Category: Uncategorized
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BULLETIN: Florida — Again: Multiagency Probe Leads To Federal Criminal Charges Against 9 People In Interconnected Ponzi And Fraud Schemes
BULLETIN: An investigation by the U.S. Secret Service, U.S. Immigration and Customs Enforcement (ICE), Homeland Security Investigations (HSI) and the Miami Police Department has led to criminal charges against nine defendants in three Florida fraud schemes that allegedly were interconnected. Seven of the defendants were indicted. Two others were charged via criminal information, and the…
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Judge Effectively Orders Treble Financial Penalty By Imposing $64.8 Civil Fine Against Ponzi Swindler Already Convicted In Criminal Case; Scammer Charles E. Hays Also Ordered To Disgorge $19.9 Million In Illicit Profits And Banned From Trade For Life
UPDATED 2:37 P.M. ET (U.S.A.) If you’re a modern-day commodities fraudster and Ponzi schemer, be prepared to have massive criminal and civil exposure. The recent cases against Charles E. “Chuck” Hays of Minnesota tell a tale of significant prison time, a huge criminal restitution order and civil fines that effectively exposed him to treble damages…
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BULLETIN (UPDATE): Now, A Web-Based ‘Immigration’ Scam Tied To A Telemarketing Scam, FTC Charges; Fraudsters Posed As U.S. Government, Agency Says; 3 People Arrested
BULLETIN: (UPDATED 3 P.M. ET (U.S.A.) The first experience some people seeking to become U.S. citizens had was to be duped by Americans, the Federal Trade Commission has alleged. After a probe involving multiple government agencies, the FTC has gone to federal court in Nevada to block what it described as an “immigration scam.” 3…
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Father, 3 Sons Plead Guilty In Massive Texas Fraud And Ponzi Swindle; Members Of The Tony Rand Family Potentially Face Decades In Prison
Five people — including a father, three sons and a pitchman who doubled as an executive — have pleaded guilty to their roles in orchestrating a $68 million securities-fraud and Ponzi scheme involving fraudulent Texas oil-and-gas investments, federal prosecutors said. The father — William Anthony “Tony” Rand, 69, of Plano — is a recidivist felon…
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UPDATE: South Carolina Pastor Sued By CFTC In Forex Ponzi Scheme Case Now Facing Criminal Charges Of Bank Fraud
Ronald E. Satterfield, the South Carolina pastor accused in a November lawsuit filed by the CFTC of operating a Forex Ponzi scheme from church property and elsewhere, now has been arrested on criminal charges of bank fraud. The Charleston Police Department confirmed Satterfield’s arrest yesterday to the PP Blog. The arrest occurred Thursday, according to…
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CAUTION FLAG: Murky Website With .Org URL Pops Up Online; OnlineInvestmentBank.org Registration Data Hidden Behind Proxy; Claims Huge Commission And Interest Payments — And Exemptions From U.S. Law
An apparent investment and banking website whose domain registration is hidden behind a proxy appears to be preparing to accept money from investors worldwide by planting the seed it is a charitable enterprise. The website of OnlineInvestmentBank.org appears to have been registered just days ago — on Jan. 21. The site suggests it is both…
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Federal Judge Grants Asset Freeze In Bizarre Fraud Case That Allegedly Mixed A Forex Ponzi Scheme With A Cash-Gifing And Tax Scheme; Arizona Resident Anthony Eugene Linton Promised Software System Let Customers ‘Profit Every Time’, CFTC Charges
The assets of an Arizona man who allegedly mixed a Forex Ponzi scheme with a cash-gifting scheme and claimed his software system let clients “profit every time” from trades have been frozen by a federal judge after the CFTC filed an emergency court action. Anthony Eugene Linton of Tucson told investors that entrusting their money…
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Arthur Heffelfinger Sentenced To Prison For Ponzi Scheme That Fleeced 97-Year-Old Widow Suffering From Advanced Dementia
Arthur Heffelfinger, the Montana man accused criminally under state law last year of operating a pyramid promotional scheme and using clients’ money to sustain a Ponzi scheme that had gathered more than $2 million from at least 20 clients, has been sentenced to prison. Heffelfinger, 64, pleaded guilty to Ponzi and theft charges in July…