PatrickPretty.com

Day: May 4, 2010

FLASHBACK: Year Ago Today, AdViewGlobal Announced Offshore Wire Facilitator — On Same Day Obama Announced Crackdown On International Fraud

Longtime readers of the PP Blog may scarcely believe a year has passed since the AdViewGlobal (AVG) autosurf announced a new, offshore wire facilitator — on the same day President Obama announced a crackdown on international fraud. Obama delivered his remarks at 11:37 a.m. By 5:54 p.m., a member of an AVG forum operated by…

May 4, 2010
Another Ponzi Halted In New York; SEC Says Matthew J. Ryan Targeted Senior Citizens In Scheme Involving Company That Existed In Name Only

American Integrity Financial Co. existed in name only, the SEC said today. Its operator, Matthew J. Ryan, 45, of Troy, N.Y., used the bogus company to fleece senior citizens in a Ponzi scheme by telling them they’d earn “guaranteed” return rates ofÂ 3.85 percent to 9 percent each year. It was the second Ponzi scheme…

May 4, 2010
TERROR SUSPECT CAPTURED: Faisal Shahzad Arrested At JFK Airport While Attempting To Flee To Dubai; Vehicle Involved In Failed Times Square Attack Reportedly Bought In All-Cash Deal On Craigslist

A naturalized U.S. citizen born in Pakistan was arrested at JFK Airport in New York late last night after he was removed from a flight bound for Dubai, authorities said. U.S. Attorney General Eric Holder announced the arrest of Faisal Shahzad in an extraordinary news conference in the middle of the night. President Obama was…

May 4, 2010
THE MODERN PONZI: Federal Judge Orders Parties Not To ‘Harass’ Receiver In Mantria/Speed Of Wealth Case; Dozens Of Companies Now Ensnared In Litigation

A federal judge has issued an order that effectively puts a court-appointed receiver in control of dozens of entities related to Mantria Corp. and Speed of Wealth LLC in a search for “recoverable assets.” One of the receiver’s duties is to determine if fraudulent transfers occurred between or among companies, according to the order. The…

May 4, 2010