Archive for January 5th, 2012

Missouri Investigators Say Senior Citizens — Ages 91, 88 And 79 — Among Victims Swindled By Unregistered Dealer In Fraud Scheme That Diverted Money To ‘Hooters’ Waitresses

Missouri Investigators Say Senior Citizens -- Ages 91, 88 And 79 -- Among Victims Swindled By Unregistered Dealer In Fraud Scheme That Diverted Money To 'Hooters' Waitresses

Three senior citizens — including a 91-year-old Pennsylvania resident and 88- and 79-year-old  residents of Missouri — were fleeced in an investment scheme in which $10,000 was diverted to “three waitresses at a Hooters restaurant and one clerk at another retail establishment,” Missouri investigators said. All in all, the long-running scheme fetched at least $948,000, […]

ANOTHER MYTH-BUSTER: Accused California Fraudster Arrested/Deported By Panama And Returned To United States On New Year’s Eve; Joseph Randall Medcalf Faces Federal Trial In Alleged $3.2 Million Investment Scheme

ANOTHER MYTH-BUSTER: Accused California Fraudster Arrested/Deported By Panama And Returned To United States On New Year's Eve; Joseph Randall Medcalf Faces Federal Trial In Alleged $3.2 Million Investment Scheme

“You can run, but you can’t hide. International cooperation in the pursuit of fugitives is essential as we combat complex financial crimes. Mr. Medcalf is the latest in a long list of fugitives who have been brought back to the United States to face justice. My office is grateful to the authorities in Panama for […]

SEC Names 3 Defendants In Alleged $16 Million Credit-Card ‘Merchant Portfolio’ Ponzi Scheme Targeted At Mormons; Records Show Schemes Within Schemes Dating Back Years

SEC Names 3 Defendants In Alleged $16 Million Credit-Card 'Merchant Portfolio' Ponzi Scheme Targeted At Mormons; Records Show Schemes Within Schemes Dating Back Years

EDITOR’S NOTE: If you’re keeping a Bubba Blue notebook on how to have a Ponzi scheme as opposed to shrimp, here is an entry: an alleged “merchant portfolio” Ponzi scheme. Ponzi and fraud schemes often use impressive-sounding terminology to separate people from their money. Schemes typically mushroom to consume millions of dollars when investors — […]