Archive for January 25th, 2010

PONZI UNIVERSE: Just How Weird Will It Get? Spammer With Possible ASD Ties Tries To Post News Release In 10 Separate PP Threads; Elsewhere, A ‘Comic Book’ Ponzi Scheme

PONZI UNIVERSE: Just How Weird Will It Get? Spammer With Possible ASD Ties Tries To Post News Release In 10 Separate PP Threads; Elsewhere, A 'Comic Book' Ponzi Scheme

On a day a federal judge ordered alleged Minnesota Ponzi schemer Trevor Cook jailed — in part for not turning over a two-passenger submarine allegedly purchased on eBay with Ponzi proceeds — the following things happened: A would-be PP Blog poster attempted to post the same news release about AdSurfDaily mainstay “Professor” Patrick Moriarty in […]

BULLETIN: Trevor Cook Jailed For Contempt In Minnesota Ponzi Scheme Case; Judge Orders Him To Surrender $27 Million, Submarine, Houseboat, More

BULLETIN: Trevor Cook Jailed For Contempt In Minnesota Ponzi Scheme Case; Judge Orders Him To Surrender $27 Million, Submarine, Houseboat, More

UPDATED 7:55 P.M. ET (U.S.A.) A federal judge has ordered Trevor Cook jailed for not turning over assets in a Minnesota Ponzi scheme case brought by the SEC. Chief U.S. District Judge Michael J. Davis found Cook in civil contempt of court. U.S. Marshals “escorted Cook from the courtroom to jail,” the SEC said. “Mr. […]

Bowdoin, Prosecutors Clash Anew In August 2008 Forfeiture Case; Dispute May Explain Government’s Announcement Last Week That Separate Case Could Be Delayed For ‘Several Months’

Bowdoin, Prosecutors Clash Anew In August 2008 Forfeiture Case; Dispute May Explain Government's Announcement Last Week That Separate Case Could Be Delayed For 'Several Months'

UPDATED 2:03 P.M. ET (U.S.A.) Two attorneys for AdSurfDaily President Andy Bowdoin are asking a federal judge to vacate orders she issued granting a default judgment to the government and granting a final order of forfeiture to tens of millions of dollars and a home seized in the case. Attorneys Charles A. Murray and Michael […]

POLL RESULT: Readers Say Ponzi Schemes Pose National-Security Threat; Did Surf and HYIP Advocates See Poll As PR Threat?

POLL RESULT: Readers Say Ponzi Schemes Pose National-Security Threat; Did Surf and HYIP Advocates See Poll As PR Threat?

By better than a two-to-one margin, readers of the PatrickPretty.com Blog have concluded that Ponzi schemes pose a threat to national security, according to the results of a poll. The poll, which began on Jan. 13 and concluded this morning, was unscientific. Still, the results suggest readers are concerned that the criminality associated with Ponzi […]