Tag: FBI
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FEDS: Istvan Merchenthaler Charged In Alleged ‘Prepaid Phone Cards’ Ponzi Scheme That Stole More Than $2 Million From Investors
EDITOR’S NOTE: If you’re keeping a “Bubba Blue” notebook on how to have your Ponzi scheme, this alleged caper in Greater Philadelphia involving prepaid phone cards and purported ties to major retailers perhaps merits an entry . . . A 42-year-old Pennsylvania man has been charged in an alleged “prepaid phone cards” Ponzi scheme that…
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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: Idaho Man Allegedly Ran Forex Ponzi Scheme And Duped Investors With Fake Asset Freeze And Forged Documents Purporting To Be From CFTC Official And Judge; Brad Lee Demuzio Sued Civilly, Charged Criminally
BULLETIN: (UPDATED 4:14 P.M. EDT U.S.A. APRIL 14) The CFTC has gone to federal court in Idaho, alleging that Brad Lee Demuzio of Chubbuck was running a Forex Ponzi scheme that tanked. Unable to make payouts, Demuzio “fabricated a letter purporting to be from the CFTC and bearing the fraudulently copied signature of a CFTC officer,…
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URGENT >> BULLETIN >> MOVING: Ponzi Schemer And Recidivist Felon Robert Stinson Jr. Sentenced To More Than 33 Years For ‘Life’s Good’ Caper
URGENT >> BULLETIN >> MOVING: Robert Stinson Jr., the Philadelphia-area Ponzi schemer who was wiring stolen funds from one account to another even as the FBI was conducting a raid in 2010, has been sentenced to 400 months in federal prison. The term amounts to more than 33 years. Stinson, a 57-year-old securities huckster and…
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FEDS: Florida Attorney Conspired With Ponzi Schemer Scott Rothstein To Run Electioneering, Check-Kiting And Tax Scams And Prop Up Cash-Gushing Law Firm
Fort Lauderdale lawyer Steven N. Lippman conspired with now-disbarred attorney, convicted racketeer and Ponzi schemer Scott Rothstein to prop up the Rothstein, Rosenfeldt and Adler (RRA) law firm through electioneering, check-kiting and tax scams, federal prosecutors charged yesterday. A 70-attorney firm that employed about 150 staff members, RRA collapsed in the wake of Rothstein’s epic…
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Accused Scammer And Convicted Felon Eric Aronson, 2 Others Indicted In Alleged Permapave Ponzi Scheme; ‘House Of Cards,’ Top Federal Prosecutor Says
Eric Aronson, the accused New York scammer and convicted felon originally arrested in October 2011 in an alleged Ponzi scheme, now has been formally indicted, federal prosecutors in the Eastern District of New York said. Charged along with Aronson with conspiracy, securities fraud and money laundering were Vincent Buonauro and Fredric Aaron. Aaron is an…
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BULLETIN: Stewart David Nozette, American Scientist Who Sold Out His Country For The Price Of A Used Car, Sentenced To 13 Years In Federal Prison
BULLETIN: Stewart David Nozette, the Maryland man with a PhD from the Massachusetts Institute of Technology and a “Top Secret” security clearance, has been sentenced to 13 years in federal prison on charges of tax fraud and attempted espionage. The espionage case was brought by the FBI after Nozette — believing he’d been recruited by…