUMI, GIR and others.

“Upon information and belief, Nanci Jo Frazer has a history of promoting pyramid and multilevel marketing schemes that have been the subject of law enforcement action and regulatory action.”

Then they list the various Scams she has been involved with or has solicited members or investors :

  1. Profitable Sunrise
  2. Ad Surf Daily/Ad Cash Generator
  3. Profit Clicking
  4. Fuel Freedom International
  5. Zeek Rewards
  6. Strongbrook Direct, from which she is still receiving commissions

The Ohio Attorney General alleges Counts 1 – 18 against Nanci Jo Frazer, as well as her spouse, David Frazer.  The Director of the Department of Commerce alleges Counts 19 – 23 against Nanci Jo Frazer.

The Counts alleged are:

  • Deceptive Acts or Practices
  • Misleading as to Material Facts
  • Misleading as to Existence of Charitable Organization/Purpose
  • False or Misleading Information to the Attorney General
  • Breach of Fiduciary Duties
  • Failure to File a Registration Statement
  • Failure to File Articles
  • Failure to File a Statement
  • Failure to File Fees
  • Failure to File a Financial Report
  • Failure to Comply and Operating in Violation of Chapter 1716
  • Nuisance
  • Failure to Register
  • Falsification
  • Common Law Fraud
  • Common Law Conversion
  • Common Law Unjust Enrichment
  • Reformation of Charitable Trust
  • Unlawful Sale of Unregistered Securities
  • Sale of Securities by an Unlicensed Person or Entity
  • Acting as an Investment Adviser or Investment Adviser representative Without a License
  • False Representations in the Sale of Securities
  • Securities Fraud

I wonder if they left anything out??

Ohio AG Announces Lawsuit and TRO against “Ponzi” Jo Frazer and Focus up Ministries

Williams County Charity and Solicitors Charged for ‘Profitable Sunrise’ Pyramid Scheme

7/9/2013

(BRYAN, Ohio) – Ohio Attorney General Mike DeWine and the Ohio Department of Commerce today announced a joint lawsuit and a temporary restraining order against Nancy Jo Frazer, David Frazer, Albert Rosebrock, and their charity, Defining Vision Ministries, formerly known as Focus Up Ministries, Inc., for violations of Ohio’s charitable and securities laws.

“This case involves a worldwide pyramid scheme that defrauded Ohioans and others out of millions of dollars,” Attorney General Mike DeWine said. “These individuals brought the scheme to Ohio by promising outrageous returns and telling investors that their donations and investments would help charities. We will continue to work closely with the Department of Commerce to hold the defendants accountable for their actions.”

Profitable Sunrise is an international pyramid scheme recently shut down by federal and international authorities. Profitable Sunrise claimed to be a Christian company that would use investment proceeds to help charities and provide investors with large returns. According to the state’s complaint, the Frazers, of Bryan, and Rosebrock, of Sherwood, used Focus Up Ministries’ status as a charity to solicit donations and investments into Profitable Sunrise. They also claimed that invested funds would compound at 1.6 to 2.7 percent daily, growing at annual rates of 5,000 to more than 75,000 percent.

The complaint also alleges that the defendants used funds donated to Focus Up Ministries for personal expenses and other unlawful purposes. These included financing for personal business ventures, the purchase of a big screen television, no-interest personal loans, and compensation for agents who solicited on behalf of the Profitable Sunrise pyramid scheme. The complaint contains counts of misrepresentation, deceptive acts and practices, conversion, falsification, securities fraud, and unlicensed sale of securities, among other violations.

In the lawsuit, the state requests that the defendants be prohibited from soliciting for or having any involvement with any charity in Ohio and from engaging in any securities activities in violation of Ohio law, in addition to restitution for investors, relief for charitable beneficiaries, statutory penalties, fees, and punitive damages.

A preliminary injunction hearing has been scheduled for July 22 at 10 a.m. in the Williams County Common Pleas Court.

The Attorney General’s Office is interested in hearing from individuals who invested in Profitable Sunrise or were solicited to invest by the defendants. Those with information should call the Attorney General’s Charitable Law Section at (614) 466-3181.

Documents

Lawsuit
Motion for Temporary Restraining Order
Temporary Restraining Order

Pro-Sun: James Paul Schilling’s Motion To Get His Money Back Is Denied

As some may recall, around the end of April a ProSun affiliate, James Paul Schilling, filed a Pro Se Motion to Release $57, 300 that he had Wire transferred to Profitable Sunrise.  Today, he received an answer from Judge Thrash, as follows:

ORDER

This is an SEC enforcement action. It is before the Court on the pro se Motion to Unfreeze and Release Cash Wire Transfers [Doc. 13] of James Paul Schilling. This attempt to intervene is prohibited by 15 U. S. C. § 78u(g). The Motion to
Unfreeze and Release Cash Wire Transfers [Doc. 13] is DENIED.

SO ORDERED, this 19 day of June, 2013.

BREAKING NEWS: 3 New Subpoenas Issued For ProSun Promoters !!!

Looks like there is trouble in Paradise.  Subpoenas were issued for Don Gillette, Melton McClanahan and John Schepcoff,  Yes, John Schepcoff, the guy with the “1000 times better than Zeek Rewards” new program in Hong Kong for whom he is recruiting.

Along with these 3 subpoenas, PayPal and Societe Generale (A French multinational bank and finance company) were also issued subpoenas.  I have uploaded these onto the Files Website.

Date Filed # Docket Text
06/04/2013 16 NOTICE Of Filing by Securities and Exchange Commission (Attachments: # 1 Subpoena to Testify at a Deposition to Don Gillette, # 2 Subpoena to Testify at a Deposition to Melton McClanahan, # 3 Subpoena to Testify at a Deposition to John Schepcoff)(Huddleston, Pat) (Entered: 06/04/2013)
06/04/2013 17 NOTICE Of Filing by Securities and Exchange Commission (Attachments: # 1 Subpoena to Paypal, Inc., # 2 Subpoena to Societe Generale)(Huddleston, Pat) (Entered: 06/04/2013)
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Kansas Issues Cease And Desist Order Against Profitable Sunrise

 

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Investor Alert: Kansans Cautioned About Potential Fraud Tied to International Investment Scheme

Topeka, KS— The Kansas Securities Commissioner issued a cease and desist order after learning that at least four Kansas residents had invested a total of $22,000 in an international investment scheme.

The order alleges that Inter Reef Ltd., a company based in the United Kingdom, used a website to operate an investment scheme known as Profitable Sunrise. The website described five investment plans that offered gaudy returns of 1.6% to 2.7% on a daily basis. Profitable Sunrise violated Kansas securities laws by failing to register its investment offering as securities in Kansas.

The Office of the Securities Commissioner of Kansas is continuing to investigate the matter as it relates to Kansas residents. Josh Ney, Interim Securities Commissioner said, “If an investment opportunity sounds too good to be true, it probably is.”

He also urges any Kansas residents that have invested money with Profitable Sunrise or had contact with persons promoting Profitable Sunrise to contact his office immediately. “Considering the extent of this scheme, it is likely that several other Kansas residents have funds at risk with Profitable Sunrise. Our office needs information from such people in order to stop this type of activity,” stated Ney.

Also named in the cease and desist order are two individuals and an organization that promoted Profitable Sunrise to Kansas residents. David P. Cozzocrea, a Florida man, promoted Profitable Sunrise via a website known as KTFAlways.com. Two Kansas investors learned about Profitable Sunrise through KTFAlways.com and contacted Cozzocrea directly. Cozzocrea provided the investors with instructions for setting up an account with Profitable Sunrise and directly funded their accounts with Profitable Sunrise.

(emphasis added by me below)

Two other Kansas residents invested in Profitable Sunrise through an organization known as the NJF Global Group Community. The NJF Global Group Community was operated by Focus Up Ministries, Inc. and its founder, Nanci Jo Frazer. The NJF Global Group Community promoted Profitable Sunrise as a fundraising opportunity for religious-based and charitable organizations.

At least thirty other states have issued cease and desist orders or investor alerts regarding Profitable Sunrise. The United States Securities and Exchange Commission (SEC) has filed a complaint against Profitable Sunrise. The SEC complaint alleges that Inter Reef Ltd., the company that operated Profitable Sunrise, employed devices, schemes, and artifices to defraud persons that invested with Profitable Sunrise.

Kansans are encouraged to check the Securities Commissioner’s website at ksc.ks.gov before investing. For more information, contact Caley Love, Director of Communications, at caley.love@ksc.ks.gov or call our office at 785-296-3307.

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