Three individuals who attempted to shake down the operators of a hedge fund associated with the alleged Equity Investment Management and Training Inc. (EIMT) Ponzi scheme have pleaded guilty in California for their roles in the shakedown bid.
Craig Anderson, 39, of Chicago, pleaded guilty to conspiracy to impersonate a federal officer and employee; Cassandra Moore, [...]
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3 Plead Guilty In Bizarre Shakedown Bid In Anthony Vassallo/EIMT Ponzi Case; 1 Pleads To Conspiracy To Impersonate An Officer
Now, A Narc That Car Training Video Shot By Promoter In Parking Lot Of Giant Eagle Supermarket Chain; ‘I’m Not Going To Talk To Anybody,’ Narrator Says
UPDATED 11 A.M. ET (U.S.A.) A grainy video promotion for Narc That Car was shot in the parking lot of one of the largest grocery-store chains in the United States and posted on YouTube.
The narrator in the video talked about the “countless cars that are in the parking lot” of a Giant Eagle store. Pittsburgh-based [...]
STOP THE MADNESS: Now, AmberAlertHelp.org; Narc That Car Promoters Continue To Link Company To Legacy Of Amber Hagerman
Two days ago, we wrote about FindThatCar.org, a website with a red banner at the top that appeals to visitors to “Help us,” as though it were promoting a charity such as the Red Cross.
FindThatCar.org actually is promoting Narc That Car, a Dallas-based multilevel-marketing (MLM) company that is building a database to sell information to [...]
Nilton Rossoni Sentenced To 68 Months In Federal Prison For Colossal eBay Fraud; Elaborate Scheme Featured 59 Mail Drops, 260 Bogus Auction Accounts
It was a case that was all about the numbers. In the end, the number with the most meaning to Nilton Rossoni was 68 — the number of months he’ll be spending in federal prison.
Rossoni conducted more than 5,500 fraudulent auctions on eBay. He pulled off his scheme by using at least 260 bogus accounts, [...]
FBI Makes Ponzi Arrest In California; Peter Jerald Frommer Faces Up To 233 Years Behind Bars If Convicted On All Counts
UPDATED 5:23 P.M. ET (U.S.A.) A California man has been arrested by the FBI and IRS criminal investigators in an alleged Ponzi scheme involving $12 million.
Peter Jerald Frommer was taken into custody this morning, after a federal grand jury returned a 17-count indictment yesterday.
Frommer, 34, formerly of Malibu, was charged with two counts of mail [...]
First Narc That Car, Now ‘PlatesRUs’: Promoter Says He Recorded 10 License Plate Numbers In Walmart Parking Lot And Earned A ‘Check’
Using a domain name similar to the famous ToysRUs brand name, a domain that has branded itself PlatesRUs.biz is promoting the Narc That Car multilevel-marketing program by telling prospects that earning $50 is a simple as going down to the local Walmart parking lot and writing down 10 license-plate numbers of WalMart shoppers.
The PlatesRUs video [...]
Frank Constantino Convicted Of Racketeering-Related Charges In Georgia Securities Fraud Case With Ties To Belize; Victim In $2.7 Million Scheme Was 83-Year-Old Woman
A Georgia man potentially faces decades in prison after being convicted yesterday of racketeering-related charges.
Frank Constantino, 65, of Marietta, was a recidivist securities offender previously disciplined in Missouri for a Bahamas-based scheme and also linked to a scheme in Belize, officials said. He now faces up to 95 years in prison after his conviction on [...]
Narc That Car ‘Not A Part’ Of Secondary AMBER Alert System; National Center For Missing & Exploited Children Official Says Integrity Of AMBER Alert Name ‘Needs To Be Protected’
UPDATED 2:39 P.M. ET (U.S.A.) Narc That Car is not affiliated with the AMBER Alert Secondary Distribution Program, an official said yesterday.
Robert Hoever’s comments followed on the heels of a denial by the Justice Department that Narc That Car was affiliated with the AMBER Alert program — despite repeated claims by Narc That Car promoters [...]
JUSTICE DEPARTMENT: Amber Alert System ‘No Way’ Affiliated With Narc That Car MLM Program
Shooting down claims by affiliates of Narc That Car, the U.S. Department of Justice said this morning that the Amber Alert System is in “no way affiliated” with the Narc That Car multilevel-marketing (MLM) program.
The denial comes on the heels of repeated claims by Narc That Car affiliates that the company, which says it pays [...]
Video Ad For Narc That Car Claims Program Was Started For Amber Alert System; Prospects Told To Gawk At License Plates At Best Buy, Food Lion, McDonald’s, Others
A promotional video for a multilevel-marketing (MLM) company that pays members to write down license-plate numbers says the program was started “to provide historical location data for lien holders, law enforcement and other entities such as the Amber Alert System.”
The video, which appears to be a sales tool for an MLM downline organization known as [...]
BULLETIN: Another Florida Fraud Case; SEC Charges 4 In Alleged ‘Children’s Book’ Scheme Known As ‘Winning Kids’; Attorney General Introduced Task Force In Area Three Weeks Ago
UPDATED 5:18 P.M. ET (U.S.A.) A Florida company and four individuals have been charged with securities fraud by the SEC, amid allegations they fleeced investors in a children’s book company known as “Winning Kids.”
Charged in the case were Winning Kids Inc. of Palm Beach Gardens, Fla; Christian Hainsworth, Winning Kids’ chief executive officer and founder; [...]
FBI: Investigators ‘Wrapping Up’ Decade-Long Probe Into ‘Pump And Dump’ Penny-Stock Schemes That Caused ‘Hundreds Of Millions’ In Losses
UPDATED 2:46 P.M. ET (U.S.A.) And to think a cheerleader for AdSurfDaily once boasted online that Megalido was “offshore” and therefore safe from government meddling, after earlier suggesting that ASD members who did not support the company after Ponzi allegations surfaced perhaps would get dragged off in handcuffs while supporters remained free.
To further chill ASD [...]
POSTAL INSPECTORS: Ponzi Scheme Targeted Filipino Community In New York; Razel Canedo Arrested In Atlantic City In ‘Nanny’ Ponzi Scheme
EDITOR’S NOTE: If you’re keeping a “Bubba Blue” notebook on the ways to have a Ponzi scheme as opposed to having shrimp, here’s one you might want to list: an alleged “Nanny” Ponzi scheme.
In yet another case that couples Ponzi and affinity fraud, Razel Canedo was charged with targeting Filipino immigrants in Greater New York [...]
NarcThatCar: Site Operates As MLM, Says Members Earn By Writing Down License-Plate Numbers; Links Itself To Amber Alert Program
NarcThatCar wants you to pay it $100 up front. For that fee, you become a “consultant” qualified to write down the license-plate numbers of 10 cars per month, input the information into a database and earn multilevel commissions by recruiting. After you pay the $100, you’re then charged $24.95 a month for a website, according [...]
GNI BECOMES THIS YEAR’S ASD: Autosurf/HYIP Pimps Continue To Cheerlead Ponzi Schemes As Bank Failures Pile Up In The United States
The new year is starting out like the year that just passed. Banks are failing, unemployment is high, money is not trickling down to small businesses that need capital to expand and create new jobs — and the Ponzi pimps are still putting lipstick on pigs, pushing autosurfs and HYIPs and cheerleading for them even [...]
TREVOR COOK AND KINGZ’ MURKY WORLD: Did Accused Ponzi Schemer Cook Send $75 Million To Mysterious ‘Investor’ Known Only As ‘Fased?’ Why AdSurfDaily/AdViewGlobal Cheerleaders Should Pay Attention
UPDATED 5:25 P.M. ET (U.S.A.) KINGZ Capital Management Corp. (KCM) might have been used or contemplated for use as a tool in two far-reaching, incredibly elaborate Ponzi schemes, according to an analysis of public records and other information.
One of the schemes ultimately appears to have consumed tens of millions of dollars in a squalid venture [...]
KA-BOOM! Offshore Firm To Which AdViewGlobal Claimed Wire Tie Booted From National Futures Association After Investigators Discover Ponzi Figure Trevor Cook Was Managing Its Investor Pool
UPDATED 1:18 P.M. ET (U.S.A.) A company that denied any ties to the AdViewGlobal autosurf after AVG listed it as a facilitator of offshore wire transfers has been permanently banned by the National Futures Association (NFA) amid allegations that it failed to uphold high ethical standards and failed to supervise its operations.
KINGZ Capital Management Corp. [...]
IT’S OFFICIAL: Scott Rothstein Is A Racketeer; Disbarred Lawyer Pleads Guilty, Forfeits $1.2 Billion; FBI Cites ‘Red Flags,’ IRS Cites ‘Lies’
Disbarred Florida attorney Scott Rothstein has pleaded guilty to a racketeering conspiracy that included mail fraud and wire fraud, and to two separate counts of wire fraud.
“Today’s guilty plea is an important step in bringing to justice those who perpetrated a $1.2 billion Ponzi scheme under the guise of operating a legitimate law firm,” said [...]
EDITORIAL: BizAdSplash, AdGateWorld, AdViewGlobal: Serial Promoters Should Be Prosecuted, ASD Members In Clone Ranks Should Be Excluded From Restitution Fund
If a thousand people tell you the autosurf they’re promoting is the “real deal” and that they’ve done their “due diligence” — they are lying.
If you believe them, you are setting yourself up to be fleeced and perhaps even dragged into court, perhaps as a reluctant victim or perhaps even as a defendant in a [...]
- Is An ASD ‘Final Refund’ Scam Under Way?
- Minister Who Bilked Church Members In Twin Ponzi Schemes Pleads Guilty; Congregants Lost More Than $1 Million
- Two More Attorneys Added In RICO Lawsuit Against Andy Bowdoin; Move Comes On Heels Of AdViewGlobal Mention
- So, You Want To Push An Autosurf And Tell Your Prospects You’ve Performed ‘Due Diligence’ On The Operator?
- Purported Transcript: Bowdoin Pushed ASD ‘Stock’ In 2007; Other Records Show Bowdoin Gave Campaign Donations In Names Of Two Firms
- Bank Of America Seeks Oral Argument In ASD Aiding-And-Abetting Claim; Files Dismissal Motion
- BREAKING NEWS: Two Dead, Two Listed In Critical Condition, 21 Taken To Hospitals; Troubling Medical Situation Develops At New-Age Retreat In Arizona
- EDITORIAL: ‘No One Had To Make The Call’
- BREAKING NEWS: Biz Ad Splash Suspends Member Cashouts; Busby Said Firm In ‘Crisis’ And Will Perform Self-Audit
- Noobing Had ‘Deaf Sales Team’ And Strong YouTube Presence
- 3 Plead Guilty In Bizarre Shakedown Bid In Anthony Vassallo/EIMT Ponzi Case; 1 Pleads To Conspiracy To Impersonate An Officer
- Now, A Narc That Car Training Video Shot By Promoter In Parking Lot Of Giant Eagle Supermarket Chain; ‘I’m Not Going To Talk To Anybody,’ Narrator Says
- STOP THE MADNESS: Now, AmberAlertHelp.org; Narc That Car Promoters Continue To Link Company To Legacy Of Amber Hagerman
- Nilton Rossoni Sentenced To 68 Months In Federal Prison For Colossal eBay Fraud; Elaborate Scheme Featured 59 Mail Drops, 260 Bogus Auction Accounts
- FBI Makes Ponzi Arrest In California; Peter Jerald Frommer Faces Up To 233 Years Behind Bars If Convicted On All Counts
- First Narc That Car, Now ‘PlatesRUs’: Promoter Says He Recorded 10 License Plate Numbers In Walmart Parking Lot And Earned A ‘Check’
- Frank Constantino Convicted Of Racketeering-Related Charges In Georgia Securities Fraud Case With Ties To Belize; Victim In $2.7 Million Scheme Was 83-Year-Old Woman
- Narc That Car ‘Not A Part’ Of Secondary AMBER Alert System; National Center For Missing & Exploited Children Official Says Integrity Of AMBER Alert Name ‘Needs To Be Protected’
- JUSTICE DEPARTMENT: Amber Alert System ‘No Way’ Affiliated With Narc That Car MLM Program
- Video Ad For Narc That Car Claims Program Was Started For Amber Alert System; Prospects Told To Gawk At License Plates At Best Buy, Food Lion, McDonald’s, Others
