Tag: Sovereign Grace Inc.
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RECOMMENDED READING: Keith Simmons Sentenced To 50 Years In Federal Prison For ‘Black Diamond’ Ponzi Scheme That Allegedly Sparked Second Ponzi And Offshore Tax Scam Through Entity Known As ‘Sovereign Grace Inc.’
Keith F. Simmons, whose monumentally bizarre Ponzi scheme put a North Carolina bank in harm’s way, has been sentenced to 50 years in federal prison. The Charlotte Observer was first with the story this afternoon. Simmons is 47. Among the allegations in case is that hucksters who’ve been charged both civilly and criminally conducted no…
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BULLETIN: 4 More Indictments In Alleged North Carolina Ponzi Caper; New Charges Follow On Heels Of 7 Previous Convictions And Criminal Allegations That Bank Turned A Blind Eye To Fraud Scheme
BULLETIN: With seven defendants already convicted of Ponzi-related crimes and a North Carolina bank accused of turning a blind eye to the fraud, four new criminal defendants have been named in the Black Diamond Capital Solutions probe. A federal grand jury in Charlotte has returned an indictment against Jonathan D. Davey, 47, of Newark, Ohio;…