Category: Uncategorized
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BULLETIN: FTC Paints Picture Of Spectacular, International Fraud Involving At Least 16 ‘Sham’ Companies, More Than 100 Bogus Merchant Accounts And 14 ‘Money Mules’; More Than 1.3 Million People Fleeced
PP BLOG BULLETIN >>> MOVING >>> More than 1.3 million debit or credit-card numbers have been compromised in an international micro-payments scheme that resulted in fraudulent charges totaling more than $10 million. The money appears to have been whisked offshore to bank accounts in Lithuania, Estonia, Latvia, Bulgaria, Cyprus, and Kyrgyzstan, the FTC said. At…
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Two-Thirds Of Poll Respondents Rate Data Network Affiliates’ Pitch A ‘Complete Failure’; Nearly 90 Percent Rate It ‘Poor’ Or Worse
UPDATED 11:53 A.M. EDT (U.S.A.) The sales pitch of a multilevel-marketing (MLM) company that plucks the heartstrings of members by suggesting it can help law-enforcement and the AMBER Alert program locate abducted children has been rated a “Complete Failure” by 66 percent of respondents in a PP Blog Poll. Meanwhile, 88 percent of respondents rated…
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RECEIVER: Trevor Cook’s Story ‘Does Not Make Sense’; Ponzi Losses Expected To Top $139 Million; America’s Sad, Stunning Ponzi Tale Continues
Some of the investors in the Trevor Cook/Pat Kiley Ponzi scheme are none too pleased with Cook’s plea deal, which may place a ceiling of 25 years on any prison sentence he receives while tens of millions of dollars remain missing. One investor has told the PP Blog that a group of investors is seeking…
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UPDATE: Ponzi Suspect Found Dead Tuesday Conducted Benefits/Planning Seminars For FBI, IRS, Secret Service, Others; July Pitch Was Scheduled For Federal Law Enforcement Training Center In Georgia
UPDATED 5:31 P.M. EDT (U.S.A.) A company operated by a man found dead Tuesday in Florida from an apparent self-inflicted gunshot wound was scheduled to conduct a seminar for government workers July 2 at the Federal Law Enforcement Training Center (FLETC) in Glynco, Ga., according to the firm’s website. FLETC is operated by the Department…
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BULLETIN: Another Florida Ponzi Scheme: SEC Sues Estate Of Dead Man, Saying Kenneth Wayne McLeod And His Companies Ripped Off Members Of ‘Law Enforcement’ And Operated Ponzi Scheme For Decades
BULLETIN: The SEC has gone to court in Florida to obtain emergency relief against two companies and their late owner, alleging that Kenneth Wayne McLeod targeted government employees and members of law enforcement to invest in a government bond fund that did not exist. McLeod, 48, was found dead Tuesday in Jacksonville’s Mandarin Park. Local…
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Postal Inspectors, IRS Say Canadian Promoted ‘Series’ Of HYIP Frauds; Randi A. Bochinski Arrested In British Columbia, Faces U.S. Indictment
Still promoting HYIP frauds on the Ponzi boards and elsewhere? A Canadian citizen was arrested in British Columbia June 3 and now has been indicted in the United States on charges of wire fraud, mail fraud and money-laundering, authorities said. Randi A. Bochinski, 46, of Kelowna, B.C., potentially faces decades in prison and huge fines…