Author: PatrickPretty.com
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BULLETIN: Donald Allen Says He Will Cooperate With Secret Service In INetGlobal Probe; VP Of Renner Entity Claims Former CEO Was Maligned By Company After Raid
BULLETIN: The vice president of marketing and public relations for V-Newswire — an entity in the Steve Renner family of companies — said he will cooperate “100 percent” with federal prosecutors in the INetGlobal Ponzi scheme investigation. Donald W.R. Allen II said this morning that he has met with the U.S. Secret Service twice in…
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UPDATE: Data Network Affiliates Gets More Bizarre By The Day; MLM Firm Now Says It Was Snookered In $10 ‘Unlimited’ Cell-Phone Deal
The PP Blog attempts to write serious stories about serious subjects. In recent weeks, we have reported very little on events at Data Network Affiliates (DNA). Perhaps the biggest reason we have published fewer updates on events at DNA was because things had gotten so strange that sharing news with readers almost seemed like a…
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SPECIAL REPORT: SEC Says Detroit Pension Funds Looted By Outside Manager, Used-Car Dealer; Agency Alleges Elaborate Fraud Into Which Millions Dumped Into Firms That Financed High-Risk Loans In Metro Atlanta
EDITOR’S NOTE: The story below is about a compelling case in which nearly $16 million in public-pension funds from the Detroit area allegedly ended up in the control of an Atlanta-area, used-car dealership that operates in a business segment commonly known in the auto trade as “buy here, pay here.” Research shows that the dealership…
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Alleged Cyber-Extortionist Indicted: Feds Say Anthony Digati Tried To Chill, Defame Business On Internet To Extract $200,000 In Bizarre Social-Networking Plot
Unhappy with an entity with which you have a dispute? Want to chill them to get your way by threatening to use keyword targeting and social networking? Want to start a wild spin campaign to misinform the public and slime people and entities you perceive to be your enemies? Want to suggest a person or…
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NEWS/UPDATES: Feds Say $900 Million Nevin Shapiro Ponzi ‘Perfect Example Of Greed Run Amok’; Colorado Charges Bela Geczy, Michael Kass With Racketeering In Fraud Case
The acts of Nevin Shapiro — a Florida man arrested in New Jersey yesterday on charges of orchestrating a $900 million Ponzi scheme — represent a “perfect example of greed run amok,” an FBI agent said. Separately, a grand jury in Colorado has charged two men under the state’s organized-crime statute with operating an $18…
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U.S. Marshals, FBI, Police Capture Ponzi Figure Who Ducked Sentencing; Michael Derrick Peninger Returned To Jail Amid Reports He Cut Transmitter On Electronic Monitoring Device
Michael Derrick Peninger was captured yesterday, nine days after he failed to show up for sentencing court in a South Carolina Ponzi scheme case. Authorities said he cut the transmitter on an electronic monitoring device he was ordered to wear prior to fleeing April 12. A federal magistrate judge jailed Peninger yesterday after he was…