Category: Uncategorized
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DONATION (RE)POST: The Ponzi/Fraud Scourge Continues
Dear Readers, In Italics below is a repost of our Dec. 15 donation post. Hate to pass the hat again so soon, but we’re at the edge of an abyss and are still short . . . We’re midway through December [reposted Dec. 25, Christmas night] and are facing the challenge of carving out a…
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REPORTS: FBI Arrests Purported ‘Sovereign Citizen’ And Fugitive Shawn Rice After Arizona Standoff
Shawn Rice, a purported “sovereign citizen” the FBI described in March 2011 as a “fugitive,” has been arrested in Seligman, Ariz. The Arizona Republic is reporting that the arrest occurred at 5:30 p.m. local time yesterday after a standoff that ended peacefully after negotiations with Rice, who had barricaded himself inside a house. Rice, whom…
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STATEMENT: ‘Swarm’ Affects PP Blog Publishing Operations
STATEMENT: At approximately 8:33 a.m. today, a sudden swarm of international traffic affected the PP Blog’s server and its publishing operations. Like previous unusual incidents, the swarm consisted almost entirely of international IPs, many of which were recording their first “visit” to the Blog. This morning’s swarm appears to have been almost exclusively targeted at…
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BULLETIN: SEC Charges 2 Executives Of Purported Clean-Coal Firm In Alleged $43 Million Offering Fraud; 1 Of Them Has Conviction For Bank Fraud And Was Arrested Dec. 1 Amid Allegations He Was Flogging New Offer In Violation Of Plea Agreement
BULLETIN: The SEC has gone to federal court in Minnesota, alleging that two executives of a clean-coal tech firm repeatedly lied to investors and that one of the executives had a conviction for bank fraud — a fact not disclosed to investors when the company was trawling for cash and using unregistered brokers to do…
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BULLETIN: First, Notre Dame’s ‘Rudy’ — Now, Willie Gault Of The ‘Super Bowl Shuffle’ Chicago Bears; SEC Charges Former NFL Wide Receiver In Alleged Stock Caper; Feds Arrest Lawyer
BULLETIN: The SEC has gone to federal court in the Central District of California to charge former U.S. Olympian and NFL wide receiver Willie Gault in an alleged stock scheme involving Heart Tronics Inc. Gault, 51, was a member of the 1980 U.S. Olympic Team that boycotted the summer games in Moscow. He later played…
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UPDATE: Jeffery L. Groendyke, Michigan Man Accused In Forex Ponzi Scheme, Ordered To Pay Nearly $1.4 Million In Restitution And Penalties
Jeffery L. Groendyke, the Michigan man accused by the CFTC in May of targeting people of faith and others in a Forex Ponzi scheme, has been ordered to pay $963,141 in restitution and a $420,000 civil penalty. U.S. District Judge Robert J. Jonker issued the order against Groendyke by consent, finding that he fraudulently solicited…
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UPDATE: Criminal Prosecutors Say Jason Bo-Alan Beckman Stole Nearly $4 Million From Elderly Husband And Wife; Wife A Stroke Victim With ‘Hemispheric Paralysis,’ According To Court Records; Beckman’s Manipulations Amount To ‘Contumacious Disobedience,’ SEC Says
UPDATE: Facing a margin deficit of more than $10 million and at risk of having his trading account closed in February 2008, Jason Bo-Alan Beckman — a figure in the Trevor Cook Ponzi scheme — sought to address the whopping shortfall and prop up the monumental fraud by stealing about $3.9 million from an elderly…
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SENIOR FRAUD CAVALCADE CONTINUES: Alleged ‘Airplane Parts’ Ponzi Scheme Lands 78-Year-Old Man In Florida Jail; Roger Green And Alleged Accomplice Charged With Racketeering
Saying that money-laundering and securities fraud were part of a $7 million Ponzi scheme involving aircraft parts, the Florida Department of Law Enforcement (FDLE) has arrested two men, charging them with racketeering. Roger Green, 78, remains in custody at the Broward County Jail. Alleged accomplice Victor Brown, 55, of Hollywood, was freed after posting bail.…
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BULLETIN: NOTRE DAME HEARTBREAKER: Legendary Fighting Irish Football Walk-On Daniel ‘Rudy’ Ruettiger Charged With 12 Others In Alleged $11 Million ‘Pump And Dump’ Penny-Stock Swindle
BULLETIN: The SEC has charged Daniel “Rudy” Ruettiger and 12 others — including a disbarred attorney — in an alleged penny-stock swindle that gathered $11 million. The civil case is filed in U.S. District Court in Nevada. Ruettiger, 63, of Las Vegas, was the inspiration behind the movie “Rudy,” which depicted his drive to make…