Month: November 2012
-
BULLETIN: Securities Fraudster/Ponzi Schemer Sentenced To 40 Years
BULLETIN: Jasen M. Snelling — who last month was sentenced to nearly 11 years in prison in a federal Ponzi-scheme case brought in Ohio — now has been sentenced in Indiana state court to 40 years. The state case was brought after an investigation by the office of Indiana Secretary of State Connie Lawson. Snelling…
-
Purported Illinois ‘Sovereign’ Arrested On Charges She Filed False Liens Totaling $1.2 TRILLION; Judges, Famed Prosecutor, Assistants, Federal Agents Allegedly Targeted
During his days at the Justice Department, Patrick J. Fitzgerald perhaps was America’s most famous prosecutor. When he wasn’t prosecuting terrorism cases in New York (United States v. Usama bin Laden, et al.), he was prosecuting Mafia figures (United States v. John Gambino). Fitzgerald, now 51 and in private practice, has drawn praise and criticism…
-
KABOOM! Money-Services Firm That Turned A Blind Eye To International Scammers Will Forfeit $100 Million After Probe By U.S. Postal Inspection Service
“MoneyGram knowingly turned a blind eye to scam artists and money launderers who used the company to perpetrate fraudulent schemes targeting the elderly and other vulnerable victims.” — Lanny A. Breuer, Assistant Attorney General, Nov. 9, 2012 BULLETIN: The price of willful blindness just went up if you’re a money-services business that facilitates international mass-marketing…
-
KGO-TV (ABC7/San Francisco) Has Video Of Americans Pledging Allegiance To ‘Shadow Government’
Tim Turner, the purported “President” of the “Republic for the united States of America,” is in jail — charged with trying to pay his taxes with “a fictitious $300 million bond and to have assisted others in attempting to pay their taxes with fictitious bonds purporting to be worth amounts ranging from $10 million to…
-
UNBELIEVABLE: Now, A Scam Known As ‘Her Majesty’s Credit Union’ That Duped Investors By Falsely Claiming To Be Insured By Lloyd’s Of London And Backed By The Government, SEC Says
A scammer known by three names who’d earlier presided over an “insolvent” credit union in Georgia before being forced out of business in eight months went on to start a bogus credit union in the U.S. Virgin Islands, the SEC said. The Virgins Islands enterprise was known as “Her Majesty’s Credit Union” (HMCU) and sold…
-
BULLETIN: Jared Lee Loughner Sentenced To Life In Federal Prison For Shootings That Claimed Lives Of Federal Judge, 5 Others — And Seriously Wounded Rep. Gabby Giffords
Jared Lee Loughner, the Arizona man who advanced conspiracy theories and babbled about gold and currency prior to opening fire at a Saturday morning constituents’ event sponsored by former U.S. Rep. Gabrielle Giffords in Tucson, has been sentenced to life in federal prison. A news conference with federal prosecutors in the office of U.S. Attorney…
-
Barack Obama Reelected; Gov. Romney Gracious In Defeat
Barack Obama defeated Gov. Mitt Romney in the U.S. Presidential election yesterday. Romney, a prominent businessman and the former Massachusetts governor, first conceded the election in a private phone call with Obama — and then appeared before Romney partisans early this morning to thank them for their commitment to his candidacy and to concede publicly.…
-
BULLETIN: British Ponzi Schemer Sentenced To 13 Years In Prison; Judge Cites Nicholas David Andrew Levene’s ‘Rank Dishonesty,’ Prosecutors Say
BULLETIN: Nicholas David Andrew Levene, the 48-year-old London stockbroker and Ponzi schemer, has been sentenced to 13 years in prison, the Serious Fraud Office announced. His Honor Judge Beddoe ordered the sentence after Levene was convicted in September of 12 counts of fraud, one count of false accounting and one count of obtaining a money…
-
Jury Returns Verdicts Against Purported Texas ‘Sovereign Citizen’ In Less Than 3 Hours; Patrick Cody Morgan Potentially Faces Decades In Jail After Conspiracy And Bank-Fraud Convictions In Condo Swindle
Purported “sovereign citizen” Patrick Cody Morgan has been convicted of conspiracy and nine counts of bank fraud, prosecutors in the Southern District of Texas said. Morgan, 45, resides in Alvin. His trial lasted two days, and a jury returned the verdicts after deliberating for less than three hours, prosecutors said. The Morgan scam involved repeated…
-
UPDATE: Judge Grants Zeek Receiver’s Request To Treat Preliminary Liquidation Plan As Ponzi Case’s First Status Report
Senior U.S. District Judge Graham C. Mullen has granted the request of the receiver in the Zeek Rewards Ponzi scheme case to treat the preliminary liquidation plan filed Oct. 8 as the first status report in the case. Receiver Kenneth B. Bell said earlier this week in court filings that the request, if granted, would…