BULLETIN: OLINT’S David A. Smith Pleads Guilty In $220 Million Ponzi Scheme; International Forex Caper Laundered $128 Million, Feds Say
BULLETIN: David A. Smith, who presided over a $220 million Forex fraud known as OLINT, has pleaded guilty in U.S. District Court for the Middle District of Florida. Smith, 41, is a citizen of Jamaica. He “executed a Ponzi scheme to defraud over 6,000 investors located in the Middle District of Florida and elsewhere out […]
FDA Chemist Cheng Yi Liang’s Very Bad Day: Busted By The Feds, Sued By The SEC For Trading On Information Lifted From Confidential Government Database
A chemist who works for the U.S. Food and Drug Administration has been charged criminally by federal prosecutors, arrested by federal agents in Maryland, sued by the SEC — and will go to bed tonight knowing his son has been arrested in the same case. Cheng Yi Liang, 56, of Gaithersburg, was accused of abusing […]
STATEMENT: Another Unusual Event At PP Blog
Yesterday, beginning at approximately 11:09 p.m., the PP Blog’s operations were affected by a swarm of sudden visitors. The swarm caused an outage that lasted for approximately 30 minutes. The vast majority of the visitors displayed non-U.S. IPs, and sought to pull a range of “old” stories or archived files. It is believed the event […]