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Like MPB Today And Data Network Affiliates’ Promoters, TVI Express Pitchmen Used Images Of Warren Buffett And Donald Trump; Government Of South Africa Reportedly Opens Criminal Probe Amid Pyramid Allegations
TVI Express, an MLM company whose pitchmen have used images of business titans Warren Buffett and Donald Trump to plant the seed they backed the firm, has come under criminal investigation in South Africa, according to web records and a media site. Buffett and Trump are believed to have no ties to the firm. News…
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OH, FLORIDA! Spectacular New Allegations Raised In George Theodule Ponzi Scheme; Bank Sued For $68 Million Amid Accusation It Funneled Investors’ Cash To Fraudster Through ‘Drive-Thru’ Window
The Miami Herald broke the story last night (see link at bottom of post) that Wells Fargo, which merged with Wachovia Bank in December 2008 and assumed its liabilities, has been sued for $68 million by the court-appointed receiver in the George Theodule Ponzi scheme in Florida. Theodule largely targeted the Haitian-American community in his…
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Missouri Man Banned From Investment Trade After Secretary Of State’s Office Discovers He Sold Unregistered Securities Of ‘Time-Share’ Resort To Senior Citizens In Their Eighties
A Missouri man who worked for a legitimate investment business near St. Louis sold unregistered securities in a Wisconsin-based, time-share “resort” business to elderly clients, Missouri officials said. The securities came in the form of “unregistered real estate investments,” the officials said. James McClellan Jr., of Chesterfield, never told 18 Missouri investors — at least…
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BULLETIN: National Institutes Of Health Says OWOW Multilevel-Marketing Firm Using Agency Press Release On Cancer Research Inappropriately; Separately, Piccolo Says ‘Magnetic’ Product Prevented Amputation — And Also Helps Tomatoes Grow
BULLETIN: The National Institutes of Health (NIH), a division of the U.S. Department of Health and Human Services, said this morning that the OWOW multilevel-marketing program was using agency materials on cancer research inappropriately. OWOW is associated with Internet Marketer Phil Piccolo. The company has positioned at least two products sold MLM-style as cancer cures…
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BULLETIN: Salt Lake City Man Arraigned In Atlanta On Charges Of Running Ponzi And Fraud Scheme In Which Tens Of Millions Of Dollars Mysteriously Vanished Offshore; Canadian Also Charged In Alleged Caper
BULLETIN: Two men — one from Salt Lake City, the other from Belleville, Ontario — have been charged by federal prosecutors in Atlanta with operating a Ponzi and fraud scheme in which tens of millions of dollars mysteriously disappeared overseas. Thomas Repke, 57, was arraigned today in Atlanta. Prosecutors said he worked with the Canadian…
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BULLETIN: Now, An Investment-Fraud Scheme Targeted At Indian-Americans And Members Of The Hindu Faith; SEC Says Amit V. Patel Of Minnesota Poses ‘Danger To The Investing Public’
BULLETIN: The SEC has obtained an asset freeze against a Minnesota man in an alleged investment- and affinity-fraud scheme targeted at Indian-Americans and followers of the Hindu faith. Amit V. Patel of Shoreview raised “at least $2.5 million from at least five individuals that he met in the Indian-American community and Hindu temples in Minnesota,”…
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