Tag: James Fayed
-
FBI: Convicted Murderer And Cross-Border E-Bullion Fraudster James Fayed Was Scamming The Scammers
Still pushing Ponzi-board schemes in the age of cross-border fraud and terrorism? In a retrospective on the 2008 E-Bullion case, a retired FBI special agent says convicted murderer James Fayed was scamming HYIP scammers. “He just pocketed the money from all these high-yield investment programs after they ran,” said Maura Kelley. “And the money continued to come…
-
Legisi HYIP Ponzi Pitchman Matthew John Gagnon Is In Federal Custody
Will it be the shot heard ’round the HYIP world — or will serial Ponzi-board and social-media fraudsters continue to pretend it is meaningless? Matthew John Gagnon, a 45-year-old pitchmen for the $72 million Legisi HYIP Ponzi scheme and other online fraud schemes, is listed as an inmate at Federal Correctional Institution (FCI) in Sheridan,…
-
SPECIAL REPORT: Like AdSurfDaily And OneX Before It, Alleged TelexFree Pyramid Scheme May Be Engaging In Game Of Payment-Processor Roulette
“While reviewing the ASD website in the District of Columbia, [an undercover agent] found a posting within ASD’s News section, apparently posted by ASD on July 2, 2008. The title of the posting was, “Alert Pay & Direct Deposit are being phased out July 31, 2008.” According to ASD’s posting, “We have notified BOA not…
-
BULLETIN: SEC Backs Legisi Receiver’s Bid To Pursue E-Bullion Cash
BULLETIN: The SEC has asked a federal judge to permit the receiver in the Legisi HYIP Ponzi-scheme case to pursue funds tied up after the arrest of James Fayed, the operator of the e-Bullion payment processor. Fayed was convicted in 2011 of ordering the murder of his wife, a potential witness against him. Pamela Fayed…
-
BULLETIN: Legisi Receiver Goes After E-Bullion Assets Tied Up After Grisly California Murder; Robert D. Gordon Says More Than 85 Percent Of Funds Directed At HYIP Flowed Through Shuttered Processor
UPDATED 5:08 P.M. EDT (U.S.A.) How dangerous and bereft is HYIP Ponzi Land? More than 85 percent of the $72.6 million directed at the Legisi HYIP Ponzi scheme before its May 2008 collapse flowed through the now-shuttered e-Bullion payment processor operated by convicted murderer James Michael Fayed, according to the court-appointed receiver in the Legisi…
-
BULLETIN: Citing Gregory McKnight’s ‘Semantic Obfuscation,’ Prosecutors Ask Judge To Sentence Convicted Legisi HYIP Swindler To 15 Years — ‘The Top Of The Sentencing Guidelines’; Like Zeek, ‘Program’ Was Pushed On The Ponzi Boards And Instructed Members Not To Use The Word ‘Investment’
BULLETIN: Yesterday’s scheduled sentencing of convicted Legisi HYIP swindler Gregory N. McKnight has been delayed until Nov. 19, but federal prosecutors in the Eastern District of Michigan have asked U.S. District Judge Mark A. Goldsmith to sentence McKnight to 15 years in prison. McKnight and Legisi relied on “semantic obfuscation” in which investors were told…
-
URGENT >> BULLETIN >> MOVING: Legisi HYIP Pitchman Matthew John Gagnon Named In Criminal Complaint By U.S. Secret Service
URGENT >> BULLETIN >> MOVING: Matthew J. Gagnon, an alleged online pitchman for the Legisi HYIP Ponzi scheme, has been named in a criminal complaint filed by the U.S. Secret Service. Gagnon, 42, of Portland Ore., and Weslaco, Texas, was accused civilly by the SEC in 2010 of being “a danger to the investing public,”…
-
UPDATE: Judge Ordered Detention Of Kenneth Wayne Leaming To Continue After Initial Hearing; AdSurfDaily Figure And Purported ‘Sovereign Citizen’ Accused Of Filing Bogus Liens Against Bush Cabinet Secretary, Officials Involved In ASD Ponzi Case
UPDATED 5:42 P.M. ET (U.S.A.) Public officials involved in the AdSurfDaily Ponzi case were not the only targets of bogus liens filed by Kenneth Wayne Leaming, according to federal prosecutors in Seattle. Leaming, 55, also filed a lien against Mary Peters, the U.S. Secretary of Transportation under President George W. Bush during his second White…
-
BULLETIN: E-Bullion Operator And Emerging AdSurfDaily Figure James Fayed Formally Sentenced To Death For Contract Slaying Of Estranged Wife; A ‘Cold, Calculating Human Being’
BULLETIN: The Los Angeles Times is reporting (link below) that James Fayed has been formally sentenced to the death penalty for arranging the brutal slashing death of Pamela Fayed, his estranged wife and a potential witness against him. James Fayed, 48, is an emerging figure in the AdSurfDaily Ponzi case. Federal prosecutors in the District…
-
DURANGO HERALD: Attorney Says His Client Was Ponzi Player Who Tried To ‘Scam The Scammers’; E-Bullion’s Name Surfaces In Illustrative Case Of Frederick H.K. Baker, Who Is Sentenced To Federal Prison
In July 2010, FINRA memorably described the HYIP sphere as a “bizarre substratum of the Internet.” The regulator warned about “online payment systems” that are used for criminal activity, noting that some fraud purveyors discuss subjects such as how to “build a winning HYIP portfolio” and how “to ‘ride the Ponzi’ and get in and…
-
Missouri-Based ‘Trainer’ For Florida-Based AdSurfDaily Was Head Of Purported ‘Religious’ Nonprofit Firm In Oregon; State Dissolved Firm Over Which Erma ‘Web-Room Lady’ Seabaugh Presided; Address For ‘Carpe Diem’ Was A Mail Drop
On Jan. 16, 2008, the state of Oregon recorded the business registration of an entity known as “Carpe Diem,” a purported “religious” nonprofit firm. AdSurfDaily figure Erma Seabaugh of Cape Girardeau, Mo., was listed as Carpe Diem’s president and secretary. ASD members described Seabaugh as a “trainer” for the Florida-based autosurf firm whose operator, Thomas…