Archive for November 15th, 2013

URGENT >> BULLETIN >> MOVING: Massachusetts Halts WCM777, Says It Was Selling Unregistered Securities And Targeting Brazilian Community

URGENT >> BULLETIN >> MOVING: Massachusetts Halts WCM777, Says It Was Selling Unregistered Securities And Targeting Brazilian Community

URGENT >> BULLETIN >> MOVING: (10th Update 9:28 p.m. ET U.S.A.) Massachusetts has halted the WCM777 multilevel marketing scheme, saying it was associated with entities in Hong Kong, the British Virgin Islands and the United States and selling unregistered securities. In Massachusetts, the state said, the scheme was targeting the Brazilian community. In a filing […]

David Robert Gilmour Ross, New Zealand Ponzi Swindler, Sentenced To Nearly 11 Years In Prison

David Robert Gilmour Ross, New Zealand Ponzi Swindler, Sentenced To Nearly 11 Years In Prison

David Robert Gilmour Ross, the 63-year-old architect of New Zealand’s largest Ponzi scheme, has been sentenced to 10 years and 10 months in prison, New Zealand’s Serious Fraud Office announced. “More than 1,200 client accounts were affected by Mr Ross’ scheme, so his offending has had a devastating impact on many lives,” said SFO Director Julie […]