Category: Uncategorized
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URGENT >> BULLETIN >> MOVING: SEC Charges Shervin Neman In Alleged Ponzi Scheme Targeted At Los Angeles Persian-Jewish Community; Federal Judge Issues Emergency Asset Freeze
URGENT >> BULLETIN >> MOVING: The SEC has gone to federal court in Los Angeles, alleging that a California man was operating a $7.5 million Ponzi scheme targeted at the Persian-Jewish community. U.S. District Judge Jacqueline H. Nguyen has issued an emergency asset freeze. Charged in the alleged affinity-fraud caper was Shervin Neman, 30, of…
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KABOOM! Judge Sentences 2 Swindlers Who Presided Over Pyramid Scheme And Stock-Fraud Caper To A Combined 64 Years In California State Prison
James A. Sweeney II and Patrick M. Ryan — the two men who presided over the Big Co-op Inc. and Ez2Win.biz online pyramid scheme and stock swindle — have been sentenced to a combined 64 years in state prison, California Attorney General Kamala D. Harris announced. Sweeney, 64, of Afton, Tenn., was sentenced to 33…
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FEDS: Former California National Guard Base Commander Timothy Melvin Murphy Pleads Guilty To Bilking $2.7 Million In Ponzi And Fraud Caper
The onetime commander of the California National Guard base in Los Alamitos has pleaded guilty to mail fraud in a Ponzi scheme that defrauded 28 investors of $2.7 million, federal prosecutors said. Ret. Col. Timothy Melvin Murphy, 70, of Orange, ran his investment scam through an entity known as Capital Investors Inc., also of Orange,…
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BULLETIN: Idaho Man Allegedly Ran Forex Ponzi Scheme And Duped Investors With Fake Asset Freeze And Forged Documents Purporting To Be From CFTC Official And Judge; Brad Lee Demuzio Sued Civilly, Charged Criminally
BULLETIN: (UPDATED 4:14 P.M. EDT U.S.A. APRIL 14) The CFTC has gone to federal court in Idaho, alleging that Brad Lee Demuzio of Chubbuck was running a Forex Ponzi scheme that tanked. Unable to make payouts, Demuzio “fabricated a letter purporting to be from the CFTC and bearing the fraudulently copied signature of a CFTC officer,…
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URGENT >> BULLETIN >> MOVING: SEC Charges Ephren W. Taylor II In Alleged Ponzi Scheme Targeting African American Church Congregations; Media Darling Hailed Himself A ‘Social Capitalist’ And Youngest Black CEO Of A Public Company
“Ephren Taylor professed to be in the business of socially-conscious investing. Instead, he was in the business of promoting Ephren Taylor. He preyed upon investors’ faith and their desire to help others, convincing them that they could earn healthy returns while also helping their communities.” — David Woodcock, director of the SEC’s Fort Worth Regional…
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BULLETIN: Rhode Island Man, 81, Ran ‘Self-Contained’ Ponzi Scheme For 10 Years; Martin B. Feibish Pleads Guilty To Defrauding $5 Million From Florida Resident
BULLETIN: An 81-year-old Rhode Island man ran a “self-contained” Ponzi scheme between 2001 and 2011 and defrauded a Florida investor out of $5 million, federal prosecutors said. Martin B. Feibish of Providence now joins a list of senior-citizen Ponzi swindlers. He pleased guilty today to one count of mail fraud and one count of filing…
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URGENT >> BULLETIN >> MOVING: Ponzi Schemer And Recidivist Felon Robert Stinson Jr. Sentenced To More Than 33 Years For ‘Life’s Good’ Caper
URGENT >> BULLETIN >> MOVING: Robert Stinson Jr., the Philadelphia-area Ponzi schemer who was wiring stolen funds from one account to another even as the FBI was conducting a raid in 2010, has been sentenced to 400 months in federal prison. The term amounts to more than 33 years. Stinson, a 57-year-old securities huckster and…
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FEDS: Florida Attorney Conspired With Ponzi Schemer Scott Rothstein To Run Electioneering, Check-Kiting And Tax Scams And Prop Up Cash-Gushing Law Firm
Fort Lauderdale lawyer Steven N. Lippman conspired with now-disbarred attorney, convicted racketeer and Ponzi schemer Scott Rothstein to prop up the Rothstein, Rosenfeldt and Adler (RRA) law firm through electioneering, check-kiting and tax scams, federal prosecutors charged yesterday. A 70-attorney firm that employed about 150 staff members, RRA collapsed in the wake of Rothstein’s epic…
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REPORT: Ponzi Pitchman Found Dead In Florida Of Apparent Suicide
Daniel Joseph Sebastian, accused last year by the SEC of being a pitchman for the James D. Risher Ponzi scheme, has been found dead in Florida of an apparent suicide, The Ledger.com is reporting. Risher, a 61-year-old recidivist felon last living in Sanibel, Fla., pleaded guilty to Ponzi-related offenses last year and was sentenced to…