Tag: SEC
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UPDATE: Nicholas Cox, Figure In North Carolina Fraud Scheme Operating Near Ground Zero For Zeek Rewards, Sentenced To Federal Prison
With the alleged $600 million Zeek Rewards Ponzi scheme dominating local headlines in North Carolina’s Piedmont Triad region, including the city of Lexington in Davidson County, an earlier, smaller fraud scheme operating in the region largely fell out of the news. But the Integra Capital Management LLC Ponzi and fraud scheme operated by Nicholas Cox…
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Legisi HYIP Pitchman Matthew John Gagnon Pleads Guilty, Admits He Didn’t Disclose ‘Touting’ Compensation Of More Than $1 Million And Caused More Than $7 Million In Losses
Legisi HYIP Ponzi-scheme pitchman Matthew John Gagnon has pleaded guilty in the Eastern District of Michigan to a criminal charge of not disclosing he’d been paid more than $1 million by Legisi and its operator Gregory N. McKnight to tout the “program” online. In a plea agreement now public after being fashioned in October and…
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UPDATE: Sentencing For Legisi HYIP Operator Gregory McKnight Postponed Again Pending Depositions; Now Set For May 7
Sentencing for Gregory N. McKnight, the operator of the Legisi HYIP Ponzi scheme, has been postponed until May 7. McKnight had been scheduled to be sentenced today. The postponement marks at least the fourth in the case. McKnight pleaded guilty to wire fraud a year ago this month. The docket of the case in federal…
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Woman Sentenced To 80 Years In Texas State Prison For Felony Theft In Case That Flowed From Ponzi And Fraud Scheme
Karen Patricia Bowie, whom the SEC described in 2009 as a citizen of Canada who bought a house in Maine with fraud proceeds from the Titan Wealth Management LLC Ponzi scheme in Texas, has been sentenced to 80 years in Texas state prison. The Texas State Securities Board described Bowie, 61, as a “foreign notes…
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URGENT >> BULLETIN >> MOVING: Purported Charity ‘We The People Inc. Of The United States’ Was ‘Only A Front To Sell Bogus Investment Products’ To Senior Citizens, SEC Charges
URGENT >> BULLETIN >> MOVING: (UPDATED 3:14 P.M. ET U.S.A.) The SEC has gone to federal court in the Southern District of Florida, alleging that an enterprise known as “We The People Inc. of the United States” (We the People) was a “front” that covered up a fraud scheme aimed at senior citizens in multiple…
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BULLETIN: Receiver Says $12 Million In Zeek Money Located ‘In An Eastern European Country’ — But Has Not Been Returned
BULLETIN: (2ND UPDATE 8:47 P.M. ET U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi-scheme case says he has located $12 million in receivership assets held in an unspecified “eastern European country” — but the funds have not been returned. “This account is owned and was used by a payment processor outside the United States…
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OBAMA IN VIDEO: ‘You Don’t Want To Mess With Mary Jo’; President Announces Nomination Of Mary Jo White To Lead SEC
UPDATED 5:56 P.M. EDT (U.S.A.) President Obama formally introduced Mary Jo White to the American people today. White, 65, is Obama’s choice to lead the SEC. “You don’t want to mess with Mary Jo,” Obama said. White is the first woman ever appointed U.S. Attorney for the Southern District of New York. Today marked another…
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URGENT >> BULLETIN >> MOVING: Mary Jo White, Famed Terrorism And Financial-Crimes Prosecutor, Gets Nod From President Obama To Head The SEC
UPDATED 12:53 P.M. ET (U.S.A.) In a move that may signal that the White House sees the SEC as an agency that is playing an increasingly important role in matters of national security and economic security, President Obama is set to nominate famed attorney and former federal prosecutor Mary Jo White to head the SEC.…
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BULLETIN: Prosecutors, FBI Say Man Engineered $28 Million Securities Fraud By Manipulating Court With Aid Of ‘Sham Lawsuits’ Brought By ‘Florida-Based Lawyers’ Who Obtained ‘Pleadings From A Single Manhattan-Based Law Firm’
BULLETIN: The former president and chief executive officer of Unico Inc. in San Diego has been indicted on federal charges of conspiracy to commit securities fraud and obstruction of justice, amid spectacular allegations of legal chicanery. Mark Anthony Lopez was accused of conspiring with New Jersey-based stock trader Mark Allen Lefkowitz to manipulate the share…