Day: March 29, 2010
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Financial Fraud Enforcement Task Force Credited With Bust In Bizarre Ohio Ponzi Involving ‘Unique Momentum Filter’; Enrique F. Villalba Charged With Wire Fraud
An Ohio man who graduated from West Point and earned a law degree in Washington state has been charged in a bizarre Ponzi and investment-fraud scheme that allegedly combined the science of physics with a unique “momentum filter” that purportedly enabled him to predict how the futures market would behave with “an uncanny degree of…
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FTC Gives Nod To BBB For Helping It Solve Advanced-Fee Scam Operated By Recidivist Offender; James Nicholson Banned For Life From Telemarketing, Hit With $17.2 Million Judgment, Loses Power Boat
A Florida man who operated a previous scam has been banned for life from the telemarketing business after state and federal authorities and the Better Business Bureau worked together to expose the operation, the Federal Trade Commission said. “The FTC received invaluable assistance in this matter from the U.S. Postal Inspection Service, the University of…