Category: Uncategorized
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Barack Obama Reelected; Gov. Romney Gracious In Defeat
Barack Obama defeated Gov. Mitt Romney in the U.S. Presidential election yesterday. Romney, a prominent businessman and the former Massachusetts governor, first conceded the election in a private phone call with Obama — and then appeared before Romney partisans early this morning to thank them for their commitment to his candidacy and to concede publicly.…
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BULLETIN: British Ponzi Schemer Sentenced To 13 Years In Prison; Judge Cites Nicholas David Andrew Levene’s ‘Rank Dishonesty,’ Prosecutors Say
BULLETIN: Nicholas David Andrew Levene, the 48-year-old London stockbroker and Ponzi schemer, has been sentenced to 13 years in prison, the Serious Fraud Office announced. His Honor Judge Beddoe ordered the sentence after Levene was convicted in September of 12 counts of fraud, one count of false accounting and one count of obtaining a money…
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Jury Returns Verdicts Against Purported Texas ‘Sovereign Citizen’ In Less Than 3 Hours; Patrick Cody Morgan Potentially Faces Decades In Jail After Conspiracy And Bank-Fraud Convictions In Condo Swindle
Purported “sovereign citizen” Patrick Cody Morgan has been convicted of conspiracy and nine counts of bank fraud, prosecutors in the Southern District of Texas said. Morgan, 45, resides in Alvin. His trial lasted two days, and a jury returned the verdicts after deliberating for less than three hours, prosecutors said. The Morgan scam involved repeated…
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UPDATE: Judge Grants Zeek Receiver’s Request To Treat Preliminary Liquidation Plan As Ponzi Case’s First Status Report
Senior U.S. District Judge Graham C. Mullen has granted the request of the receiver in the Zeek Rewards Ponzi scheme case to treat the preliminary liquidation plan filed Oct. 8 as the first status report in the case. Receiver Kenneth B. Bell said earlier this week in court filings that the request, if granted, would…
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76-Year-Old Texas Scammer Who Ran Ponzi Scheme While Awaiting Trial In Earlier Fraud Case Sentenced To 10 Years In Federal Prison
First, Robert Hague-Rogers, 76, of Frisco, Texas, stole funds from pension plans, prosecutors said. Hague-Rogers operated Dallas-based HR Financial Services and HR Sales and Marketing, both of which were in the insurance business, prosecutors said. In February 2011, he was indicted on charges of directing “money transfers and cash withdrawals from and between himself and…
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SEC Issues Investor Alert: ‘Be On The Lookout For Investment Scams Related To Hurricane Sandy,’ Agency Says
Hurricane Sandy pounded New Jersey, New York and other parts of the eastern United States this week. The New York Daily News, via the Associated Press, reported today that the storm’s death toll has reached 74 in the United States. Reuters is reporting the death toll in “North America” has reached “at least 82.” The…
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BULLETIN: First Round Consisting Of 1,200 Subpoenas Will Go Out This Week To Zeek ‘Affiliates Who Profited Most,’ Receiver Says; More Subpoenas Will Follow; Winners Also Will Receive ‘Letter Offering To Negotiate Voluntary Surrender Of Profits’
UPDATED: 7:08 P.M. EDT (U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi scheme case has announced that about 1,200 subpoenas will go out this week to “affiliates who profited most from ZeekRewards.” It’s “victims’ money, really,” receiver Kenneth D. Bell said in a letter posted on the receivership website. “The subpoenas ask for financial…
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FEDS: Man Tried To Scam Zuckerberg, Facebook Out Of Billions ‘By Marching Into Federal Court For A Quick Payday Based On A Blatant Forgery’
A New York man tried to scam Mark Zuckerberg and Facebook out of billions of dollars by forging documents and filing a lawsuit to make it appear as though Zuckerberg had promised him a 50 percent share of the company, prosecutors said. Paul Ceglia, 39, of Wellsville, was arrested this morning after an investigation by…