Archive for December 2011

BULLETIN: Steven Salutric, Illinois Man Accused By SEC Last Year Of Stealing From 96-Year-Old Nursing Home Patient With Dementia, Now Charged Criminally

BULLETIN: Steven Salutric, Illinois Man Accused By SEC Last Year Of Stealing From 96-Year-Old Nursing Home Patient With Dementia, Now Charged Criminally

BULLETIN: Federal prosecutors in the Northern District of Illinois have charged Steven W. Salutric with wire fraud, the office of U.S. Attorney Patrick J. Fitzgerald said. Salutric, 53, of Carol Stream, initially was charged civilly by the SEC in January 2010, amid shocking allegations that, to keep his Ponzi and fraud scheme afloat, he stole […]

UPDATE: Jeffery Groendyke, Figure In CFTC Ponzi Case Filed Civilly In May, Pleads Guilty To Criminal Charge Of Wire Fraud After FBI Probe

UPDATE: Jeffery Groendyke, Figure In CFTC Ponzi Case Filed Civilly In May, Pleads Guilty To Criminal Charge Of Wire Fraud After FBI Probe

UPDATE: Jeffery (also cited as “Jeffrey”) L. Groendyke, the Michigan man ordered by a federal judge earlier this month to pay nearly $1.4 million in restitution and penalties in a Forex Ponzi case brought civilly by the CFTC, now has pleaded guilty to a criminal charge of wire fraud, federal prosecutors in the Western District […]

UPDATE: ‘OneX’ Site Pushed By AdSurfDaily President Andy Bowdoin Will Not Resolve To Server; Conference-Call Talker Identified As ‘J.C.’ Assures Listeners That God Is On Board The OneX Train And That A ‘Paved Road’ Is In Firm’s Future

UPDATE: 'OneX' Site Pushed By AdSurfDaily President Andy Bowdoin Will Not Resolve To Server; Conference-Call Talker Identified As 'J.C.' Assures Listeners That God Is On Board The OneX Train And That A 'Paved Road' Is In Firm's Future

UPDATED 6:59 A.M. ET (DEC.29, U.S.A.): The OneX site now is resolving to a server, although the site still appears to be down. (UPDATE 6:25 P.M. ET DEC. 29: The OneX site now appears to be back online after an absence of days. Whether is is fully functional is unclear.) Web data now suggest OneX […]

UPDATE: Text Cash Network Creates Even More Name Confusion With ‘ASSIGNMENT’ Clause That Appeared On ‘Purchase Agreement’ Page

UPDATE: Text Cash Network Creates Even More Name Confusion With 'ASSIGNMENT' Clause That Appeared On 'Purchase Agreement' Page

Some affiliates have claimed Text Cash Network (TCN) is part of a company known as “The Johnson Group.” Others have added an ampersand and mimicked the name of an internationally famous company, saying TCN is part of the “Johnson & Johnson Group.” Although photos appear online that show the name “TEXT CASH NETWORK” in large […]

UPDATE: ‘OneX,’ Mysterious Site Pushed By ASD’s Andy Bowdoin, Has Been Offline For Days

UPDATE: 'OneX,' Mysterious Site Pushed By ASD's Andy Bowdoin, Has Been Offline For Days

UPDATE: “OneX,” the mysterious “program” AdSurfDaily President Andy Bowdoin claimed in October would pay for his criminal defense and help former ASD members “earn $99,000 very quickly,” has been offline for days. The reason for the extended outage, which coincided with the run-up to the holidays and now has extended beyond Christmas, is unclear. Messages […]

DONATION (RE)POST: The Ponzi/Fraud Scourge Continues

Dear Readers, In Italics below is a repost of our Dec. 15 donation post. Hate to pass the hat again so soon, but we’re at the edge of an abyss and are still short . . . We’re midway through December [reposted Dec. 25, Christmas night] and are facing the challenge of carving out a […]

REPORTS: FBI Arrests Purported ‘Sovereign Citizen’ And Fugitive Shawn Rice After Arizona Standoff

REPORTS: FBI Arrests Purported 'Sovereign Citizen' And Fugitive Shawn Rice After Arizona Standoff

Shawn Rice, a purported “sovereign citizen” the FBI described in March 2011 as a “fugitive,” has been arrested in Seligman, Ariz. The Arizona Republic is reporting that the arrest occurred at 5:30 p.m. local time yesterday after a standoff that ended peacefully after negotiations with Rice, who had barricaded himself inside a house. Rice, whom […]

STATEMENT: ‘Swarm’ Affects PP Blog Publishing Operations

STATEMENT: 'Swarm' Affects PP Blog Publishing Operations

STATEMENT: At approximately 8:33 a.m. today, a sudden swarm of international traffic affected the PP Blog’s server and its publishing operations. Like previous unusual incidents, the swarm consisted almost entirely of international IPs, many of which were recording their first “visit” to the Blog. This morning’s swarm appears to have been almost exclusively targeted at […]

EDITORIAL: The Deeply Disturbing Attack On The Federal Trade Commission, A Public Official And The Court-Appointed Receiver In The Jeremy Johnson/IWorks Fraud Case

EDITORIAL: The Deeply Disturbing Attack On The Federal Trade Commission, A Public Official And The Court-Appointed Receiver In The Jeremy Johnson/IWorks Fraud Case

EDITOR’S NOTE: This story originally was published Dec. 22, 2011, 10:41 a.m. It was updated at 8:11 a.m. on Dec. 23, 2011. The PP Blog temporarily “unpublished” the story on March 23, 2012. Explanation of why it was taken offline temporarily is here. On March 23, 2012, the PP Blog’s security software recorded a “mass […]

BULLETIN: SEC Charges 2 Executives Of Purported Clean-Coal Firm In Alleged $43 Million Offering Fraud; 1 Of Them Has Conviction For Bank Fraud And Was Arrested Dec. 1 Amid Allegations He Was Flogging New Offer In Violation Of Plea Agreement

BULLETIN: SEC Charges 2 Executives Of Purported Clean-Coal Firm In Alleged $43 Million Offering Fraud; 1 Of Them Has Conviction For Bank Fraud And Was Arrested Dec. 1 Amid Allegations He Was Flogging New Offer In Violation Of Plea Agreement

BULLETIN: The SEC has gone to federal court in Minnesota, alleging that two executives of a clean-coal tech firm repeatedly lied to investors and that one of the executives had a conviction for bank fraud — a fact not disclosed to investors when the company was trawling for cash and using unregistered brokers to do […]

BULLETIN: First, Notre Dame’s ‘Rudy’ — Now, Willie Gault Of The ‘Super Bowl Shuffle’ Chicago Bears; SEC Charges Former NFL Wide Receiver In Alleged Stock Caper; Feds Arrest Lawyer

BULLETIN: First, Notre Dame's 'Rudy' -- Now, Willie Gault Of The 'Super Bowl Shuffle' Chicago Bears; SEC Charges Former NFL Wide Receiver In Alleged Stock Caper; Feds Arrest Lawyer

BULLETIN: The SEC has gone to federal court in the Central District of California to charge former U.S. Olympian and NFL wide receiver Willie Gault in an alleged stock scheme involving Heart Tronics Inc. Gault, 51, was a member of the 1980 U.S. Olympic Team that boycotted the summer games in Moscow. He later played […]