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BULLETIN: SEC Says St. Louis Man Went On ‘Spending Spree’ With Investors’ Money, Fleecing Them Of More Than $9 Million; Burton Douglas Morriss Charged With Fraud

BULLETIN: The SEC has gone to federal court in Missouri and obtained an emergency asset freeze in a case that alleges a St. Louis man who operated private investment funds misappropriated more than $9 million from investors. Charged in the civil case is Burton Douglas Morriss, 49, and four companies: MIC VII LLC, Acartha Technology…

Jan 18, 2012
BULLETIN: Verdict Goes Against TD Bank In Case Linked To Scott Rothstein Ponzi; Jury Awards $67 Million; Victorious Attorney For Investors Also Is Court-Appointed Receiver In Fraud Case With AdSurfDaily Tie

BULLETIN: A Florida jury found that TD Bank assisted now-disbarred and imprisoned attorney Scott Rothstein in his epic Ponzi scheme and has found the bank liable for $67 million in damages. Read a story in the Sun Sentinel about the federal-court verdict that went against TD Bank. The victorious attorney in the civil case is…

Jan 18, 2012
UPDATE: Fugitives Arrested With AdSurfDaily Figure Kenneth Wayne Leaming File Bizarre ‘Forgive Me’ Pleading In Arkansas Federal Court — AFTER Missing First Filing Deadline

On Nov. 22, 2011, AdSurfDaily figure and purported “sovereign citizen” Kenneth Wayne Leaming was arrested by the FBI in Washington state on charges he filed bogus liens against at least five public officials involved in the ASD Ponzi case. Some ASD members apparently have relied on Leaming for legal advice, even though he is not…

Jan 18, 2012
BULLETIN: Oscar Ramiro Ortega-Hernandez, Accused White House Shooter, Formally Indicted On Charges Of Attempting To Assassinate President Obama; Case Assigned To Judge Collyer

BULLETIN: Oscar Ramiro Ortega-Hernandez, the Idaho man accused in November of shooting at the White House, now has been formally indicted on charges of attempting to assassinate the President of the United States. Ortega-Hernandez, 21, also was accused of assaulting three U.S. officers or employees with a deadly weapon. Whether the officers or employees were…

Jan 17, 2012
SPECIAL REPORT: OWOW, Phil Piccolo-Associated Firm That Pumped Text Cash Network, Purportedly Cited ‘Financial Trouble’ Last Summer And Sought ‘Brand New People’ To ‘Pay Off All Of The Past Commissions And Money Owed To Suppliers’

UPDATED 5:05 P.M. ET (U.S.A.) Did One World One Website Inc. (OWOW) — the Phil Piccolo-associated company that appears to have been given some of the top positions in Text Cash Network (TCN) and recruited a huge downline with the knowledge of TCN management — try to fix its own problems last year by hatching…

Jan 17, 2012
T2’s ‘Dave’ Suggests Police Stood ‘Idly By’ As Trouble Engulfed His ‘Program’ That Advertises Daily Return Of 2 Percent; MoneyMakerGroup Suspends T2 Naysayers After Poster Claims Mod Pitched Dozens Of ‘Programs’ Now In Scams Folder

EDITOR’S NOTE: Our first reference to JSS Tripler 2 (T2), which is trading on the name of an obvious fraud scheme known as JSS Tripler, is here. JSS Tripler is part of a larger fraud scheme known as JustBeenPaid, which was pushed by members of the alleged AdSurfDaily Ponzi scheme and any number of Ponzi-forum…

Jan 15, 2012
BULLETIN: 6-Time Felon Sentenced To 12 Years In Ponzi Scheme; Anthony Ray Will Serve ‘Every Day Of His . . . Sentence,’ Georgia Prosecutors Say

BULLETIN: A six-time felon who hatched a real-estate Ponzi scheme and swindled a dozen investors out of $660,000 has been sentenced to 12 years in a Georgia state prison, the office of DeKalb County District Attorney Robert James said. Anthony Ray ripped off his own flesh and blood and met some of his victims at…

Jan 12, 2012
‘DAVE’ UPDATE: JSS Tripler 2 (T2) Blocks Public Access To Forum; Purported ‘Admin’ Claims Members Distorting ‘The Facts’ As He Announces ‘Scan’ Of Member-Critics On MoneyMakerGroup; Faith Sloan Chides Legendary Huckster ‘Ken Russo’ With ‘Oopsies’

UPDATE: “Dave,” the purported “admin” of an increasingly bizarre HYIP known as JSS Tripler 2 (T2), has blocked public access to the T2 forum. T2, which purportedly was born after a meeting of Ponzi-forum minds, is using payment processors notoriously friendly to Ponzi and fraud schemes. The “program” is trading on the name of a…

Jan 12, 2012
BULLETIN: Jenifer Devine, New Jersey Woman At Helm Of ‘Wholesale Fraud,’ Sentenced To 37 Months For Ponzi Scheme

Jenifer Devine, the New Jersey woman accused of presiding over a Ponzi scheme involving a purported wholesale clothing and electronics business, has been sentenced to 37 months in federal prison, federal prosecutors said. Devine, 40, of Fair Lawn, was arrested in November 2010, amid allegations she lured investors with outsize returns of up to 25…

Jan 11, 2012
BULLETIN: ‘Trust Account’ For Accused Ponzi Schemer Andy Bowdoin ‘Currently Unable To Receive Money’; Is Bowdoin Encountering New Troubles In Wake Of ‘OneX’ Promos?

UPDATED 6:31 P.M. ET (U.S.A.) A website collecting money through PayPal for the criminal defense of accused Ponzi schemer Andy Bowdoin of AdSurfDaily appears to have lost its ability to gather funds designated for an attorney’s “trust account.” This message (next paragraph) appears if would-be Bowdoin sympathizers click on any of a number of payment…

Jan 11, 2012
EDITORIAL: Recruiting Seniors Into Your Downline? Why Ponzi-Forum Purveyors And Pimps Should Pay Attention To Dennis Bolze’s Failed Bid To Have His 27-Year-Prison Sentence Reduced

EDITOR’S NOTE: The U.S. Court of Appeals for the Sixth Circuit yesterday rejected the bid of convicted Tennessee fraudster and Ponzi schemer Dennis Bolze to have his 27-year prison sentence reduced. Although Bolze did not operate the sort of HYIP typically promoted on Ponzi boards such as TalkGold and MoneyMakerGroup, he advanced some of the…

Jan 10, 2012