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BULLETIN: Jenifer Devine, New Jersey Woman At Helm Of ‘Wholesale Fraud,’ Sentenced To 37 Months For Ponzi Scheme
Jenifer Devine, the New Jersey woman accused of presiding over a Ponzi scheme involving a purported wholesale clothing and electronics business, has been sentenced to 37 months in federal prison, federal prosecutors said. Devine, 40, of Fair Lawn, was arrested in November 2010, amid allegations she lured investors with outsize returns of up to 25…
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EDITORIAL: Recruiting Seniors Into Your Downline? Why Ponzi-Forum Purveyors And Pimps Should Pay Attention To Dennis Bolze’s Failed Bid To Have His 27-Year-Prison Sentence Reduced
EDITOR’S NOTE: The U.S. Court of Appeals for the Sixth Circuit yesterday rejected the bid of convicted Tennessee fraudster and Ponzi schemer Dennis Bolze to have his 27-year prison sentence reduced. Although Bolze did not operate the sort of HYIP typically promoted on Ponzi boards such as TalkGold and MoneyMakerGroup, he advanced some of the…
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BULLETIN: Federal Judge Orders Jeremy Johnson And Others Acting On His Behalf To Disable Website That Used Court-Appointed Receiver’s Name And Described Firm As Workplace Of ‘Thieves’ And ‘Crooks’
EDITOR’S NOTE: This story originally was published Jan. 9, 2012, 3:01 p.m. It was updated at 5:01 p.m. on the same date. The PP Blog temporarily “unpublished” the story on March 23, 2012. Explanation of why it was taken offline temporarily is here. On March 23, 2012, the PP Blog’s security software recorded a “mass…
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Missouri Investigators Say Senior Citizens — Ages 91, 88 And 79 — Among Victims Swindled By Unregistered Dealer In Fraud Scheme That Diverted Money To ‘Hooters’ Waitresses
Three senior citizens — including a 91-year-old Pennsylvania resident and 88- and 79-year-old residents of Missouri — were fleeced in an investment scheme in which $10,000 was diverted to “three waitresses at a Hooters restaurant and one clerk at another retail establishment,” Missouri investigators said. All in all, the long-running scheme fetched at least $948,000,…
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ANOTHER MYTH-BUSTER: Accused California Fraudster Arrested/Deported By Panama And Returned To United States On New Year’s Eve; Joseph Randall Medcalf Faces Federal Trial In Alleged $3.2 Million Investment Scheme
“You can run, but you can’t hide. International cooperation in the pursuit of fugitives is essential as we combat complex financial crimes. Mr. Medcalf is the latest in a long list of fugitives who have been brought back to the United States to face justice. My office is grateful to the authorities in Panama for…
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BULLETIN: Steven Salutric, Illinois Man Accused By SEC Last Year Of Stealing From 96-Year-Old Nursing Home Patient With Dementia, Now Charged Criminally
BULLETIN: Federal prosecutors in the Northern District of Illinois have charged Steven W. Salutric with wire fraud, the office of U.S. Attorney Patrick J. Fitzgerald said. Salutric, 53, of Carol Stream, initially was charged civilly by the SEC in January 2010, amid shocking allegations that, to keep his Ponzi and fraud scheme afloat, he stole…
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