UPDATE: Sentencing For Legisi HYIP Operator Gregory McKnight Postponed Again Pending Depositions; Now Set For May 7
Sentencing for Gregory N. McKnight, the operator of the Legisi HYIP Ponzi scheme, has been postponed until May 7. McKnight had been scheduled to be sentenced today. The postponement marks at least the fourth in the case. McKnight pleaded guilty to wire fraud a year ago this month. The docket of the case in federal […]
Woman Sentenced To 80 Years In Texas State Prison For Felony Theft In Case That Flowed From Ponzi And Fraud Scheme
Karen Patricia Bowie, whom the SEC described in 2009 as a citizen of Canada who bought a house in Maine with fraud proceeds from the Titan Wealth Management LLC Ponzi scheme in Texas, has been sentenced to 80 years in Texas state prison. The Texas State Securities Board described Bowie, 61, as a “foreign notes […]
URGENT >> BULLETIN >> MOVING: Gary Calhoun, MPB Today Operator, Pleads Guilty To Racketeering Charge In Florida
URGENT >> BULLETIN >> MOVING: (UPDATED 1:06 P.M. ET U.S.A.) Gary Calhoun, the operator of the the MPB Today MLM “program” and a companion grocery-delivery business known as Southeastern Delivery, has pleaded guilty to a state-level racketeering charge in Florida. He was charged in December. Calhoun, 56, of Pensacola, was not immediately sentenced. But he […]
Judge Orders More Than $22.8 Million In Penalties, Restitution For Trader’s International Return Network (TIRN); ‘Program’ Was Pitched On Ponzi Boards
David Merrick, the operator of Trader’s International Return Network (TIRN) fraud scheme, already is serving a TIRN-related, 97-month prison sentence for conspiracy to commit wire fraud, money laundering, and securities fraud, plus one count of money laundering. And now a federal judge has imposed addition sanctions, ordering Merrick and TIRN — a presence on Ponzi […]