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Florida Ponzi Property Of Accused Minnesota Fraudster Bo Beckman Will Drain Cash, Receiver Says; Home With 5 Bathrooms Is ‘Under Water’ And Should Be Beckman’s Problem To Solve
Accused Minnesota fraudster Jason Bo-Alan Beckman’s 5,097-sq.-ft.-home with five bedrooms, five bathrooms and a roomy garage of nearly 1,100 sq. ft. in Palm City, Fla., is seriously “under water” on its mortgage and thus creates a drain on assets that are best used to compensate victims, the court-appointed receiver has advised a federal judge. Receiver…
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URGENT >> BULLETIN >> MOVING: German Cardona Soler, Figure Associated With International Forex Scam Pushed On TalkGold And MoneyMakerGroup, Arrested By Spanish National Police; Agency Alleges $300 Million Ponzi
BULLETIN: Spanish National Police have arrested German Cardona Soler in a case that alleges a spectacular Ponzi and fraud scheme involving more than $300 million. Two others also were arrested, and police “locked” 12 bank accounts. Although early details are unclear, it appears as though police have charged at least seven people in the alleged…
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BULLETIN: Feds Charge Minneapolis Man Amid Suspicions He Used Loot From Trevor Cook Ponzi Scheme To Party And Gamble With Strippers While Victims Suffered
BULLETIN: Five days after Ponzi swindler Trevor Cook pleaded guilty to defrauding victims in an elaborate international scam that reduced investors to ruin, a Minneapolis man hid proceeds from the caper from law enforcement and the court-appointed receiver, federal prosecutors said. Victims of the Cook scheme — many of whom were people of faith —…
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‘Churning’ Scammer Fleeced 9/11 Widow, Disabled Daughter; Victim’s Husband Was Naval Officer Killed In Pentagon Attack, Authorities Say
A Massachusetts man entrusted with $3.7 million from a widow whose husband was a Naval officer killed in the 9/11 terrorist attack on the Pentagon has been charged by state and federal authorities in a “churning” case. James J. Konaxis, 52, of Beverly, pocketed more than half a million dollars in commissions by making a…
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STATEMENT: Unusual Event At PP Blog
At approximately 1:05 a.m. (EDT) today, the PP Blog began to experience unusually high traffic volume and a highly unusual traffic pattern. The source of the traffic is unclear. What is clear is that IPs from all over the world suddenly began to pull “old” stories, meaning that the URLs being pulled existed in the…
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FTC Warns That Scammers Are Trading On Radiation Fears To Hawk Potassium Iodide Treatment In Aftermath Of Events In Japan; Be Cautious And Selective, Agency Advises
Fraudsters are following the headlines about radiation fears in Japan and designing sales pitches to scare U.S. consumers into buying potassium-iodide treatments, the FTC warned today. Last week, the agency warned against charity scams that may emerge to mine illicit profits from the devastating earthquake and tsunami. “Potassium iodide, or KI, can help prevent thyroid…
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