Category: Uncategorized
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Missouri Man Banned From Investment Trade After Secretary Of State’s Office Discovers He Sold Unregistered Securities Of ‘Time-Share’ Resort To Senior Citizens In Their Eighties
A Missouri man who worked for a legitimate investment business near St. Louis sold unregistered securities in a Wisconsin-based, time-share “resort” business to elderly clients, Missouri officials said. The securities came in the form of “unregistered real estate investments,” the officials said. James McClellan Jr., of Chesterfield, never told 18 Missouri investors — at least…
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BULLETIN: National Institutes Of Health Says OWOW Multilevel-Marketing Firm Using Agency Press Release On Cancer Research Inappropriately; Separately, Piccolo Says ‘Magnetic’ Product Prevented Amputation — And Also Helps Tomatoes Grow
BULLETIN: The National Institutes of Health (NIH), a division of the U.S. Department of Health and Human Services, said this morning that the OWOW multilevel-marketing program was using agency materials on cancer research inappropriately. OWOW is associated with Internet Marketer Phil Piccolo. The company has positioned at least two products sold MLM-style as cancer cures…
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BULLETIN: Salt Lake City Man Arraigned In Atlanta On Charges Of Running Ponzi And Fraud Scheme In Which Tens Of Millions Of Dollars Mysteriously Vanished Offshore; Canadian Also Charged In Alleged Caper
BULLETIN: Two men — one from Salt Lake City, the other from Belleville, Ontario — have been charged by federal prosecutors in Atlanta with operating a Ponzi and fraud scheme in which tens of millions of dollars mysteriously disappeared overseas. Thomas Repke, 57, was arraigned today in Atlanta. Prosecutors said he worked with the Canadian…
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BULLETIN: Now, An Investment-Fraud Scheme Targeted At Indian-Americans And Members Of The Hindu Faith; SEC Says Amit V. Patel Of Minnesota Poses ‘Danger To The Investing Public’
BULLETIN: The SEC has obtained an asset freeze against a Minnesota man in an alleged investment- and affinity-fraud scheme targeted at Indian-Americans and followers of the Hindu faith. Amit V. Patel of Shoreview raised “at least $2.5 million from at least five individuals that he met in the Indian-American community and Hindu temples in Minnesota,”…
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New Jersey AG Says Firm Was Running $40 Million Ponzi Scheme; Carr Miller Capital LLC’s Advisory Registration Revoked; Investigators Charge That Firm Used Millions To Buy Cars And Luxury ‘Sky Box’ For Hockey Games
KABOOM! Carr Miller Capital LLC, its associated advisory busineses and its principals have been stripped of their advisory registrations and charged in New Jersey with operating a Ponzi scheme that sold unregistered securities and gathered at least $40 million, state prosecutors said. At least $36 million of the $40 million came from individuals or IRAs…
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‘In God We Trust’ Scammer Who Fleeced Investors Sentenced To 15 Years In Prison; Byron Keith Brown Traded On God’s Name And U.S. Motto To Steal Millions From Clients Of Unlicensed Investment Business
An affinity fraudster and financial scammer has received a 15-year prison sentence in the “In God We Trust” caper, an online Ponzi scheme that traded on religion and patriotic sentiments while gathering more than $17 million. Byron Keith Brown, 34, of Vienna, Va., also was ordered by U.S. District Judge William M. Nickerson of the…