Archive for January 12th, 2011

BULLETIN: 40,000 Potential Victims Identified So Far In ASD Case; Government Says Autosurf Firm May Not Have Entered All Names In Database

BULLETIN: 40,000 Potential Victims Identified So Far In ASD Case; Government Says Autosurf Firm May Not Have Entered All Names In Database

BULLETIN: Federal prosecutors now say that a Florida company whose operator is accused of running an international Ponzi scheme may have defrauded 40,000 or more victims and may not have entered all the names of people who gave it money into the firm’s database. Andy Bowdoin, the president of AdSurfDaily, was indicted last month on […]

British Con Man Pleads Guilty In £14 Million Ponzi Scheme; Terry Freeman ‘Archetypal Fraudster Happy To Steal Money And Ruin Lives,’ London Detective Says

British Con Man Pleads Guilty In £14 Million Ponzi Scheme; Terry Freeman 'Archetypal Fraudster Happy To Steal Money And Ruin Lives,' London Detective Says

An Essex trader jailed in 1997 for financial fraud emerged from prison with a new name and swindled investors of £14 million ($28.8 million), the City of London Police Department said. Terry Freeman, 62, known as Terrence Sparks when he was jailed 14 years ago, pleaded guilty in Southwark Crown Court  to fraudulent trading, engaging […]

FTC: Company Sold Bogus ‘Green’ Certifications To ‘Anyone Willing To Pay A Fee’; Firm Known As ‘Tested Green’ Hawked ‘Worthless Labels,’ Agency Says

FTC: Company Sold Bogus 'Green' Certifications To 'Anyone Willing To Pay A Fee'; Firm Known As 'Tested Green' Hawked 'Worthless Labels,' Agency Says

A company that called itself “Nonprofit Management LLC” and did business as “Tested Green” sold bogus environmental certifications and ramped up the deception by implying it was independently endorsed by the National Green Business Association and the National Association of Government Contractors, the FTC said. Not only were the environmental certifications bogus, the purported endorsements […]