Category: The Economy
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URGENT >> BULLETIN >> MOVING: SEC Charges Alleged Zeek Promoter Trudy Gilmond
URGENT >> BULLETIN >> MOVING: (5th Update 9:15 p.m. ET U.S.A.) The SEC has gone to federal court in the Western District of North Carolina and charged Zeek Rewards’ figure Trudy Gilmond with securities fraud, selling unregistered securities and failure to register as a broker-dealer. Among the allegations: Gilmond knew Zeek was under investigation in 2012…
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11,900 Claims Received In WCM777 Ponzi/Pyramid Case; Time To File Is Running Out
In the bizarre WCM777 Ponzi- and pyramid scheme, investors may not know what has become of Ming Xu and how much the equally bizarre Joseph Global Institute reportedly once operated by Xu and a former Mafia member continues to contribute to the vomitous madness. What is known is that about 11,900 claimants have come forward. The number is…
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Terrorist Incident At London Subway Station, Scotland Yard Says
BULLETIN: London Metropolitan Police are investigating multiple stabbings at Leytonstone Underground station and are treating the incident as a terrorist attack. Scotland Yard has identified the weapon as a knife, but the deck of a story in the Telegraph reports it was a machete and that a male suspect had yelled, “This is for Syria.”…
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DEVELOPING STORY: Boston Police Seek Public’s Help After Suspicious Package Left Near Department Of Homeland Security Vehicle
EDITOR’S NOTE: There appears to be no evidence so far that the suitcase contained a bomb. Even so, the incident in Boston this morning shows that terrorism still is very much on the minds of police after the Boston Marathon bombings in 2013 and after the attack in San Bernardino, Calif., that killed 14 people…
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Suspect Tyler Scott Testerman Captured In Shooting Of Maryland Police Officer, Authorities Say
This is Tyler Scott Testerman, a 21-year-old man suspected of shooting an Aberdeen (Md.) police officer in the face early today. A manhunt ensued, and police announced the capture of Testerman minutes ago. The shooting of the officer in a wooded area led to the closure of Aberdeen schools today, police said. wbaltv.com has identified the…
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Listen To Famed Attorney Jan Schlichtmann Talk About TelexFree Class Action
Jan Schlichtmann is famous in legal circles. If you’ve never heard of him, perhaps you’ve heard of the actor who played him on the big screen: John Travolta. The film title was “A Civil Action,” with Travolta starring alongside Robert Duvall. The movie was based on the best-selling novel by Jonathan Harr. Schlichtmann has led a…
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TRAGIC REPORTS IN BRAZIL: TelexFree Prosecutor Found Dead
UPDATED 1:22 P.M. ET U.S.A. There are reports in Brazil that a prosecutor who worked on a TelexFree action in that country has been found dead inside her apartment. She has been identified as Nicole Gonzales Colombo Arnoldi, 35, of the state of Acre. The government of Acre has issued a statement of sympathy (in Portuguese) on…
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Robert L. Dear: Colorado Springs Police ID Alleged Shooter
This is Robert L. Dear, the alleged mass shooter at a Planned Parenthood clinic in Colorado Springs yesterday. He is suspected of murdering officer Garrett Swasey of the University of Colorado Colorado Springs (UCCS) Police Department. He also is suspected of shooting 12 people in total, killing Swasey and two others. President Obama said this morning…
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URGENT >> BULLETIN >> MOVING: TelexFree Was Ponzi And Pyramid Scheme, Judge Rules
URGENT >> BULLETIN >> MOVING: Chief U.S. Bankruptcy Judge Melvin S. Hoffman of the District of Massachusetts has ruled TelexFree a Ponzi and pyramid scheme. It is the first such ruling by a U.S. Court and was issued on Thanksgiving Eve. The ruling was requested on Oct. 7 by Stephen B. Darr, the court-appointed TelexFree trustee.…
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SPECIAL REPORT: Accused WCM777 Ponzi Schemer Ming Xu Expressed Concern About Being Harmed, Says He Was Cooperating With Government; Purported Texas University Claims It Has Absorbed The Bizarre ‘Joseph Global Institute,’ Raising New Questions; WCM777 Claims Deadline Extended To Dec. 24
EDITOR’S NOTE: The story about Phil Ming Xu’s asserted cooperation with the government appears below the subhead. We’ll lead with the news of extension of the claims deadline for WCM777 victims. If you’re a victim of the World Capital Market/WCM777 Ponzi- and pyramid scam shut down by the SEC last year, you now have until…