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U.S. Marshal John Perry Dies From Gunshot Wounds Sustained After Ambush Attack By St. Louis Fugitive; Attorney General Issues Statement; Perry Is Second Marshal Slain Since Feb. 16
UPDATED 2:58 P.M. ET (U.S.A.) Deputy U.S. Marshal John Perry, who was critically wounded early yesterday in an ambush in Missouri in which another marshal and a St. Louis police officer were wounded, has died, the U.S. Marshals Service announced. Perry, 48, died at 7 p.m. yesterday at Saint Louis University Hospital. He had been…
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BULLETIN: SEC Charges Jason Bo-Alan Beckman In Trevor Cook Ponzi Scheme; Judge Freezes Assets; Agency Says Investors’ Cash Used To Make Child-Support Payments And Puchase ‘Luxury Homes’ And Cars
BULLETIN: Jason Bo-Alan “Bo” Beckman has been charged civilly by the SEC in the Trevor Cook Ponzi scheme in Minnesota and named a “leading” figure, according to court filings. The case against Beckman was brought as an action separate from the civil action against Cook, who also was charged criminally and is in federal prison…
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URGENT >> BULLETIN >> MOVING: Feds, SEC Say Connecticut Ponzi Scheme With International Reach Involved ‘Hundreds Of Millions Of Dollars’; 2 Arrests Made By FBI In Florida
BULLETIN: A Connecticut hedge-fund operator not registered with the SEC “in any capacity” and two other men — both Venezuelan nationals — have been charged in a spectacular Ponzi caper that allegedly involved hundreds of millions of dollars and a derailed plot to thwart an SEC investigation. FBI agents have arrested Juan Carlos Guillen Zerpa,…
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Judges Across United States Hammer Forex Ponzi-Schemers And Commodities Fraudsters; Nearly $100 Million In Penalties Announced Last Week Alone
Federal judges in California, New York, Tennessee and Arizona last week ordered spectacular financial penalties against Forex and commodities fraudsters. Dennis R. Bolze was assessed a penalty of more than $36.6 million and ordered to pay restitution of more than $13 million to investors he scammed. The orders were entered by Chief U.S. District Judge…
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EDITORIAL: Salt Lake Tribune Publishes Series On MLM; Reader Claims Reporter A ‘Broke’ Purveyor Of ‘Negativity’; Separately, Len Clements (IQ-155) ‘Assumes’ Reporter Was ‘Duped’ By The ‘Flimflam’ Of MLM Critics
We highly recommend an even-handed series the Salt Lake Tribune published on the subject of multilevel marketing in Utah. (Link appears at bottom of post.) The series includes comments from MLM enthusiasts, the Direct Selling Association, attorneys for well-known MLM companies, MLM critics and the FTC. Meanwhile, the series shows that MLM has some political…
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FEDS: Illegal Money-Transmitting Businesse Operating In ‘Shadows’ Funneled $172 Million Offshore For ‘Shell’ Companies; Murky Enterprises Blocked From Using Oregon Banks ‘Like The Corner ATM’
An Oregon man living in a small town set up “numerous” shell companies for Russian clients and funneled more than $172 million to at least 50 countries, prosecutors said. Victor Kaganov, 69, of Tigard, has pleaded guilty to charges of operating an unlicensed money-transmitting business. Tigard is small city whose population is about 47,000. Kaganov…
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SEC Charges Rajat K. Gupta, One Of World’s Top Business Consultants, In Insider Trading Case Involving Raj Rajaratnam, One Of America’s Richest Men
In a case apt to plague Wall Street with questions about whether people on Main Street should trust it, the SEC has accused one of the world’s foremost business consultants with providing illegal “insider trading” tips that lined the corporate pockets of one of the richest men in the world. Rajat K. Gupta is accused…
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Florida Serves Up Another Bizarre One: CFTC Files Emergency Action To Halt Alleged Ponzi Scheme; David L. Ortiz Charged Amid Allegations ‘Holistic’ Health Firm Was Collecting Forex Funds
A Florida man who operated a website known as “Forex Futures Trader” to drive business to his Ponzi scheme has been sued for fraud in an emergency action, the CFTC said. Some of the cash was routed through a firm that continued to do business despite the fact it was dissolved by the state in…
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