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Tag: Financial Fraud Enforcement Task Force

RealScam.com, Antiscam Site, Is Under DDoS Attack

UPDATED 11:39 A.M. EDT (MARCH 21, U.S.A.) RealScam.com reports that the DDoS attack is continuing, but that measures have been taken to restore accessibility. The site is back online. Here, below, our earlier story . . . RealScam.com, a site that concerns itself with international mass-marketing fraud, is experiencing a DDoS attack, a source told…

Mar 20, 2013
EDITORIAL: As Financial Fraud Enforcement Task Force Website (StopFraud.gov) Spotlights AdSurfDaily Prosecution, Bizarre Email Circulating Among ASD Members Raises New Conspiracy Theories

UPDATED 10:31 A.M. EDT (U.S.A). ASD case subject of discussion in Washington’s highest power corridors: The Financial Fraud Enforcement Task Force was formed by President Obama in November 2009. U.S. Attorney General Eric Holder, a member of the President’s cabinet and the chief law-enforcement officer of the U.S. government, presides over the Task Force. Secret…

Sep 28, 2011
URGENT >> BULLETIN >> MOVING: AdSurfDaily Ponzi Scheme Example Of ‘Insidious’ Financial Crime, Head Of Justice Department’s Criminal Division Says; Top Officials, U.S. Secret Service Issue Statement In Support Of Victims; Obama Task Force Monitoring ASD Case

URGENT >> BULLETIN >> MOVING: The AdSurfDaily Ponzi scheme is an example of an “insidious” financial crime, the head of the U.S. Department of Justice’s Criminal Division said moments ago in a special statement on how forfeiture laws were used to protect ASD victims. Meanwhile, a top official of the U.S. Secret Service described Florida-based…

Sep 26, 2011
BULLETIN: Man Whose Invesment License Was Revoked 6 Years Ago Arrested In California; Janamjot Singh Sodhi Suspected Of Hatching Swindle That Gathered At Least $2.4 Million, Feds Say

BULLETIN: A California man whose license to deal in investments was revoked in 2005 and was the subject of a desist-and-refrain order four years later has been arrested on charges be was operating a fraud scheme, federal prosecutors said. Janamjot Singh Sodhi, also known as Jimmy Singh, was arrested yesterday and will make a court…

Sep 16, 2011
BULLETIN: New Jersey Ponzi Scheme Figure Jenifer Devine Pleads Guilty To Wire Fraud; Case Was Brought By Financial Fraud Enforcement Task Force

A New Jersey woman accused of operating an $8 million Ponzi and investment-fraud scheme has pleaded guilty to wire fraud. Jenifer Devine, 39, of Fair Lawn, was accused in November 2010 of ripping off investors in a purported wholesale business known as Devine Wholesale, which purportedly offered clothing and electronics. But it was a promissory-notes…

Sep 15, 2011
David R. Lewalski Pleads Guilty In $30 Million Botfly LLC Ponzi Caper; Case Had ASD-Like Twists, Including Efforts To Demonize Government; Attorney Seeking Relief For Victims Was Called Vile Name

UPDATED: 3:07 P.M. EDT (U.S.A.) David R. Lewalski, a Florida man who ran a $30 million Forex Ponzi scheme through a firm known as Botfly LLC, has pleaded guilty in federal court in the Middle District of Florida. Lewalski, 47, formerly resided in Gainesville. Parts of the Botfly case are reminiscent of the AdSurfDaily case.…

Aug 1, 2011
URGENT >> BULLETIN >> MOVING: KABOOM! Feds, SEC, CFTC Move Against Alleged U.S. Huckster Who Ran Forex Ponzi Scheme From Panama And Fled To Peru; Self-Styled ‘Christian’ Jeffery A. Lowrance Registered Business In New Zealand And Routed Ponzi Payments To And From The Netherlands, Officials Say

URGENT >> BULLETIN >> MOVING: A U.S. citizen who told investors he was a “Christian” who shared their political philosophy of “limited government” ripped off hundreds of people in a $21 million Forex Ponzi scheme involving “fictitious trading,” used some of the cash to start an alternative newspaper, preyed on followers of U.S. Rep. Ron…

Jul 15, 2011
OH, UTAH: SEC Alleges Business Executives Used Bogus Press Releases — And Disbarred Attorney — To Sanitize Precious Metals Fraud Scheme

BULLETIN: The SEC has gone to federal court in Utah to seek penalties against a precious metals company and associated firms and individuals, amid spectacular allegations that a PR firm sold the unregistered securities of its own corrupt penny-stock client and a disbarred attorney enabled the scam by issuing a bogus opinion letter. Utah has…

Jun 9, 2011
BULLETIN: Nevin Shapiro, Operator Of $930 Million ‘Grocery’ Ponzi Scheme, Sentenced To 20 Years In Federal Prison; Fraudster ‘Used Other People’s Money To Live A Fantasy Life,’ U.S. Attorney Says

BULLETIN: Nevin Shapiro, the Florida-based operator of a bizarre “grocery” Ponzi scheme that gathered nearly $1 billion and caused losses approaching $100 million, has been sentenced to 20 years in federal prison. Shapiro, 42, was charged by federal prosecutors in New Jersey last year after investigations by the FBI and the IRS. He pleaded guilty…

Jun 8, 2011
BULLETIN: SEC Employee Was Member Of Collapsed Imperia Invest IBC Fraud Scheme That Targeted Deaf Investors And Drained Millions Of Dollars; ‘Headquarters’ Worker Placed On Administrative Leave

BULLETIN: An employee of the SEC at its Washington headquarters was a member of a fraud scheme under investigation by the agency and shared misleading information about its ongoing probe with other investors, according to a report to Congress by SEC Inspector General H. David Kotz. The document does not reveal the employee’s name or…

Jun 1, 2011
As Promos On Ponzi Forums Continue And Members Claim IRS Recognition, Club Asteria Acknowledges That Its Members Used PayPal ‘To Cheat Fellow Members’; Says Fraudsters Were Turned Over To Unidentified ‘Authorities’; Existing Members Of Virginia-Based Firm Told To Use Offshore Processors

In June 2010, the U.S. Department of Justice used its Blog to warn about the emerging threat of “mass marketing fraud,” specifically citing the criminal allegations of a $70 million Ponzi fraud against Nicholas Smirnow of Pathway To Prosperity (P2P). P2P was promoted on the TalkGold and MoneyMakerGroup Ponzi forums. A little over a month…

May 17, 2011