CFTC

PP Blog Tag archives on references to "CFTC."

BULLETIN: Zeek’s Burks, Wright-Olivares, Olivares Settle With Receiver; Agree To $600 Million Consent Judgment ‘To Be Satisfied With Substantially All Of Their Assets’

BULLETIN: Zeek's Burks, Wright-Olivares, Olivares Settle With Receiver; Agree To $600 Million Consent Judgment 'To Be Satisfied With Substantially All Of Their Assets'

BULLETIN: (2nd Update 8:29 p.m. EDT U.S.A.) Three individuals alleged to be key insiders of the Zeek Rewards Ponzi- and pyramid scheme have agreed to a $600 million consent judgment with the court-appointed receiver. Receiver Kenneth D. Bell sued several alleged insiders, including Zeek operator Paul R. Burks, former COO Dawn Wright-Olivares and programmer Daniel […]

BULLETIN: Pat Kiley, Trevor Cook Ponzi Pitchman, Sentenced To 20 Years in Federal Prison

BULLETIN: Pat Kiley, Trevor Cook Ponzi Pitchman, Sentenced To 20 Years in Federal Prison

BULLETIN: Patrick Kiley, a radio host and conspiracy theorist who warned of “massive, massive chaos” and became a pitchman for the $194 million Trevor Cook Forex Ponzi scheme in Minnesota, has been sentenced to 20 years in federal prison. Kiley, 75, now becomes the fifth person sentenced to a long prison term in the epic […]

URGENT >> BULLETIN >> MOVING: CFTC Sues U.S. Bank, Saying It Permitted Now-Jailed Scammer Russell R. Wasendorf Sr. To Borrow Against Customer Funds To Finance Iowa Headquarters Building Of Epic Fraud Scheme

URGENT >> BULLETIN >> MOVING: CFTC Sues U.S. Bank, Saying It Permitted Now-Jailed Scammer Russell R. Wasendorf Sr. To Borrow Against Customer Funds To Finance Iowa Headquarters Building Of Epic Fraud Scheme

URGENT >> BULLETIN >> MOVING: (UPDATED 2:54 P.M. EDT U.S.A.) The CFTC has gone to federal court in the Northern District of Iowa, accusing U.S. Bank National Association of permitting now-jailed scammer Russell R. Wasendorf Sr. of Peregrine Financial Group to use Peregrine customer funds as security “on loans it made to Wasendorf, his wife, […]

ZEEK RECEIVER TO NET WINNERS: ‘The Time For Court Action Is Drawing Closer’

ZEEK RECEIVER TO NET WINNERS: 'The Time For Court Action Is Drawing Closer'

UPDATED 1:20 P.M. EDT (APRIL 4, U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi scheme case has warned net winners that “the time for court action is drawing closer” and that “there is an opportunity for settlement.” Receiver Kenneth D. Bell published a letter to winners today on the website of the receivership. A […]

UPDATE: Nicholas Cox, Figure In North Carolina Fraud Scheme Operating Near Ground Zero For Zeek Rewards, Sentenced To Federal Prison

UPDATE: Nicholas Cox, Figure In North Carolina Fraud Scheme Operating Near Ground Zero For Zeek Rewards, Sentenced To Federal Prison

With the alleged $600 million Zeek Rewards Ponzi scheme dominating local headlines in North Carolina’s Piedmont Triad region, including the city of Lexington in Davidson County, an earlier, smaller fraud scheme operating in the region largely fell out of the news. But the Integra Capital Management LLC Ponzi and fraud scheme operated by Nicholas Cox […]

BULLETIN: CFTC Alleges Robert Stanley Harrison Of Easley, S.C., Was Presiding Over Fraud Scheme That Guaranteed ’100 Percent Profits’ In 90 Days Through Investors Choice Advisors LLC Commodity Pool; Federal Judge Freezes Assets

BULLETIN: CFTC Alleges Robert Stanley Harrison Of Easley, S.C., Was Presiding Over Fraud Scheme That Guaranteed '100 Percent Profits' In 90 Days Through Investors Choice Advisors LLC Commodity Pool; Federal Judge Freezes Assets

BULLETIN: In a case filed under seal last week, the CFTC accused Robert Stanley Harrison of Easley, S.C.. of presiding over a commodity-pool and Forex fraud scheme in which investors were guaranteed a return of 100 percent in 90 days. The seal now has been lifted, and U.S. District Judge G. Ross Anderson has granted […]

‘Investor-Fraud Summits’ Set For 6 U.S. Cities: Stamford, Conn.; Nashville, Tenn.; San Francisco; Denver; Cleveland And Miami

'Investor-Fraud Summits' Set For 6 U.S. Cities: Stamford, Conn.; Nashville, Tenn.; San Francisco; Denver; Cleveland And Miami

What: Investor Fraud Summits. Where/When: Stamford, Conn. (today from 9 a.m. to 1 p.m. EDT at the University of Connecticut – Stamford Campus); Nashville, Tenn. (Oct. 4 from 8:45 a.m. to 12:30 p.m. EDT at Vanderbilt University Law School’s Flynn Auditorium located at 131 21st Avenue South) ; San Francisco (Oct. 9, in Walnut Creek, […]

Now, A ‘Fraudulent $53 Million Worldwide Off-Exchange Forex Scheme,’ CFTC Alleges; Agency Charges Australian Resident Senen Pousa, U.S. Residents Joel Friant And Michael Dillard, Along With ‘Investment Intelligence Corp.’ And ‘Elevation Group Inc.’

Now, A 'Fraudulent $53 Million Worldwide Off-Exchange Forex Scheme,' CFTC Alleges; Agency Charges Australian Resident Senen Pousa, U.S. Residents Joel Friant And  Michael Dillard, Along With 'Investment Intelligence Corp.' And 'Elevation Group Inc.'

EDITOR’S NOTE: In a statement on the allegations against Senen Pousa, Joel Friant, Michael Dillard and their companies, the CFTC pointedly stressed that international agencies cooperated in a probe and that the alleged scammers created victims in multiple nations . . . The CFTC has gone to federal court in the Western District of Texas, alleging […]

BULLETIN: Another Decade-Long Ponzi Scheme — This One In Missouri, CFTC Says; Grahame Rhodes Of St. Louis Accused Of Misappropriating ‘The Entire Amount Of The Participants’ Funds He Received’ And Ripping Off His Mother-In-Law

BULLETIN: Another Decade-Long Ponzi Scheme -- This One In Missouri, CFTC Says; Grahame Rhodes Of St. Louis Accused Of Misappropriating 'The Entire Amount Of The Participants’ Funds He Received' And Ripping Off His Mother-In-Law

BULLETIN: (UPDATED 5:35 P.M. EDT U.S.A.) The CFTC has gone to federal court in the Eastern District of Missouri, alleging that Grahame Rhodes of St. Louis was at the helm of a decade-long, commodity-pool Ponzi scheme aimed at family and friends. Rhodes is charged with misappropriating the entire pool while “pretending to be a successful, […]

BULLETIN: CFTC Says California Man At Helm Of Ponzi Scheme Targeted At Deaf Christians; Marc Perlman Charged With Fraud Amid Claim He Advised Investor To Sell House Quickly And Plow Proceeds Into Forex Scheme

BULLETIN: CFTC Says California Man At Helm Of Ponzi Scheme Targeted At Deaf Christians; Marc Perlman Charged With Fraud Amid Claim He Advised Investor To Sell House Quickly And Plow Proceeds Into Forex Scheme

BULLETIN: The CFTC has gone to federal court in the Southern District of New York, alleging that Marc Perlman of Rancho Cucamonga, Calif., and his firm, iGlobal Strategic Management LLC, were running a commodity-pool and Forex Ponzi scheme targeted at deaf Christians. Perlman and the company have been charged with fraud. The CFTC said the […]

DEVELOPING STORY: CFTC Seeks Asset Freeze Amid Allegations Of Fraud Against Russell R. Wasendorf Sr. Of Peregrine Financial Group Inc.; Wasendorf Reportedly Attempted To Kill Himself Yesterday; Trevor Cook Ponzi Victims At Risk Of Getting Fleeced Twice

DEVELOPING STORY: CFTC Seeks Asset Freeze Amid Allegations Of Fraud Against Russell R. Wasendorf Sr. Of Peregrine Financial Group Inc.; Wasendorf Reportedly Attempted To Kill Himself Yesterday; Trevor Cook Ponzi Victims At Risk Of Getting Fleeced Twice

EDITOR’S NOTE: The PP Blog first became aware of reports about the suicide bid of Russell R. Wasendorf Sr. last night, after being contacted by a reader who was defrauded in the Trevor Cook Ponzi scheme. Wasendorf apparently sought to take his own life on the sparkling Cedar Falls, Iowa, property of Peregrine Financial Group […]