Archive for August 12th, 2009

BERNIE’S ‘STING’: Frank DiPascali Jr. Pleads Guilty In Madoff Case; Officials Say He Developed Phony Computer Platform That Appeared To Reflect Real Trading

In the movie “The Sting,” accomplice J.J. Singleton read from a surplus tickertape wire into a microphone to create the  impression that horse races that already were over were being run live on the radio. J.J.’s bogus radio calls from the back room helped Henry Gondorff and Johnny Hooker fleece Doyle Lonnegan of $500,000 in […]

UPDATE: Receiver In ASI Case Launches Website

Larry Cook, the receiver in the Federal Trade Commission case against Affiliate Strategies Inc., Brett Blackman and several co-defendants, has started a website to inform interested parties. Visit the receiver’s website in the ASI case. The FTC said the defendants were involved in a fraudulent scheme that promised “guaranteed” grants of $25,000 from economic-stimulus funds […]