Archive for May 18th, 2011

UPDATE: Renee Marie Brown, Sued By SEC Last Year In Mysterious ‘Fund X’ Scam, Now Faces Criminal Charges Of Securities Fraud, Wire Fraud And Money Laundering

UPDATE: Renee Marie Brown, Sued By SEC Last Year In Mysterious 'Fund X' Scam, Now Faces Criminal Charges Of Securities Fraud, Wire Fraud And Money Laundering

Renee Marie Brown, the Minnesota woman accused by the SEC last year of orchestrating a bizarre fraud known as “Fund X,” has been indicted on criminal charges of securities fraud, wire fraud and money laundering. Brown, 47, of Golden Valley, presided over a company known as Investors Income Fund X LLC, which the SEC described […]

UPDATE: Michael S. Goldberg, Ponzi Schemer Who Falsely Traded On Name Of JPMorgan Chase To Dupe Investors, Sentenced To 10 Years In Federal Prison; Caper Included Domain-Name Fraud To Give Investors False Sense Of Security

UPDATE: Michael S. Goldberg, Ponzi Schemer Who Falsely Traded On Name Of JPMorgan Chase To Dupe Investors, Sentenced To 10 Years In Federal Prison; Caper Included Domain-Name Fraud To Give Investors False Sense Of Security

Michael S. Goldberg, the Connecticut man who lured investors into bogus deals in part by creating websites that traded on the name of JPMorgan Chase Bank and other companies, has been sentenced to 10 years in federal prison. Goldberg, 40, stole more than $30 million from investors over a period of 12 years in a […]

UPDATE: Thanh-Viet ‘Jeremy’ Cao’s 30-Year Ponzi Sentence One Of Longest In Southern California History; Feds Say He Told Story About A ‘Chopped Up’ Infant And Threatened Victims With ‘Extreme Violence’

UPDATE: Thanh-Viet 'Jeremy' Cao's 30-Year Ponzi Sentence One Of Longest In Southern California History; Feds Say He Told Story About A 'Chopped Up' Infant And Threatened Victims With 'Extreme Violence'

Thanh-Viet “Jeremy” Cao, the California Ponzi schemer later accused in Nevada of filing fraudulent liens for enormous sums against public officials and identified by the Anti-Defamation League as a “sovereign citizen,” once threatened to torture and kill his business partner and the partner’s wife and family, federal prosecutors said. To keep victims in a state […]