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Tag: Ontario Securities Commission

Ontario Securities Commission Issues Warning On ‘Rockwell Partners,’ A Ponzi-Board ‘Program’

Rockwell Partners SA, an HYIP “program” that has a 218-page thread at the MoneyMakerGroup Ponzi forum, now is the subject of a warning from the Ontario Securities Commission. A Facebook site that claims an association with Rockwell Partners asserted in March 2014 that “[w]e would like to remind you that Rockwell Partners is not just…

Jan 15, 2015
BULLETIN: Entities Operating As Fleet Mutual Wealth Limited And MWF Financial Are Online Frauds, SEC Says; ‘Program’ Has Presence On TalkGold And MoneyMakerGroup Ponzi Forums; Money Ordered Frozen In SolidTrustPay, EgoPay And Perfect Money Accounts

BULLETIN: (7th Update 8:51 p.m. ET U.S.A.) Entities known as Fleet Mutual Wealth Limited, MWF Financial Limited and Mutual Wealth are frauds that filed invalid forms with the SEC to dupe the masses, the SEC said. An associated web domain styled MutualWealth.com also is a fraud, the SEC said in a statement and emergency court…

Mar 5, 2014
BULLETIN: 3 Church Officials, Including 2 Pastors, Arrested By Toronto Police In Alleged Fraud Scheme In Which Money Was Funneled To Panama

BULLETIN: Dozens of members of a church congregation were scammed by husband-and-wife pastors and a church administrator in a Forex fraud and “loan” scheme in which money was funneled to Panama, Toronto police say. Arrested were Lorraine Bahlmann, 47, Verna Hibbert, 48, and Marlon Hibbert, 49. They’ve been charged with with 38 counts of fraud…

May 3, 2013
URGENT >> BULLETIN >> MOVING: SEC Calls Zeek ‘$600 Million Online Pyramid And Ponzi Scheme’

URGENT >> BULLETIN >> MOVING: (UPDATED 6:25 P.M. EDT (U.S.A.) The SEC has filed an emergency action in federal court in Charlotte, N.C., that alleges Zeek Rewards is a $600 million Ponzi and pyramid scheme. “The obligations to investors drastically exceed the company’s cash on hand, which is why we need to step in quickly,…

Aug 17, 2012
BULLETIN: CFTC Moves Against Alleged Texas Forex Fraudster Christopher B. Cornett; Agency Says Huckster Is Convicted Felon Once Banned By NASD; 5 International Law-Enforcement Agencies Assisted In Probe

BULLETIN: The CFTC has gone to federal court in Texas, alleging that Christopher B. Cornett of the town of Buda was operating a Forex- pool fraud and misappropriation scheme that gathered more than $14 million in phases between June 2008 and October 2011. Cornett has been charged civilly with fraud, which allegedly operated through entities…

Feb 8, 2012
BULLETIN: E-Bullion Operator And Emerging AdSurfDaily Figure James Fayed Formally Sentenced To Death For Contract Slaying Of Estranged Wife; A ‘Cold, Calculating Human Being’

BULLETIN: The Los Angeles Times is reporting (link below) that James Fayed has been formally sentenced to the death penalty for arranging the brutal slashing death of Pamela Fayed, his estranged wife and a potential witness against him. James Fayed, 48, is an emerging figure in the AdSurfDaily Ponzi case. Federal prosecutors in the District…

Nov 18, 2011
BULLETIN: Quebec Regulators Reference Cherryshares And Mega Pension Plan — Two ‘Programs’ Pushed On Ponzi Boards — In Freeze And Cease-Trade Orders Against 3 Canadian Promoters, 2 Companies

BULLETIN: The Autorité des marchés financiers (AMF) has obtained freeze and cease-trade orders against three Quebec residents and two business entities — and has shut down at least one website amid allegations that an international marketing scam was under way. At least two of the programs referenced in AMF’s action were promoted on the TalkGold…

Jun 15, 2011
BULLETIN: Gold Quest International (GQI) UPLINE/DOWNLINE Groups Will Be Subject Of Hearing By Ontario Securities Commission; Case Alleges Respondents Were Both Investors And Promoters Who Pushed Unregistered Securities Of Bizarre Firm

EDITOR’S NOTE: If you’re pushing Ponzi schemes on MoneyMakerGroup, TalkGold and other criminal forums, allegations brought by the Ontario Securities Commission (OSC) against geographically localized promoters of Gold Quest International (GQI) may interrupt your delusions of invincibility over the next several weeks. Upline and downline networks within Gold Quest International (GQI), a bizarre company taken…

Feb 21, 2011
BULLETIN: SEC Halts Alleged $105 Million Ponzi Scheme Operating ‘Offshore’; Daniel Spitzer Charged In Complex International Fraud Case; Several Agencies Credited With Assisting Probe

Saying his offshore Ponzi scheme was on the verge of collapse but still collecting money, the SEC has charged a resident of the U.S. Virgin Islands with fraud. Several international authorities assisted in the probe, the SEC said. Daniel Spitzer, a U.S. citizen who resides in St. Thomas, was charged in the scheme. The SEC…

Jun 28, 2010
U.S., German, British, Canadian Provincial Regulators Cooperate In Probe Of Alleged ‘Oil And Gas’ Fraud Scheme Operating In Florida, Texas And Aruba; SEC Sues Justin Solomon And Affiliated Firms

A Florida man selling “joint ventures” in oil-and-gas businesses in Texas to overseas clients through corporate arms in the United States and Aruba has been accused of fraud by the SEC. Named defendants in the case were Justin Solomon of Deerfield Beach, Fla., and three affiliated companies: Seisma Oil Research LLC of Boca Raton, Fla.,…

Jun 18, 2010
Pathway To Prosperity Case A Subject Of Discussion In Washington’s Highest Power Corridors; Website Of U.S. Attorney General Includes Link To Case Info As Part Of ‘Mass-Marketing Fraud’ Educational Campaign

In November 2009, President Obama formed the interagency Financial Fraud Enforcement Task Force (FFETF). By January, U.S. Attorney General Eric Holder, who answers to Obama,Â publicly warned fraudsters that “if you propagate an investment scheme, if you are complicit in an act of financial fraud, you are writing your ticket to jail.” It now turns…

Jun 2, 2010