Archive for May 2011

URGENT >> BULLETIN >> MOVING: Jury Recommends Death Penalty For E-Bullion Operator James Fayed

URGENT >> BULLETIN >> MOVING: Jury Recommends Death Penalty For E-Bullion Operator James Fayed

BULLETIN: The jury that returned the guilty verdict against James Fayed for the murder of his estranged wife in July 2008 has recommended the death penalty. James Fayed, 48, was found guilty May 19 in the murder-for-hire slaying of Pamela Fayed. On May 20, the penalty phase of the case began — and the jury […]

UPDATE: 8 More Women Charged In Michigan Cash-Gifting Probe, Bringing Total Since December To 15; BBB Releases Video That Adds To Prior Warning About ‘Thousands’ Of Gifting Scams Promoted Online

UPDATE: 8 More Women Charged In Michigan Cash-Gifting Probe, Bringing Total Since December To 15; BBB Releases Video That Adds To Prior Warning About 'Thousands' Of Gifting Scams Promoted Online

Just prior to Christmas last year, seven Michigan women were charged with felonies in an alleged cash-gifting pyramid scheme that targeted women. Now, just prior to Memorial Day, eight more women have been charged, bringing the total number of women charged to date to 15. The Michigan State Police said last year that gifting schemes […]

ILLINOIS MAN INDICTED: Edward L. Moskop Accused In Alleged Multmillion-Dollar Ripoff Of Elderly Couple, Friends, Relatives — And The Local VFW Post

ILLINOIS MAN INDICTED: Edward L. Moskop Accused In Alleged Multmillion-Dollar Ripoff Of Elderly Couple, Friends, Relatives -- And The Local VFW Post

In a criminal case that flowed from an SEC civil action, an Illinois man has been indicted on mail-fraud and money-laundering charges in a case that alleges he stole from elderly clients and the local Veterans of Foreign Wars Post. Edward L. Moskop, 63, of Belleville, originally was charged in November 2010 by the SEC, […]

BULLETIN: Feds Say Scott Rothstein IT Associates Created Fake Banking Website; Meanwhile, Attorney Authored Bogus Letter And Another Associate ‘Posed’ As Banker And Plaintiff In Nonexistent Cases

BULLETIN: Feds Say Scott Rothstein IT Associates Created Fake Banking Website; Meanwhile, Attorney Authored Bogus Letter And Another Associate 'Posed' As Banker And Plaintiff In Nonexistent Cases

BULLETIN: Four associates of jailed Ponzi schemer and disbarred attorney Scott Rothstein have been charged criminally by federal prosecutors in Florida with conspiracy to commit wire fraud. The new defendants include an attorney at Rothstein’s defunct Fort Lauderdale law firm, two IT employees of the firm and a Rothstein associate in the nightclub business. The […]

Club Asteria Members Posting On Ponzi Boards Turn Their Attention To ‘JSS Tripler’ Amid Claims Daily Payout Of 2 Percent ‘Indefinitely Sustainable’; ‘Bizarre Substatum’ Gets Crazier Yet

Club Asteria Members Posting On Ponzi Boards Turn Their Attention To 'JSS Tripler' Amid Claims Daily Payout Of 2 Percent 'Indefinitely Sustainable'; 'Bizarre Substatum' Gets Crazier Yet

We’ve previously noted that the Financial Industry Regulatory Authority (FINRA) has described the HYIP sphere as a “bizarre substratum of the Internet.” That substratum now is getting crazier yet. Three weeks ago, Club Asteria was a great darling of the Ponzi boards. But weekly payout rates that purportedly have been slashed — coupled with a […]

URGENT >> BULLETIN >> MOVING: Former NASDAQ Managing Director Charged Criminally, Sued Civilly In Insider-Trading Case; Donald L. Johnson Pleads Guilty To Criminal Securities Fraud Amid Allegations He Cherry-Picked Information While Serving As Stock-Exchange Gatekeeper

URGENT >> BULLETIN >> MOVING: Former NASDAQ Managing Director Charged Criminally, Sued Civilly In Insider-Trading Case; Donald L. Johnson Pleads Guilty To Criminal Securities Fraud Amid Allegations He Cherry-Picked Information While Serving As Stock-Exchange Gatekeeper

URGENT >> BULLETIN >> MOVING: A former managing director of the NASDAQ stock exchange has been charged by both the SEC and federal prosecutors in an insider-trading case. Donald L. Johnson, 56, of Ashburn, Va., already has pleaded guilty on the criminal side of things, the Justice Department said. For its part, the SEC said […]

PAT KILEY: ‘There Seems To Be Some Distortions’ In SEC Recordings Of Radio Show; Meanwhile, Accused Schemer Says Trevor Cook ‘Acted Like Pontius Pilate’

PAT KILEY: 'There Seems To Be Some Distortions' In SEC Recordings Of Radio Show; Meanwhile, Accused Schemer Says Trevor Cook 'Acted Like Pontius Pilate'

In pro se court filings, accused Minnesota schemer Pat Kiley says recordings of his radio show presented on CD for his examination and verification by the SEC in the civil case against him are unreliable. Meanwhile, Kiley described his civil co-defendant Trevor Cook as acting “like Pontius Pilate,” the Roman prefect many Christians believe authorized […]

Robert Miracle, One Of First Criminal Ponzi Defendants In Post-Madoff Era, Sentenced To 13 Years In Prison For Oil-And-Gas Scheme; Co-Defendants International Fugitives Wanted By INTERPOL

Robert Miracle, One Of First Criminal Ponzi Defendants In Post-Madoff Era, Sentenced To 13 Years In Prison For Oil-And-Gas Scheme; Co-Defendants International Fugitives Wanted By INTERPOL

Ponzi schemer Robert Miracle, who scammed investors in a $65.3 million oil-and-gas fraud operating in the Seattle area, knows he’ll bed down tonight in custody at the SeaTac Federal Detention Center in Washington state. His co-defendants, though, are less certain of their sleeping spots — and still have to worry about knocks at doors in […]

KABOOM! Is It Real — Or Is It The Feds? Agents Created ‘Payment Processor’ As Part Of Undercover Sting Designed To Infiltrate Corrupt Companies; 11 Bank Accounts And 10 Domain Names Seized; 3 Individuals, 2 Firms Indicted

KABOOM! Is It Real -- Or Is It The Feds? Agents Created 'Payment Processor' As Part Of Undercover Sting Designed To Infiltrate Corrupt Companies; 11 Bank Accounts And 10 Domain Names Seized; 3 Individuals, 2 Firms Indicted

Kaboom! In a move that may send shockwaves across the fraudulent HYIP, autosurf, sports-betting and “arbitrage” universes domestically and offshore, Maryland’s top federal prosecutor has released details of a two-year long undercover sting in which federal agents created a “payment processor” to infiltrate illegal gambling operations. Using methods straight out of the scammer’s playbook and […]

BULLETIN: Data Network Affiliates’ ‘Expert’ Was Convicted Felon Charged In Racketeering Case; New Flap Involving Anthony Sasso Emerging In Florida

BULLETIN: Data Network Affiliates' 'Expert' Was Convicted Felon Charged In Racketeering Case; New Flap Involving Anthony Sasso Emerging In Florida

BULLETIN: A man described as the data expert for an online MLM program that purported to pay participants for recording license-plate numbers to help the AMBER Alert program recover abducted children is a convicted felon who was arrested in a racketeering case brought by the Broward Sheriff’s Office as part of a sting operation in […]

DEVELOPING STORY: Purported Belgian Financial Firm That Used Acronym ‘LOFL’ May Be At Center Of International Mystery; Website Vanishes Amid Bizarre Circumstances After Flurry Of News Releases

DEVELOPING STORY: Purported Belgian Financial Firm That Used Acronym 'LOFL' May Be At Center Of International Mystery; Website Vanishes Amid Bizarre Circumstances After Flurry Of News Releases

DEVELOPING STORY: A financial firm purportedly headquartered in Belgium quickly may become a source of international intrigue as regulators seek to piece together clues to solve what appears to be an evolving mystery. For starters, the company — Landen Options and Futures — used the acronym LOFL on its website, according to search results accessible […]