Archive for April 26th, 2010

Is Trevor Cook Lying To Ponzi Investigators In $190 Million Case After Accepting Plea Deal? Investors Say Story Too Incredible To Believe

Is Trevor Cook Lying To Ponzi Investigators In $190 Million Case After Accepting Plea Deal? Investors Say Story Too Incredible To Believe

EDITOR’S NOTE: Some of the investors in the Trevor Cook/Pat Kiley Ponzi scheme in Minnesota say they believe Cook is lying to investigators about the whereabouts of assets and perhaps other elements of the probe. “We do not believe this much money could be totally lost in such a short period of time,” an investor […]

UPDATE: Data Network Affiliates Gets More Bizarre By The Day; MLM Firm Now Says It Was Snookered In $10 ‘Unlimited’ Cell-Phone Deal

UPDATE: Data Network Affiliates Gets More Bizarre By The Day; MLM Firm Now Says It Was Snookered In $10 'Unlimited' Cell-Phone Deal

The PP Blog attempts to write serious stories about serious subjects. In recent weeks, we have reported very little on events at Data Network Affiliates (DNA). Perhaps the biggest reason we have published fewer updates on events at DNA was because things had gotten so strange that sharing news with readers almost seemed like a […]

SPECIAL REPORT: SEC Says Detroit Pension Funds Looted By Outside Manager, Used-Car Dealer; Agency Alleges Elaborate Fraud Into Which Millions Dumped Into Firms That Financed High-Risk Loans In Metro Atlanta

SPECIAL REPORT: SEC Says Detroit Pension Funds Looted By Outside Manager, Used-Car Dealer; Agency Alleges Elaborate Fraud Into Which Millions Dumped Into Firms That Financed High-Risk Loans In Metro Atlanta

EDITOR’S NOTE: The story below is about a compelling case in which nearly $16 million in public-pension funds from the Detroit area allegedly ended up in the control of an Atlanta-area, used-car dealership that operates in a business segment commonly known in the auto trade as “buy here, pay here.” Research shows that the dealership […]