Tag: SEC
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BULLETIN: Vincent McCrudden Pleads Guilty To Threatening Regulators, Government Officials
BULLETIN: Vincent McCrudden, who was arrested in January amid allegations he threatened to kill 47 regulators and government officials, has pleaded guilty to two counts of transmitting threats to kill. McCrudden, 50, faces up to 10 years in prison. He has been jailed since his arrest in New Jersey. “Mr. McCrudden made bone-chilling and graphic…
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URGENT >> BULLETIN >> MOVING: KABOOM! Feds, SEC, CFTC Move Against Alleged U.S. Huckster Who Ran Forex Ponzi Scheme From Panama And Fled To Peru; Self-Styled ‘Christian’ Jeffery A. Lowrance Registered Business In New Zealand And Routed Ponzi Payments To And From The Netherlands, Officials Say
URGENT >> BULLETIN >> MOVING: A U.S. citizen who told investors he was a “Christian” who shared their political philosophy of “limited government” ripped off hundreds of people in a $21 million Forex Ponzi scheme involving “fictitious trading,” used some of the cash to start an alternative newspaper, preyed on followers of U.S. Rep. Ron…
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Millions Of Dollars In Payments To Accountant, 73, Provided Him ‘Powerful Incentive’ To Look The Other Way As Joseph Forte Pulled Off $75 Million Ponzi Scheme, SEC Says
Joseph S. Forte, one of the earliest of the so-called mini-Madoffs, was sentenced in November 2009 to 15 years in federal prison — slightly more than a year in jail for each year his 13-year scheme operated. The SEC now says he had help from an accountant who looked the other way because Forte, a failed…
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INCREDIBLE: Texas Forex Fraudster Allegedly Scammed Georgia Attorney Now Jailed In $40 Million Ponzi Scheme; Mark E. Rice Accused By CFTC Of Ripping Off Seminar Swindler Robert P. Copeland
In a case that could provide even more inspiration for lawyer jokes and black comedy on America’s epidemic of white-collar crime and hucksterism, the CFTC has gone to federal court in Texas to accuse an alleged Forex scammer of defrauding a Georgia attorney now serving a 10-year prison sentence for ripping off senior citizens in…
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URGENT >> BULLETIN >> MOVING: Paranoia-Maker: FBI Undercover Sting In Florida Leads To Criminal, Civil Charges Against 5 In Alleged Penny-Stock Capers; Agents Established ‘Phony’ Consulting Company
URGENT >> BULLETIN >> MOVING: An undercover sting by the FBI in Florida has led to criminal and civil charges against five alleged penny-stock fraudsters in Florida, Texas, Nevada and California. The sting featured a phony “consulting” company created by the FBI, authorities said. News about the make-believe consultancy followed on the heels of news…
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BULLETIN: Christopher Pettengill Pleads Guilty In Trevor Cook Ponzi Scheme
BULLETIN: Christopher Pettengill, a figure in the $194 million Trevor Cook Ponzi scheme, has pleaded guilty in Minneapolis to securities fraud, money-laundering and conspiracy, the FBI said. Read Breaking News coverage in the Star Tribune, which is reporting that Pettengill says he has been cooperating with federal investigators since January. Pettengill, 54, of Plymouth, Minn.,…
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BULLETIN: Defendant In January CFTC Sweep Ordered To Pay $280,000 Penalty; ‘ForInvest’ Also Ordered To Remove Forex Solicitation Pages From Internet; Firm Used Same Payment Processor As Imperia Invest IBC, Ponzi Forum Darling And Defendant In SEC Action
BULLETIN: A Delaware company accused by the CFTC in January of illegally hawking Forex offers has been hit with a $280,000 penalty and ordered to remove its Forex solicitation pages from the Internet. U.S. District Judge James B. Zagel of the Northern District of Illinois entered the order against ForInvest Group of Delaware. ForInvest also…
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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…
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Second Man With Trevor Cook Tie Charged Criminally In Massive Minnesota Ponzi Scheme; Christopher Pettengill Faces Securities-Fraud, Conspiracy And Money-Laundering Accusations
A Minnesota man has become the second person with ties to convicted Ponzi schemer Trevor Cook’s Forex scam to be charged criminally. Christopher Pettengill, 54, of Plymouth, “knowingly concealed information from investors concerning the foreign currency program sold by Pettengill, Cook, and others,” federal prosecutors said. He has been charged with securities fraud, money-laundering and…