Minnesota Ponzi scheme
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BULLETIN: Minnesota Ponzi Scheme Bilked Banks Of $80 Million, Feds Say; Corey N. Johnston Charged With Bank Fraud, Tax Crime
Another spectacular Ponzi case has emerged in Minnesota just months after federal prosecutors charged Trevor Cook in an alleged $190 million scam and Tom Petters was convicted in a $3.65 billion scam. Charged in a new scheme today was Corey N. Johnston of Lakeville, a Minneapolis suburb. The Minneapolis/St. Paul region also is the home [...]
BULLETIN: Trevor Cook Charged Criminally With Mail Fraud And Tax Evasion In Alleged $190 Million Ponzi Case In Minnesota
BULLETIN: Trevor Cook, the reputed head of a $190 million Ponzi scheme in Minnesota, has been charged criminally with mail fraud and income-tax evasion. Cook, 37, previously had been charged civilly by the SEC and the CFTC. The criminal charges filed today came after a probe by the FBI and the IRS Criminal Investigations Unit, [...]
Another Massive Ponzi Scheme Probe Under Way In Minnesota; Case Reminiscent Of Alleged Ponzis Of Tom Petters, Matthew Scott And Andy Bowdoin
Gerard Frank Cellette Jr. is suspected of operating a Ponzi scheme that involved tens of millions of dollars and was based on bogus printing contracts, prosecutors in Minnesota said yesterday. Cellette, 44, of Andover, Minn., owes investors at least $53 million, according to the felony complaint filed by the office of Hennepin County Attorney Mike [...]
