Category: Uncategorized
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UPDATE: U.S. Attorney Says Ponzi Sentences Handed Down To The ‘3 Hebrew Boys’ Were Longest In History Of South Carolina District; Forex Fraudsters Bought $5 Million Private Jet, $900,000 ‘Party Bus’
UPDATED 4:16 P.M. ET (U.S.A.) Yesterday U.S. District Judge Margaret B. Seymour of the District of South Carolina sentenced the “3 Hebrew Boys” — Tony Pough, Joseph Brunson and Timothy McQueen — to a combined total of 84 years in federal prison for a massive Forex fraud and Ponzi scheme. Today the region’s top prosecutor…
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Judge Halts Alleged Sweepstakes Scam That Traded On Name Of Government And Used ‘Official Looking Seals,’ FTC Says; Schemers Tried To Dupe ‘Hundreds Of Thousands’ Of Consumers
A federal judge in California has halted a marketing scheme in which the symbols and language of government and the names of bogus government agencies with “official sounding names” were used to trick consumers into believing they’d won a sweepstakes, the FTC said. Twelve defendants have been charged in the alleged scheme, which charged consumers…
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BULLETIN: Court Dismisses Bizarre, ASD-Connected Lawsuit Filed By Leaming, Oesch; ‘Complaint Deteriorates Into Rambling,’ Judge Says
BULLETIN: A bizarre lawsuit filed against the U.S. government by AdSurfDaily figures Kenneth Wayne Leaming and Christian Oesch has been dismissed. In dismissing the complaint, Judge Christine Odell Cook Miller of the U.S. Court of Federal Claims agreed with the government’s contention that the court had no jurisdiction to hear the claim. The judge described…
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DISTURBING: Out On Bail After Ponzi Arrest, Is Andy Bowdoin Giving Marching Orders? Email Attributed To Former ASD Executive Gary Talbert Advises Members To Tell Claims Processor They Were Purchasing ‘Advertising’
UPDATED 9:28 A.M. ET (U.S.A.) On Dec. 1, a federal magistrate judge set bail of $350,000 for AdSurfDaily President Andy Bowdoin and ordered him not to commit a federal, state or local crime after his arrest by the U.S. Secret Service on charges of wire fraud, securities fraud and selling unregistered securities. Bowdoin, 76, was…
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LETTER TO READERS: Reflections On 1,000 PP Blog Posts, The Lionization Of Fools And An Unprecedented Crime Wave That Threatens National Security And Is Filling Stadiums With Victims
Dear Readers, This is actually Post No. 1,007 since the PP Blog switched to the WordPress platform two years ago this month. We’d hoped to commemorate our 1,000th WordPress post in the actual 1,000th post, but missed the chance because of Breaking News concerning the Financial Fraud Enforcement Task Force’s Operation Broken Trust. Several hours…
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BULLETIN: Madoff’s Son Found Dead In New York On Second Anniversay Of Father’s Arrest, New York Times Reports
BULLETIN UPDATED 11:51 A.M. ET (U.S.A.): Mark Madoff, the older of Ponzi swindler Bernard Madoff’s two sons, has been found dead in New York on the second anniversary of his father’s arrest, the New York Times is reporting. The death was the apparent result of a suicide by hanging, the newspaper reported. Mark Madoff’s body…
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BULLETIN: Man Arrested In Alleged Plot To Detonate Car Bomb At Military-Recruitment Center In Maryland; Second Such Plot In United States Since Thanksgiving
BULLETIN: UPDATED 4:03 P.M. ET (U.S.A.): A man has been arrested in a plot to detonate a car bomb at a military recruitment center in Maryland. The alleged plot was intercepted by the FBI. In court documents, the FBI identified the man as Antonio Martinez, also known as Muhammad Hussain. He was charged with attempted…
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BULLETIN: Company That Did Business With Steve Renner’s Cash Cards International Charged In Massive Forex Swindle; Case Against MXBK Group S.A. De CV Grew Out Of Cooperative Probe Among SEC, CFTC, FBI And IRS; SEC Charges Pitchmen With Blindly Promoting Scam, Even After Collapse
BULLETIN: UPDATED 9:18 A.M. ET (U.S.A., DEC. 8.) A Mexican company listed as a customer of Steve Renner’s Cash Cards International (CCI) in a 2005 scam known as MegaFund now has been charged by the CFTC with running a massive Forex fraud scheme that gathered at least $28 million from more than 800 U.S. customers.…
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BULLETIN: Former Pastor Sentenced To 54 Years In Indiana Ponzi And Affinity Fraud Scheme; Investors Believed They Were Funding Church-Building Projects
BULLETIN: Vaughn Reeves has been sentenced to 54 years in prison after bilking Christians in a $120 million Ponzi- and affinity-fraud scheme in Indiana. Reeves, a former church pastor, is 66. He told investors in Alanar Inc. that it was their “Christian responsibility” to become pitchmen for his then-undiscovered bond scheme. Congregants believed they were…