Category: Uncategorized
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NEW HAVEN REGISTER: Witness Says Alcoholics Anonymous Members Were Recruited For Cash-Gifting Scheme And That ‘Largest Conflict I’ve Ever Seen’ In AA Ensued
EDITOR’S NOTE: In May 2012, the PP Blog reported that three women had been arrested on federal charges in Connecticut that flowed from an alleged cash-gifting pyramid scheme. One of the women has pleaded guilty. Two others now are on trial. Cash-gifting often is associated with affinity fraud. The alleged Connecticut scheme centered around women…
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URGENT >> BULLETIN >> MOVING: Federal Judge Denies Motion To Appoint ‘Examiner’ In Zeek Ponzi Case; Court Rejects Contention By Alleged Zeek ‘Winners’
URGENT >> BULLETIN >> MOVING: Senior U.S. District Judge Graham C. Mullen has denied a motion by Zeek Rewards affiliates aligned with Robert Craddock to appoint an “examiner.” Craddock’s Fun Club USA and Zeek members and alleged “winners” David Sorrells, David Kettner and Mary Kettner asked for their attorney — Michael Quilling of Dallas —…
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Extraordinary Drama Unfolds In California; Manhunt Under Way For Ex-Cop Who Allegedly Authored ‘Manifesto’ Promising ‘Unconventional And Asymmetrical Warfare’ Against Law Enforcement; Suspect Allegedly Tied To Double Homicide And Ambush Shootings Of Police Officers
An extraordinary drama is unfolding in Southern California involving a former Los Angeles police officer identified as Christopher Dorner. The photo of Dorner (left) was supplied by the Irvine Police Department, which identified Dorner as the suspect in the Sunday shooting deaths of Keith Lawrence and Monica Quan, a college-basketball coach. Dorner is 33. “Irvine…
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Colorado Securities Commissioner Tells Durango Herald: ‘They Want So Badly To Believe In The Tooth Fairy’
Joe Hanel, the Denver correspondent for the Durango Herald, has written a series of reports that delves into the symphony of the bizarre surrounding Ponzi schemer Frederick H.K. Baker, who once was immersed in the HYIP world but now is in prison. If you’ve been wondering about the psychology of Ponzi schemes — perhaps particularly…
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UPDATE: Sentencing For Legisi HYIP Operator Gregory McKnight Postponed Again Pending Depositions; Now Set For May 7
Sentencing for Gregory N. McKnight, the operator of the Legisi HYIP Ponzi scheme, has been postponed until May 7. McKnight had been scheduled to be sentenced today. The postponement marks at least the fourth in the case. McKnight pleaded guilty to wire fraud a year ago this month. The docket of the case in federal…
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Woman Sentenced To 80 Years In Texas State Prison For Felony Theft In Case That Flowed From Ponzi And Fraud Scheme
Karen Patricia Bowie, whom the SEC described in 2009 as a citizen of Canada who bought a house in Maine with fraud proceeds from the Titan Wealth Management LLC Ponzi scheme in Texas, has been sentenced to 80 years in Texas state prison. The Texas State Securities Board described Bowie, 61, as a “foreign notes…
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Judge Orders More Than $22.8 Million In Penalties, Restitution For Trader’s International Return Network (TIRN); ‘Program’ Was Pitched On Ponzi Boards
David Merrick, the operator of Trader’s International Return Network (TIRN) fraud scheme, already is serving a TIRN-related, 97-month prison sentence for conspiracy to commit wire fraud, money laundering, and securities fraud, plus one count of money laundering. And now a federal judge has imposed addition sanctions, ordering Merrick and TIRN — a presence on Ponzi…