Category: The Economy
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BULLETIN: 2 Men With Hyped Credentials At Helm Of $51 Million Ponzi Scheme, Alberta Securities Commission Alleges; May Appearance Date Set For Dale Joseph Edgar St. Jean, Gregory Dennis Tindall; Defendants Also Linked To Alleged U.S. Fraud Scheme That Triggered Hedge-Fund Collapses
BULLETIN: Two men, including one who’d filed for bankruptcy when a previous “sales training” venture collapsed, were at the helm of a Ponzi scheme that gathered $51.6 million and left investors with nothing, the Alberta Securities Commission said. Appearance dates for Dale Joseph Edgar St. Jean and Gregory Dennis Tindall have been set for May…
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Illinois Man Faces Up To 5 Years In Federal Prison After Pleading Guilty To Selling Unregistered Securities Via Mail/Email; Case Brought By Postal Inspectors, IRS, State
An Illinois man hawking a Yukon gold-mining venture via postal mail and email has pleaded guilty to selling unregistered securities, federal prosecutors said. Jeremiah D. Jacob, 32, of Columbia, faces up to five years in federal prison, a fine of $10,000 and three years’ supervised release, the office of U.S. Attorney Stephen R. Wigginton of…
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ANNOUNCEMENT/ALERT: While Conducting Research On Major FTC Case That Included Elements Of Alleged Web Harassment, PP Blog’s Browser Was Subjected To ‘Mass Injection’ Attack
ANNOUNCEMENT/ALERT: UPDATED 6:10 P.M. EDT (U.S.A.) The PP Blog is publishing this post in an abundance of caution. Based on a security alert the Blog received this afternoon, it may be best to steer clear of the website circled in the graphic above and described below. On Jan. 4, 2012, the Blog reported that the…
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BULLETIN: Felony Warrants Issued For Accused Montana Ponzi Schemer And Affinity Fraudster Richard F. Reynolds; ‘Phony Gold And Foreign Currency Trading Schemes’ Alleged — With ‘Pastors’ Used As Pitchmen
BULLETIN: Richard F. Reynolds, of the region of Bozeman, Mont., is wanted on 20 felony warrants, Montana officials said. Reynolds also is known as Richard F. Adkins. Reynolds, the office of Montana Commissioner of Securities Monica J. Lindeen said, presided over an “elaborate” caper that swindled “at least 140 victims from 21 states and 6…
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BULLETIN: KABOOM! FTC Gains Asset Freezes Against Mortgage-Relief Scammers Trading On Image Of President Obama And Masquerading As ‘Law Firm,’ Agency Says
BULLETIN: A federal judge in the Central District of California has approved asset freezes and appointed a receiver in a case in which the FTC alleged several companies and a scammer-in-chief were running two mortgage-relief fraud schemes. The scam, the FTC said, traded on an image of President Obama and used at least three .org…
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BULLETIN: Stewart David Nozette, American Scientist Who Sold Out His Country For The Price Of A Used Car, Sentenced To 13 Years In Federal Prison
BULLETIN: Stewart David Nozette, the Maryland man with a PhD from the Massachusetts Institute of Technology and a “Top Secret” security clearance, has been sentenced to 13 years in federal prison on charges of tax fraud and attempted espionage. The espionage case was brought by the FBI after Nozette — believing he’d been recruited by…