The Securities and Exchange Commission has filed fraud charges against Charis Johnson of operating a $50 million Ponzi scam through 12DailyPro.


The SEC has filed fraud charges against Charis Johnson of operating a $50 million Ponzi scam. The suit accuses Charis Johnson of operating a Ponzi scam through www.12dailypro.com.

The SEC said: “The defendants falsely represented that upgraded members earnings ‘are financed not only [by] incoming member fees, but also with multiple income streams including advertising and off-site investments.

In fact, at least 95 percent of 12daily Pro’s revenues have come from new investments in the form of membership fees from new or existing members.

In fact, at least 95 percent of 12daily Pro’s revenues have come from new investments in the form of membership fees from new or existing members.” [Source]

The SEC alleges that Charis Johnson transferred $2 million out of the $50 million into her bank account. It has frozen $1.9 million out of the transferred money along with other 12DailyPro assets.

SEC alleges that 12Daily Pro solicited investors to become upgraded members by purchasing “˜units’. 12Daily Pro promised to pay members 12% of the membership fee per day for 12 days. To receive the fee, members had to agree to view a minimum of 12 web pages per day during the 12 day period.

The payment that members thought to be generated from such paid advertisements were actually payments made by other members of the service.

The suit has been filed in the Los Angeles federal court.

To view a copy of the litigation against Charis Johnson, click here.

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