Archive for March 2010

FBI CHIEF: ‘Major Threats’ Emerging From ‘Stored Value’ Debit Cards And ‘Shell Corporations’; ‘Shadow Banking System’ Has Exploited Vulnerabilities

FBI CHIEF: 'Major Threats' Emerging From 'Stored Value' Debit Cards And 'Shell Corporations'; 'Shadow Banking System' Has Exploited Vulnerabilities

EDITOR’S NOTE: Autosurf or HYIP promoter? White-collar fraudster of another stripe? Fan of “stored value” debit devices used in the context of well-publicized,  fraudulent business models? Owner of a “shell” company used to disguise the ownership of funds? Figure you’re smarter than the cops and that you’ve perfected your form of deceit as you pocket […]

Narc That Car’s ‘F’ Rating From Better Business Bureau Unchanged; BBB Says It Asked For ‘Comprehensive’ Client List To Determine If ‘Bona Fide Product With A True Market Value’ Exists

Narc That Car's 'F' Rating From Better Business Bureau Unchanged; BBB Says It Asked For 'Comprehensive' Client List To Determine If 'Bona Fide Product With A True Market Value' Exists

Narc That Car (NTC) told the Better Business Bureau in Dallas that it would take a “few weeks” to respond to the BBB’s request to provide the organization a “comprehensive list of third-party clients,” the BBB said today on its website. The information was requested from NTC March 3 in an effort “to determine if […]

EDITORIAL: Six Deaths Since 2006 In Car-Repo Incidents; Pistols, Knives, Autos Used As Weapons; Children Hauled Away In Repos

EDITORIAL: Six Deaths Since 2006 In Car-Repo Incidents; Pistols, Knives, Autos Used As Weapons; Children Hauled Away In Repos

UPDATED 4:48 P.M. EDT (U.S.A.) We’ve been writing about Narc That Car (NTC) and Data Network Affiliates (DNA), two multilevel-marketing (MLM) firms that recruit people to write down the license-plate numbers of cars for entry in a database. The information purportedly is or will be sold to companies in the business of repossessing automobiles. Neither […]

Astonishing Case Of Bank Fraud Alleged In New York; Charles J. Antonucci Sr. Charged With Bilking Pastors, TARP Program — And The Bank He Led

Astonishing Case Of Bank Fraud Alleged In New York; Charles J. Antonucci Sr. Charged With Bilking Pastors, TARP Program -- And The Bank He Led

EDITOR’S NOTE: At the moment, I don’t have the time to do this story justice. The allegations, however, are astonishing. And law-enforcement officials at both the state and federal level  are calling it another case that has been solved by the Interagency Financial Fraud Enforcement Task Force. A New York man has been arrested on […]

BULLETIN: CFTC Busts 2 Alleged Ponzi Schemes; Patrick H. Rakotonanahary Arrested By FBI In Florida After Financial Fraud Enforcement Task Force Probe

BULLETIN: CFTC Busts 2 Alleged Ponzi Schemes; Patrick H. Rakotonanahary Arrested By FBI In Florida After Financial Fraud Enforcement Task Force Probe

A Florida man has been arrested by the FBI on 21 counts of wire fraud amid allegations he operated a forex Ponzi scheme, collecting more than $10.2 million and pocketing $1 million for himself. The announcement of the arrest of Patrick H. Rakotonanahary, 34, of  Punta Gorda, Fla., was made in Hawaii after a joint […]

Video Promo For Narc That Car Demonizes Sweet-Faced ‘Rena The Realtor’; Some Reps Said To Make More Money Than President Of United States

Video Promo For Narc That Car Demonizes Sweet-Faced 'Rena The Realtor'; Some Reps Said To Make More Money Than President Of United States

UPDATED 4:32 P.M. EDT (U.S.A.) A video Narc That Car promoters may rent for $12.95 a month and a onetime set-up fee of $15 through a third-party provider demonizes a fantasy deadbeat named “Rena the Realtor” for stiffing a bank on her car loan and says some members of the multilevel-marking company are making more […]

Death Cycle For BizAdSplash Complete; Site Resolves To Blank Page On U.S. Server; Members’ Losses Unclear

Death Cycle For BizAdSplash Complete; Site Resolves To Blank Page On U.S. Server; Members' Losses Unclear

It entered the autosurf world in January 2009 with the stern bang of a drum in a promotional video. The message was dire: “The World Is In Crisis,” it warned. “Turn On The News, And You’ll See. The Stock Market Is At A Record Low. Foreclosures Are At An All-Time High. Thousand’s (sic) Are Losing […]

SPECIAL REPORT: License-Plate Database Populated By Narc That Car Affiliates Will Be Used To Locate People; Firm Changing Name To ‘Crowd Sourcing International’; VP Rene Couch To Lay Out ‘Vision’

SPECIAL REPORT: License-Plate Database Populated By Narc That Car Affiliates Will Be Used To Locate People; Firm Changing Name To 'Crowd Sourcing International'; VP Rene Couch To Lay Out 'Vision'

UPDATED 5:14 P.M. EDT (U.S.A.) The database being built by affiliates of Narc That Car (NTC) will not be used solely for the purpose of locating cars for seizure by the repo man, according to a recording of a March 11 conference call by the company. The database, according to the recording, also is envisioned […]

WELCOME TO PLANET CYBERFRAUD, U.S. REGION: IC3 Report Shows Tremendous Surge In Dollars Lost To Online Scams; Nevada, Utah, Florida, D.C. Among Cyberscam Capitals

WELCOME TO PLANET CYBERFRAUD, U.S. REGION: IC3 Report Shows Tremendous Surge In Dollars Lost To Online Scams; Nevada, Utah, Florida, D.C. Among Cyberscam Capitals

Welcome to the rapidly evolving world of Planet Fraud, U.S. Region — or, more precisely, the U.S. Region of Planet Cyberfraud, the electronic web of deceit that often exists out of view and is sucking wealth at an alarming pace. Its capitals last year, according to a new report from The Internet Crime Complaint Center […]

INetGlobal, AdPacs Websites Offline; Acesse.com, Associated Search Site, Has Limited Functionality

INetGlobal, AdPacs Websites Offline; Acesse.com, Associated Search Site, Has Limited Functionality

UPDATED 2:24 P.M. ET (U.S.A.) If you’re wanting to visit Steve Renner’s INetGlobal.com and AdPacs.com sites, at the moment you’ll land on pages that say “InetGlobal is currently down for maintenance. We’ll to (sic) be back by 12:00pm CST.” The message on InetGlobal.com and AdPacs.com has been in place for at least three hours and, […]

ALERT: International Con Artists Target Madoff Victims; Regulatory Agencies, Receiver In Cook/Kiley Ponzi Case Go On Guard For Copycats

ALERT: International Con Artists Target Madoff Victims; Regulatory Agencies, Receiver In Cook/Kiley Ponzi Case Go On Guard For Copycats

An individual or group of individuals believed to be operating internationally created a website that mimicked the website of the U.S. Securities Investor Protection Corp. (SIPC) “in an apparent attempt to target [Bernard] Madoff victims” in a fraud scheme, SIPC said. SIPC and the SEC issued warnings immediately, as did the court-appointed receiver in the […]