SEC Names 3 Defendants In Alleged $16 Million Credit-Card ‘Merchant Portfolio’ Ponzi Scheme Targeted At Mormons; Records Show Schemes Within Schemes Dating Back Years
EDITOR’S NOTE: If you’re keeping a Bubba Blue notebook on how to have a Ponzi scheme as opposed to shrimp, here is an entry: an alleged “merchant portfolio” Ponzi scheme. Ponzi and fraud schemes often use impressive-sounding terminology to separate people from their money. Schemes typically mushroom to consume millions of dollars when investors — […]
URGENT >> BULLETIN >> MOVING: Triton Financial’s Kurt Barton Found Guilty In Ponzi Scheme That Defrauded People Of Faith, Football Stars, Family Members; Now-Convicted Fraudster May Face Life In Prison; ‘The Con Man Can Be As Brutal As Any Armed Robber,’ FBI Agent Says
URGENT >> BULLETIN >> MOVING: A jury in Texas has returned dozens of guilty verdicts against Kurt Branham Barton in the Triton Financial LLC case. Barton, 44, potentially faces life in prison after being convicted of 17 counts of money laundering, 15 counts of wire fraud, five counts of making false loan statements, one count of […]
OFFICIALS: Ponzi Schemes, Investment Fraud Have Led To Staggering Losses In Utah; Hundreds Of Potential Perpetrators Identified
UPDATED 8:38 P.M. EDT (U.S.A.) Recent Ponzi schemes and cases of investment fraud have cost Utah residents an estimated $1.4 billion, the FBI said today. About 370 investigative “subjects” — defined as “potential perpetrators” in current cases — have been identified, and the agency and its law-enforcement partners have embarked on a public awareness and […]