Monday, February 27, 2006

SEC Files Fraud Charges Against 12DailyPro's Charis Johnson


The Securities and Exchange Commission (“Commission”) today 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.

FOR THE FULL STORY FROM THE SEC, CLICK ONTO THE LINK BELOW.

Litigation

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