| 12 Daily Pro Shuts Down; Investors Wait For Money - Watch Video |
An alleged get-rich-quick program included in an ABC4 news investigation has apparently shut down.
12 Daily Pro sent an email to its memberships early this morning, saying their organization is being "misrepresented".
The e-mail claims some members, including Utah college students, made unspecified false claims.
Because of that, and a vague reference to questions being raised by authorities, it's temporary closed up shop.
The "Utah" college students mentioned are apparently BYU students.
As ABC4 News reported Thursday night, Ned Hill, Dean of BYU's Marriott School of Business became alarmed that some of his students were promoting what he believed was a risky, unethical and possibly illegal enterprise.
A memo from Dean Hill warned those students they are in danger of being expelled.
Since then, Charis Johnson, the only named principal in 12 Daily Pro and it's parent company, Lifeclick LLC, has sent an e-mail to members saying "due to the questions raised...we feel...it is best to stop accepting upgrade purchases..."
What's more, the online clearinghouse handling money transfers for 12 Daily Pro, Storm Pay, has frozen its accounts.
Here's storm-pay's explanation:
"Investigation by both Storm Pay and other outside investigational organizations and law enforcement agencies have drawn early conclusions that these types of programs are nothing more than well hidden ponzi or pyramid schemes."
The letter says that accounts will remain frozen "until all legal matters are resolved."
That leaves 12 Daily Pro without access to member's money, and that...more than anything done by BYU students or said by their dean is probably the reason 12 Daily Pro is no long accepting upgrades...or even new memberships.
On ABC4 News at 10 p.m., tune in to see what 12 Daily Pro members say about the investigation.
Story by: Brent Hunsaker |
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