Tag: California Ponzi schemes
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URGENT >> BULLETIN >> MOVING: SEC Charges Shervin Neman In Alleged Ponzi Scheme Targeted At Los Angeles Persian-Jewish Community; Federal Judge Issues Emergency Asset Freeze
URGENT >> BULLETIN >> MOVING: The SEC has gone to federal court in Los Angeles, alleging that a California man was operating a $7.5 million Ponzi scheme targeted at the Persian-Jewish community. U.S. District Judge Jacqueline H. Nguyen has issued an emergency asset freeze. Charged in the alleged affinity-fraud caper was Shervin Neman, 30, of…
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FEDS: Former California National Guard Base Commander Timothy Melvin Murphy Pleads Guilty To Bilking $2.7 Million In Ponzi And Fraud Caper
The onetime commander of the California National Guard base in Los Alamitos has pleaded guilty to mail fraud in a Ponzi scheme that defrauded 28 investors of $2.7 million, federal prosecutors said. Ret. Col. Timothy Melvin Murphy, 70, of Orange, ran his investment scam through an entity known as Capital Investors Inc., also of Orange,…
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BULLETIN: American, Canadian Indicted In Alleged Ponzi Scheme Involving More Than $129 Million; Jacquline Hoegel, William Wise Charged In San Francisco
BULLETIN: Jacquline Hoegel, an American living in American Canyon, Calif., has been charged criminally in an alleged Ponzi scheme that gathered $129.5 million, the office of U.S. Attorney Melinda Haag of the Northern District of California said. Also indicted was William Wise, a citizen of Canada. Wise, 62, formerly resided in Raleigh, N.C. A warrant…
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BULLETIN: SEC Says California Man Was Running THREE Ponzi Schemes — One Of Them Allegedly Duped Investors Into Believing They Were Funding FedEx Distribution Facility In Las Vegas
BULLETIN: The SEC has gone to federal court in the Southern District of California, alleging that Steven L. Hamilton of Carlsbad was running three Ponzi schemes through three companies he set up “to solicit unsuspecting investors.” Hamilton is 42, the SEC said. One of the offers allegedly duped people into believing they were investing in…
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BULLETIN: Former Radio Host John Farahi Indicted In Alleged Ponzi Scheme; His Attorney Also Indicted Amid Allegations He Obstructed SEC Probe
BULLETIN: John Farahi, a former Los Angeles radio host who once was a member of the city council of Reno, Nev., has been indicted on dozens of counts of defrauding investors and banks out of at least $20 million, federal prosecutors in the Central District of California said. David Tamman, an attorney, was indicted amid…
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BULLETIN: California Man, Wife And 68-Year-Old Mother Arrested In Alleged Bail-Bond Ponzi Scheme Tied To Bogus Company
EDITOR’S NOTE: If you’ve been keeping a “Bubba Blue” notebook on ways to have your Ponzi scheme as opposed to shrimp, here is another entry . . . BULLETIN: A California man, his wife and his Indiana-based mother have been arrested in an alleged $2.5 million Ponzi scheme tied to a bogus insurance company known…
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BULLETIN: Already Sentenced To 30 Years In California Ponzi Caper, Purported ‘Sovereign Citizen’ Thanh-Viet ‘Jeremy’ Cao Gets More Time In Nevada False-Liens Case
BULLETIN: Thanh-Viet “Jeremy” Cao, the California Ponzi schemer and purported “sovereign citizen” who was sentenced in May to 30 years in federal prison for the Ponzi caper, now has been sentenced to an additional 41 months for a Nevada crime in which he filed false liens for hundreds of millions of dollars against government officials.…
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BULLETIN: California Woman Pleads Guilty In ‘Christian Rock Concerts’ Ponzi Scheme; Recidivist Swindler Lauren Baumann Used Money From Latest Scam To Pay $10,000-A-Month Mansion Rent, Prosecutors Say
BULLETIN: A California woman has pleaded guilty to wire fraud in a Ponzi scheme in which investors were falsely told their money was being used to fund “Christian rock concerts” and to flip real estate at a profit. Lauren Baumann, 43, of Downey, was a recidivist huckster who failed to disclose she’d been sued for fraud…
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BULLETIN: SEC Says Alleged Life-Settlement Scammer Ran $4.5 Million Fraud And Ponzi Scheme — And Spent $5,000 On ‘Cowboy Boots’ And Another $5,000 For ‘Dating Service’ While Directing $55,000 To A ‘Tribute’ For Deceased Entertainer Michael Jackson; Image Of Former President Bill Clinton Appears On Website
UPDATED 4:32 P.M. EDT (U.S.A.) It’s only getting stranger . . . The SEC has gone to federal court in Los Angeles and obtained an emergency asset freeze for what it described as a $4.5 million life-settlement fraud and Ponzi scheme operated by a man who spent more than $5,000 in investor funds on “cowboy…