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Embattled lottery pyramid scheme slammed by Australian courtNews Story
World Games Inc. (WGI), a loosely-based international company that has been on the run from legal authorities around the world for several years, was found to be in violation of the 1974 Trade Practices Act by the Australia Full Federal Court for organizing an international lottery pyramid scheme.The court's ruling was directed at Gold Coast company Worldplay Services Pty. Ltd., a corporate entity that is tightly coupled with WGI.The decision also upheld that Greg Kennedy, the company s director
May 10, 2005, 8:57 am - Todd - Lottery News

Lottery 'syndicate' is a pyramid scamNews Story
Every week, Tony Hetherington of This is Money (UK) replies to readers' letters, adding comments, advice and the results of his enquiries. If you think you are a victim of financial mismanagement, or want advice before investing, write to Tony Hetherington, Financial Mail, 2 Derry Street, London W8 5TS. Sorry, but he cannot give personal replies. Please send only copies of documents - if these are relevant to your enquiry. We regret that they cannot be returned.A. W. writes: I attended a present
Oct 24, 2005, 9:12 am - Todd - Lottery News

Gaming executives guilty of operating illegal lottery, pyramid schemeNews Story
Six of the lead promoters of World Games Inc. (WGI) plead guilty to operating and promoting an Illegal Pyramid Scheme December 6, 2004 in Calgary, Alberta.The guilty plea was a result of a five month Joint Forces investigation including the Alberta Gaming and Liquor Commission (Gaming Investigation Team), Calgary Police Service, RCMP, and the Lethbridge Police Service.World Games Inc. CEO, Greg Kennedy was found guilty of pyramid selling offenses by the Australian Federal Court earlier this year
Dec 8, 2004, 8:53 am - Todd - Lottery News

Global Pyramid Lottery Sceme Indicted AgainNews Story
On the heels of several indictments and guilty pleadings worldwide, World Games Inc. (WGI) is once again the target of law enforcement.WGI offers different lottery and gaming products to its members on the Internet. Like a pyramid scheme, members join with the intention of registering as many new members as possible, in order to derive credit from those new members. In keeping with a pyramid scheme, the vast percentage of rewards go to the members highest up in the scheme.Pyramid schemes are i
Dec 17, 2004, 12:26 pm - Todd - Lottery News

Two men arrested in Russia for running Western-style pyramid schemeNews Story
250,000 people defrauded of US$765 million Two men were arrested in Moscow, Russia, on Monday on charges of setting up a pyramid scheme that defrauded around 250,000 people of 18 billion rubles ($765 million), the Interior Ministry said. Two organizers of the criminal group have been detained Sokolov and Dzhasybaeva, who operated under the firms names Region-Center, Garant Invest, and Garant Kredit. They have been brought to Tatarstan [in the Volga area] for investigation proceedings, a m
Jun 10, 2008, 6:43 pm - Todd - Lottery News

World Games officials face probeNews Story
Officials of global pyramid lottery scheme face tax evasion chargesA lawyer representing disgruntled investors in the controversial World Games Inc. (WGI) has reported WGI's Norwegian officials to the country's white collar crime unit kokrim.An kokrim official confirmed the federal agency that investigates and persecutes economic crimes in Norway had received the filing from lawyer Olav Sylte.He represents 8 people who are demanding the return of around NOK 1.2 million from WGI officials in No
Mar 1, 2005, 10:43 am - Todd - Lottery News

Lottery winner who spent $20M on boyfriend's bail money to appear on 'Fix My Life' seriesReply
he's right. any insurance, stock market investments, municipal bonds will turn into a scam when everyone tries to collect at the same time. it's a pyramid scheme. sure they can pay out to people as long as there aren't a multitude of claims. if california falls into the sea via an earthquake, no one will collect a nickel. if yellowstone erupts forget about filing a claim when your house is covered in 10' of soot along with hundreds of thousands of others. insurance companies spend the money you
Aug 27, 2016, 10:01 am - faber98 - Lottery News

$42M lottery winner plans to become a pecan farmerReply
Where on earth have YOU been for the last 5 to 10 years? You need to wake up and start following the daily front-page headlines and lead news stories that have been shouting about the housing bubble and mortgage crises plaguing economies all around the world within the past few weeks and, in connection, destroying the life savings of those not really investment-savvy Americans who weren't even involved in real estate. Clearly there were more than enough Americans, I'd say too many, who saw re
Oct 12, 2008, 11:28 am - Phokas - Lottery News

Newspaper takes a hard look at the N.J. LotteryNews Story
They call her the Queen of the Lottery.Her realm: the North Broad Foodmart, a convenience store behind a gas station off Route 22 in Hillside.One evening, as the queen, aka Pat Howard, an insurance agent who lives in Newark, waits in line for the green machine, someone asks how much she spends. Maybe $20, $30 a day, she says.At this, the crowded store falls silent. Then, all at once, everyone laughs.After the queen is finished with her order, store manager Rashmi Patel spins a swivel scre
Dec 4, 2005, 7:24 am - Todd - Lottery News