Pyramid Profit

A digest of important news from sources selected by our local editors. Delivered weekday mornings.

Profitable Sunrise apparently was only profitable to its founders, who allegedly operated an international investment scam, according to Colorado Securities Commissioner Fred Joseph.

Joseph on Tuesday announced he had entered a cease-and-desist order against InterReef LTC, an international Internet company doing business as Profitable Sunrise, and its principals, Roman Novak and Radoslav Novak, to bar them from luring Colorado investors “into an illegal investment scheme and lending scam.”

Several other states have issued similar orders against Profitable Sunrise, which allegedly used biblical themes to entice investors, telling them to “get richer with every sunrise.”

The company falsely claims to offer risk-free investment returns that return 1.5 to 2.8 percent per day, Joseph said in a press release. Profitable Sunrise offers securities in the form of investment plans, through its website, which advertises short-term “hard money loans” to businesses in the United States and other countries, Joseph said.

All Colorado investors in Profitable Sunrise are encouraged to contact the Colorado Division of Securities at 303-894-2320.

A quick perusal of what’s left of Profitable Sunrise’s website didn’t offer much insight into the company. Roman Novak did offer one “update” for investors:

"We are excited to provide you with some critical updates. We are very close to finalizing our partnership with our connection in China. Our e-checking and debit card system is almost complete as well. Please understand that servers were moved to Hong Kong to protect ProSun. This ensures the safety of our data. Our new 4% daily - 7 day program will be introduced after Easter payout which is coming near. This is just another way for us saying thank you and allowing us to put more money in your pockets sooner. Our support staff will also be growing massively to better serve our clients needs as business grows. For those of you looking to deposit more money into ProSun. Don’t worry you will have this opportunity as servers come back up very soon. We appreciate your patience. We are doing our best to safely increase your savings and make you a happier person. We are here to help you with anything and provide answers to all of the questions you may have. Have a Blessed Day, Roman Novak"

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the Post to Facebook box selected, your comment will be published to your Facebook profile in addition to the space below.

Justin Jason Jimmyjohnjacob Fink commented on Halliburton brings next generation of fracking equipment to Colorado (slideshow) on Tuesday, May 21st

Mark Harden DBJ commented on 10 things business should learn from Star Trek on Wednesday, May 22nd

Garl Boyd Latham commented on New eateries announced for remodeled Denver Union Station on Thursday, May 23rd

Harleen Sethi commented on Voodoo Doughnut expanding to Denver on Tuesday, May 21st

Brenda Moore commented on Plans for office building near Denver Union Station unveiled (slideshow) on Wednesday, May 22nd

The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals.