Archive for October 2012

BULLETIN: First Round Consisting Of 1,200 Subpoenas Will Go Out This Week To Zeek ‘Affiliates Who Profited Most,’ Receiver Says; More Subpoenas Will Follow; Winners Also Will Receive ‘Letter Offering To Negotiate Voluntary Surrender Of Profits’

BULLETIN: First Round Consisting Of 1,200 Subpoenas Will Go Out This Week To Zeek 'Affiliates Who Profited Most,' Receiver Says; More Subpoenas Will Follow; Winners Also Will Receive 'Letter Offering To Negotiate Voluntary Surrender Of Profits'

UPDATED: 7:08 P.M. EDT (U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi scheme case has announced that about 1,200 subpoenas will go out this week to “affiliates who profited most from ZeekRewards.” It’s “victims’ money, really,” receiver Kenneth D. Bell said in a letter posted on the receivership website. “The subpoenas ask for financial […]

UPDATE: As Proposed Money-Saving Measure, Zeek Receiver Asks Judge To Treat Oct. 8 Preliminary Liquidation Plan As Status Report; Meanwhile, Yet Another Zeek Member Declares Herself A Fraud Victim

UPDATE: As Proposed Money-Saving Measure, Zeek Receiver Asks Judge To Treat Oct. 8 Preliminary Liquidation Plan As Status Report; Meanwhile, Yet Another Zeek Member Declares Herself A Fraud Victim

UPDATED 8:26 A.M. EDT (OCT. 31, U.S.A.) Saying it would save money, the court-appointed receiver in the Zeek Rewards Ponzi scheme case has asked a federal judge to treat the receiver’s Oct. 8 preliminary liquidation plan as a status report. (See Oct. 9 PP Blog story.) Separately, yet another Zeek member has declared herself a […]

[OCTOBER DONATION POST]: PP Blog At Risk Of Suspending Publication, Owing To Lack Of Funds

Dear Readers, UPDATED 1:33 P.M. EDT (OCT. 25, U.S.A.) Please note: This post originally was published Saturday (Sept. 29) in this spot and has been republished several other times here. We changed the headline because the need has become dire and the absence of funds puts the Blog at risk of suspending publication by Oct. […]

FEDS: Man Tried To Scam Zuckerberg, Facebook Out Of Billions ‘By Marching Into Federal Court For A Quick Payday Based On A Blatant Forgery’

FEDS: Man Tried To Scam Zuckerberg, Facebook Out Of Billions 'By Marching Into Federal Court For A Quick Payday Based On A Blatant Forgery'

A New York man tried to scam Mark Zuckerberg and Facebook out of billions of dollars by forging documents and filing a lawsuit to make it appear as though Zuckerberg had promised him a 50 percent share of the company, prosecutors said. Paul Ceglia, 39, of Wellsville, was arrested this morning after an investigation by […]

SOBERING: Cyber Criminals May Be Responsible For ‘The Greatest Transfer Of Wealth In History,’ Top Justice Department Official Says At Seattle Conference

SOBERING: Cyber Criminals May Be Responsible For 'The Greatest Transfer Of Wealth In History,' Top Justice Department Official Says At Seattle Conference

“The Intelligence Community’s most recent Worldwide Threat Assessment confirms that U.S. networks have already been subject to ‘extensive illicit intrusions.’ The head of the National Security Agency and the Pentagon’s Cyber Command, for one, believes such intrusions may have resulted in ‘the greatest transfer of wealth in history.’” — Lisa Monaco, Assistant Attorney General for […]

BULLETIN: Feds Charge Former Parole Officer, Saying She Facilitated Texas Swindler In ‘Massive Scheme To Defraud Investors’

BULLETIN: Feds Charge Former Parole Officer, Saying She Facilitated Texas Swindler In 'Massive Scheme To Defraud Investors'

BULLETIN: A former Texas Department of Criminal Justice parole officer has been accused of honest services wire fraud and federal programs bribery, amid allegations she developed an “improper relationship” with one of her “assigned parolees” and enabled him to pull off a massive oil-and-gas swindle. Nichelle Derricks, 37, of Cedar Hill, Texas, “secretly used her […]

STRANGE EVENTS IN GEORGIA: Purported ‘Sovereign Citizen’ Reportedly Denies There Are ‘Victims’ — Even After He Allegedly Stole $13 Million Shopping Center In Fake-Deeds Caper; [UPDATED WITH NEWS OF ACQUITTAL]; Meanwhile, Craigslist Ad Reportedly Leads To Stripping Of Foreclosed Home

STRANGE EVENTS IN GEORGIA: Purported 'Sovereign Citizen' Reportedly Denies There Are 'Victims' -- Even After He Allegedly Stole $13 Million Shopping Center In Fake-Deeds Caper; [UPDATED WITH NEWS OF ACQUITTAL]; Meanwhile, Craigslist Ad Reportedly Leads To Stripping Of Foreclosed Home

UPDATED 3:37 P.M. AND 3:49 P.M. EDT (OCT. 25, USA) 3:37 P.M. UPDATE: The Atlanta Journal Constitution is reporting that Eliyshuwa Yisrael and two other purported “sovereign citizens” were acquitted today. 3:49 P.M. UPDATE: WSBTV.com also is reporting today’s acquittal. Our earlier story is below . . . ** _________________________________ ** In some areas of […]

TIMES OF INDIA: Accused Ponzi Schemer Allegedly Became Target Of Kidnapping Plot And Was Held By ‘Armed Men’

TIMES OF INDIA: Accused Ponzi Schemer Allegedly Became Target Of Kidnapping Plot And Was Held By 'Armed Men'

The Times of India is reporting that accused Ponzi schemer Imtiyaz Hussain Saiyad allegedly was kidnapped by three people who wanted their money back and “held for over a week” by “armed men” before being rescued by police. Such schemes are not unprecedented in scam land. The PP Blog reported in February 2010 that three […]

Ohio Man Who Swindled Investors In High-Yield T-Bill Scam Found Guilty Of 11 Felonies; Sentencing For Isaac J. Castile III Set For Nov. 19

Ohio Man Who Swindled Investors In High-Yield T-Bill Scam Found Guilty Of 11 Felonies; Sentencing For Isaac J. Castile III Set For Nov. 19

UPDATED 3:15 P.M. EDT (U.S.A.) Isaac J. Castile III of Reynoldsburg, Ohio, has been found guilty of 11 felonies in a securities swindle that promised annual returns of 100 percent, the Ohio Department of Commerce Division of Securities announced today. A Franklin County jury returned the verdicts after a four-day trial, the agency said. Castile, […]

2 South Florida Sisters Charged In Alleged Ponzi Caper Reportedly Married To Foreclosure-Rescue Businesses

2 South Florida Sisters Charged In Alleged Ponzi Caper Reportedly Married To Foreclosure-Rescue Businesses

South Florida sisters Odalis Freixa and Marisela Gamez are listed as inmates held by the Miami-Dade Corrections and Rehabilitation Department on charges of grand theft, organized scheme to defraud and conspiracy. Freixa is 48, according to jail records. Gamez is 49. Citing Miami-Dade Police documents, NBCMiami is reporting that investigators believe the alleged scam was […]

‘.44 Magnum’ Investment Scheme Was Year-Long Fraud That Fetched $5.77 Million, SEC Says; Defendant Blames It On ‘One-Eyed Man'; ‘Call Girls’ Purportedly Received 848K; 3 Charged In Alleged Swindle That May Set New Standard For The Bizarre

'.44 Magnum' Investment Scheme Was Year-Long Fraud That Fetched $5.77 Million, SEC Says; Defendant Blames It On 'One-Eyed Man'; 'Call Girls' Purportedly Received 848K; 3 Charged In Alleged Swindle That May Set New Standard For The Bizarre

EDITOR’S NOTE: Would such a tale as summarized in the headline above and story below even sell as fiction in the bookstores and movie houses? Whether your answer is yes or no, the practical reality is that it apparently has become possible in America to gather millions of dollars from at least 70 domestic and […]