Category: Uncategorized
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A NEW WORLD SPEED RECORD? Alabama Jury Takes Only 28 Minutes To Convict Man Of Selling Unregistered Securities; Scott Frye Initially Fled To Philippines, But Small U.S. Community Wouldn’t Be Denied Justice
Want to mess with Alabamans in the securities fraud era? Don’t do it in Coffee County. A jury there took just 28 minutes to convict Scott Frye on five counts of selling unregistered securities or causing them to be sold. That’s an average of 5.6 minutes of deliberations per count. The case was prosecuted by…
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BULLETIN: FTC Goes To Federal Court To Take Down Alleged Acai Berry Scam Operating On ‘Fake News Websites’; Some Domains Listed In Complaint Now Load Error Messages Or Blank Pages
BULLETIN: (Also see editor’s note below.) The Federal Trade Commission says a major law-enforcement initiative is under way to stop an acai-berry weight-loss scam that features “fake” news stories on websites that appear to be real media outlets but are really just sites that flog acai products. The agency appears to have filed at least…
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FEDS: Man Ran Theft Scheme From FTC Headquarters, Stealing More Than $218,000 From Consumer Watchdog Agency; Harold Hughes Faces Up To 10 Years In Prison After Guilty Plea
Two weeks after an employee of the U.S. Food and Drug Administration was accused of stealing confidential information from a government database to profit from illicit stock trades, another government employee accused in a separate case of taking advantage of his position to commit a crime has pleaded guilty. Harold Hughes, 58, of Arlington, Va.,…
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BULLETIN: Corrupt MLMers Found Guilty Of Operating Pyramid Scheme And Stock Swindle; James A. Sweeney And Patrick M. Ryan Face Decades In Prison
BULLETIN: In a case that could have been taken from the MLM and security swindler’s playbook, James A. Sweeney and Patrick M. Ryan have been found guilty by a state jury in California of operating a pyramid scheme and stock fraud and stealing $8.2 million after soliciting business at “seminars.” The men face more than…
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Club Asteria Pitchman Uses Name Of Another Famous Bank In Ponzi-Forum Promo For ‘ThatFreeThing’; No Immediate Comment From JP Morgan Chase
UPDATED 10:51 A.M. EDT (U.S.A.) The name of JPMorgan Chase — one of the most prominent financial institutions in the world — is being used by “manolo” in a pitch for the ThatFreeThing (TFT) MLM program on the TalkGold Ponzi scheme and criminals’ forum. “manolo” also is promoting Club Asteria (CA), a highly questionable “program”…
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URGENT >> BULLETIN >> MOVING: Prosecutors, FBI, U.S. Marshals Move Against ‘Coreflood’ Botnet; Seize 29 Domains, Execute Search And Seizure Warrants Amid Allegations Of Theft, Wire Fraud; Defense Contractor Allegedly Targeted By International Criminal Network
BULLETIN: A federal judge in Connecticut has authorized the seizure of 29 domain names tied to the alleged “Coreflood” botnet and malware network and ordered registrars and DNS providers to neutralize what prosecutors have described as a threat to U.S. national and economic security. The judge ordered the network architecture to be nulled after reviewing…
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BULLETIN: Feds, CFTC File Stunning Allegations Of Multimillion-Dollar Fraud Against Purported Forex Trader Who Filed Bizarre Documents In NFA Disciplinary Case; Lyndon Lydell Parrilla Arrested In California
A California man who allegedly once defended himself in a disciplinary case by advising the National Futures Association that he was “a living breathing free Man upon the free soil” and an “American citizen of the American Republic” has been arrested by federal agents on charges of defrauding investors of $5 million in a Forex…
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Florida Captures ‘Most Wanted’ Insurance Fraudster; Erline Telfort Accused Of Operating Ponizi Scheme To Steal From Finance Company
Florida officials have announced the capture of Erline Telfort, one of the states “Most Wanted” insurance criminals. Telfort, of Broward County, was accused of operating a $500,000 Ponzi scheme and defrauding a finance company. Her arrest was announced by Jeff Atwater, the chief financial officer of Florida. “This arrest is a direct reflection of the…
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JUSTICE DEPARTMENT OFFICIAL: ‘Massive Proceeds’ From Online Crime And Unknown Destinations Of Money Pose Security Risk That ‘Cannot Be Ignored’
In testimony today, Deputy Assistant Attorney General Jason Weinstein told members of the Senate Judiciary Subcommittee on Crime and Terrorism that cybercriminals are posing “ongoing threats” to the U.S. information and financial infrastructure. The threats are posed by “nation-states, criminals, and terrorists who exploit our pervasive dependency on information technology to misappropriate or destroy information,…
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‘Bo’ Beckman’s 11-Room Florida Ponzi Palace Has Screened-In, Heated Pool, Spa, ‘Summer Kitchen,’ Game Room, View Of Golf Course And Two Garages, Appraiser’s Report Says
As alleged Ponzi palaces go, Jason ‘Bo’ Alan Beckman’s Florida property is hardly the gaudiest. Even so, the 11-room home in Palm City has features and amenities many Americans only dream about. But one group of Americans — victims of the Trevor Cook Ponzi scheme — are likely only to have only bad dreams about…