CEP Ponzi scheme
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DISCUSSION THREAD: CEP Judgments, Ponzis And The Deaf, Noobing, Andy Bowdoin, Surf’s Up, BizAdSplash Surf, More
UPDATE 2:49 P.M. EST (U.S.A.) At a gathering of creditors today, Irving Picard, the trustee overseeing the liquidation of Bernard L. Madoff Investment Securities, said he could find no evidence that Madoff even purchased securities for customers in the past 13 years. Cash came in — and immediately went out — to sustain the Ponzi, [...]
Roster: Are These Autosurfs In Litigation? Troubled?
Back in August we began to cover AdSurfDaily Inc., a Florida company accused of being an illegal enterprise. Federal prosecutors said ASD, an autosurf, was selling unregistered securities by calling itself an “advertising” company and running a $100 million Ponzi scheme.
A sister site, LaFuenteDinero, was named in the same federal forfeiture complaint. So was GoldenPandaAdBuilder, [...]
CEP Receiver Settles With 14 Ponzi Scheme Participants
The receiver in the CEP Ponzi scheme case has filed court papers to settle adversary proceedings against 14 participants who profited in the scam.
In court since July 2007, the case is not fully settled. Litigation against other participants is ongoing. Dozens of lawsuits were filed against CEP members.
Settlement terms for the group of 14 appear [...]
Madoff Case Sparks Talk Of ‘Clawbacks’
BLOG UPDATE 2:19 P.M. EST (U.S.A.): La Tribune, a French business newspaper, is reporting that a founder of Access International Advisors, a hedge fund with large sums invested with Bernard Madoff, has been found dead in his New York City office building.
Rene-Thierry Magon de la Villehuchet, 65, was found this morning. The French newspaper called [...]
