New Count Of Loan-Sharking Filed Against Accused Ponzi Schemer
Already facing criminal Ponzi and loan-sharking charges in Massachusetts and a disgorgement order of at least $3.1 million in an SEC civil case brought him in April 2013, Steven Palladino faces a new hurdle: He has been arrested again for loan-sharking. That arrest came yesterday, according to the office of Suffolk County (Mass.) District Attorney […]
United Kingdom’s Financial Conduct Authority Issues Warning On SolidTrustPay, An HYIP Darling On The Ponzi Boards
UPDATED 3:33 P.M. EDT (U.S.A.) Thanks to PP Blog reader “Tony,” who first posted a link to the FCA warning in this story thread on how a Profitable Sunrise Facebook site was being used to promote TelexFree, an alleged pyramid scheme. In April 2013, the SEC described Profitable Sunrise as a murky offering fraud that […]