Archive for May 11th, 2011

BULLETIN: FLORIDA — AGAIN (VIA NEW YORK): SEC Says Men Gathered $8 Million Through Lure Of Nonexistent IPO And ‘Contracts’ With Famous Companies; Angelo Cuomo And Recidivist George Garcy Of E-Z Media Inc. Charged With Securities Fraud

BULLETIN: FLORIDA -- AGAIN (VIA NEW YORK): SEC Says Men Gathered $8 Million Through Lure Of Nonexistent IPO And 'Contracts' With Famous Companies; Angelo Cuomo And Recidivist George Garcy Of E-Z Media Inc. Charged With Securities Fraud

BULLETIN: A recidivist securities offender in Florida and his business partner in New York have been charged by the SEC with fraud in a case that alleges they pumped an IPO that never happened. Charged in the civil case were George Garcy, 54, of Aventura, Fla., and Angelo Cuomo, 62, of Staten Island, N.Y. Garcy […]

URGENT >> BULLETIN >> MOVING: Raj Rajaratnam Guilty In Insider-Trading Case; Sentence Potentially Could Exceed Madoff’s 150 Years

URGENT >> BULLETIN >> MOVING: Raj Rajaratnam Guilty In Insider-Trading Case; Sentence Potentially Could Exceed Madoff's 150 Years

BULLETIN: Raj Rajaratnam has been found guilty of all 14 counts of conspiracy and securities fraud filed against him in the Galleon Group insider-trading case. The verdict came on the 12th day of jury deliberations. It deals a devastating blow to Rajaratnam, but is a major win for prosecutors. The case was brought by the […]

BULLETIN: Google Says Justice Department Is Investigating Its Advertising Program; Search Giant Sets Aside $500 Million, Notes ‘Potential Resolution’

BULLETIN: Google Says Justice Department Is Investigating Its Advertising Program; Search Giant Sets Aside $500 Million, Notes 'Potential Resolution'

DISCLOSURE: Until Jan. 9 of this year, the PP Blog displayed Google ads. See this post. BULLETIN: Google disclosed in a regulatory filing yesterday that its advertising program was under investigation by the U.S. Department of Justice. The company announced that it has taken a charge of $500 million “in connection with a potential resolution.” […]

Man, 85, Accused Of Selling Unregistered Securities In ‘Shipwreck’ Venture; Recidivist Huckster Hawked Sunken-Treasure Offer While Banned Because Of Previous Misconduct, BCSC Says

Man, 85, Accused Of Selling Unregistered Securities In 'Shipwreck' Venture; Recidivist Huckster Hawked Sunken-Treasure Offer While Banned Because Of Previous Misconduct, BCSC Says

Ten years ago, when John Arthur Roche McLoughlin was about 75 years old, the British Columbia Securities Commission accused him of selling unregistered securities in a venture known as Grandby Development Corp., a purported fertilizer company. BCSC imposed a five-year ban that prohibited McLoughlin from acting as a director or officer of any issuer. Because […]