Month: July 2012
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Raymond Bitar, Full Tilt Poker CEO, Arrested; Gambling Site Linked To THREE U.S. Banks That Failed, Feds Say; ‘The On-Line Casino Become An Internet Ponzi Scheme,’ Top FBI Official Says
Three vulnerable U.S. banks that processed illegal gambling payments for Full Tilt Poker in exchange for investments in the institutions later failed, federal prosecutors in the Southern District of New York said yesterday. The failures of Sunfirst Bank in St. George, Utah, and All American Bank and New City Bank — both of which were…
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BULLETIN: SEC Says Missing Man Was Mastermind Of $40 Million Fraud In Georgia In Which ‘Substantially All’ Of A Bank’s Reserves Were Misappropriated And Lost In Trading; Persons With Info Asked To Call FBI Or Lowndes County Sheriff’s Office
BULLETIN: The SEC has gone to federal court in Atlanta, alleging that Aubrey Lee Price masterminded a $40 million investment fraud and that Price might have misappropriated millions of dollars from a “failing” bank in southern Georgia after a company he controlled bought a stake in the bank in 2010. The alleged misappropriation involved “substantially…