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Firm Assisting In Zeek Receivership Probe Has Another High-Profile Case; New York Times Reports That Kroll Investigative Firm Discovered ‘Well-Concealed Ponzi Scheme’ At Kabul Bank And ‘114 Rubber Stamps For Fake Companies’
A company retained by the court-appointed receiver in the Zeek Rewards Ponzi scheme case received a prominent mention in the New York Times yesterday. The company, the Kroll investigative firm, uncovered a massive Ponzi fraud at Kabul Bank in Afghanistan in which hundreds of millions of dollars were siphoned from depositors to benefit a “narrow…
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THANKSGIVING BLOTTER: Police Tell San Gabriel Valley Tribune That Apparent ‘Sovereign’ Escaped Holding Cell Through 9-In. Crack And Stole ‘Beanie’ From Dollar Store To Conceal His Hairdo; Arthur Guerrero Back In Custody On $1.035 Million Bail
An apparent California “sovereign citizen” arrested on Nov. 6 escaped through a 9-inch crack in a holding cell at the Glendora Police Department and, while making off, stole a “beanie” from a dollar store to disguise his appearance by concealing his overflow hairdo, authorities told the San Gabriel Valley Tribune. Here’s now the paper put…
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FLORIDA: 4 Purported ‘Sovereign Citizens’ Arrested On Forgery Charges In Alleged Counterfeit Check Scheme
Four purported “sovereign citizens” — three with Florida addresses and one with a North Carolina address — were arrested yesterday after investigators received reports of counterfeit checks being passed at local businesses, the Osceola County Sheriff’s Office said. A search of a room at the Red Roof Inn on Kyngs Heath Road in Kissimmee led…
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STUNNING: Nearly 1 BILLION Zeek Transactions Over 18 Months, Receiver Says; ‘Sheer Quantity Of Data’ And ‘Inadequate And Incomplete’ Records Necessitate Delay In Filing Of Liquidation Plan
EDITOR’S NOTE: It’s this simple: Ponzi = Pain — and even “ordinary” Ponzi schemes often result in extraordinary paper chases. The Zeek case may be setting a new standard for the extraordinary. The receiver in the Zeek Rewards Ponzi scheme case informed a federal judge today that “the Receivership Team is still in the process…
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BULLETIN: Securities Fraudster/Ponzi Schemer Sentenced To 40 Years
BULLETIN: Jasen M. Snelling — who last month was sentenced to nearly 11 years in prison in a federal Ponzi-scheme case brought in Ohio — now has been sentenced in Indiana state court to 40 years. The state case was brought after an investigation by the office of Indiana Secretary of State Connie Lawson. Snelling…
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Purported Illinois ‘Sovereign’ Arrested On Charges She Filed False Liens Totaling $1.2 TRILLION; Judges, Famed Prosecutor, Assistants, Federal Agents Allegedly Targeted
During his days at the Justice Department, Patrick J. Fitzgerald perhaps was America’s most famous prosecutor. When he wasn’t prosecuting terrorism cases in New York (United States v. Usama bin Laden, et al.), he was prosecuting Mafia figures (United States v. John Gambino). Fitzgerald, now 51 and in private practice, has drawn praise and criticism…
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KABOOM! Money-Services Firm That Turned A Blind Eye To International Scammers Will Forfeit $100 Million After Probe By U.S. Postal Inspection Service
“MoneyGram knowingly turned a blind eye to scam artists and money launderers who used the company to perpetrate fraudulent schemes targeting the elderly and other vulnerable victims.” — Lanny A. Breuer, Assistant Attorney General, Nov. 9, 2012 BULLETIN: The price of willful blindness just went up if you’re a money-services business that facilitates international mass-marketing…
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