12DailyPro Investigation IV
The SEC announced
the filing of securities fraud charges against the operators of www.12dailypro.com, a "paid autosurf program" that in fact was a massive Ponzi scheme which raised more than $50 million from over 300,000 investors worldwide by offering a 44% return on investment in just 12 days. As a result of the Commission's charges, the defendants, Charis Johnson, age 33, of Charlotte, N.C., and her companies, 12daily Pro and LifeClicks, LLC ("LifeClicks"), ceased their solicitation of investors and agreed to a freeze of all their assets and the appointment of a receiver who will take control of the companies' operations.
The SEC's complaint can be read here. In their complaint, the SEC alleges that 12Daily Pro has "raised" over $50 million from over 300,000 "investors" worldwide.
Why is it that there remain shrill defenders of this scheme? Are the defenders the big time winners, small winners, or big time losers?
