Category: Alleged Ponzi Schemes
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BULLETIN: Feds Charge Former Parole Officer, Saying She Facilitated Texas Swindler In ‘Massive Scheme To Defraud Investors’
BULLETIN: A former Texas Department of Criminal Justice parole officer has been accused of honest services wire fraud and federal programs bribery, amid allegations she developed an “improper relationship” with one of her “assigned parolees” and enabled him to pull off a massive oil-and-gas swindle. Nichelle Derricks, 37, of Cedar Hill, Texas, “secretly used her…
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TIMES OF INDIA: Accused Ponzi Schemer Allegedly Became Target Of Kidnapping Plot And Was Held By ‘Armed Men’
The Times of India is reporting that accused Ponzi schemer Imtiyaz Hussain Saiyad allegedly was kidnapped by three people who wanted their money back and “held for over a week” by “armed men” before being rescued by police. Such schemes are not unprecedented in scam land. The PP Blog reported in February 2010 that three…
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2 South Florida Sisters Charged In Alleged Ponzi Caper Reportedly Married To Foreclosure-Rescue Businesses
South Florida sisters Odalis Freixa and Marisela Gamez are listed as inmates held by the Miami-Dade Corrections and Rehabilitation Department on charges of grand theft, organized scheme to defraud and conspiracy. Freixa is 48, according to jail records. Gamez is 49. Citing Miami-Dade Police documents, NBCMiami is reporting that investigators believe the alleged scam was…
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‘.44 Magnum’ Investment Scheme Was Year-Long Fraud That Fetched $5.77 Million, SEC Says; Defendant Blames It On ‘One-Eyed Man’; ‘Call Girls’ Purportedly Received 848K; 3 Charged In Alleged Swindle That May Set New Standard For The Bizarre
EDITOR’S NOTE: Would such a tale as summarized in the headline above and story below even sell as fiction in the bookstores and movie houses? Whether your answer is yes or no, the practical reality is that it apparently has become possible in America to gather millions of dollars from at least 70 domestic and…
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Now, A ‘Turkish Bonds’ Ponzi Scheme Aimed At Retirees, Feds Say; 2 Men Charged In Illinois — And 1 Man Is ‘Fugitive’
EDITOR’S NOTE: This may be one for your “Bubba Blue” notebook on how to have your Ponzi scheme. A principal of USA Retirement Management Services and a pitchman have been charged in an alleged $28 million fraud scheme involving nonexistent “Turkish bonds” and targeted at senior citizens and “individuals with substantial savings,” federal prosecutors in…
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American Accused In Alleged California Ponzi Scheme And Wanted By INTERPOL Convicted In Drug Case In Ireland
A California man wanted by U.S. prosecutors in a Ponzi-scheme case was living in a rented house in Ireland and has been convicted in an Irish drug case, the Independent reported. Scott Edward Cavell, now 29, was described on the FBI website in 2009 as “still a fugitive, believed to be outside the United States.”…