Archive for November 1st, 2012

UPDATE: Judge Grants Zeek Receiver’s Request To Treat Preliminary Liquidation Plan As Ponzi Case’s First Status Report

Senior U.S. District Judge Graham C. Mullen has granted the request of the receiver in the Zeek Rewards Ponzi scheme case to treat the preliminary liquidation plan filed Oct. 8 as the first status report in the case. Receiver Kenneth B. Bell said earlier this week in court filings that the request, if granted, would […]

76-Year-Old Texas Scammer Who Ran Ponzi Scheme While Awaiting Trial In Earlier Fraud Case Sentenced To 10 Years In Federal Prison

76-Year-Old Texas Scammer Who Ran Ponzi Scheme While Awaiting Trial In Earlier Fraud Case Sentenced To 10 Years In Federal Prison

First, Robert Hague-Rogers, 76, of Frisco, Texas, stole funds from pension plans, prosecutors said. Hague-Rogers operated Dallas-based HR Financial Services and HR Sales and Marketing, both of which were in the insurance business, prosecutors said. In February 2011, he was indicted on charges of directing “money transfers and cash withdrawals from and between himself and […]

SEC Issues Investor Alert: ‘Be On The Lookout For Investment Scams Related To Hurricane Sandy,’ Agency Says

SEC Issues Investor Alert: 'Be On The Lookout For Investment Scams Related To Hurricane Sandy,' Agency Says

Hurricane Sandy pounded New Jersey, New York and other parts of the eastern United States this week. The New York Daily News, via the Associated Press, reported today that the storm’s death toll has reached 74 in the United States.  Reuters is reporting the death toll in “North America” has reached “at least 82.” The […]