Category: The Economy
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Husband And Wife (And Purported ‘Sovereign Citizens’) Jailed In Georgia; Edgar Lee Rodgers And Diane Rowe Charged With Racketeering Amid Allegations They Tried To Sell Homes That Did Not Belong To Them
Bond has been set at a combined $130,000 for a Georgia couple arrested Thursday by Atlanta police on charges they tried to sell homes that did not belong to them in an alleged paperwork scam involving bogus courthouse filings. In recent years, Georgia has been near the top of the list in both bank failures…
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Ponzi Schemer Arthur Nadel Dies; One Of The Original ‘Mini-Madoffs’ Succumbs At 80 At Same Prison Facility That Houses Madoff
Arthur G. Nadel, the Florida fund manager and Ponzi schemer who briefly went on the lam in the weeks after Bernard Madoff’s even-greater caper imploded, has died. Nadel was 80, according to the Federal Bureau of Prisons. Nadel, sentenced in 2010 to 14 years in an elaborate fraud that operated between 1999 and 2009, died at…
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Forex Version Of ‘Mad Men’ Comes To Minnesota: Bo Beckman, Pat Kiley, Gerald Durand Trial Begins This Week; 3 Accused Hucksters Were Associates Of Ponzi Schemer Trevor Cook
If you’re a fan of “Mad Men,” the award-winning AMC television drama now back on the air after a 17-month absence, you’ve seen the cigarettes, the boozing and the debauchery weekly. (Perhaps not only in the show itself, but also in AMC’s promos for the series, a key element of which is the tagline “DEBAUCHERY…
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BULLETIN: Church Bishop/Attorney Martin T. Sigillito Found Guilty In $52 Million Ponzi Scheme; ‘One Of The Largest Fraud Schemes In Missouri History’
BULLETIN: Martin T. Sigillito, the ordained priest, American Anglican Bishop and attorney, has been found guilty of all 20 counts brought against him in a $52 million Ponzi and fraud caper. A federal jury in St. Louis that deliberated for about six hours found Sigillito guilty of conspiracy, mail fraud, wire fraud and money-laundering, the…
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URGENT >> BULLETIN >> MOVING: SEC Charges Shervin Neman In Alleged Ponzi Scheme Targeted At Los Angeles Persian-Jewish Community; Federal Judge Issues Emergency Asset Freeze
URGENT >> BULLETIN >> MOVING: The SEC has gone to federal court in Los Angeles, alleging that a California man was operating a $7.5 million Ponzi scheme targeted at the Persian-Jewish community. U.S. District Judge Jacqueline H. Nguyen has issued an emergency asset freeze. Charged in the alleged affinity-fraud caper was Shervin Neman, 30, of…
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KABOOM! Judge Sentences 2 Swindlers Who Presided Over Pyramid Scheme And Stock-Fraud Caper To A Combined 64 Years In California State Prison
James A. Sweeney II and Patrick M. Ryan — the two men who presided over the Big Co-op Inc. and Ez2Win.biz online pyramid scheme and stock swindle — have been sentenced to a combined 64 years in state prison, California Attorney General Kamala D. Harris announced. Sweeney, 64, of Afton, Tenn., was sentenced to 33…