Tag: oil and gas Ponzi schemes
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Ponzi Pitchman Pleads Guilty To Alleged Role In Massive Oil-And-Gas Swindle; ‘We Will Be Relentless In Our Pursuit’ Of Scammers, Top Federal Prosecutor Says
A Dallas man accused of fleecing investors in oil-and-gas schemes that gathered $535 million in Texas and Michigan has pleaded guilty to his role in the alleged schemes. “Investment fraud is, at its core, a betrayal of trust by one person to another,” said U.S. Attorney John M. Bales of the Eastern District of Texas. …
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BULLETIN: Ponzi Suspect Kills Self, New York Newspaper Reports; Ashvin Zaveri Was Implicated In $35 Million Swindle
A New York man implicated by the FBI and the IRS in a Ponzi scheme has killed himself, the Democrat and Chronicle of Rochester is reporting. It is at least the second Ponzi-related suicide in the United States in recent weeks. Florida Ponzi suspect Wayne McLeod, suspected of bilking federal employees, killed himself in Florida…