R. J. Zayed
PP Blog Tag archives on references to "R. J. Zayed."
URGENT >> BULLETIN >> MOVING: Alarming New Allegations Surface In Cook/Kiley Scheme; Receiver Accuses Associated Bank Of Aiding And Abetting Massive Ponzi Amid Allegations That Mysterious Jordanian Trader Linked To Fraud Has ‘Disappeared’
UPDATED 9:56 A.M. ET (JAN. 30, U.S.A.) In a heavily redacted complaint, the court-appointed receiver in the Trevor Cook Ponzi scheme has accused Associated Bank of Green Bay, Wisc., of aiding and abetting the massive caper that has led to jail sentences for Cook and multiple Cook pitchmen. Associated Bank also operates branches in Minnesota, […]
DEVELOPING STORY: CFTC Seeks Asset Freeze Amid Allegations Of Fraud Against Russell R. Wasendorf Sr. Of Peregrine Financial Group Inc.; Wasendorf Reportedly Attempted To Kill Himself Yesterday; Trevor Cook Ponzi Victims At Risk Of Getting Fleeced Twice
EDITOR’S NOTE: The PP Blog first became aware of reports about the suicide bid of Russell R. Wasendorf Sr. last night, after being contacted by a reader who was defrauded in the Trevor Cook Ponzi scheme. Wasendorf apparently sought to take his own life on the sparkling Cedar Falls, Iowa, property of Peregrine Financial Group […]
UPDATE: Criminal Prosecutors Say Jason Bo-Alan Beckman Stole Nearly $4 Million From Elderly Husband And Wife; Wife A Stroke Victim With ‘Hemispheric Paralysis,’ According To Court Records; Beckman’s Manipulations Amount To ‘Contumacious Disobedience,’ SEC Says
UPDATE: Facing a margin deficit of more than $10 million and at risk of having his trading account closed in February 2008, Jason Bo-Alan Beckman — a figure in the Trevor Cook Ponzi scheme — sought to address the whopping shortfall and prop up the monumental fraud by stealing about $3.9 million from an elderly […]
Government Refuses To Say Whether Return Of INetGlobal Funds Means The Firm Has Been Cleared And The Probe Into Its Business Practices Has Concluded
UPDATED 9:24 P.M. EDT (U.S.A.) A spokeswoman for U.S. Attorney B. Todd Jones of the District of Minnesota refused to say today whether the government’s probe into the business practices of Inter-Mark Corp. and INetGlobal is over. “[W]e never confirm or deny the existence of investigations,” said Jeanne Cooney. The firms announced yesterday that prosecutors […]
BULLETIN: R.J. Zayed, Court-Appointed Receiver In Trevor Cook Ponzi, Recovers More Than $1.1 Million In Switzerland
BULLETIN: The court-appointed receiver in the Trevor Cook Ponzi scheme has recovered more than $1.1 million that had been tied up in Switzerland. Receiver R.J. Zayed says that $1,127,495 has been deposited in a U.S. Court account. “[T]he Receiver has now accomplished the goal of repatriating the Swiss funds so that money can be returned […]
BULLETIN: Part Of Bo Beckman Fraud Case Devolves Into AdSurfDaily-Like Sideshow; Beckman Filing ‘Bizarre’ Pro Se Claims That Are Hindering Victims From Recovering Assets And Adding Litigation Costs, Receiver Says
BULLETIN: In 2009, federal prosecutors warned that pro se pleadings by members of Florida-based AdSurfDaily had the potential to slow efforts to provide restitution for victims of the ASD Ponzi scheme. Pro se filings by ASD President Andy Bowdoin and dozens of ASD members crowded the court docket for months and delayed the implementation of […]
‘Bo’ Beckman’s 11-Room Florida Ponzi Palace Has Screened-In, Heated Pool, Spa, ‘Summer Kitchen,’ Game Room, View Of Golf Course And Two Garages, Appraiser’s Report Says
As alleged Ponzi palaces go, Jason ‘Bo’ Alan Beckman’s Florida property is hardly the gaudiest. Even so, the 11-room home in Palm City has features and amenities many Americans only dream about. But one group of Americans — victims of the Trevor Cook Ponzi scheme — are likely only to have only bad dreams about […]
Florida Ponzi Property Of Accused Minnesota Fraudster Bo Beckman Will Drain Cash, Receiver Says; Home With 5 Bathrooms Is ‘Under Water’ And Should Be Beckman’s Problem To Solve
Accused Minnesota fraudster Jason Bo-Alan Beckman’s 5,097-sq.-ft.-home with five bedrooms, five bathrooms and a roomy garage of nearly 1,100 sq. ft. in Palm City, Fla., is seriously “under water” on its mortgage and thus creates a drain on assets that are best used to compensate victims, the court-appointed receiver has advised a federal judge. Receiver […]
TOILET-PAPER CAPER: Tipster Told FBI That Some Of Trevor Cook’s Ponzi Loot Was Stashed Behind Bathroom Tissue Dispenser; In Blistering Memo, SEC Says Cook’s Word ‘Not Worth The Paper That It Is Written On’
“Based on his track record, there is no reason to doubt — and every reason to believe — that [Trevor] Cook is hiding assets, and that he can do much, much more to recover stolen funds. Why else would Cook send millions of dollars to 14 foreign countries, including Dubai, Cyprus, Greece, Belize, Antigua, England, […]
BULLETIN: Trevor Cook Sentenced To 25 Years In Federal Prison; Victims Lost At Least $158 Million In International Forex Ponzi Scheme That Traded On Religion
BULLETIN: Ponzi schemer Trevor Cook has been sentenced to 25 years in federal prison for his role in an international Forex Ponzi scheme that gathered more than $190 million and fleeced victims out of more than $158 million. In ordering the prison term, U.S. District Judge James Rosenbaum sided with the prosecution’s recommendation of a […]
EXPLOSIVE REVELATION: FBI, IRS Find More Than $400,000 In Stashed Loot In Trevor Cook Ponzi Case, Including More Than $200,000 In $100 Bills, Gold Coins, Watches, Baseball Cards
Trevor Cook’s brother was hiding more than $400,000 in cash and valuables from a $190 million Ponzi scheme, according to an extraordinary statement by the court-appointed receiver in the case. The loot was found July 23 — after Trevor Cook, whose plea agreement in the case required him to submit to a lie-detector test if […]