OFFICIALS: Ponzi Schemes, Investment Fraud Have Led To Staggering Losses In Utah; Hundreds Of Potential Perpetrators Identified
UPDATED 8:38 P.M. EDT (U.S.A.) Recent Ponzi schemes and cases of investment fraud have cost Utah residents an estimated $1.4 billion, the FBI said today. About 370 investigative “subjects” — defined as “potential perpetrators” in current cases — have been identified, and the agency and its law-enforcement partners have embarked on a public awareness and […]
FEDS: Former Police Officer Recruited Active-Duty and Retired Cops, Firefighters Into Ponzi Scheme, Defrauding Them Of Nearly $900,000
In yet-another action brought through the interagency Financial Fraud Enforcement Task Force (FFETF), a former police officer in a Cleveland suburb has been charged with operating a Ponzi scheme that defrauded law-enforcement colleagues and firefighters out of $889,000, federal prosecutors said. Raymond Thomas, 49, who formerly lived in Mentor, Ohio, and served on the Warrensville […]
Narc That Car President Fidgets, Struggles Through Lengthy Fox 4 News Interview In Dallas; Confirms That Members Who Don’t Recruit Make $5 A Month And Will Not Break Even For Nearly Two Years
EDITOR’S NOTE: At the bottom of this post you’ll find links to the Fox 4 News website in Dallas-Fort Worth. We recommend you watch the video of the main report on Narc That Car broadcast by the station, and also the videos of a sit-down interview with Narc President Jacques Johnson. The interview was eminently […]