PatrickPretty.com

Author: PatrickPretty.com

Raymond Frank Joseph Convicted On All 36 Counts In Michigan Ponzi Scheme; Federal Judge Revokes Bond

Federal prosecutors have scored another dramatic win in a Ponzi scheme case. Raymond Frank Joseph, 55, of Bloomfield Hills, Mich., was convicted of three counts of wire fraud, nine counts of interstate transportation of stolen money or property and 24 counts of conducting monetary transactions in criminally derived property. Judge Gerald E. Rosen immediately revoked…

Dec 17, 2009
PP Blog Marks Milestone In A Year Filled With Ponzi Schemes And Nonfiction That Reads Like Fiction

EDITOR’S NOTE: We were going to publish this post to commemorate our 500th post since December 2008, but breaking news intervened. So, this is now Post No. 501. This is the PP Blog’s 500th post (actually it’s now No. 501) since December 2008, the month we switched to WordPress. It has been a year filled…

Dec 17, 2009
PONZI ADVOCATES’ NIGHTMARE: Victims Line Up To Address Judge Who Will Sentence California Man In ‘Offshore’ Scheme; Jeffrey Gordon Butler Faces Up To 300 Years In Prison

EDITOR’S NOTE: As you’re reading this story, keep in mind that the Ponzi scheme “industry” actually has advocates who advance the theory that all commerce should operate under the principle of caveat emptor (“let the buyer beware”), that the government should not be empowered to “interfere” with “commerce” and that “offshore” options are the best.…

Dec 16, 2009
SEC Moves To Smash Alleged Advertising Ponzi Scheme In California; Agency Charges Dean P. Gross, Gregory W. Laser

Two California men have been charged with securities fraud by the SEC in an emergency court action that alleged they pushed a Ponzi scheme that collected more than $18 million. Investors were duped into believing that a company known as Bridon Entertainment bought advertising space in bulk and resold it at a substantial profit to…

Dec 16, 2009
FEDS: Man Bilked $10 Million In Ponzi Scheme That Traded On Name Of The Famous NASCAR Brand

Even as stock-car fans were celebrating the news that Indy-car driving star Danica Patrick would hopscotch circuits and participate in a limited number of events in NASCAR’s Nationwide Series next year, federal prosecutors were putting together a Ponzi scheme case against a man alleged to have obtained $10 million by using NASCAR’s name. Eliott Jay…

Dec 15, 2009
Cyberstalker ‘joe’ Sent Repeated Harassing Communications From Network Registered To City Government In California; Threatened To Sue PP Blog

EDITOR’S NOTE: Is it any wonder so many people believe the Internet is just one giant cesspool? This is the latest news on “joe,” who graduated from Ponzi advocacy to cyberstalking in September. UPDATED 4:28 P.M. ET (U.S.A.) Saying he wants to give the PatrickPretty.com Blog something else to “chew on” after it announced Saturday…

Dec 15, 2009
ANNOUNCEMENT: PatrickPretty.com Blog To Share Data On ‘unclefesta26’ With Law Enforcement; Blog Also Will Share Data On ‘joe’

DECEMBER 12, 2009, 12:03 P.M. ET (U.S.A.). The PatrickPretty.com Blog announced today that it has made an arrangement to share data about cyberstalkers “unclefesta26” and “joe” on its own initiative with law-enforcement and, at the Blog’s discretion, with the operators of certain websites. The Blog’s decision to share a limited amount of information with authorities…

Dec 12, 2009
THE ‘BOOK’ DEFINED: Louisiana Woman Faces Stunning Total Of 851 Charges In $3 Million Insurance-Fraud Caper

In perhaps their most powerful message to date in the Age of White-Collar Fraud, police have thrown the book at a Louisiana insurance agent, accusing her of an astonishing total of 851 crimes. For good measure, the Louisiana Department of Insurance immediately suspended Jolie R. Bonvillian’s sales license and fined her $21,250. Bonvillian, 40, of…

Dec 10, 2009
BREAKING NEWS: FBI Tells Senate Judiciary Committee It Is Probing 314 HYIP Schemes Only Months After ASD Members Asked Panel To Probe Prosecutors

And to think that only months ago — in February 2009 — various members of AdSurfDaily wrote to the Senate Judiciary Committee trying to elicit support for Ponzi schemes. The letter-writing campaign was spearheaded by “Professor” Patrick Moriarty and pushed by the Pro-AdSurfDaily Surf’s Up forum. But now the FBI has told the committee, led…

Dec 10, 2009
Ponzi Suspect to Judge, ‘Jail Me’; Judge To Ponzi Suspect, ‘OK’; Minnesota’s Gerard Frank Cellette Jr. Booked Into Hennepin County Jail On 36 Felony Counts

Gerard Frank Cellette Jr. was implicated by prosecutors in an alleged $53 million Ponzi scheme in Minnesota last month. Cellette, 44, of Andover, Minn., asked a judge to jail him yesterday — and the judge granted his wish. Cellette now is Inmate No. 2009034708 in the Hennepin County Sheriff’s Jail. He was charged Nov. 5…

Dec 10, 2009
Madoff Confessed Ponzi Scheme Year Ago Today; AdViewGlobal Prepared Ponzi Roll-Out Even As Stunned Public Watched Madoff Spectacle Unfold

One year ago today Bernard Madoff uttered a memorable phrase, describing his securities business economically as “one big lie” — and his Ponzi house of cards came tumbling down. Even as Madoff was uttering those three words to his sons and the FBI soon was to knock on his door, the insiders behind the AdViewGlobal…

Dec 10, 2009