Tag: U.S. Attorney Barbara L. McQuade
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EDITORIAL: TelexFree’s La-La Land Leaves Trail Of Missed Signals, Willful Blindness And MLM Arson
In case you missed the big news yesterday, TelexFree figures James Merrill and Carlos Wanzeler were charged criminally. Unofficially this brings the number of charged MLM HYIP “programs” (or clients) with links to MLM attorney Gerald Nehra to three in recent years. Nehra was an “expert witness” for AdSurfDaily in 2008. He testified that ASD,…
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URGENT >> BULLETIN >> MOVING: Legisi HYIP Operator Gregory McKnight Sentenced To More Than 15 Years In Federal Prison
URGENT >> BULLETIN >> MOVING: Gregory N. McKnight, the operator of the $72 million Legisi HYIP Ponzi scheme popularized in part on the TalkGold and MoneyMakerGroup forums, has been sentenced to 188 months in federal prison for wire fraud and ordered to pay more than $48.9 million in restitution. McKnight also was ordered to serve…
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URGENT >> BULLETIN >> MOVING: Legisi HYIP Ponzi Pitchman Sentenced To 60 Months In Federal Prison, Ordered To Pay $4.4 Million In Restitution
URGENT >> BULLETIN >> MOVING: Legisi HYIP Ponzi-scheme pitchman Matthew John Gagnon has been sentenced to 60 months in federal prison, ordered to pay $4.4 million in restitution and further ordered to serve three years’ supervised probation after his prison release, the office of U.S. Attorney Barbara L. McQuade of the Eastern District of Michigan…
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BULLETIN: Michigan Ponzi Schemer Keith Epstein, Who Sanitized Caper With Charitable Donations While He Ripped Off Senior Citzens And Spent Their Money On Strippers, Sentenced To Federal Prison
Keith Epstein, 56, told senior citizens they could trust him with their money. Some of his investors believed him — and they liquidated legitimate holdings and gave the cash to Epstein. But Epstein, of Farmington Hills, Mich., was running a $4 million Ponzi scheme, the FBI said. He took the cash from his victims, spending…
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BULLETIN: Senior Ponzi Schemer Edward May, 75, Sentenced To 16 Years In Federal Prison; $350 Million Ponzi Swindle Called Largest In Eastern Michigan History
BULLETIN: Edward May, 75, effectively has been sentenced to life in prison for orchestrating an elaborate Ponzi scheme that gathered about $350 million and fleeced 1,200 people. Many of his victims were fellow senior citizens, although May also altered the lives of younger victims. Prosecutors described the May Ponzi as the largest in the history…