Category: The Economy
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UPDATE: FBI Moves Osama Bin Laden From ‘Most Wanted’ To ‘Deceased’; Terrorist Also Linked To Pre-9/11 Attacks, Agency Reminds Public
The FBI, which had listed Osama bin Laden as “Most Wanted,” now is listing him as “Deceased.” Before and after: “The mastermind of the attacks on September 11, 2001 that killed thousands of innocent men, women, and children has been killed,” the FBI said today. President Obama addressed the American people late last night to…
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URGENT >> BULLETIN >> MOVING: Osama Bin Laden Is Dead; ‘Targeted’ U.S. Operation Carried Out In Pakistan; State Department Urges Travel Caution
Osama bin Laden has been killed in a “targeted operation” by the United States and his body has been recovered. President Obama appeared on U.S. television late Sunday night, saying he approved a U.S. operation in Pakistan and that bin Laden was killed yesterday. No Americans were harmed, the president said. Bin Laden was found…
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PICTURE STORY: Club Asteria Promoters Claim Program Is ‘Passive’ Investment Opportunity; ‘Single Account’ Said To Return ‘About $20,000 Per Year’; Why Not Open Second Account In Same Household? Affiliate Asks
Club Asteria members now say the firm, which trades on the name of the World Bank, suddenly threatened recruits for making false claims about the program. The PP Blog reported on April 4 that the program, which is being pumped on the Ponzi boards and the personal websites of thousands of Club Asteria members, was…
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BULLETIN: U.S. Man Extradited From Argentina Sentenced To 40 Years In Jail; William L. Walters Will Serve His Time In Colorado State Penitentiary
BULLETIN: A Ponzi schemer who fled the United States and was extradited from Argentina has been sentenced to 40 years in state prison, Colorado Attorney General John Suthers announced. William L. Walters, 46, was brought back to the United States by the FBI, which worked closely with Colorado authorities to bring him to justice, officials…
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BULLETIN: SEC Goes To Federal Court In Dallas To Halt Alleged Ponzi Scheme Involving DOZENS Of Companies; China Voice Holding Corp. Implicated In Alleged Domestic And International Fraud
BULLETIN: UPDATED 3:07 P.M. EDT (U.S.A.) The SEC has gone to federal court in Dallas to halt the operations of what it described as a highly complex fraud and Ponzi scheme involving a purported VOIP/telecommunications firm and more than 40 individuals and companies. A federal judge has frozen the assets of China Voice Holding Corp.,…
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URGENT >> BULLETIN >> MOVING: Keith Simmons’ Forex Ponzi Caper Leads To Criminal Charges And Deferred Prosecution Against North Carolina Bank; CommunityONE Bank Charged With Not Maintaining Effective Anti-Money Laundering Program
BULLETIN: Federal prosecutors say the collapsed Forex Ponzi scheme operated by Keith Franklin Simmons put an undercapitalized North Carolina bank with 45 offices in 38 communities in harm’s way. In a dramatic announcement, Justice Department officials said CommunityONE Bank N.A of Asheboro, N.C., turned a blind eye to Simmons and did not file a single…
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KABOOM! Texas Jury Hits ‘Debt-Repair’ MLM Firm With $13.8 Million Verdict; Panel Even Says Defendants Must Pay State’s Cost If They Appeal
BULLETIN: UPDATED 10:03 P.M. EDT (U.S.A.) A jury in Harris County, Texas, has thrown down the gauntlet to hucksters targeting financially strapped consumers by finding more than 1,400 violations and returning a spectacular verdict of $13.8 million against a purported “debt repair” firm that had a multilevel-marketing component. The jury, which found that the accused…
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BULLETIN: Suspect Captured In Colorado Pipe-Bomb Case; Earl Albert Moore Nabbed By Boulder Police Department; Records Show He Was Released From Federal Prison Less Than Two Weeks Ago
BULLETIN: A man who spent time in federal prison for bank robbery and is believed to have left a pipe bomb and two propane tanks at a Colorado shopping mall last week has been captured by the Boulder Police Department at a grocery store, the FBI said. Earl Albert Moore, 65, had become the subject…
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Man, 79, Becomes Fugitive In Ponzi Scheme Case; Gerald J. Berke Wanted By FBI In Alleged $81 Million Caper
It is not unusual for senior citizens to operate Ponzi schemes — and here is another alleged example. Gerald J. “Jerry” Berke, 79, is wanted by the FBI for an alleged Ponzi caper in the Los Angeles area that fleeced about 500 investors out of more than $81 million, the agency said. Berke will turn…
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BULLETIN: Walmart Enters Home-Delivery Grocery Business; Retail Giant Testing ‘Walmart To Go’ Concept In California; News May Be Potentially Devastating To MPB Today Affiliates Because Of MLM’s Up-Front Fees, High Shipping Costs And ‘Dry Goods’ ONLY Policy
BULLETIN: Walmart said today that it was testing a grocery home-delivery concept known as “Walmart To Go” in the San Jose, Calif., market. Walmart.com visitors can test the availability of home delivery in their area by entering their address and Zip code into a form at the Walmart.com website. (Link at bottom of story.) The…