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SEC: Oil-And-Gas Scammer Paid Belize Company For Ad That Ran On CNBC, Fox Business News; Offer Proved To Be Fraudulent; Jon C. Ginder Charged In Emergency Action
A Texas man paid a Belize company to produce ads that ran on CNBC and Fox Business News for his oil-and-gas venture, but the offer proved to be fraudulent and the SEC has filed an emergency court action to stop the scheme, the agency said. Jon C. Grinder of Houston used “at least” $210,000 of…
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DEVELOPING STORY: Online Claims About Acai Berry On FTC’s Radar Screen; Agency To Announce Action Against ‘Internet Marketers’ Next Week In Chicago (Oprah’s City)
In 2009, Oprah Winfrey sued more than 40 companies for trademark infringement amid claims they were fleecing the public by implying she endorsed their Acai berry products. Winfrey, an American television and business icon, is based in Chicago. Harpo Productions, which produces The Oprah Winfrey Show and The Dr. Oz Show, filed the infringement lawsuit…
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BULLETIN: $200 Million Ponzi And Affinty-Fraud Scheme Alleged By Feds In New Jersey; Eli Weinstein Arrested By FBI
UPDATED 2:40 P.M. EDT (U.S.A) The Newark Star-Ledger and the Asbury Park Press are reporting that New Jersey real-estate developer Eli Weinstein has been arrested by the FBI in a Ponzi and affinity-fraud case that may involve $200 million or more. Both newspapers had photographers on the scene as the arrest was made this morning.…
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KABOOM! FTC Says ‘Medical Discount’ Hucksters Used Images Of Obama, Words From Congressional Speech To Fleece Customers; Receiver Already Has Seized Website; Feds, 24 States Launch Fraud Crackdown
EDITOR’S NOTE: Some readers will recall that one of the Secret Service’s allegations in the AdSurfDaily Ponzi case is that pitchmen tried to sanitize the scheme by making false claims that ASD President Andy Bowdoin had received an award for business acumen from President George W. Bush and Vice President Dick Cheney. Others will recall…
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BULLETIN: Data Network Affiliates Gets ‘F’ From BBB After Purported Data Firm Did Not Respond To Complaints
BULLETIN: The Better Business Bureau of Southeast Florida and the Caribbean has given Data Network Affiliates (DNA) an “F” rating after the company failed to respond to complaints. DNA, a purported multilevel-marketing (MLM) firm, publishes a street address in Boca Raton, Fla., on its website. The BBB’s file on DNA lists the Boca Raton address.…
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‘Con Artists’ Who Ran Domain-Renewal Scam Hit With $4.2 Million Judgment; Thousands Of Website Owners Tricked Into Paying Bogus Bills, FTC Says
Thousands of U.S. consumers, businesses and nonprofits were tricked into paying “bogus bills” for the renewal of their website domains by “con artists” in Canada, the FTC said. A federal judge now has issued judgments of more than $4.2 million against the accused scammers. In the cases of three defendants, the judgment was suspended based…
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MORE SLEEPLESS NIGHTS FOR HYIP SCAMMERS? SEC Whacks Another ‘Small’ Ponzi; Agency Says Firm Used Asset ‘Freeze’ Ruse To String Along Victims
EDITOR’S NOTE: The SEC complaint against Candice D. Campbell is yet-another case apt to cause unease in the incongruous worlds of online HYIP, autosurf and investment fraudsters. Among the allegations against Campbell, a purported day-trader and “CFO” of an unincorporated, Canton, Mich.-based company known as CJ’s Financial, is that she lied to investors and used…
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