Category: Uncategorized
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KABOOM! FTC Says ‘Medical Discount’ Hucksters Used Images Of Obama, Words From Congressional Speech To Fleece Customers; Receiver Already Has Seized Website; Feds, 24 States Launch Fraud Crackdown
EDITOR’S NOTE: Some readers will recall that one of the Secret Service’s allegations in the AdSurfDaily Ponzi case is that pitchmen tried to sanitize the scheme by making false claims that ASD President Andy Bowdoin had received an award for business acumen from President George W. Bush and Vice President Dick Cheney. Others will recall…
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BULLETIN: Data Network Affiliates Gets ‘F’ From BBB After Purported Data Firm Did Not Respond To Complaints
BULLETIN: The Better Business Bureau of Southeast Florida and the Caribbean has given Data Network Affiliates (DNA) an “F” rating after the company failed to respond to complaints. DNA, a purported multilevel-marketing (MLM) firm, publishes a street address in Boca Raton, Fla., on its website. The BBB’s file on DNA lists the Boca Raton address.…
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‘Con Artists’ Who Ran Domain-Renewal Scam Hit With $4.2 Million Judgment; Thousands Of Website Owners Tricked Into Paying Bogus Bills, FTC Says
Thousands of U.S. consumers, businesses and nonprofits were tricked into paying “bogus bills” for the renewal of their website domains by “con artists” in Canada, the FTC said. A federal judge now has issued judgments of more than $4.2 million against the accused scammers. In the cases of three defendants, the judgment was suspended based…
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MORE SLEEPLESS NIGHTS FOR HYIP SCAMMERS? SEC Whacks Another ‘Small’ Ponzi; Agency Says Firm Used Asset ‘Freeze’ Ruse To String Along Victims
EDITOR’S NOTE: The SEC complaint against Candice D. Campbell is yet-another case apt to cause unease in the incongruous worlds of online HYIP, autosurf and investment fraudsters. Among the allegations against Campbell, a purported day-trader and “CFO” of an unincorporated, Canton, Mich.-based company known as CJ’s Financial, is that she lied to investors and used…
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BULLETIN: Minnesota Ponzi Scheme Bilked Banks Of $80 Million, Feds Say; Corey N. Johnston Charged With Bank Fraud, Tax Crime
Another spectacular Ponzi case has emerged in Minnesota just months after federal prosecutors charged Trevor Cook in an alleged $190 million scam and Tom Petters was convicted in a $3.65 billion scam. Charged in a new scheme today was Corey N. Johnston of Lakeville, a Minneapolis suburb. The Minneapolis/St. Paul region also is the home…
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EXPLOSIVE REVELATION: FBI, IRS Find More Than $400,000 In Stashed Loot In Trevor Cook Ponzi Case, Including More Than $200,000 In $100 Bills, Gold Coins, Watches, Baseball Cards
Trevor Cook’s brother was hiding more than $400,000 in cash and valuables from a $190 million Ponzi scheme, according to an extraordinary statement by the court-appointed receiver in the case. The loot was found July 23 — after Trevor Cook, whose plea agreement in the case required him to submit to a lie-detector test if…
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SEC: Felons, Recidivists Pushed ‘Green’ Energy Securities Swindle Through California ‘Boiler Room’; 6 People Charged In $11 Million Fraud Case
About 200 investors turned over $11 million to a boiler-room operation selling investments in a purported “green” energy company, the SEC said. The alleged swindle in which Kensington Resources Inc. sold unregistered shares of American Environmental Energy Inc. (AEEI) was pulled off by a convicted felon with the help of a recidivist securities offender, the SEC…