Author: PatrickPretty.com
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APOLOGISTS INTERRUPTED: Two Court Rulings Show That HYIP Operators, Players Setting Stage For Painful Downfalls, Foreclosures; Woman Loses Home While New Mom Loses Everything
EDITOR’S NOTE: UPDATED 9:22 P.M. EDT (June 7, 2010, U.S.A.) This post is presented in seven parts. With the exception of the lengthier introduction, each part includes six to eight paragraphs. You’ll see a “GO TO PAGE” prompt at the bottom of each section. Simply click on the next page number to continue reading. The…
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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…
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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…
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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…
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NOTE TO READERS: Strange Behavior Of PP Site . . .
Dear Readers, Late yesterday (June 11, 2010), the PatrickPretty.com Blog began redirecting improperly to another website. This event coincided with the migration of the PP site by its hosting company to a new platform. Some data appears to have been lost as a result of the migration. The site still is not behaving properly, although…
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BULLETIN: Yet Another Florida Ponzi Scheme; SEC Accuses Luis Felipe Perez Of Operating $40 Million Fraud Backed By Fake Diamonds And Bogus ‘Pawn Shops’
EDITOR’S NOTE: Here’s one for your Bubba Blue notebook on the various ways to have a Ponzi scheme, as opposed to shrimp. UPDATED 5:50 P.M. EDT (U.S.A.) A Miami man has been charged by the SEC with gathering $40 million in a Ponzi scheme, pocketing $6 million for himself and telling investors they were helping…
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Wayne McLeod Becomes Subject Of FBI Probe; Agency Asks Victims, Witnesses To Come Forward
EDITOR’S NOTE: This story originally was published June 30. The PP Blog later encountered a database problem, which caused the site to go down and resulted in the temporary loss of some data. The data now has been retrieved. The FBI in Jacksonville has opened a probe into Kenneth “Wayne” McLeod, the Florida man who…