WILLFUL BLINDNESS: With Legisi Operator Now Convicted Of Wire Fraud, HYIP Colleague And Fellow Ponzi-Forum Darling Nicholas Smirnow Of Pathway To Prosperity Listed As ‘Wanted’ By INTERPOL; Meanwhile, Cheerleading For JSS Tripler Continues
After the news broke yesterday that Gregory N. McKnight, the accused operator of the Legisi HYIP Ponzi scheme, had pleaded guilty to wire fraud in a $72 million caper, things only got worse for the serial Ponzi-forum cheerleaders — not that they’re likely to abandon their practice of willful blindness while reaching across oceans to […]
KABOOM! Affidavit In Pathway To Prosperity Case Paints Picture Of Wanton Criminality; Complaint References TalkGold, ASAMonitor, MoneyMakerGroup Posts; United States Throws Down Gauntlet
Federal prosecutors serving under U.S. Attorney A. Courtney Cox of the Southern District of Illinois have thrown down the gauntlet, declaring that “[a] large percentage, if not all, HYIPs, are Ponzi schemes.” In a criminal complaint and accompanying affidavit that only can be described as remarkable, prosecutors and the U.S. Postal Inspection Service said the […]
OBTAINED: Feds’ Affidavit In Nick Smirnow/P2P Case; Full Story To Follow
The PP Blog has obtained an affidavit filed by the U.S. Postal Inspection Service in the Nicholas A. Smirnow/Pathway To Prosperity (P2P) case. Smirnow was charged criminally Friday with operating an international Ponzi scheme that fleeced more than 40,000 investors. Smirnow, according to investigators, has: A. A 2002 conviction for the crime of breaking and […]