Category: Alleged Ponzi Schemes
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DONATION (RE)POST: The Ponzi/Fraud Scourge Continues
Dear Readers, In Italics below is a repost of our Dec. 15 donation post. Hate to pass the hat again so soon, but we’re at the edge of an abyss and are still short . . . We’re midway through December [reposted Dec. 25, Christmas night] and are facing the challenge of carving out a…
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STATEMENT: ‘Swarm’ Affects PP Blog Publishing Operations
STATEMENT: At approximately 8:33 a.m. today, a sudden swarm of international traffic affected the PP Blog’s server and its publishing operations. Like previous unusual incidents, the swarm consisted almost entirely of international IPs, many of which were recording their first “visit” to the Blog. This morning’s swarm appears to have been almost exclusively targeted at…
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UPDATE: Jeffery L. Groendyke, Michigan Man Accused In Forex Ponzi Scheme, Ordered To Pay Nearly $1.4 Million In Restitution And Penalties
Jeffery L. Groendyke, the Michigan man accused by the CFTC in May of targeting people of faith and others in a Forex Ponzi scheme, has been ordered to pay $963,141 in restitution and a $420,000 civil penalty. U.S. District Judge Robert J. Jonker issued the order against Groendyke by consent, finding that he fraudulently solicited…
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UPDATE: Criminal Prosecutors Say Jason Bo-Alan Beckman Stole Nearly $4 Million From Elderly Husband And Wife; Wife A Stroke Victim With ‘Hemispheric Paralysis,’ According To Court Records; Beckman’s Manipulations Amount To ‘Contumacious Disobedience,’ SEC Says
UPDATE: Facing a margin deficit of more than $10 million and at risk of having his trading account closed in February 2008, Jason Bo-Alan Beckman — a figure in the Trevor Cook Ponzi scheme — sought to address the whopping shortfall and prop up the monumental fraud by stealing about $3.9 million from an elderly…
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SENIOR FRAUD CAVALCADE CONTINUES: Alleged ‘Airplane Parts’ Ponzi Scheme Lands 78-Year-Old Man In Florida Jail; Roger Green And Alleged Accomplice Charged With Racketeering
Saying that money-laundering and securities fraud were part of a $7 million Ponzi scheme involving aircraft parts, the Florida Department of Law Enforcement (FDLE) has arrested two men, charging them with racketeering. Roger Green, 78, remains in custody at the Broward County Jail. Alleged accomplice Victor Brown, 55, of Hollywood, was freed after posting bail.…
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URGENT >> BULLETIN >> MOVING: SEC Says Utah Father And Son Were At Helm Of $220 Million Ponzi Scheme That Traded On Faith
URGENT >> BULLETIN >> MOVING: The SEC has gone to federal court in Utah to halt what it described as a $220 million real-estate Ponzi scheme that appeared to grow in part because the alleged operators used their membership in the Church of Jesus Christ of Latter-Day Saints to disarm skeptics. A “complex web of…