Frederick H.K. Baker

PP Blog Tag archives on references to "Frederick H.K. Baker."

RODNEY’S FOLLY: ‘We Want Achieve To Work So Badly,’ But Sign Up For ‘Trinity Lines’ While You’re Waiting

RODNEY'S FOLLY: 'We Want Achieve To Work So Badly,' But Sign Up For 'Trinity Lines' While You're Waiting

“They want so badly to believe in the tooth fairy.” — Fred Joseph, then-Colorado Securities Commissioner, February 2013. (As told to the Durango Herald in “For a Ponzi payout, call the tooth fairy.”) UPDATED 1:27 P.M. ET U.S.A. Fred Joseph announced his retirement in December 2013, after 30 years in public service. He’d seen it […]

Colorado Securities Commissioner Tells Durango Herald: ‘They Want So Badly To Believe In The Tooth Fairy’

Colorado Securities Commissioner Tells Durango Herald: 'They Want So Badly To Believe In The Tooth Fairy'

Joe Hanel, the Denver correspondent for the Durango Herald, has written a series of reports that delves into the symphony of the bizarre surrounding Ponzi schemer Frederick H.K. Baker, who once was immersed in the HYIP world but now is in prison. If you’ve been wondering about the psychology of Ponzi schemes — perhaps particularly […]

DURANGO HERALD: Attorney Says His Client Was Ponzi Player Who Tried To ‘Scam The Scammers’; E-Bullion’s Name Surfaces In Illustrative Case Of Frederick H.K. Baker, Who Is Sentenced To Federal Prison

DURANGO HERALD: Attorney Says His Client Was Ponzi Player Who Tried To 'Scam The Scammers'; E-Bullion's Name Surfaces In Illustrative Case Of Frederick H.K. Baker, Who Is Sentenced To Federal Prison

In July 2010, FINRA memorably described the HYIP sphere as a “bizarre substratum of the Internet.” The regulator warned about “online payment systems” that are used for criminal activity, noting that some fraud purveyors discuss subjects such as how to “build a winning HYIP portfolio” and how “to ‘ride the Ponzi’ and get in and […]

Report By Small-Town Newspaper In Colorado Leads To Forex Ponzi Scheme Arrest In Chicago; FBI Nabs Mark Akins After Durango Herald Readers Provide Tips

Report By Small-Town Newspaper In Colorado Leads To Forex Ponzi Scheme Arrest In Chicago; FBI Nabs Mark Akins After Durango Herald Readers Provide Tips

A fugitive suspected of helping organize a Forex Ponzi scheme that traded on a claim that a special “algorithm” led to hefty profits has been arrested in Chicago after a small-town Colorado newspaper 1,350 miles away reported he was wanted. The Durango Herald, which has a circulation of 9,400 and has received awards from the […]