Month: November 2011
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SIDNEY AND CHARLOTTE HANSON FOREX PONZI: Federal Judge Orders Orders Tens Of Millions Of Dollars In Restitution, Penalties And Disgorgement
U.S. District Judge Robert J. Conrad Jr. of the Western District of North Carolina has ordered tens of millions of dollars in restitution, penalties and disgorgement in the civil Ponzi case against Sidney and Charlotte Hanson. The CFTC charged the North Carolina couple and their “Queen Shoals” companies in 2009, alleging a Forex Ponzi scheme…
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UNBELIEVABLE: In Alarming Fraud Allegations, Feds Say HUD-Insured Loans Issued Through Allied Home Mortgage Corp. Led To Huge Losses For U.S. Taxpayers — While Firm Used Tax Break And Virgin Islands ‘Quality-Control’ Employees Who ‘Did Not Know What HUD Was Or Even What A Mortgage Was’
BULLETIN: Federal prosecutors in New York have filed a civil complaint against Allied Home Mortgage Capital Corp., Allied Home Mortgage Corp. and two Allied executives that alleges the U.S. Department of Housing and Urban Development (HUD) was put on the hook for at least $834 million in losses because of fraud at Allied. Part of…
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Alfred Gerebizza Arrested In $105 Million Ponzi Case; PP Blog Received Threatening Communication About Alleged Fraud Caper Last Year
UPDATED 5:25 P.M. EDT (U.S.A.) Alfred Gerebizza has been charged with mail fraud and tax crimes in a superseding indictment in the Daniel Spitzer Ponzi case, which alleged both domestic and offshore fraud. The SEC initially charged Spitzer civilly in June 2010, accusing him of “moving investor money through a complex network of foreign bank…
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URGENT >> BULLETIN >> MOVING: ALLEGED ‘PUPPETMASTERS’ EXPOSED: Feds Charge 5 Attorneys, 2 Mob Figures And CPA In Extortion Scheme That Led To ‘Illegal Takeover’ Of FirstPlus Financial Group Inc.; Scheme Featured ‘Fraudulent SEC Filings,’ U.S. Attorney Says
URGENT >> BULLETIN >> MOVING: Thirteen people have been arrested, including five attorneys, a CPA, two alleged mob associates and others in a spectacular case that alleges the mafia and its underlings illegally took over FirstPlus Financial Group Inc., a publicly held company in Texas. “[T]he defendants gave new meaning to ‘corporate takeover’ by looting a…