Archive for December 10th, 2009

THE ‘BOOK’ DEFINED: Louisiana Woman Faces Stunning Total Of 851 Charges In $3 Million Insurance-Fraud Caper

THE 'BOOK' DEFINED: Louisiana Woman Faces Stunning Total Of 851 Charges In $3 Million Insurance-Fraud Caper

In perhaps their most powerful message to date in the Age of White-Collar Fraud, police have thrown the book at a Louisiana insurance agent, accusing her of an astonishing total of 851 crimes. For good measure, the Louisiana Department of Insurance immediately suspended Jolie R. Bonvillian’s sales license and fined her $21,250. Bonvillian, 40, of […]

BREAKING NEWS: FBI Tells Senate Judiciary Committee It Is Probing 314 HYIP Schemes Only Months After ASD Members Asked Panel To Probe Prosecutors

BREAKING NEWS: FBI Tells Senate Judiciary Committee It Is Probing 314 HYIP Schemes Only Months After ASD Members Asked Panel To Probe Prosecutors

And to think that only months ago — in February 2009 — various members of AdSurfDaily wrote to the Senate Judiciary Committee trying to elicit support for Ponzi schemes. The letter-writing campaign was spearheaded by “Professor” Patrick Moriarty and pushed by the Pro-AdSurfDaily Surf’s Up forum. But now the FBI has told the committee, led […]

Ponzi Suspect to Judge, ‘Jail Me’; Judge To Ponzi Suspect, ‘OK’; Minnesota’s Gerard Frank Cellette Jr. Booked Into Hennepin County Jail On 36 Felony Counts

Ponzi Suspect to Judge, 'Jail Me'; Judge To Ponzi Suspect, 'OK'; Minnesota's Gerard Frank Cellette Jr. Booked Into Hennepin County Jail On 36 Felony Counts

Gerard Frank Cellette Jr. was implicated by prosecutors in an alleged $53 million Ponzi scheme in Minnesota last month. Cellette, 44, of Andover, Minn., asked a judge to jail him yesterday — and the judge granted his wish. Cellette now is Inmate No. 2009034708 in the Hennepin County Sheriff’s Jail. He was charged Nov. 5 […]

Madoff Confessed Ponzi Scheme Year Ago Today; AdViewGlobal Prepared Ponzi Roll-Out Even As Stunned Public Watched Madoff Spectacle Unfold

Madoff Confessed Ponzi Scheme Year Ago Today; AdViewGlobal Prepared Ponzi Roll-Out Even As Stunned Public Watched Madoff Spectacle Unfold

One year ago today Bernard Madoff uttered a memorable phrase, describing his securities business economically as “one big lie” — and his Ponzi house of cards came tumbling down. Even as Madoff was uttering those three words to his sons and the FBI soon was to knock on his door, the insiders behind the AdViewGlobal […]