Category: Alleged Ponzi Schemes
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PAT KILEY: ‘There Seems To Be Some Distortions’ In SEC Recordings Of Radio Show; Meanwhile, Accused Schemer Says Trevor Cook ‘Acted Like Pontius Pilate’
In pro se court filings, accused Minnesota schemer Pat Kiley says recordings of his radio show presented on CD for his examination and verification by the SEC in the civil case against him are unreliable. Meanwhile, Kiley described his civil co-defendant Trevor Cook as acting “like Pontius Pilate,” the Roman prefect many Christians believe authorized…
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‘Offensive’ Claim Prompts Accused Schemer Pat Kiley To Ask Judge To Sanction Government Attorney And Award Cash To, Well . . . Pat Kiley
The civil litigation in the $194 million Trevor Cook Ponzi and Forex caper has taken a strange turn. Former radio host Pat Kiley, a Cook co-defendant in civil cases brought by the SEC and CFTC, has filed a pro se pleading asking Chief U.S. District Judge Michael J. Davis to order David Slovick, an attorney…
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PROSECUTORS: California Man Hatched Ponzi Scheme And ‘Trust’ Scams — And Ripped Off His Elderly Mother’s Social Security Benefits After She Went Missing
A California man has pleaded guilty to hatching a real-estate Ponzi scheme, transferring a property acquired in the scheme to two “trust” accounts and cherry-picking his 82-year-old mother’s Social Security benefits after she went missing in January 2009. William Warren Baker, 59, of Laguna Nigel, now faces up to 10 years in state prison, prosecutors…
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BULLETIN: Feds Make Criminal Bust In Alleged Forex Fraud; Nicholas Cox Of Integra Capital Management LLC Arrested In North Carolina; Allegations In Companion Civil Case Destroy Myth That Companies That Issue 1099s Could Not Possibly Be Operating Scams
A North Carolina man sued by the CFTC last year in an alleged $3 million Forex and commodities Ponzi scheme now has been arrested by federal agents on criminal charges. The allegations in the case destroy a myth advanced by financial hucksters and shills that a company that issues 1099 tax forms could not possibly…
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UPDATE: Michael S. Goldberg, Ponzi Schemer Who Falsely Traded On Name Of JPMorgan Chase To Dupe Investors, Sentenced To 10 Years In Federal Prison; Caper Included Domain-Name Fraud To Give Investors False Sense Of Security
Michael S. Goldberg, the Connecticut man who lured investors into bogus deals in part by creating websites that traded on the name of JPMorgan Chase Bank and other companies, has been sentenced to 10 years in federal prison. Goldberg, 40, stole more than $30 million from investors over a period of 12 years in a…