BULLETIN: Entities Operating As Fleet Mutual Wealth Limited And MWF Financial Are Online Frauds, SEC Says; ‘Program’ Has Presence On TalkGold And MoneyMakerGroup Ponzi Forums; Money Ordered Frozen In SolidTrustPay, EgoPay And Perfect Money Accounts
BULLETIN: (7th Update 8:51 p.m. ET U.S.A.) Entities known as Fleet Mutual Wealth Limited, MWF Financial Limited and Mutual Wealth are frauds that filed invalid forms with the SEC to dupe the masses, the SEC said. An associated web domain styled MutualWealth.com also is a fraud, the SEC said in a statement and emergency court […]
URGENT >> BULLETIN >> MOVING: CFTC Chairman Issues Extraordinary Statement In Response To Congressional Proposal To Cut Agency Budget In Wake Of White-Collar Fraud Epidemic And Expanded Responsibilities
UPDATED 9:05 P.M. EDT (U.S.A.) The white-collar fraud epidemic has become a political football — one that actually uses a football analogy. This is a statement from Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission: “The result of the House bill is to effectively put the interests of Wall Street ahead of those […]
Another HYIP Pushed By ASD Members Now DOA; Cypriot, Canadian Securities Regulators Issue Warnings About Genius Funds; Regulator Seeks Criminal Probe
Regulators in Cyprus have referred Genius Funds for criminal investigation and released a warning that the company “[is] not permitted to provide investment and ancillary services in the Republic.” Genius Funds, a darling of the HYIP world, was heavily promoted on the Ponzi boards. The program also is known as Genius Investments. The program was […]