Archive for May 21st, 2011

FLASH: Missouri Regulators Say Pet-Food Firm Sold Unregistered Securities In State And Now Is Raising Funds In California Under Different Name To Pay Back Investors

FLASH: Missouri Regulators Say Pet-Food Firm Sold Unregistered Securities In State And Now Is Raising Funds In California Under Different Name To Pay Back Investors

FLASH: In a complicated case unfolding in Missouri, regulators say pet-food firms operated by Frank RenickĀ sold unregistered securities in the state under one set of names and that Renick is raising funds under a different corporate name through a California “cloud” office to pay back investors. Renick’s actual presence in California was a virtual office […]

PROSECUTORS: California Man Hatched Ponzi Scheme And ‘Trust’ Scams — And Ripped Off His Elderly Mother’s Social Security Benefits After She Went Missing

PROSECUTORS: California Man Hatched Ponzi Scheme And 'Trust' Scams -- And Ripped Off His Elderly Mother's Social Security Benefits After She Went Missing

A California man has pleaded guilty to hatching a real-estate Ponzi scheme, transferring a property acquired in the scheme to two “trust” accounts and cherry-picking his 82-year-old mother’s Social Security benefits after she went missing in January 2009. William Warren Baker, 59, of Laguna Nigel, now faces up to 10 years in state prison, prosecutors […]