Archive for June 2nd, 2010

BULLETIN: Yet Another Florida Ponzi Scheme; SEC Accuses Luis Felipe Perez Of Operating $40 Million Fraud Backed By Fake Diamonds And Bogus ‘Pawn Shops’

BULLETIN: Yet Another Florida Ponzi Scheme; SEC Accuses Luis Felipe Perez Of Operating $40 Million Fraud Backed By Fake Diamonds And Bogus 'Pawn Shops'

EDITOR’S NOTE: Here’s one for your Bubba Blue notebook on the various ways to have a Ponzi scheme, as opposed to shrimp. UPDATED 5:50 P.M. EDT (U.S.A.) A Miami man has been charged by the SEC with gathering $40 million in a Ponzi scheme, pocketing $6 million for himself and telling investors they were helping […]

Pathway To Prosperity Case A Subject Of Discussion In Washington’s Highest Power Corridors; Website Of U.S. Attorney General Includes Link To Case Info As Part Of ‘Mass-Marketing Fraud’ Educational Campaign

Pathway To Prosperity Case A Subject Of Discussion In Washington's Highest Power Corridors; Website Of U.S. Attorney General Includes Link To Case Info As Part Of 'Mass-Marketing Fraud' Educational Campaign

In November 2009, President Obama formed the interagency Financial Fraud Enforcement Task Force (FFETF). By January, U.S. Attorney General Eric Holder, who answers to Obama,  publicly warned fraudsters that “if you propagate an investment scheme, if you are complicit in an act of financial fraud, you are writing your ticket to jail.” It now turns […]

BULLETIN: Florida Office Of Financial Regulation Opens Probe Into PPE-Life; Firm Also Under Investigation In South Carolina Amid Allegations It Sold Unregistered Securities

BULLETIN: Florida Office Of Financial Regulation Opens Probe Into PPE-Life; Firm Also Under Investigation In South Carolina Amid Allegations It Sold Unregistered Securities

A company under investigation in South Carolina amid allegations it sold unregistered securities now is under investigation in Florida. The Florida Office of Financial Regulation (OFR) confirmed the probe into PPE-Life this morning. “OFR has an open investigation [regarding] PPE-Life and its principals at this time and cannot go into any additional details,” said Flora […]