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UPDATE: Jeffery Groendyke, Figure In CFTC Ponzi Case Filed Civilly In May, Pleads Guilty To Criminal Charge Of Wire Fraud After FBI Probe
UPDATE: Jeffery (also cited as “Jeffrey”) L. Groendyke, the Michigan man ordered by a federal judge earlier this month to pay nearly $1.4 million in restitution and penalties in a Forex Ponzi case brought civilly by the CFTC, now has pleaded guilty to a criminal charge of wire fraud, federal prosecutors in the Western District…
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UPDATE: Text Cash Network Creates Even More Name Confusion With ‘ASSIGNMENT’ Clause That Appeared On ‘Purchase Agreement’ Page
Some affiliates have claimed Text Cash Network (TCN) is part of a company known as “The Johnson Group.” Others have added an ampersand and mimicked the name of an internationally famous company, saying TCN is part of the “Johnson & Johnson Group.” Although photos appear online that show the name “TEXT CASH NETWORK” in large…
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DONATION (RE)POST: The Ponzi/Fraud Scourge Continues
Dear Readers, In Italics below is a repost of our Dec. 15 donation post. Hate to pass the hat again so soon, but we’re at the edge of an abyss and are still short . . . We’re midway through December [reposted Dec. 25, Christmas night] and are facing the challenge of carving out a…
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REPORTS: FBI Arrests Purported ‘Sovereign Citizen’ And Fugitive Shawn Rice After Arizona Standoff
Shawn Rice, a purported “sovereign citizen” the FBI described in March 2011 as a “fugitive,” has been arrested in Seligman, Ariz. The Arizona Republic is reporting that the arrest occurred at 5:30 p.m. local time yesterday after a standoff that ended peacefully after negotiations with Rice, who had barricaded himself inside a house. Rice, whom…
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STATEMENT: ‘Swarm’ Affects PP Blog Publishing Operations
STATEMENT: At approximately 8:33 a.m. today, a sudden swarm of international traffic affected the PP Blog’s server and its publishing operations. Like previous unusual incidents, the swarm consisted almost entirely of international IPs, many of which were recording their first “visit” to the Blog. This morning’s swarm appears to have been almost exclusively targeted at…
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BULLETIN: SEC Charges 2 Executives Of Purported Clean-Coal Firm In Alleged $43 Million Offering Fraud; 1 Of Them Has Conviction For Bank Fraud And Was Arrested Dec. 1 Amid Allegations He Was Flogging New Offer In Violation Of Plea Agreement
BULLETIN: The SEC has gone to federal court in Minnesota, alleging that two executives of a clean-coal tech firm repeatedly lied to investors and that one of the executives had a conviction for bank fraud — a fact not disclosed to investors when the company was trawling for cash and using unregistered brokers to do…
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BULLETIN: First, Notre Dame’s ‘Rudy’ — Now, Willie Gault Of The ‘Super Bowl Shuffle’ Chicago Bears; SEC Charges Former NFL Wide Receiver In Alleged Stock Caper; Feds Arrest Lawyer
BULLETIN: The SEC has gone to federal court in the Central District of California to charge former U.S. Olympian and NFL wide receiver Willie Gault in an alleged stock scheme involving Heart Tronics Inc. Gault, 51, was a member of the 1980 U.S. Olympic Team that boycotted the summer games in Moscow. He later played…
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UPDATE: Jeffery L. Groendyke, Michigan Man Accused In Forex Ponzi Scheme, Ordered To Pay Nearly $1.4 Million In Restitution And Penalties
Jeffery L. Groendyke, the Michigan man accused by the CFTC in May of targeting people of faith and others in a Forex Ponzi scheme, has been ordered to pay $963,141 in restitution and a $420,000 civil penalty. U.S. District Judge Robert J. Jonker issued the order against Groendyke by consent, finding that he fraudulently solicited…
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