Archive for July 2011

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 […]

Senior Who Swindled Seniors In $18 Million Ponzi Scheme Sentenced To 108 Months In Federal Prison; Case Sends Message To ‘Con Artists,’ Top Federal Prosecutor Says

Senior Who Swindled Seniors In $18 Million Ponzi Scheme Sentenced To 108 Months In Federal Prison; Case Sends Message To 'Con Artists,' Top Federal Prosecutor Says

Louis J. Borstelmann, a California senior citizen who swindled “elderly and retired” investors in Oregon and elsewhere in an $18 million Ponzi scheme, has been sentenced in Oregon to 108 months in federal prison, prosecutors said. Borstelmann is 69. Most of his victims resided in the area of Florence, Ore., although others hailed from Hawaii, […]

FEDS: Texas Man Who Attacked U.S. Marshal With Razor Blade In Courthouse Later Attacked Federal Prosecutor In Courtroom; Jose Garcia Jr. To Spend 28 Years In Prison

FEDS: Texas Man Who Attacked U.S. Marshal With Razor Blade In Courthouse Later Attacked Federal Prosecutor In Courtroom; Jose Garcia Jr. To Spend 28 Years In Prison

A Texas man who pleaded guilty to charges of attempting to kill a deputy U.S. Marshal with a razor blade later assaulted a federal prosecutor, authorities said. In May 2009, Jose Garcia Jr. was being led into a federal courtroom in McAllen to face allegations that he had violated the conditions of his probation. As […]

Bowdoin’s Purported Fundraising ‘Army’ Misses ‘Revised’ Launch Date; Site Now Advertises ‘Final Revised Launch Date’ Of July 26

Bowdoin's Purported Fundraising 'Army' Misses 'Revised' Launch Date; Site Now Advertises 'Final Revised Launch Date' Of July 26

A website that says it is raising “required” defense funds for accused Ponzi schemer Andy Bowdoin of AdSurfDaily now has missed its second launch date and claims it is working on a third. Dubbed “Andy’s Fundraising Army,” the site first advertised a launch date of “on or before” July 15. It then advertised a “revised” […]

URGENT >> BULLETIN >> MOVING: Pat Kiley, Jason Bo-Alan Beckman, Gerald Durand Indicted In Trevor Cook Ponzi

URGENT >> BULLETIN >> MOVING: Pat Kiley, Jason Bo-Alan Beckman, Gerald Durand Indicted In Trevor Cook Ponzi

URGENT >> BULLETIN >> MOVING: UPDATED 7:02 P.M. EDT (U.S.A.) Former radio host Pat Kiley and two others have been indicted criminally in the $194 million Trevor Cook Ponzi scheme, federal prosecutors in Minnesota said this afternoon. The others are Jason Bo-Alan Beckman, 41, and Gerald Joseph Durand, 60. Kiley is 73.  He formerly hosted […]

KABOOM! 16 Arrested In Alleged DDoS Attack Against PayPal; FBI Executes 35 Search Warrants ‘Throughout The United States’ In Cybercrime Probes

KABOOM! 16 Arrested In Alleged DDoS Attack Against PayPal; FBI Executes 35 Search Warrants 'Throughout The United States' In Cybercrime Probes

EDITOR’S NOTE: Having experienced DDoS attacks that crippled our ability to publish and inform readers, researchers and victims of Ponzi schemes, pyramid schemes and other forms of fraud about investigations, arrests and court cases, the PP Blog is not sympathetic to the points of view of the attackers and their apologists. Readers and researchers have […]

Jon Jason Greco Pleads Guilty To Making False Statement In Trevor Cook Ponzi Case

Jon Jason Greco Pleads Guilty To Making False Statement In Trevor Cook Ponzi Case

Jon Jason Greco, 40, of Minneapolis, has pleaded guilty to making a false and material statement in the Trevor Cook Ponzi scheme. He faces up to five years in federal prison. A sentencing date has not been scheduled. Greco came into possession of loot from the scheme after its 2009 collapse, stashing it in a […]

BULLETIN: Mark D. Leitner Faces Up To 13 More Years In Federal Prison After Pleading Guilty To Filing False Liens For Tens Of Billions Of Dollars Against Public Officials

BULLETIN: Mark D. Leitner Faces Up To 13 More Years In Federal Prison After Pleading Guilty To Filing False Liens For Tens Of Billions Of Dollars Against Public Officials

Already a federal prisoner in a tax case, Mark D. Leitner has pleaded guilty in federal court in Florida to charges he filed bogus “maritime” liens for tens of billions of dollars against a former U.S. Attorney, “numerous” Assistant U.S. Attorneys, a former court clerk and a criminal investigator for the IRS. Leitner sought $48.489 […]

BULLETIN: Vincent McCrudden Pleads Guilty To Threatening Regulators, Government Officials

BULLETIN: Vincent McCrudden Pleads Guilty To Threatening Regulators, Government Officials

BULLETIN: Vincent McCrudden, who was arrested in January amid allegations he threatened to kill 47 regulators and government officials, has pleaded guilty to two counts of transmitting threats to kill. McCrudden, 50, faces up to 10 years in prison. He has been jailed since his arrest in New Jersey. “Mr. McCrudden made bone-chilling and graphic […]

Effort To Raise Funds To Stone ‘Goliath’ With $50 ‘Rocks’ In Federal Court Apparently Delayed Owing To Need To Perform More ‘Testing’

Effort To Raise Funds To Stone 'Goliath' With $50 'Rocks' In Federal Court Apparently Delayed Owing To Need To Perform More 'Testing'

“David” apparently needs five more days of “testing” before he can equip himself properly to stone “Goliath” with $50 “rocks” in federal court. A fundraising website for accused felon and MLM huckster Thomas A. “Andy” Bowdoin missed its advertised launch date Friday. Bowdoin, 76, was positioned as “David” on a “temporary” site that advertised his […]

URGENT >> BULLETIN >> MOVING: KABOOM! Feds, SEC, CFTC Move Against Alleged U.S. Huckster Who Ran Forex Ponzi Scheme From Panama And Fled To Peru; Self-Styled ‘Christian’ Jeffery A. Lowrance Registered Business In New Zealand And Routed Ponzi Payments To And From The Netherlands, Officials Say

URGENT >> BULLETIN >> MOVING: KABOOM! Feds, SEC, CFTC Move Against Alleged U.S. Huckster Who Ran Forex Ponzi Scheme From Panama And Fled To Peru; Self-Styled 'Christian' Jeffery A. Lowrance Registered Business In New Zealand And Routed Ponzi Payments To And From The Netherlands, Officials Say

URGENT >> BULLETIN >> MOVING: A U.S. citizen who told investors he was a “Christian” who shared their political philosophy of “limited government” ripped off hundreds of people in a $21 million Forex Ponzi scheme involving “fictitious trading,” used some of the cash to start an alternative newspaper, preyed on followers of U.S. Rep. Ron […]