Category: The Economy
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First Reports Of Alleged Massive Ponzi Scheme In Greater Cincinnati: ‘Tens If Not Hundreds Of Millions Of Dollars,’ Complaint In Hamilton County Says
If the alleged Profitable Sunrise scheme were not bad enough in the Greater Toledo region of Northwest Ohio, there now are reports of a separate massive scheme in the Greater Cincinnati region of Southwest Ohio. Investors have gone to court to accuse Glen Galemmo of East Walnut Hills of operating an elaborate scam that may…
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Purported Alabama ‘Sovereign Citizen’ Jailed On Felony Charge; Sheriff Says She Filed False Document Against Obama Cabinet Official
It appears to have taken less than five months for a purported “sovereign citizen” to begin a harassment campaign against Jacob J. Lew, who became U.S. Treasury Secretary after being confirmed by the Senate on Feb. 27, 2013. Alabama authorities say they’ve arrested Mary Whiteside Quillen, 65, of Weaver. She is accused of recording “several…
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REPORTS: Prosecutor In TelexFree Case Threatened With Death
There are reports in Brazilian media that a prosecutor in the state of Acre has received death threats over her role in the TelexFree investigation and is receiving police protection. TelexFree, which has a U.S. arm in Massachusetts, purports to be in the communications business. The MLM company is under investigation in multiple states in…
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URGENT >> BULLETIN >> MOVING: Federal Judge Denies Alleged Zeek Winners’ Motion To Intervene In Case And Dissolve Receivership
URGENT >> BULLETIN >> MOVING: (3RD UPDATE 8:44 P.M. EDT U.S.A.) Senior U.S. District Judge Graham C. Mullen has denied a motion by alleged winners in Zeek Rewards to intervene in the SEC’s Ponzi-scheme case and to dissolve the receivership. In December 2012, alleged Zeek “winners” Trudy Gilmond and Kellie King asked Mullen for permission…
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BULLETIN: SEC: Now, A Bitcoin Ponzi Scheme Operated By Trendon T. Shavers — AKA ‘Pirate’ And ‘pirateat40’
BULLETIN: The SEC has gone to federal court in the Eastern District of Texas, charging Trendon T. Shavers of McKinney in an alleged Bitcoin Ponzi scheme that gathered more than $4.5 million before collapsing in August 2012. Bitcoins are a digital currency that has “no single administrator, or central authority or repository,” the SEC said.…
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BIZARRE: ‘Program’ Dubbed ‘CashCropCycler’ Has Ponzi-Board Presence And Zeek Pitchman While Touting Payouts Through PerfectMoney, SolidTrustPay And EgoPay — And Saying It Provides JSSTripler-Like Signup Bonus Of $10
A “program” with the bizarre name of “CashCropCycler” (Triple C) is being pushed on the Ponzi forums, amid claims it issues cashouts through offshore payment processors linked to fraud scheme after fraud scheme and gives enrollees $10 just for signing up. An earlier HYIP scam known as JSSTripler/JustBeenPaid that appears to have morphed into at…
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2 Purported Tennessee ‘Sovereign Citizens’ Arrested In Alleged Memphis Parking Scam
UPDATED 8:25 A.M. EDT (JULY 16, U.S.A.) Just days after the FBI warned police across Tennessee to be aware of “sovereign citizens” carrying fake law-enforcement credentials and engaging in other scams, two purported “sovereigns” have been arrested in an alleged parking scam. Yes, a parking scam — one that involves motorists being duped into paying…