Day: August 19, 2010
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BULLETIN: Church Pastor Was Running Forex Ponzi Scheme, CFTC Says; Agency Gets Emergency Asset Freeze Against Jeremiah C. Yancy
A church pastor targeted congregants in a Forex Ponzi scheme in which he misappropriated at least $462,000, the CFTC said. The pastor, Jeremiah C. Yancy, previously had been implicated by Idaho regulators in a real-estate swindle and scheme to sell unregistered securities that resulted in ruinous losses for investors, according to records. Yancy also is…
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‘In God We Trust’ Securities Huckster Found Guilty In $17 Million Swindle; Byron Keith Brown Had ‘Fleet’ Of Luxury Cars; Feds Call Business ‘Tangled Financial Web Of Lies’
A Virginia man who traded on religious sentiments and the motto printed on U.S. currency to fleece investors in a $17 million Ponzi and securities swindle potentially faces decades in prison after being found guilty in Maryland of wire-fraud and money-laundering charges. Byron Keith Brown bought at least 16 luxury or high-performance cars with investors’…