Category: Uncategorized
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Royal Canadian Mounted Police Announces Charges In Alleged $60 Million Ponzi Scheme, Asks Victims To Come Forward
The Royal Canadian Mounted Police (RCMP) have charged three men and a woman in an alleged $60 million Ponzi scheme. Canada’s famous police agency, known informally as the Mounties, has asked victims to come forward. Charged in the case were Murray Stark, 73, Robert Fyn, 62, Garth Bailey, 57, and Katherine Rodrique Bailey, 53. Bailey…
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Sean Healy Sentenced To Nearly 16 Years, Ordered To Pay $16.7 Million In Ponzi Case; Meanwhile, Trevor Cook Reportedly Has Plea Deal
A federal judge has ordered a Florida man to spend nearly 16 years in prison and pay $16.7 million in restitution for fleecing investors in a Ponzi scheme. Sean Healy, 39, of Weston, scammed dozens of investors in Pennsylvania. He went on to live in the lap of luxury in Florida, acquiring a $2.4 million…
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Judge Orders More Than $5.5 Million In Penalties In George Theodule Ponzi That Targeted Haitian-Americans; Massive Litigation Involving Family Members, Winners, Attorneys Continues
It is not nice to be George Theodule today. For starters, the expensive cars and other luxuries are gone — and now a federal judge has issued orders of disgorgement and penalties totaling more than $5.5 million in a Ponzi scheme case brought by the SEC in 2008. Beyond that, though, people associated with Theodule…
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Numerous Domains Linked To INetGlobal Entity Offline; V-Webs Domain And Sites That Use V-Web’s Nameserver Will Not Resolve
UPDATED 12:28 P.M. EDT (U.S.A.) Sites appear to be back up. They were offline for at least seven hours. Earlier story is below . . . Widespread maintenance? Moving to a new server? Several domains linked to an entity associated with INetGlobal have gone offline in recent hours and will not resolve. Why the sites…
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BULLETIN: Trevor Cook Charged Criminally With Mail Fraud And Tax Evasion In Alleged $190 Million Ponzi Case In Minnesota
BULLETIN: Trevor Cook, the reputed head of a $190 million Ponzi scheme in Minnesota, has been charged criminally with mail fraud and income-tax evasion. Cook, 37, previously had been charged civilly by the SEC and the CFTC. The criminal charges filed today came after a probe by the FBI and the IRS Criminal Investigations Unit,…
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Financial Fraud Enforcement Task Force Credited With Bust In Bizarre Ohio Ponzi Involving ‘Unique Momentum Filter’; Enrique F. Villalba Charged With Wire Fraud
An Ohio man who graduated from West Point and earned a law degree in Washington state has been charged in a bizarre Ponzi and investment-fraud scheme that allegedly combined the science of physics with a unique “momentum filter” that purportedly enabled him to predict how the futures market would behave with “an uncanny degree of…
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FTC Gives Nod To BBB For Helping It Solve Advanced-Fee Scam Operated By Recidivist Offender; James Nicholson Banned For Life From Telemarketing, Hit With $17.2 Million Judgment, Loses Power Boat
A Florida man who operated a previous scam has been banned for life from the telemarketing business after state and federal authorities and the Better Business Bureau worked together to expose the operation, the Federal Trade Commission said. “The FTC received invaluable assistance in this matter from the U.S. Postal Inspection Service, the University of…