PatrickPretty.com

Category: Alleged Ponzi Schemes

BULLETIN: Florida Man, 71, Booked Into Alabama Jail On Theft Charges; James Leonard Craft Is Subject Of Probe By Alabama Securities Commission Into Purported ‘South American’ Railroad Cross Ties; Some Strange Parallels To ASD Case Emerge

BULLETIN: The cavalcade of senior citizens implicated in alleged securities schemes continues. James Leonard Craft has been taken from a jail cell in Florida and placed in one in Alabama to answer felony charges that he was at the helm of a securities swindle. Craft, 71, of Milton, Fla., originally was arrested in Florida Sept.…

Oct 8, 2011
UPDATE: ASD Figure Kenneth Wayne Leaming’s Firm Listed As Registered Agent For At Least 73 Firms, Including Companies That Use The Words ‘Homeland Security,’ ‘Federal Asset’ And ‘JP Morgan’

UPDATED 12:52 P.M. EDT (OCT. 9 U.S.A.) A week ago, some AdSurfDaily members received an email that encouraged them to “name” federal prosecutors, a federal judge and a U.S. Secret Service agent as “thieves” and to file documents at the “county” level identifying the public officials as such. The email led to questions about whether…

Oct 8, 2011
DURANGO HERALD: Attorney Says His Client Was Ponzi Player Who Tried To ‘Scam The Scammers’; E-Bullion’s Name Surfaces In Illustrative Case Of Frederick H.K. Baker, Who Is Sentenced To Federal Prison

In July 2010, FINRA memorably described the HYIP sphere as a “bizarre substratum of the Internet.” The regulator warned about “online payment systems” that are used for criminal activity, noting that some fraud purveyors discuss subjects such as how to “build a winning HYIP portfolio” and how “to ‘ride the Ponzi’ and get in and…

Oct 8, 2011
URGENT >> BULLETIN >> MOVING: Feds Make 3 Arrests In New York In Alleged ‘Green’ Ponzi Caper; SEC Files Emergency Parallel Action To Halt Alleged $26 Million Swindle Over Which Convicted Felon Presided With Alleged Help From Attorney

URGENT >> BULLETIN >> MOVING: A bizarre case featuring spectacular allegations of Ponzi fraud coupled with verbal strong-arming of victims is unfolding in New York. Three people have been arrested by federal agents, and the SEC has filed an emergency action in federal court to halt what it described as a “green-product themed Ponzi scheme”…

Oct 6, 2011
BULLETIN: 77-Year-Old Ponzi Enabler And His 40-Year-Old Son Who Helped Confuse Investors In Nevin Shapiro’s $930 Million ‘Grocery’ Ponzi Sentenced To Federal Prison; Roberto And Alejandro Torres Also Hit With $82 Million Restitution Order

BULLETIN: Yesterday a federal judge in Michigan sentenced 75-year-old Ponzi schemer Edward May to 16 years in federal prison for pulling off a $350 million fraud. Today in New Jersey — in a separate case — a 77-year-old Ponzi enabler and his Ponzi-enabling, 40-year-old son were sentenced to combined prison terms of just shy of…

Oct 5, 2011
BULLETIN: Senior Ponzi Schemer Edward May, 75, Sentenced To 16 Years In Federal Prison; $350 Million Ponzi Swindle Called Largest In Eastern Michigan History

BULLETIN: Edward May, 75, effectively has been sentenced to life in prison for orchestrating an elaborate Ponzi scheme that gathered about $350 million and fleeced 1,200 people. Many of his victims were fellow senior citizens, although May also altered the lives of younger victims. Prosecutors described the May Ponzi as the largest in the history…

Oct 4, 2011
BULLETIN: California Woman Pleads Guilty In ‘Christian Rock Concerts’ Ponzi Scheme; Recidivist Swindler Lauren Baumann Used Money From Latest Scam To Pay $10,000-A-Month Mansion Rent, Prosecutors Say

BULLETIN: A California woman has pleaded guilty to wire fraud in a Ponzi scheme in which investors were falsely told their money was being used to fund “Christian rock concerts” and to flip real estate at a profit. Lauren Baumann, 43, of Downey, was a recidivist huckster who failed to disclose she’d been sued for fraud…

Oct 4, 2011
UPDATE: Federal Prosecutors Have ‘No Comment’ On ASD-Related Email That Encouraged Members To Identify Public Officials As ‘Thieves’ And Send ‘Certified’ Copy Of Theft Claims To Home Of U.S. Chief Justice

UPDATED TO ADD COMMENT FROM U.S. MARSHALS SERVICE AT 3:21 P.M. EDT (U.S.A.) Federal prosecutors in the District of Columbia this morning declined to comment on an email received Saturday by some AdSurfDaily members that encouraged them to file documents at the “county” level and “name” federal officials as “thieves.” Prosecutors also declined to comment…

Oct 3, 2011
SPECIAL REPORT: Email Encourages AdSurfDaily Members To Identify Federal Prosecutors, Federal Judge And Secret Service Agent As ‘DOJ Thieves’ In County-Level Filings — And To Send ‘Certified Copy’ Of Claims To Home Address Of Chief Justice Of The United States

EDITOR’S NOTE: A week after the U.S. Department of Justice, the U.S. Secret Service and federal prosecutors in the District of Columbia put $55 million from civil judgments back in the pockets of AdSurfDaily members as the criminal prosecution of ASD President Andy Bowdoin continues, a new effort by some ASD members to undermine the…

Oct 2, 2011
URGENT >> BULLETIN >> MOVING: Richard Dalton, Marie Dalton Arrested In Atlanta; Colorado Couple Implicated In Bizarre Ponzi Scheme And Will Be Prosecuted In Denver By Special Government Counsel From Kansas

URGENT >> BULLETIN >> MOVING: A Colorado husband and wife have been arrested by federal agents in Atlanta and will be returned to Denver to be prosecuted by special government counsel brought in from Kansas, authorities said. Why special counsel was appointed to oversee the prosecution of Richard and Marie Dalton was not immediately clear.…

Sep 30, 2011
Jury Convicts Florida Woman Who Ran Bizarre Ponzi And Fraud Scheme With Husband; Marian I. Morgan Guilty On All 22 Counts, Including Wire Fraud And Money-Laundering

A 57-year-old Florida woman who ducked out of the United States with her husband after becoming implicated in a $28 million HYIP/prime-bank swindle has been found guilty of wire fraud, money-laundering, conspiracy, interstate/foreign transportation of stolen funds and tax crimes, U.S. Attorney Robert E. O’Neill of the Middle District of Florida announced. The investigation into the…

Sep 30, 2011