Tag: Interagency Financial Fraud Task Force

UPDATE: Renee Marie Brown, Sued By SEC Last Year In Mysterious ‘Fund X’ Scam, Now Faces Criminal Charges Of Securities Fraud, Wire Fraud And Money Laundering

Renee Marie Brown, the Minnesota woman accused by the SEC last year of orchestrating a bizarre fraud known as “Fund X,” has been indicted on criminal charges of securities fraud, wire fraud and money laundering. Brown, 47, of Golden Valley, presided over a company known as Investors Income Fund X LLC, which the SEC described…

May 18, 2011
Federal Judge Issues Restraining Order, Asset Freeze In Alleged Mantria Ponzi Scheme; Video Featuring President Obama, Former President Clinton And World Business Leaders Pulled From ‘Speed Of Wealth’ Website

In a day of notable irony, the Obama administration announced the creation of an Interagency Financial Fraud Task Force led by the Department of Justice. Critical support functions will be provided by the Treasury Department, the Department of Housing and Urban Development and the Securities and Exchange Commission. One of the first cases the new…

Nov 17, 2009

UPDATE: Renee Marie Brown, Sued By SEC Last Year In Mysterious ‘Fund X’ Scam, Now Faces Criminal Charges Of Securities Fraud, Wire Fraud And Money Laundering