PatrickPretty.com

Category: Alleged Ponzi Schemes

ALARMING: NEW JERSEY ATTORNEY GENERAL: Lawyer Stole More Than $1 Million From ‘Elderly’ Woman — And Also Was Part Of Ponzi And Fraud Scheme With His 70-Year-Old Father, Another Man, 83, And 2 Recidivist Hucksters; Michael W. Kwasnik, 42, Charged Criminally, Sued Civilly

A Philadelphia attorney with an office in New Jersey stole more than $1 million from an “elderly” client and also was part of a Ponzi scheme that targeted retirees, New Jersey Attorney General Paula T. Dow said. For stealing from his client, attorney Michael W. Kwasnik, 42, was indicted for theft by failure to make…

Nov 8, 2011
HAVE THE ‘GAMES’ BEGUN? AdSurfDaily Members Todd Disner, Dwight Owen Schweitzer File Lawsuit Against Government That Claims Undercover Agents Violated Firm’s Terms Of Service; Federal Prosecutors Say Money Was Seized Properly With Valid Warrants

UPDATED 11:27 P.M. ET (U.S.A.) In May, an email attributed to AdSurfDaily member Todd Disner declared, “Let the games begin!” The remark was in the context of a lawsuit Disner and fellow ASD member Dwight Owen Schweitzer intended to file against the United States once ASD members chipped in enough money to fund the complaint.…

Nov 7, 2011
UPDATE: Accused Thief, Bail-Jumper, Passport Fraudster And Ponzi Fugitive Brian Kim Arrested In Hong Kong And Returned To The United States

UPDATE: On the lam for 10 months, accused Ponzi-scheme fugitive Brian Kim was arrested last month and returned to the United States from Kong Kong, authorities said yesterday. Kim, 36, is a former analyst who appeared as a CNBC commentator on issues such as the Dubai debt crisis and so-called “dark pools.” Investigators said he…

Nov 5, 2011
A BRIEF STUDY IN CASH-GIFTING CONTRASTS: The Attorney General, The BBB — And Hank Needham (Before The Club Asteria Brainstorm And CONSOB Probe)

In this post, we included a March 2008 Dailymotion video of Hank Needham — later to emerge as one of Club Asteria’s purported owners — hawking a cash gifting scheme in which five $100 bills (U.S.) spilled out of an envelope tucked inside an envelope delivered by overnight courier DHL. (Please note that March 2008…

Nov 5, 2011
EDITORIAL: Another Dark Day For ‘Asteria Foundation’ And Related Entities As American Red Cross Issues Statement Suggesting It Was Duped: ‘We Have No Record Of Receiving A Donation From This Organization And Have Not Partnered With Them’ On Japan Earthquake Relief ‘Or Any Other Projects’

UPDATED 9:36 P.M. EDT (U.S.A.) The American Red Cross is a national treasure whose powerful and noble name never should be diluted or trifled with. But it is now apparent that various Club Asteria-related entities have done exactly that by not revealing certain critical information to the Red Cross while at once shamelessly seeking to…

Nov 4, 2011
SIDNEY AND CHARLOTTE HANSON FOREX PONZI: Federal Judge Orders Orders Tens Of Millions Of Dollars In Restitution, Penalties And Disgorgement

U.S. District Judge Robert J. Conrad Jr. of the Western District of North Carolina has ordered tens of millions of dollars in restitution, penalties and disgorgement in the civil Ponzi case against Sidney and Charlotte Hanson. The CFTC charged the North Carolina couple and their “Queen Shoals” companies in 2009, alleging a Forex Ponzi scheme…

Nov 3, 2011
EDITORIAL: Bogdan Fiedur Of AdLandPro’s Deplorable Bid To Chill RealScam.com In The Age Of International Mass-Marketing Fraud

A few weeks prior to the Aug. 1, 2008, seizure of tens of millions of dollars in the personal bank accounts of AdSurfDaily President Andy Bowdoin, Bowdoin apparently believed it prudent to plant the seed that the ASD autosurf had amassed a giant pot of cash and would use it to “hammer” critics. His willfully…

Nov 2, 2011
Alfred Gerebizza Arrested In $105 Million Ponzi Case; PP Blog Received Threatening Communication About Alleged Fraud Caper Last Year

UPDATED 5:25 P.M. EDT (U.S.A.) Alfred Gerebizza has been charged with mail fraud and tax crimes in a superseding indictment in the Daniel Spitzer Ponzi case, which alleged both domestic and offshore fraud. The SEC initially charged Spitzer civilly in June 2010, accusing him of “moving investor money through a complex network of foreign bank…

Nov 1, 2011
Arrest Warrant Issued For Jacob Franz Dyck; Purported Florida ‘Sovereign Citizen,’ 72, Wanted For ‘Committing Criminal Acts Through Simulated Use Of The Legal Process,’ Polk County Sheriff’s Office Says

Jacob Franz Dyck, a purported Florida “sovereign citizen,” is wanted on a felony arrest warrant for “Criminal Act Under Color Of Law Or Committing Criminal Acts Through Simulated Use Of The Legal Process,” the Polk County Sheriff’s Office said. Dyck, 72, has been the subject of considerable reporting by the St. Petersburg Times. See story…

Nov 1, 2011
MoneyMakerGroup Ponzi Forum ‘Temporarily’ Closes ‘JustBeenPaid’ Thread After Bickering Between Former Club Asteria Pitchman And Pitchman For ‘New’ Program Trading On JustBeenPaid’s Name

We’ve mentioned it before — and we’ll mention it again. In July 2010, the Financial Industry Regulatory Authority (FINRA) described the HYIP sphere as a “bizarre substratum of the Internet.” It was as good a description as any, and here is yet another case in point: The MoneyMakerGroup Ponzi forum said today that it “temporarily”…

Oct 31, 2011
UPDATE: No Updates On Club Asteria Blog Since Oct. 15, No ‘News’ Site Updates Since Sept. 12; Firm Continues To Publish Red Cross Logo In House Organ And On Purported ‘Philanthropic’ Site Despite Cease-And-Desist Letter; 2008 Cash-Gifting Video With Hank Needham Emerges

Is anybody at home at Club Asteria and the purported Asteria Philanthropic Foundation? And where, precisely, is home? The Club Asteria Blog on a .US domain has not been updated since Oct. 15. In the recent past, the Blog had been updated approximately every three (or so) days, according to the date notations on the…

Oct 31, 2011