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FLORIDA — AGAIN: Parolee, Larcenist And Recidivist Huckster Charged In New Fraud Caper; Allen E. Weintraub Made Bogus Takeover Bids For Kodak And AMR — And Caused AMR’s Trading Volume To Mushroom Sixfold, SEC Says
Is it the oddest fraud story coming out of Florida to date? A man who emailed Eastman Kodak and AMR in March with offers to purchase the famous companies for billions of dollars had declared bankruptcy in 2007, was on probation for grand theft when the offers were made and extended the offers through a…
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CFTC: Michigan Man Sucked Church Members Into Forex Ponzi Scheme; Jeffery L. Groendyke Sued For Fraud
A Michigan man has been sued for fraud and misappropriation in yet-another alleged Forex Ponzi scheme, the CFTC said. Jeffery L. Groendyke of the Grand Rapids-area community of Middleville, Mich., gathered at least $953,305 since May 2010 and ripped off at least 54 customers through his at-home business known as JG Forex Fund (JGF), the…
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SEC Says Former Radio Host Pat Kiley Is ‘Frustrating The Search For Truth About His Involvement In A $190+ Million Fraud’
One of the central figures in the Trevor Cook Ponzi scheme civil case is stonewalling investigators and frustrating efforts to get to the truth, the SEC claims in new court filings. Former radio talk-show host Pat Kiley, who was named a defendant in the SEC action filed in November 2009, “has produced no documents, and…
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Pittsburgh Steelers Issue Statement On Controversial ‘Tweets’ Of Running Back Rashard Mendenhall After Successful U.S. Action Against Osama Bin Laden
Pittsburgh Steelers’ President Art Rooney II, the son of U.S. Ambassador to Ireland Dan Rooney, has issued a statement in response to controversial Tweets attributed to Steelers’ running back Rashard Mendenhall after the United States killed Osama bin Laden two days ago. The Tweets have sparked a web firestorm and enraged one of America’s hardest-working…
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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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Edward May, 74, Pleads Guilty In Michigan Ponzi Caper That Gathered $200 Million; Feds Say He Used 150 LLCs As Part Of Spectacular, Decade-Long Fraud
The senior-citizen Ponzi cavalcade and incredible paperwork maze continues: Edward May, 74, has pleaded guilty in Detroit to 59 counts of mail fraud in a case in which federal prosecutors alleged he rented office space in Lake Orion, Mich., and established 150 LLCs as part of a $200 million Ponzi scheme that operated for a…
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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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