Tag: James Yacone
-
BULLETIN: Philip Lochmiller Sr., 64-Year-Old Recidivist Huckster And Ponzi Schemer, Effectively Sentenced To Life In Prison
BULLETIN: Philip Lochmiller Sr., the Colorado recidivist securities huckster and Ponzi schemer whose case drew comparisons to the AdSurfDaily Ponzi case for a lack of key disclosures to investors, has been sentenced to 405 months in federal prison and ordered to pay restitution of $18.6 million. The term amounts to nearly 34 years. Lochmiller is…
-
Reputed Colorado ‘Sovereign Citizen’ Matthew O’Neill Pleads Guilty To Providing False Information After Mailing White Powder To State Department Of Revenue; Envelope Triggered Terrorism Scare And Evacuation Of Employees From Government Building
On May 17, 2011, Matthew “Matt” O’Neill, 52, entered a post office in Kremmling, Colo., and “filled out documents for certified or registered mail,” federal prosecutors said. O’Neill, though, did not immediately put his envelope in the mail. Instead, he left the post office and “reentered several times before finally mailing” it, prosecutors said. By…
-
UPDATE ON DECEMBER 2009 SPECIAL REPORT: 3 Figures In Philip R. Lochmiller Sr. Ponzi Case Will Go To Federal Prison; ‘Elderly Victims Were Financially Devastated,’ FBI Agent Says; Case Involving Recidivist Fraudster Drew Comparison To AdSurfDaily
In a case that drew comparisons to AdSurfDaily because of recidivism, undisclosed bankruptcies and ties to Utah, the three principal figures of the Philip R. Lochmiller Sr. real-estate Ponzi scheme in Colorado will be going to federal prison. Lochmiller Sr., 63, was found guilty in July after a 10-day trial in which the jurors returned…