PatrickPretty.com – Page 215 – "Ponzi schemes Securities fraud HYIP schemes Pyramid schemes Investment fraud Internet crime"

PatrickPretty.com

EDITORIAL: Gold Nugget Invest ‘Players’ Create Smokescreen For Failed HYIP; Defend Company On Ponzi Boards, Claiming United States Has No Jurisdiction

EDITOR’S NOTE: Claims often are made that it’s “safe” for U.S. residents to invest in “offshore” opportunities and that offshore enterprises are outside the reach of U.S. regulators and law-enforcement agencies. This column refutes those assertions — and also includes information on Abdul Tawala Ibn Ali Alishtari, also known as “Michael Mixon.” Alishtari operated an…

Jan 17, 2010
Bush, Clinton Join Forces For Earthquake Relief; Urgent Appeal Issued In Aftermath Of Devastating Temblor In Haiti

President Obama has asked his predecessors to spearhead a fundraising effort for Haiti earthquake relief. The president appeared yesterday with former President George W. Bush and former President Clinton at the White House to make the announcement. “[W]eâ€™re moving forward with one of the largest relief efforts in our histoy — toÂ save lives and…

Jan 17, 2010
ASD ALL OVER AGAIN? Gold Nugget Invest (GNI) Collapse Brings Out The Conspiracy Theorists, Apologists; Theorists Claim Interpol Investigating SEC

EDITOR’S NOTE: Conspiracy theories quickly became part of the AdSurfDaily story after federal agents seized tens of millions of dollars from the company in August 2008 amid Ponzi scheme allegations. Yesterday reports surfaced that Gold Nugget Invest (GNI), a High Yield Income Program (HYIP) positioned as a betting arbitrage, had collapsed. GNI reportedly announced that…

Jan 16, 2010
REPORTS: Gold Nugget Invest (GNI) Has Collapsed; Belize Issued Warning In November, But Program Pitched On Surf’s Up In December

There are multiple reports that the Gold Nugget Invest (GNI) HYIP has collapsed — although the early spin is that the program is embarking on a “Re-organization.” The government of Belize put out a warning on GNI in November.Â Some members said the warning was meaningless, and continued to tout the program. GNI’s website now…

Jan 15, 2010
Court Gives Receiver Go-Ahead To Start Selling Property Tied To Alleged Trevor Cook/Pat Kiley Ponzi; Large-Screen TVs, Slot Machines To Be Auctioned

UPDATED 4:06 P.M. ET (U.S.A.) A federal judge in the SEC and CFTC Ponzi scheme cases against Trevor Cook and Pat Kiley has paved the way for the receiver to begin selling property linked to the alleged $190 million scheme. Among the first items up for bid will be 12 large-screen televisions, two slot machines…

Jan 15, 2010
Ballroom Dancer Gets 18 Years In Financial Scheme; Wayne ‘Twinkle Toes’ Puff Case In New Jersey Combined Mortgage And Ponzi Fraud

His case signaled that things were desperately out of control in the U.S. mortgage industry, and Wayne Puff was sentenced yesterday to 18 years in federal prison for swindling investors and banks in a massive mortgage and Ponzi scheme that operated between 1998 and 2005. Although Puff had been disciplined by regulators in New Jersey…

Jan 15, 2010
Montana Broker Arrested In Alleged Ponzi; Authorites Say Arthur L. Heffelfinger Stole From 90-Year-Old Client With Dementia

Arthur Leroy Heffelfinger has been arrested in Montana on a felony charge of exploitation of an older person amid allegations he raided the account of a woman in her 90s to sustain a Ponzi scheme he had been operating for years. Heffelfinger, 63, of East Helena, also was charged with a felony count under Montana…

Jan 14, 2010
Former Talk-Radio Host Gregg Rennie Pleads Guilty In Ponzi Scheme; Weizhen Tang Arrested At Toronto Airport

A Massachusetts man accused of targeting senior citizens and people of faith — and fleecing millions of dollars from them in a Ponzi scheme — has pleaded guilty. Meanwhile, Canadian-citizen and Ponzi-scheme suspect Weizhen Tang, the self-describedÂ “Chinese Warren Buffet,” was arrested last night at Pearson International Airport in Toronto. Tang was taken into custody…

Jan 14, 2010
Records Suggest Cook/Kiley Firms Owned At Least 12 Large-Screen TVs And Beer-Dispensing Equipment

In a case that already has featured assertions that alleged Minnesota Ponzi schemer Trevor Cook purchased a submarine on eBay to access his private island in Canada, the receiver in the case has filed papers that suggest Cook also had an affinity for large-screen TV sets. Receiver R.J. Zayed listed 10 TV sets with 50-inch…

Jan 14, 2010
FBI Arrested Ponzi Suspect Aboard Jet Preparing For Flight To ‘Overseas’ Destination Last Month; Tarakeswar Chaudhary Taken Off Emirates Airlines Plane

Federal agents and airport police have arrested a man suspected of operating a Ponzi scheme and fleecing investors in a fraudulent Google stock offering, the FBI said. Tarakeswar â€œTarakâ€ Chaudhary, 49, of Tustin, Calif., was arrested last month at San Francisco International Airport after he boarded an Emirates Airlines flight bound for an “overseas” destination,…

Jan 13, 2010
Do Ponzi Schemes Pose A Threat To National Security? New PP Poll Asks A Simple Question

Our new poll asks a simple question: Do Ponzi Schemes Pose A Threat To National Security? You may vote only one time. Until voting closes, the poll also will be in the sidebar to the right. [polldaddy poll=”2515763″] Feel free to argue your points in the Comments section of this post.

Jan 13, 2010

Got any book recommendations?