FDIC, Georgia Authorities Shut Down Bank That Once Held Proceeds From Alleged ASD/Golden Panda Ad Builder Scheme
Bartow County Bank, which once held deposits tied to Golden Panda Ad Builder and the alleged AdSurfDaily Ponzi scheme, has failed in Georgia. The Georgia Department of Banking and Finance closed the small bank today and appointed the FDIC receiver. Bartow once held $644,266 linked to Golden Panda, federal prosecutors said in a December 2008 […]
BULLETIN: FTC Goes To Federal Court To Take Down Alleged Acai Berry Scam Operating On ‘Fake News Websites’; Some Domains Listed In Complaint Now Load Error Messages Or Blank Pages
BULLETIN: (Also see editor’s note below.) The Federal Trade Commission says a major law-enforcement initiative is under way to stop an acai-berry weight-loss scam that features “fake” news stories on websites that appear to be real media outlets but are really just sites that flog acai products. The agency appears to have filed at least […]
FEDS: Man Ran Theft Scheme From FTC Headquarters, Stealing More Than $218,000 From Consumer Watchdog Agency; Harold Hughes Faces Up To 10 Years In Prison After Guilty Plea
Two weeks after an employee of the U.S. Food and Drug Administration was accused of stealing confidential information from a government database to profit from illicit stock trades, another government employee accused in a separate case of taking advantage of his position to commit a crime has pleaded guilty. Harold Hughes, 58, of Arlington, Va., […]
BULLETIN: Corrupt MLMers Found Guilty Of Operating Pyramid Scheme And Stock Swindle; James A. Sweeney And Patrick M. Ryan Face Decades In Prison
BULLETIN: In a case that could have been taken from the MLM and security swindler’s playbook, James A. Sweeney and Patrick M. Ryan have been found guilty by a state jury in California of operating a pyramid scheme and stock fraud and stealing $8.2 million after soliciting business at “seminars.” The men face more than […]