Tag: cash-gifting schemes
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Women’s ‘Gifting Circle’ Participants Risk Felony Prosecution; ‘Stop Immediately’ And Pay Back Money, Idaho Attorney General Warns
The successful felony prosecutions under federal law of two Connecticut women in a cash-gifting scam apparently hasn’t registered in Idaho. Now, the state’s attorney general, citing the Connecticut prosecutions that led to lengthy prison sentences, is taking action. And he’s not mincing words. “Taking part in an unlawful pyramid scheme violates the Idaho Consumer Protection…
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British Women Convicted For Roles In Cash-Gifting Pyramid Scheme With Bridal Theme
In May 2012, three American women and alleged “leaders” of a cash-gifting pyramid scheme were arrested in Connecticut for their roles in the purported “opportunity,” a pyramid that featured so-called “Women’s Gifting Tables” and had a food theme. Two of the woman later were sentenced to prison. The third woman was placed on three years’…
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Hawaii Prosecutor Says ‘Women’s Gifting Circles’ Pyramid Scheme Operating In State — Plus, Update On ‘Blessing Gold Club’
“Women’s Gifting Circles” or “Women Empowering Women Circles” pyramid schemes are operating in Hawaii, said Kauai Prosecuting Attorney Justin F. Kollar. “These schemes are marketed as a way to entice women through a tiered investment model, often using language that speaks in terms of ‘empowering’ women spiritually or financially,” Kollar said. “The people at the…
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URGENT >> BULLETIN >> MOVING: 2 Connecticut Cash-Gifting Pyramid Schemers Sentenced To Combined 10.5 Years In Federal Prison; Probe ‘Ongoing,’ Feds Say
URGENT >> BULLETIN >> MOVING: UPDATED 10:18 P.M. EDT (U.S.A.) Two Connecticut women convicted of wire fraud and filing false tax returns in a multimillion-dollar cash gifting scam have been sentenced to a combined 10.5 years in federal prison, federal prosecutors announced tonight. Donna Bello, 57, was sentenced to six years. Jill Platt, 65, was…
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NEW HAVEN REGISTER: Witness Says Alcoholics Anonymous Members Were Recruited For Cash-Gifting Scheme And That ‘Largest Conflict I’ve Ever Seen’ In AA Ensued
EDITOR’S NOTE: In May 2012, the PP Blog reported that three women had been arrested on federal charges in Connecticut that flowed from an alleged cash-gifting pyramid scheme. One of the women has pleaded guilty. Two others now are on trial. Cash-gifting often is associated with affinity fraud. The alleged Connecticut scheme centered around women…
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OREGON LIVE: State Takes Action Against Alleged Gifting Pyramid
OregonLive (The Oregonian) is reporting that the state has taken action against participants in an alleged cash-gifting pyramid scheme. Like recent cases in Connecticut and Michigan, the Oregon case involves women. The paper is reporting that four naturopathic physicians were involved in the scheme. One of them was ordered to pay a fine of $15,000…
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URGENT >> BULLETIN >> MOVING: Feds Arrest 3 ‘Leaders’ Of Alleged Cash-Gifting Scheme; Conspiracy, Wire Fraud And Tax Fraud Charged; ‘Defendants Attempted To Intimidate A Participant Who Had Questioned The Legality Of The Gifting Table Scheme,’ Prosecutors Say
So, you think your cash-gifting “sponsor” has your best interest at heart? Three women who were “leaders” of a cash-gifting scheme in Connecticut were arrested earlier today on charges of conducting a pyramid scheme and engaging in a conspiracy, wire fraud and tax fraud, federal prosecutors said. The scam operated between 2008 and 2011, reached…