Tag: Liberty Reserve
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Famed Prosecutor Who Tied HYIP Scheme To Terrorist Financier Fired By Trump Administration
EDITORIAL: Ponzi schemers, Wall Street fraudsters and corrupt politicians must be taking comfort in the reported abrupt firing by the Trump administration of Preet Bharara, the U.S. Attorney for the Southern District of New York. There is no question that President Trump had the power to ask Bharara and dozens of other U.S. Attorneys who…
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FEDS: Liberty Reserve Figure Mark Marmilev Shilled On TalkGold Ponzi Forum And Also Hired Shills To Do So; Memo Speaks To Vast Wasteland Of Online Criminality
Mark Marmilev, the technology specialist for the cross-border Liberty Reserve money-laundering operation favored by HYIP scammers and other criminals before its May 2013 collapse, shilled on the TalkGold Ponzi forum, U.S. federal prosecutors said in a sentencing memo. Marmilev, 35, of Brooklyn, N.Y., also hired forum shills and separately tried to hatch an SEO scheme…
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URGENT >> BULLETIN >> MOVING: SEC Charges Alleged HYIP Operators Who Ran ‘Profits Paradise’ From India; Scammers Allegedly Used Fake Names And Engaged In Wanton Deception
URGENT >> BULLETIN >> MOVING: (Updated 9:33 p.m. ET U.S.A.) The SEC has charged two Indian nationals with running an HYIP scheme known as “Profits Paradise” that reached into the United States and offered “extraordinary” returns of up to 480 percent in 240 days, plus “compounding.” As is typical in HYIP schemes, the “program” gained…
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URGENT >> BULLETIN >> MOVING: First U.S. Criminal Prosecution Of Bitcoin-Themed Scheme; Trendon Shavers Arrested
In the first U.S. criminal prosecution involving a Bitcoin-themed scheme, Trendon Shavers has been arrested and charged with securities fraud and wire fraud. Shavers, 32, of McKinney, Texas, was charged civilly by the SEC in July 2013. He is known as “pirateat40,” and allegedly pushed his Bitcoin Savings and Trust Ponzi scheme from a forum.…
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Tweets Claim SEC Inquiring About ‘Hundreds’ Of Bitcoin-Themed Companies
4th UPDATE 8:09 A.M. EDT OCT. 30 U.S.A. In the past several hours, Tweets sourced to Bitcoin-themed publications such as CoinFire, CryptoCoinsNews and CoinTelegrah claim the SEC has opened preliminary inquiries into hundreds of Bitcoin-themed enterprises. On the CoinTelegraph website, the publication asserts there is a “gag order attached to these requests for voluntary cooperation.”…
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Halloween Day Guilty Plea For Liberty Reserve Figure Vladimir Kats
Before Liberty Reserve and its alleged co-conspirators were indicted in May, the company was involved in several horror-filled propositions. These included laundering $6 billion as part of schemes involving “credit card fraud, identity theft, investment fraud, computer hacking, child pornography, and narcotics trafficking,” federal prosecutors said. Now, Liberty Reserve figure Vladimir Kats, also known as…
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BIZARRE: ‘Program’ Dubbed ‘CashCropCycler’ Has Ponzi-Board Presence And Zeek Pitchman While Touting Payouts Through PerfectMoney, SolidTrustPay And EgoPay — And Saying It Provides JSSTripler-Like Signup Bonus Of $10
A “program” with the bizarre name of “CashCropCycler” (Triple C) is being pushed on the Ponzi forums, amid claims it issues cashouts through offshore payment processors linked to fraud scheme after fraud scheme and gives enrollees $10 just for signing up. An earlier HYIP scam known as JSSTripler/JustBeenPaid that appears to have morphed into at…