Author: PatrickPretty.com
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BULLETIN: Another Spectacular Florida Ponzi Case Emerging; Nevin K. Shapiro Charged Criminally, Civilly In Alleged $900 Million Fraud
BULLETIN: Nevin K. Shapiro, the founder and president of Capitol Investments USA Inc., surrendered to authorities this morning after being charged both criminally and civilly in an alleged $900 million Ponzi and fraud scheme in south Florida and elsewhere, the SEC said. Shapiro, 41, is a prominent Miami Beach businessman and philanthropist in the wholesale…
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4 Ponzi Probes Spotlighted In Seattle; Cases Involve ‘Phony Business Plans’ With Sports Tickets, Point-Of-Sale Machines, Oil Fields, Aircraft Parts
EDITOR’S NOTE: If you’re keeping a “Bubba Blue” notebook on the various ways to serve up a Ponzi scheme — as opposed to shrimp — these Ponzi investigations in Washington state might deserve an entry. The story below encapsulates four major cases. It also includes a link to the charging document in the Rhonda Breard…
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Utah Ponzi Auction Features Wildebeest, Hyena, ‘Full Body African Lion,’ Other Exotic Animals; Event Expected To Draw Large Crowd And Help Recover Some Losses
America’s Ponzi culture now has spawned a taxidermy auction from “assets recovered in one of the largest alleged Ponzi fraud cases in Utah,” according to website of the auctioneer. Among the items up for bid are a “full body African lion,” Cape Horn buffalo, African antelope and hyena, wildebeest and other exotic animals. Forty-three firearms…
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FIVE ARRESTED: SEC Says Bogus Stock-Tips Website Faked Testimonial From George Soros; Gryphon Holdings Inc., Kenneth E. Marsh, Others Charged With Operating ‘Sham’
BULLETIN: Five people have been arrested in New York on charges of conspiracy to commit securities fraud and wire fraud. Their preliminary court appearances are occurring now — and the allegations in the case are spectacular. Separately, the SEC has gone to federal court in New York to obtain an emergency court order freezing the…