PatrickPretty.com

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The ‘Festa Effect?’ Comments, Interactivity Stats Plunge As Cyberstalker Uses YouTube To Pillory PP Blog, Posters

Key statistics about reader interaction with the PatrickPretty.com Blog have plunged dramatically during the past 30 days. Comments posted by readers during the 30-day statistical snapshot have decreased markedly from 10.2 per day to 3.8 per day. Meanwhile, the number of words in comments has fallen more than 1,000 — from an average of 1,462…

Dec 19, 2009
EDITORIAL: Think ‘Offshore’ Means ‘Shelter’ From The SEC Or The FBI Or The IRS? Don’t Tell That To John And Marian Morgan — Or Jeffrey Lane Mowen

You’ve seen the ads or heard the pitches trying to persuade you to put money in “offshore” ventures such as the AdViewGlobal, AdGateWorld and MegaLido autosurfs. You’ve been told they were safe. You’ve been told the people who run them are out of the reach of U.S. securities regulators and law-enforcement agencies. And you’ve been…

Dec 18, 2009
NY ATTORNEY GENERAL: Unlimited Wealth Associates Pulled Off ‘Seemingly Limitless Fraud And Deceit’ In Ponzi And Pyramid Scheme That Operated Nationwide

A company known as Unlimited Wealth Associates operated Ponzi and pyramid schemes that obtained at least $7 million, New York’s top prosecutor said today. â€œWhile this company promised unlimited wealth, our investigation found seemingly limitless fraud and deceit as they went after investorsâ€™ savings,â€ said Attorney General Andrew M. Cuomo. Prosecutors “will continue to have…

Dec 17, 2009
Judge Enters Injunction Against Mantria/Speed Of Wealth Figure Donna McKelvy In ‘Green’ Ponzi Scheme Case; Speed Of Wealth Website Goes Missing

A federal judge has issued an order that enjoins Speed of Wealth principal Donna McKelvy from breaking securities laws and disgorges her ill-gotten gains from the alleged Mantria Corp./Speed of Wealth Ponzi scheme. McKelvy, 43, of Parker, Colo., consented to the order without admitting or denying the allegations in a complaint filed by the SEC…

Dec 17, 2009
Raymond Frank Joseph Convicted On All 36 Counts In Michigan Ponzi Scheme; Federal Judge Revokes Bond

Federal prosecutors have scored another dramatic win in a Ponzi scheme case. Raymond Frank Joseph, 55, of Bloomfield Hills, Mich., was convicted of three counts of wire fraud, nine counts of interstate transportation of stolen money or property and 24 counts of conducting monetary transactions in criminally derived property. Judge Gerald E. Rosen immediately revoked…

Dec 17, 2009
PP Blog Marks Milestone In A Year Filled With Ponzi Schemes And Nonfiction That Reads Like Fiction

EDITOR’S NOTE: We were going to publish this post to commemorate our 500th post since December 2008, but breaking news intervened. So, this is now Post No. 501. This is the PP Blog’s 500th post (actually it’s now No. 501) since December 2008, the month we switched to WordPress. It has been a year filled…

Dec 17, 2009
PONZI ADVOCATES’ NIGHTMARE: Victims Line Up To Address Judge Who Will Sentence California Man In ‘Offshore’ Scheme; Jeffrey Gordon Butler Faces Up To 300 Years In Prison

EDITOR’S NOTE: As you’re reading this story, keep in mind that the Ponzi scheme “industry” actually has advocates who advance the theory that all commerce should operate under the principle of caveat emptor (“let the buyer beware”), that the government should not be empowered to “interfere” with “commerce” and that “offshore” options are the best.…

Dec 16, 2009
SEC Moves To Smash Alleged Advertising Ponzi Scheme In California; Agency Charges Dean P. Gross, Gregory W. Laser

Two California men have been charged with securities fraud by the SEC in an emergency court action that alleged they pushed a Ponzi scheme that collected more than $18 million. Investors were duped into believing that a company known as Bridon Entertainment bought advertising space in bulk and resold it at a substantial profit to…

Dec 16, 2009
FEDS: Man Bilked $10 Million In Ponzi Scheme That Traded On Name Of The Famous NASCAR Brand

Even as stock-car fans were celebrating the news that Indy-car driving star Danica Patrick would hopscotch circuits and participate in a limited number of events in NASCAR’s Nationwide Series next year, federal prosecutors were putting together a Ponzi scheme case against a man alleged to have obtained $10 million by using NASCAR’s name. Eliott Jay…

Dec 15, 2009
Cyberstalker ‘joe’ Sent Repeated Harassing Communications From Network Registered To City Government In California; Threatened To Sue PP Blog

EDITOR’S NOTE: Is it any wonder so many people believe the Internet is just one giant cesspool? This is the latest news on “joe,” who graduated from Ponzi advocacy to cyberstalking in September. UPDATED 4:28 P.M. ET (U.S.A.) Saying he wants to give the PatrickPretty.com Blog something else to “chew on” after it announced Saturday…

Dec 15, 2009
ANNOUNCEMENT: PatrickPretty.com Blog To Share Data On ‘unclefesta26’ With Law Enforcement; Blog Also Will Share Data On ‘joe’

DECEMBER 12, 2009, 12:03 P.M. ET (U.S.A.). The PatrickPretty.com Blog announced today that it has made an arrangement to share data about cyberstalkers “unclefesta26” and “joe” on its own initiative with law-enforcement and, at the Blog’s discretion, with the operators of certain websites. The Blog’s decision to share a limited amount of information with authorities…

Dec 12, 2009