‘Minister Of The Gospel’ Accused Of Offering Undercover Agent Discount To Join ‘Secret’ HYIP Program Found Guilty Of Wire Fraud And Conspiracy

onciuEDITOR’S NOTE: It doesn’t come any crazier than HYIP prime-bank schemes. This is another example . . .

UPDATED 7:47 P.M. ET (U.S.A.) Moses Onciu, a self-styled “Minister of the Gospel” and director of David and Goliath International Ministries Inc. of Fountain Hills, Ariz., has been found guilty in federal court in California of HYIP-related criminal charges. (Wire fraud and conspiracy.)

Onciu appears yesterday to have personally announced the guilty verdicts against him on a subdomain of a website styled DIYTrade that may operate from Hong Kong. On DIYTrade, Onciu promotes an Arizona company known as Allied Petroleum LLC, which claims to be “a Christian based company that believes in Jesus Christ as Lord, His virgin birth and his death and resurrection. We espouse the principles of Godly business practices and believe that God has given clear direction to those that truly wish to walk upright in their life and business.”

OCWeekly, a publication in Orange County, Calif., first reported the news of the Onciu guilty verdicts on Oct. 24. PonziClawbacks.com picked up the story on the same day.

How things will proceed at Allied Petroleum is unclear, given that Onciu was indicted in 2008 as part of what federal prosecutors called an “undercover investigation into fraudulent high yield investment schemes” and now has been found guilty. As part of the sting, the FBI created an “undercover entity (UCE) in Newport Beach, California that purported to be a financial advisory firm,” according to the indictment.

Undercover agents posed either as “partners of the UCE seeking to invest their own funds or as wealthy clients of the UCE seeking to invest substantial monies,” according to the indictment.

Onciu was accused in the indictment of pumping a “select, secret” HYIP that “would yield a 300% to 650% return in 30 to 45 days at no risk.”

Along the way, according to the indictment, a Onciu co-defendant named Irene Pemkova of Las Vegas explained that David and Goliath was a “humanitarian foundation under the Central Intelligence Agency (CIA) umbrella” and that Onciu was a “former, highly placed CIA officer.”

In an allegation similar to allegations in the Profitable Sunrise HYIP case brought by the SEC earlier this year, the 2008 indictment alleged that Pemkova asserted that a “humanitarian project was required for entry into the program.”

Onciu, meanwhile, told an undercover agent during a conference call in December 2006 that he “usually doesn’t do transactions of less than $100 million” and that “making a return of 100% a month is not abnormal,” according to the indictment.

With an undercover agent on the line, Onciu asserted that his role was to provide the required “humanitarian element” and that the “program is highly confidential and the government does not want people talking about such programs,” according to the indictment.

Onciu also offered to reduce his fee, as a means of inducing the undercover agent to join the program, according to the indictment.

During the same 2006 time period, Onciu co-defendant Beata Gizella Priore of Glen Head, N.Y., spoke on the phone with an undercover agent and purported to be in Europe, according to the indictment.

Priore told the agent that a “client of hers invested $1 million in the program and made a return of $6.5 million,” according to the indictment. Priore, who has pleaded guilty, later had a personal meeting with the undercover agent.

Among other things, New York resident Priore asserted she was “calling from the trading group in Frankfurt,” had been in the HYIP business for seven years and that the “program required a minimum investment of $1 million,” according to the indictment.

Records in New York show that a person by the same name in the same town was disciplined by the state Office of the Professions in 1998 after admitting to “having been convicted of Criminal Possession of a Controlled Substance in the Fourth Degree.” The profession was identified as “Certified Dietitian and Certified Nutritionist.”

In the Nov. 4 web post, Onciu appears to be claiming that Priore’s surprise  guilty plea in the 2008 HYIP case undercut his defense and that Pemkova created a false narrative that he was a CIA operative, thus subjecting him to the conspiracy charge. The post did not explain Onciu’s take on the allegations that he’d offered an undercover agent a discount to join the program and apparently decided that, in this instance, he’d accept less than the $100 million usually required to do business with him.

Nor did the post explain how making a return of 100 percent a month in a secret HYIP program that required a humanitarian element was not abnormal.

Although I was only the introducing party I was charged as a co conspirator in this case and ultimately was the only one tried due to the other two parties legal standing: one took a guilty plea for a reduced sentence and the other took an insanity plea, leaving me as the only defendant,” the post read in part.

 

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4 Responses to “‘Minister Of The Gospel’ Accused Of Offering Undercover Agent Discount To Join ‘Secret’ HYIP Program Found Guilty Of Wire Fraud And Conspiracy”

  1. Interesting “protestations of innocence” post-conviction from “Dr. Moses Onciu”:

    http://alliedpetrol.diytrade.com/sdp/848688/4/nd-4813980/74600.html

    SD

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  2. He’s hoping no one has any idea how the legal system really works.

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  3. I just noticed that on January 5th, the United States Court of Appeals refused to hear “Dr. Moses Onciu’s” appeal of his conviction:

    http://cdn.ca9.uscourts.gov/datastore/memoranda/2015/01/22/14-50039.pdf

    Highlights:

    “The panel unanimously concludes this case is suitable for decision
    without oral argument”

    “Reviewing the evidence presented at trial, we hold that the evidence is
    sufficient to sustain Onciu’s convictions”

    “Onciu’s claim is without merit”

    SD

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  4. shipdit: I just noticed that on January 5th, the United States Court of Appeals refused to hear “Dr. Moses Onciu’s” appeal of his conviction:

    http://cdn.ca9.uscourts.gov/datastore/memoranda/2015/01/22/14-50039.pdf

    Thank you for this, SD.

    Patrick

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