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Tag: Interagency Financial Fraud Enforcement Task Force

BULLETIN: Feds Make Criminal Bust In Alleged Forex Fraud; Nicholas Cox Of Integra Capital Management LLC Arrested In North Carolina; Allegations In Companion Civil Case Destroy Myth That Companies That Issue 1099s Could Not Possibly Be Operating Scams

A North Carolina man sued by the CFTC last year in an alleged $3 million Forex and commodities Ponzi scheme now has been arrested by federal agents on criminal charges. The allegations in the case destroy a myth advanced by financial hucksters and shills that a company that issues 1099 tax forms could not possibly…

May 19, 2011
KABOOM! CFTC/FTC Cases Against American Precious Metals LLC Were Part Of Broader Effort By New Task Force Operating In South Florida; Feds, State Throw Down Gauntlet Against Scammers

Kaboom! It turns out that the cases announced this week against American Precious Metals LLC (APM) by the CFTC and FTC were part of a geographically localized law-enforcement initiative that sprouted from “Operation Broken Trust,” a major national initiative undertaken last year by the U.S. Department of Justice and partner agencies as part of the…

May 19, 2011
UPDATE: Michael S. Goldberg, Ponzi Schemer Who Falsely Traded On Name Of JPMorgan Chase To Dupe Investors, Sentenced To 10 Years In Federal Prison; Caper Included Domain-Name Fraud To Give Investors False Sense Of Security

Michael S. Goldberg, the Connecticut man who lured investors into bogus deals in part by creating websites that traded on the name of JPMorgan Chase Bank and other companies, has been sentenced to 10 years in federal prison. Goldberg, 40, stole more than $30 million from investors over a period of 12 years in a…

May 18, 2011
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
KA-BOOM! SEC Files Emergency Action In Alleged Richard Elkinson ‘Uniform’ Ponzi Scheme; U.S. Attorney General Warns Fraudsters, ‘You Are Writing Your Ticket To Jail’

Ka-boom! A federal judge has frozen the assets of alleged Ponzi schemer Richard Elkinson, accused of fleecing investors in Massachusetts by telling them he brokered deals for government uniforms and uniforms worn by Olympic athletes. Meanwhile, the attorney general of the United States ventured to Florida today and gave a dramatic speech at the Forum…

Jan 8, 2010