Archive for July 22nd, 2011

PICTURE STORY: 2008 PDF Promo For ASD Claimed Google, Pepsi, Starbucks, Quiznos And Other Famous Companies Were ASD Advertisers: Is Cropped Image In Promo From Same Original Of Bowdoin That Appears On ‘Andy’s Army’ Fundraising Site?

PICTURE STORY: 2008 PDF Promo For ASD Claimed Google, Pepsi, Starbucks, Quiznos And Other Famous Companies Were ASD Advertisers: Is Cropped Image In Promo From Same Original Of Bowdoin That Appears On 'Andy's Army' Fundraising Site?

Do a purported fundraising site for accused Ponzi schemer Andy Bowdoin and a 2008 promo for AdSurfDaily that claimed famous companies had hopped aboard the ASD train have anything in common? The fundraising site, which has missed two advertised launch dates this month, uses this photo of Bowdoin: The 2008 promo for ASD, which appeared […]

Recidivist Huckster, 63, Found Guilty In $30 Million Ponzi Scheme Based In Colorado; Philip R. Lochmiller Sr. Wiped Out Investors After Earlier Serving 3 Years In California Prison For Securities Fraud

Recidivist Huckster, 63, Found Guilty In $30 Million Ponzi Scheme Based In Colorado; Philip R. Lochmiller Sr. Wiped Out Investors After Earlier Serving 3 Years In California Prison For Securities Fraud

UPDATED 8:57 P.M. EDT (U.S.A.) Philip R. Lochmiller Sr., 63, has been found guilty of money-laundering, mail fraud and conspiracy in federal court in Colorado. The jury returned the verdict in three hours, after a 10-day trial, the office of U.S. Attorney John Walsh of the District of Colorado said. Lochmiller spent three years in […]

BULLETIN: Las Vegas Man, 70, Arrested In Alleged Ponzi Scheme Targeting Fellow Senior Citizens; Hans P. Seibt Booked Into Clark County Jail; State Charges Him With 25 Counts Of Securities Fraud, 6 Counts Of Theft

BULLETIN: Las Vegas Man, 70, Arrested In Alleged Ponzi Scheme Targeting Fellow Senior Citizens; Hans P. Seibt Booked Into Clark County Jail; State Charges Him With 25 Counts Of Securities Fraud, 6 Counts Of Theft

BULLETIN: The Ponzi cavalcade involving senior citizens continues . . . Nevada state authorities have arrested Hans P. Seibt of Las Vegas on Ponzi charges. He specifically was charged under state law with 25 counts of securities fraud and six counts of theft, amid allegations he targeted senior citizens. At 70, Seibt himself is a […]

BULLETIN: Church Pastor Accused Of Running Forex Ponzi And Fraud Scheme Ordered To Pay More Than $2 Million; Jeremiah C. Yancy Promised Monthly Returns Of 40 Percent And Told Customers His Firm Managed Funds For ‘Orphanages,’ Judge Says

BULLETIN: Church Pastor Accused Of Running Forex Ponzi And Fraud Scheme Ordered To Pay More Than $2 Million; Jeremiah C. Yancy Promised Monthly Returns Of 40 Percent And Told Customers His Firm Managed Funds For 'Orphanages,' Judge Says

BULLETIN: A federal judge in Texas has ordered the former pastor of an Idaho church and his firm to pay more than $2 million in restitution and penalties in a Forex Ponzi scheme that affected 64 customers, including church members allegedly targeted in the preacher’s scam. The order, which was entered by consent, applies to […]