Category: The Economy
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STAR TRIBUNE: Ponzi Pitchman Bo Beckman Sentenced To 30 Years; Judge Scolds Trevor Cook’s Key Rainmaker For Wordplay
UPDATED 7:52 A.M. ET (U.S.A.) The Star Tribune of Minneapolis/St. Paul is reporting that Jason Bo-Alan Beckman has been sentenced to 30 years in the $194 million Trevor Cook Ponzi scheme and that the sentencing judge scolded Beckman for using the English language as a weapon against investors he harmed. Beckman was Cook’s key rainmaker…
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WHACK-A-MOLE: In Aftermath Of Zeek Collapse, ‘ProfitableSunrise’ Emerges
EDITOR’S NOTE: For the definition of “whack-a-mole,” see the Online Slang Dictionary . . . UPDATED 6:12 A.M. ET (U.S.A.) ProfitableSunrise will take you and provide an extraordinary interest payment daily in the form of numbers on a screen — but only if you “fully accept the fact that all communication between you and Profitable…
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Jose Banks, Purported ‘Sovereign’ Who Escaped From Chicago Jail After Bank-Robbery Conviction, Captured; Manhunt Still Under Way For Second Escapee
EDITOR’S NOTE: Thanks to PP Blog reader “Tony” for a heads-up on this: Joseph “Jose” Banks, a purported “sovereign citizen” convicted of bank robbery earlier this month, has been captured after his escape from a federal jail in Chicago on Tuesday, the FBI told the Associated Press. A manhunt for alleged fellow escapee Kenneth Conley…
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Conference Call By Zeek Receiver Under Way [Call Ended At 6:03 P.M.]
EDITOR’S NOTE: This post was updated at 2:48 p.m. on Dec. 20 to include this link to a recording of the receiver’s Dec. 17 call. The information below reflects the PP Blog’s original notes from the call on Dec. 17 . . . UPDATED 7:27 A.M. (DEC 18, U.S.A.) A conference call by Kenneth D.…
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URGENT >> BULLETIN >> MOVING: Montana Fines ‘Funky Shark,’ Purported Upstart ‘Penny Auction’ Program; Operator Agrees to Pay $834,000 After Issuance Of Order
URGENT >> BULLETIN >> MOVING: (UPDATED AT 12:49 P.M. ET U.S.A. TO DELETE EARLIER REFERENCE TO ‘CEASE AND DESIST’ ORDER AND TO PROVIDE LINK TO CONSENT AGREEMENT AND FINAL ORDER.) An upstart “penny auction” company known as “Funky Shark” effectively has been shut down after the state of Montana named it in an order and…
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BULLETIN: 2 Inmates, Including Purported ‘Sovereign,’ Escape From Chicago Jail; 1 Of The Escapees Got Mention On PP Blog Just Days Ago
BULLETIN: Two inmates escaped from the Metropolitan Correctional Center in downtown Chicago earlier today, the FBI said. One of the escapees — Jose Banks — is a purported “sovereign citizen” who got a mention on the PP Blog Dec. 15. Banks, a convicted bank robber, is considered “armed and dangerous,” the FBI said. Also considered…