Tag: Safeguard 3030 Investment Club

ASD ECHO CHAMBER? Bizarre Ponzi Case That Included Apparent ‘Sovereign Citizens’ And Crackpot Legal Theories Ends With Spectacular Total Of 465 Guilty Verdicts Against Final 2 Defendants

UPDATED 7:57 P.M. EDT (U.S.A.) It featured a Ponzi huckster touting a can’t-miss earnings scheme in an Internet video. For good measure, it featured apparent “sovereign citizens,” crackpot claims that U.S. law did not apply to the scheme and incongruous claims that the scheme had passed muster with the SEC. It also included a failed…

Aug 9, 2011
BULLETIN: CFTC Shuts Down Alleged Ponzi Scheme That Pitched Itself On YouTube; Ronald W. Smith Jr. Charged With Operating Forex Fraud; Judge Orders Video To Be Preserved

In a case that may spread a chill among fraudsters who use YouTube to promote bogus money-making schemes, the Commodity Futures Trading Commission (CFTC) has charged a Virginia man with fraud. Ronald W. Smith Jr. of Vansant used a YouTube video to promote a Forex Ponzi scheme that gathered more than $800,000 from 34 investors,…

Feb 26, 2010

ASD ECHO CHAMBER? Bizarre Ponzi Case That Included Apparent ‘Sovereign Citizens’ And Crackpot Legal Theories Ends With Spectacular Total Of 465 Guilty Verdicts Against Final 2 Defendants