Month: May 2012
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‘Sovereign’ Who Declared Himself ‘Governor’ Of Alabama And ‘Most Christian Prince’ Sentenced To 10 Years In Bizarre Tax Scheme; Monty Ervin’s Wife Also To Do Jail Stint
Monty Ervin, the self-styled “sovereign citizen” who declared himself “governor” of Alabama in its “original jurisdiction” and a “Most Christian Prince,” has been sentenced to 10 years in federal prison for his role in scheme that masked the ownership of real estate by placing it in the names of bogus trusts and relied on structured…
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DONATION POST: PP Blog Needs Your Help To Get Through June
Dear Readers, This is always the hardest post of the month — the one in which I ask for your continued help to get through the upcoming month. The need right now is on the order of $300. That sum would take the instant crisis out of play. It has not been easy keeping the…
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SEC: California Scammer Traded On Agency’s Name To Sanitize $60 Million Fraud And Ponzi Caper; John A. Geringer And GLR Capital Management Charged With Fraud Amid Allegations ‘Fund’ Claimed Handsome Return Before It Even Existed
“Geringer painted the picture of a successful fund weathering America’s financial crisis through a diversified, conservative investment strategy. The reality, however, was the complete opposite. Geringer lost millions of dollars in the market, tied up remaining investor funds in a pair of illiquid private companies, and lied about it in phony account statements.” — Marc…
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Joyous Dog’s Death ‘A Sign Of GOD Telling You To Stop Publishing Fear And Meaningless Accusations Once And For All,’ HYIP Apologist Claims
They’ll tell you that 2 percent a day (730 percent a year) is not too good to be true and that experts had performed “due diligence.” They’ll say their “program” is different from other schemes that either collapsed under their own weight or were brought down by the government. They’ll position themselves as free-market entrepreneurs,…
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RECOMMENDED READING: Keith Simmons Sentenced To 50 Years In Federal Prison For ‘Black Diamond’ Ponzi Scheme That Allegedly Sparked Second Ponzi And Offshore Tax Scam Through Entity Known As ‘Sovereign Grace Inc.’
Keith F. Simmons, whose monumentally bizarre Ponzi scheme put a North Carolina bank in harm’s way, has been sentenced to 50 years in federal prison. The Charlotte Observer was first with the story this afternoon. Simmons is 47. Among the allegations in case is that hucksters who’ve been charged both civilly and criminally conducted no…
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MADDY: 2008-2012: Wonderment, Joy, Optimism, Unqualified Love For Humanity
Dear Readers, My beloved Maddy died Friday. She’d been sick for three weeks. Maddy turned four on April 1 — the birthdate I assigned her. I don’t really know when Maddy actually was born. She was a shelter puppy, a gift from God presented to me by my worried family during some of the most…