Subscribe to our mailing list

X

All posts tagged "ponzi scheme"

  • Ponzi Schemes Are The New Black

    Thirteen days into the year and I feel like all I’ve written about is Ponzi-scheme after Ponzi-scheme after Ponzi-scheme. Today I bring to you the sentencing of Jenifer Devine, the woman who owned a purported wholesale merchandise...

    • Posted January 13, 2012
    • 0
  • Largest Recruiter Of Shapiro’s $930 Million Ponzi Scheme Sentenced

    Sydney Jack Williams of Naples, Florida was sentenced today to a year and a day in prison for failing to report more than $12 million to the IRS in related commissions received in Nevin Shapiro’s $930 million...

    • Posted January 11, 2012
    • 0
  • Two More Charged In Rothstein Billion Dollar Fraud Scheme

    On the first of this month it was announced that two more Rothstein Associates were charged in connection with the billion dollar fraud scheme. Announced was the filing of charges against William Boockvor and Marybeth Feiss for...

    • Posted December 26, 2011
    • 0
  • What Makes A Scam WISE?

    In conjunction with a $15 million fraudulent investment scheme Duane Allen Eddings was found guilty of wire fraud, money laundering, bankruptcy fraud and tax evasion. Talk about a financial mess! According to court documents and evidence presented...

    • Posted November 15, 2011
    • 0
  • $78 Million Mortgage Fraud “Dream Home” Scheme Owner Convicted

    Andrew Hamilton Williams, Jr., was convicted last week in Maryland of fraud conspiracy, wire fraud and conspiracy to commit money laundering in connection to a massive mortgage fraud scheme. The scheme, entitled “Metro Dream Homes” promised to...

    • Posted November 14, 2011
    • 0
  • New Defendant Named In $105 Million Ponzi Scheme

    A pending federal case investigating a $105 million “ponzi” scheme has charged a new defendant in the case. Newly added defendant, Alfred Gerebizza, is alleged that he and co-defendant Daniel Spitzer engaged in a ponzi scheme that...

    • Posted November 2, 2011
    • 0
  • North Carolina Man Is Seventh Convicted Of $40 Million Black Diamond Ponzi Scheme

    It was announced last week that Bryan Keith Coats of Clayton, North Carolina plead guilty to his role in connection with the Black Diamoind Ponzi Scheme Investigation that resulted in a $40 million investment fraud conspiracy. Coats...

    • Posted November 1, 2011
    • 0
  • Another MetLife Employee Strikes Again!

    Just a few days ago I reported on how former MetLife employee, Mark Edward Salyer of Tennessee, was responsible for the investment fraud scheme to the tune of $6 million between June of 2005 until June of...

    • Posted October 10, 2011
    • 0
  • Father And Son Sentenced For $930 Million Ponzi Scheme

    Sometimes the apple doesn’t fall far from the tree. When children are growing up many look up to their parents and imitate them on a daily basis. “When I grow up, I’m going to be just like...

    • Posted October 10, 2011
    • 0
  • A Double Dose Of Commodities Scams In North Carolina

    Two completely separate men were charged in two completely separate Ponzi schemes in one completely same city of Charlotte, North Carolina on September 23, 2011. Both defendants plead guilty to commodities fraud. Apparently they both promised victims...

    • Posted October 6, 2011
    • 0
  • A Modern Day Bonnie & Clyde! Colorado Couple Charged With Ponzi Scheme

    Marie and Richard Dalton of Golden Colorado were charged in a federal criminal complaint that was unsealed on September 30, 2011 with operating a $17 million Ponzi scheme that lulled investors in 13 states with claims of...

    • Posted October 2, 2011
    • 0
  • Online Payday Loan Provider Impact Cash Charged as a Ponzi.

    The SEC just filed suit against John Scott Clark, Impact Cash, and Impact Payment Systems. The suit alleges Clark and Impact, which operated an online payday loan business, effectively lured investors in and took their money. From...

    • Posted March 29, 2011
    • 0
  • Is 4Ginfinity.com Yet Another Get Rich Quick Money Making Ponzi Scheme or Pyramid Scam?

    A recent comment on a previous post of mine directed me to 4ginfinity.com, “The Next Generation Straight-Line.” Frankly, my opinion is that people need to avoid money game programs like this. It appears to be nothing more...

    • Posted June 17, 2010
    • 0
  • Jewelry Store and Pawnshop Owner Charged With Running Ponzi Scheme

    Yesterday in Miami, Luis Felipe Perez was sued by the Securities and Exchange Commission for defrauding primarily Hispanic consumers by investing money for fixed returns. From 2006 until June 2009, Perez raised approximately $40 million in a...

    • Posted June 3, 2010
    • 1
  • If You Signed Up With a Debt Settlement Company Since in 2008, 2009, or 2010. Bad News.

    Damon Day had an excellent observation on his site in a post he wrote after the Senate Hearings yesterday on debt settlement. His concern is for people who have enrolled in a debt settlement program in the...

    • Posted April 23, 2010
    • 0