Archive for March 29th, 2010

Financial Fraud Enforcement Task Force Credited With Bust In Bizarre Ohio Ponzi Involving ‘Unique Momentum Filter’; Enrique F. Villalba Charged With Wire Fraud

Financial Fraud Enforcement Task Force Credited With Bust In Bizarre Ohio Ponzi Involving 'Unique Momentum Filter'; Enrique F. Villalba Charged With Wire Fraud

An Ohio man who graduated from West Point and earned a law degree in Washington state has been charged in a bizarre Ponzi and investment-fraud scheme that allegedly combined the science of physics with a unique “momentum filter” that purportedly enabled him to predict how the futures market would behave with “an uncanny degree of […]

Secret Service Busts Another Alleged Ponzi In Florida; Michael Greenberg Accused Of Using 9 Company Names To Bilk Investors, Banks, Law Firm, Small Business Administration

Secret Service Busts Another Alleged Ponzi In Florida; Michael Greenberg Accused Of Using 9 Company Names To Bilk Investors, Banks, Law Firm, Small Business Administration

A Florida man who spent time in prison for wire fraud and money-laundering in a previous Ponzi scheme embarked on a new scheme after his release, federal prosecutors said. Within two years of being released from custody in 1996 — and while still on supervised probation — Michael Greenberg, 50, started a new Ponzi and […]

FTC Gives Nod To BBB For Helping It Solve Advanced-Fee Scam Operated By Recidivist Offender; James Nicholson Banned For Life From Telemarketing, Hit With $17.2 Million Judgment, Loses Power Boat

FTC Gives Nod To BBB For Helping It Solve Advanced-Fee Scam Operated By Recidivist Offender; James Nicholson Banned For Life From Telemarketing, Hit With $17.2 Million Judgment, Loses Power Boat

A Florida man who operated a previous scam has been banned for life from the telemarketing business after state and federal authorities and the Better Business Bureau worked together to expose the operation, the Federal Trade Commission said. “The FTC received invaluable assistance in this matter from the U.S. Postal Inspection Service, the University of […]