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Tag: George Theodule

UPDATE: Promoters May Be Lobbying TelexFree To Keep Ponzi Scheme Intact

Updated 8:36 a.m. ET (Feb. 26, U.S.A.) Some TelexFree promoters may be lobbying the company and Brazil-based executive Carlos Costa to keep its original Ponzi scheme intact, according to a Blog post (in Portuguese) observed by the PP Blog this morning. BehindMLM.com reported on Feb. 19 that TelexFree may be in the process of changing…

Feb 25, 2014
BULLETIN: George Theodule, HYIP Ponzi Huckster Identified In 2008 By SEC, Arrested On Criminal Charges

George Louis Theodule, identified by the SEC in a 2008 civil case as a multimillion-dollar Ponzi huckster and affinity fraudster largely targeting the Haitian community through so-called “investment clubs,” now has been arrested on criminal charges, federal prosecutors in the Southern District of Florida said. Investors were duped into believing Theodule’s HYIP “program” through entities…

Aug 26, 2013
BULLETIN: U.K.’s Serious Fraud Office Charges John Neil Hirst In $16 Million Ponzi Fraud; Brits, French, Americans Allegedly Targeted By Gilher Inc. Of Panama And Seychelles

BULLETIN: John Neil Hirst has been charged by the Serious Fraud Office (SFO) in the United Kingdom in a case that alleges he was at the helm of an international Ponzi scheme that targeted British, French and Americans through a company registered in Panama and Seychelles. The company was known as Gilher Inc., the SFO…

Apr 6, 2011
URGENT >> BULLETIN >> MOVING: German Cardona Soler, Figure Associated With International Forex Scam Pushed On TalkGold And MoneyMakerGroup, Arrested By Spanish National Police; Agency Alleges $300 Million Ponzi

BULLETIN: Spanish National Police have arrested German Cardona Soler in a case that alleges a spectacular Ponzi and fraud scheme involving more than $300 million. Two others also were arrested, and police “locked” 12 bank accounts. Although early details are unclear, it appears as though police have charged at least seven people in the alleged…

Mar 25, 2011
OH, FLORIDA! Spectacular New Allegations Raised In George Theodule Ponzi Scheme; Bank Sued For $68 Million Amid Accusation It Funneled Investors’ Cash To Fraudster Through ‘Drive-Thru’ Window

The Miami Herald broke the story last night (see link at bottom of post) that Wells Fargo, which merged with Wachovia Bank in December 2008 and assumed its liabilities, has been sued for $68 million by the court-appointed receiver in the George Theodule Ponzi scheme in Florida. Theodule largely targeted the Haitian-American community in his…

Dec 30, 2010
Judge Orders More Than $5.5 Million In Penalties In George Theodule Ponzi That Targeted Haitian-Americans; Massive Litigation Involving Family Members, Winners, Attorneys Continues

It is not nice to be George Theodule today. For starters, the expensive cars and other luxuries are gone — and now a federal judge has issued orders of disgorgement and penalties totaling more than $5.5 million in a Ponzi scheme case brought by the SEC in 2008. Beyond that, though, people associated with Theodule…

Mar 31, 2010