Charis Johnson, LifeClicks, LLC, and 12daily Pro

On March 1, 2006, the SEC obtained permanent injunctions and other relief against Charis Johnson, and her companies, 12daily Pro and LifeClicks, LLC, in connection with an alleged internet-based offering fraud and Ponzi scheme.  The SEC also obtained assets freezes against StormPay, Inc., EMO Corp., e-gold Ltd, and Bank of America.  According to the complaint, the defendants fraudulently raised more than $50 million from over 300,000 investors worldwide.  The defendants promised investors returns of 12% per day for a term of 12 days for agreeing to “auto-surf” 12 advertiser websites per day.  The SEC claimed that, in reality, 95% of investor returns were financed directly from the “principal” payments of new investors.  For more information about the SEC’s action, you can read Litigation Release No. 19579 (Feb. 27, 2006).