Tag: offshore fraud
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SEC: Federal Judge Orders Asset Freeze Amid Allegations That ‘Locust Offshore Fund Ltd.’ Was A Fraud Pulled Off By Man Who Falsely Claimed 2 Harvard Degrees; Andrey C. Hicks Accused Of Faking Academic And Employment Pedigrees And Sanitizing Fraud Through Website
In yet another bizarre and disturbing development on the fraud front, the SEC went to federal court in Massachusetts yesterday, leveling spectacular allegations of financial deceit against Locust Offshore Management LLC of Delaware and Cambridge, Mass., and its principal, Andrey C. Hicks of Boston. Named a relief defendant was Locust Offshore Fund Ltd., a purported…
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9News.com (KUSA/Denver) Reports That Marlyn Hinders, Fugitive In $80 Million Genesis Fund Ponzi Scheme, Has Been Arrested
Marlyn D. “Milt” Hinders, a Colorado fugitive charged six years ago in the $80 million Genesis Fund Forex Ponzi scheme, has been arrested in Houston, 9News.com (KUSA) is reporting. Hinders is 72. He was indicted in May 2005. A federal grand jury that had been impaneled in the Central District of California in 2003 accused…
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Pyramid Scheme Operated From Building Known As ‘One Pyramid Center’; Pennsylvania AG Says; Universities, Nonprofits Swindled In Alleged Caper With Offshore Tentacles
Four Pennsylvania residents have been charged in an alleged pyramid-scheme caper that gathered more than $7.5 million and bilked universities, nonprofits, local governments and other clients, investigators said. Charged in the case were Brian James Murray, 67, of Scranton; Murray’s wife, Diane D. Murray, 66; Christine M. Oliver-Shean, 51, of Scranton; and Oliver-Shean’s husband, Timothy…