Archive for May 27th, 2011

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 […]