BULLETIN: In an unusually large recovery by a court-appointed receiver, victims of the “3 Hebrew Boys” Forex Ponzi scheme and fraud caper in South Carolina will receive back about 46 cents on the dollar, according to filings in federal court. The Post and Courier of Charleston is reporting this afternoon that it has confirmed the [...]
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Ponzi Schemes. Securities fraud. HYIP Schemes. Pyramid Schemes. Investment Fraud. Internet Crime.
Florida ‘Sovereign Citizen’ (And Former Fugitive) Who Waged Intimidation Campaign Sentenced To 78 Months In Federal Prison; Larry M. Myers Sent ‘Threatening Communications’ And Obstructed Justice
Larry M. Myers, a self-described “sovereign citizen” and fugitive who remained on the lam for 14 years before his August 2011 arrest, has been sentenced to 78 months in federal prison. Myers, 63, was found guilty by a jury on Valentine’s Day of conspiracy, mailing threatening communications in a bid to extort and obstructing justice. [...]
EDITORIAL: ‘Our Mentor Has Had To Take A Break Due To Legal Reasons,’ OneX Pitchman Claims About ASD’s Andy Bowdoin
Back in 2008 — when the U.S. Secret Service raided Florida-based AdSurfDaily in a Ponzi probe and people who called ASD’s office were told God was on the company’s side — federal prosecutors alleged that ASD President Andy Bowdoin had “followers.” The meaning of “followers” largely was left to the imagination. Much of the mystery [...]
BULLETIN: SEC Suspends Trading In 379 Penny Stocks; Initiative Dubbed ‘Operation Shell-Expel’ Leads To Unprecedented Number Of Shutdowns
BULLETIN: In an unprecedented move, the SEC today announced that it had suspended trading in 379 penny stocks, saying the companies were delinquent in filings and ripe for hijacking and scams involving reverse mergers and pump-and-dump schemes. “The trading suspension marks the most companies ever suspended in a single day by the agency as it [...]
A PONZI WORLD FIRST? JSS Tripler 2 Collapses — And Obvious Ponzi ‘Program’ Blames Ponzi-Pushers’ Forum For Demise
UPDATED 4:05 PM EDT (U.S.A.): It’s MoneyMakerGroup’s fault that JSS Tripler 2 (T2) — also known as T2MoneyKlub — has collapsed. And it’s also the fault of “Elmer,” a forum poster who apparently committed the unpardonable sin of questioning the legitimacy of a scheme that advertised a return of 2 percent a day — after [...]
BULLETIN: JSS Tripler/JustBeenPaid Hit By Hackers, Members Claim In Conference Call; Reports Surface About Unauthorized Purchases — And Companion Site May Be Target Of DDoS Attack
BULLETIN: There are multiple reports this morning from self-identified residents of the United States and Canada about account hackings and unresponsive support at JSS Tripler/JustBeenPaid, the “program” purportedly operated by former AdSurfDaily pitchman Frederick Mann. JSS/JBP purports to pay a monthly return of 60 percent, double that of the now-defunct ASD, an alleged Ponzi scheme. [...]
AdSurfDaily Figure Christian Oesch Named Defendant In Lawsuit Filed By Fannie Mae; Utah Man Calls Himself ‘Fiction & Transmitting Utility’ In Response To Complaint
EDITOR’S NOTE: In July 2010, Christian Oesch of Utah, and Kenneth Wayne Leaming of Spanaway, Wash., sought to sue the United States — apparently for the staggering sum of more than $29 trillion — for its actions in the AdSurfDaily Ponzi forfeiture case brought by the U.S. Secret Service in August 2008. The Secret Service [...]
INTERPOL PRESIDENT: Transnational Criminals Working For ‘Common . . . Boss’ In Asia Gathered Billions; Suspects Caught At Airport In ‘Nick Of Time’; Cybercrime Costs In Europe Now Approaching $1 TRILLION A Year; U.S. Banks Lost $12 Billion To Cyber Criminals In 2011
“[Eighty] per cent of crime committed online is now connected to organized gangs operating across borders. Criminal gangs now find that transnational and cybercrime are far more rewarding and profitable than other riskier forms of making money.” – INTERPOL President Khoo Boon Hui at 41st European Regional Conference held in Tel Aviv, citing study from [...]
FEDS: Istvan Merchenthaler Charged In Alleged ‘Prepaid Phone Cards’ Ponzi Scheme That Stole More Than $2 Million From Investors
EDITOR’S NOTE: If you’re keeping a “Bubba Blue” notebook on how to have your Ponzi scheme, this alleged caper in Greater Philadelphia involving prepaid phone cards and purported ties to major retailers perhaps merits an entry . . . A 42-year-old Pennsylvania man has been charged in an alleged “prepaid phone cards” Ponzi scheme that [...]
BULLETIN: SEC Says Boston Church Scammed By Fraudster While Dual Probes Were Under Way; Federal Judge Freezes Assets Of Arnett L. Waters; A.L. Waters Capital LLC And Moneta Management LLC Also Charged
BULLETIN: Arnett Lanse Waters, 62, of Milton, Mass., was “permanently barred” on March 9 “from association with any” Financial Industry Regulatory Authority member for failing to provide testimony” in a FINRA probe, the SEC said. This ban occurred after Waters — in 1993 — was “censured and barred for two years by the New York [...]
Illinois Ponzi Fugitive Couple On Lam For 12 Years Captured In Arizona By U.S. Marshals Service; Arrests Occurred Day After ‘America’s Most Wanted’ Aired Broadcast
The “America’s Most Wanted” TV show and AZCentral.com are reporting that fugitive Illinois Ponzi couple Nelson Grant Hallahan, 65, and Janet Hallahan, 54, were captured Saturday by the U.S. Marshals Service in Arizona after 12 years on the lam. “America’s Most Wanted” aired the couple’s story on Friday. The Hallahans were captured the next day. [...]