William Galvin
PP Blog Tag archives on references to "William Galvin."
URGENT >> BULLETIN >> MOVING: Massachusetts Confirms TelexFree Probe
URGENT >> BULLETIN >> MOVING: The office of Massachusetts Commonwealth Secretary William Galvin has confirmed an investigation into the TelexFree MLM “program” is under way. “There is an investigation going on, but I can’t comment beyond that,” said Brian McNiff, a spokesman for Galvin. The brief statement to the PP Blog marks the first confirmation […]
URGENT >> BULLETIN >> MOVING: Massachusetts Halts WCM777, Says It Was Selling Unregistered Securities And Targeting Brazilian Community
URGENT >> BULLETIN >> MOVING: (10th Update 9:28 p.m. ET U.S.A.) Massachusetts has halted the WCM777 multilevel marketing scheme, saying it was associated with entities in Hong Kong, the British Virgin Islands and the United States and selling unregistered securities. In Massachusetts, the state said, the scheme was targeting the Brazilian community. In a filing […]
‘Churning’ Scammer Fleeced 9/11 Widow, Disabled Daughter; Victim’s Husband Was Naval Officer Killed In Pentagon Attack, Authorities Say
A Massachusetts man entrusted with $3.7 million from a widow whose husband was a Naval officer killed in the 9/11 terrorist attack on the Pentagon has been charged by state and federal authorities in a “churning” case. James J. Konaxis, 52, of Beverly, pocketed more than half a million dollars in commissions by making a […]
KA-BOOM! SEC Files Emergency Action In Alleged Richard Elkinson ‘Uniform’ Ponzi Scheme; U.S. Attorney General Warns Fraudsters, ‘You Are Writing Your Ticket To Jail’
Ka-boom! A federal judge has frozen the assets of alleged Ponzi schemer Richard Elkinson, accused of fleecing investors in Massachusetts by telling them he brokered deals for government uniforms and uniforms worn by Olympic athletes. Meanwhile, the attorney general of the United States ventured to Florida today and gave a dramatic speech at the Forum […]
Massachusetts Secretary Of State Seeks C&D Order, Disgorgement Against Individuals, Company That Helped Richard Elkinson Sell Alleged Ponzi Scheme
In a case that may cause worry among autosurf and HYIP enthusiasts who earn sales commissions, Massachusetts Secretary of State William Galvin has sent the state Securities Division after the profits earned by two individuals and a company that recruited investors into the alleged Richard Elkinson Ponzi scheme. Galvin’s office filed civil papers today that […]