Tag: HYIP schemes
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Judge Says Ponzi And HYIP Operator Who Swindled Mother Of Fallen U.S. Marine Deserves More Jail Time Than Specified In Plea Bargain, Sentences Juan Rangel To 22 Years; Rangel’s Son Wanted By FBI In Bribery Caper
EDITOR’S NOTE: Although this story largely focuses on the sentencing of Juan Rangel, his son — Harold Rangel — is wanted by the FBI in a bribery case and is believed to have helped his father pull off a massive HYIP and Ponzi scheme. Although federal prosecutors offered a plea bargain to Ponzi and HYIP…
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MORE SLEEPLESS NIGHTS FOR HYIP SCAMMERS? SEC Whacks Another ‘Small’ Ponzi; Agency Says Firm Used Asset ‘Freeze’ Ruse To String Along Victims
EDITOR’S NOTE: The SEC complaint against Candice D. Campbell is yet-another case apt to cause unease in the incongruous worlds of online HYIP, autosurf and investment fraudsters. Among the allegations against Campbell, a purported day-trader and “CFO” of an unincorporated, Canton, Mich.-based company known as CJ’s Financial, is that she lied to investors and used…
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Judge Extends Asset Freeze In Matt Gagnon Fraud Case; Issues Order To Preserve Evidence And Require Weekly Financial Report To SEC
A federal judge has extended the freeze on the assets of a website operator accused by the SEC of shilling for a Ponzi schemer and then trying to extort money from the schemer when the fraud was collapsing. Severe restrictions placed on Mazu.com operator Matt Gagnon by U.S. District Judge George Caram Steeh of the…
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‘Sports Arbitrage’ Betting Program Was Investment Scam, Feds Say; Yul Na Indicted For Wire Fraud, Money-Laundering; Faces Up To 890 Years In Prison
A man has been indicted in Las Vegas for stealing nearly $1 million from investors by telling them they were participating in a “sports arbitrage” betting program and could not lose, federal prosecutors said. An arrest warrant has been issued for Yul Na. He was charged in a criminal indictment with 30 counts of wire…
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Postal Inspectors, IRS Say Canadian Promoted ‘Series’ Of HYIP Frauds; Randi A. Bochinski Arrested In British Columbia, Faces U.S. Indictment
Still promoting HYIP frauds on the Ponzi boards and elsewhere? A Canadian citizen was arrested in British Columbia June 3 and now has been indicted in the United States on charges of wire fraud, mail fraud and money-laundering, authorities said. Randi A. Bochinski, 46, of Kelowna, B.C., potentially faces decades in prison and huge fines…