Category: Alleged Ponzi Schemes
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RECOMMENDED READING: [BULLETINS]: 3 Trevor Cook Ponzi Scheme Pitchmen Found Guilty
The Star Tribune and the Pioneer Press are reporting that Trevor Cook Ponzi scheme pitchmen Jason Bo-Alan Beckman, Pat Kiley and Gerald Durand have been found guilty in federal court in Minnesota. Read breaking coverage at the Star Tribune. Read breaking coverage at the Pioneer Press. The PP Blog will have more on the verdicts…
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DONATION POST: PP Blog Needs Your Help To Get Through June
Dear Readers, This is always the hardest post of the month — the one in which I ask for your continued help to get through the upcoming month. The need right now is on the order of $300. That sum would take the instant crisis out of play. It has not been easy keeping the…
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SEC: California Scammer Traded On Agency’s Name To Sanitize $60 Million Fraud And Ponzi Caper; John A. Geringer And GLR Capital Management Charged With Fraud Amid Allegations ‘Fund’ Claimed Handsome Return Before It Even Existed
“Geringer painted the picture of a successful fund weathering America’s financial crisis through a diversified, conservative investment strategy. The reality, however, was the complete opposite. Geringer lost millions of dollars in the market, tied up remaining investor funds in a pair of illiquid private companies, and lied about it in phony account statements.” — Marc…