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Tag: Florida

Astonishing Case Of Bank Fraud Alleged In New York; Charles J. Antonucci Sr. Charged With Bilking Pastors, TARP Program — And The Bank He Led

EDITOR’S NOTE: At the moment, I don’t have the time to do this story justice. The allegations, however, are astonishing. And law-enforcement officials at both the state and federal levelÂ are calling it another case that has been solved by the Interagency Financial Fraud Enforcement Task Force. A New York man has been arrested on…

Mar 16, 2010
BULLETIN: CFTC Busts 2 Alleged Ponzi Schemes; Patrick H. Rakotonanahary Arrested By FBI In Florida After Financial Fraud Enforcement Task Force Probe

A Florida man has been arrested by the FBI on 21 counts of wire fraud amid allegations he operated a forex Ponzi scheme, collecting more than $10.2 million and pocketing $1 million for himself. The announcement of the arrest of Patrick H. Rakotonanahary, 34, ofÂ Punta Gorda, Fla., was made in Hawaii after a joint…

Mar 16, 2010
FEDS: Florida Man Operated Telephone ‘Cramming’ Scheme From Prison; Willoughby Farr Indicted; Already Faces $34.5 Million Civil Judgment

An inmate operated a collect-call “cramming” scheme from a Florida state prison by hiding his ownership of three firms, federal prosecutors said. Willoughby Farr, 46, of West Palm Beach, has been indicted on six counts of mail fraud and two counts of wire fraud. He faces a maximum prison sentence of 160 years, if convicted…

Feb 17, 2010
Split In Bowdoin/Harris Family? Members Described As ‘Very Much’ Divided; At Least One Family Member Said To Have Contacted Federal Prosecutors

UPDATED 12:01 P.M. ET (U.S.A.) Has the pressure of being challenged on multiple legal fronts led to a split in the extended family of AdSurfDaily President Andy Bowdoin? The depths of any split are unclear, and it is believed that Bowdoin has the continued support of some members of the Bowdoin/Harris family. But interviews conducted…

Feb 17, 2010
FBI: Investigators ‘Wrapping Up’ Decade-Long Probe Into ‘Pump And Dump’ Penny-Stock Schemes That Caused ‘Hundreds Of Millions’ In Losses

UPDATED 2:46 P.M. ET (U.S.A.) And to think a cheerleader for AdSurfDaily once boasted online that Megalido was “offshore” and therefore safe from government meddling, after earlier suggesting that ASD members who did not support the company after Ponzi allegations surfaced perhaps would get dragged off in handcuffs while supporters remained free. To further chill…

Feb 2, 2010
FREE: PDF Handout On Financial Fraud Enforcement Task Force; Document Compiles President’s Executive Order And Attorney General’s Speech In Florida

Dear Readers, UPDATED 11:50 A.M. ET (U.S.A.) There were reports yesterday that things have become so strange at Florida-based AdSurfDaily that a convicted sex offender has emerged as a sort of PR voice for the company. ASD is implicated by the Department of Justice in a $100 million Ponzi scheme, amid allegations of wire fraud,…

Jan 9, 2010
Jacks Arons Purportedly Sued By Larry Friedman

UPDATED 12:40 P.M. EST (U.S.A.) A person posting as “Bob Guenther” at the ASD-Biz forum reports Jack Arons, a mainstay in the AdSurfDaily case and a driving force behind an effort to get the ASD Members Business Association (ASDMBA) to provide a verifiable accounting of association spending, has been sued by Larry Friedman for slander…

Mar 6, 2009