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Topic: Alleged Ponzi Schemes

New with Topic: Alleged Ponzi Schemes


Patrick
Patrick posted a blog entry
BREAKING NEWS: FBI Tells Senate Judiciary Committee It Is Probing 314 HYIP Schemes Only Months After ASD Members Asked Panel To Probe Prosecutors
And to think that only months ago — in February 2009 — various members of AdSurfDaily wrote to the Senate Judiciary...
 
Patrick
Patrick posted a blog entry
Ponzi Suspect to Judge, ‘Jail Me’; Judge To Ponzi Suspect, ‘OK’; Minnesota’s Gerard Frank Cellette Jr. Booked Into Hennepin County Jail On 36 Felony Counts
Gerard Frank Cellette Jr. was implicated by prosecutors in an alleged $53 million Ponzi scheme in Minnesota last...
 
Patrick
Patrick posted a blog entry
Madoff Confessed Ponzi Scheme Year Ago Today; AdViewGlobal Prepared Ponzi Roll-Out Even As Stunned Public Watched Madoff Spectacle Unfold
One year ago today Bernard Madoff uttered a memorable phrase, describing his securities business economically as “one big...
 
Patrick
Patrick posted a blog entry
INTRIGUE: Is Our ‘joe’ The Surf’s Up ‘joe?’ Egg-Themed HYIP Pitch Leads To Questions As ASD Members Continue To Promote Programs Associated With Ponzi Model
UPDATED 5:24 P.M. ET (U.S.A.) Is the “joe” who posted here before being blocked for showcasing an utter lack of...
 
Patrick
Patrick posted a blog entry
Michigan Woman Charged With Racketeering In Alleged Real-Estate Ponzi Scheme; Rita Gosselin Arrested, Jailed Early This Morning In Greater Detroit
Just hours after news broke of a racketeering indictment by Colorado prosecutors against a Denver-area man in an alleged Ponzi...
 
Patrick
Patrick posted a blog entry
RECOMMENDED READING: ‘Speed Of Wealth’ Defendant In Ponzi Scheme Case Pounds Denver Reporter With Offers To Join Trump Network, Other Opportunities
EDITOR’S NOTE: The story below references a column by Renee McGaw in the Denver Business Journal. Make sure you read the...
 
Patrick
Patrick posted a blog entry
Racketeering Alleged In 14-Year-Old Denver Ponzi Scheme; Mark J. Jackson Indicted Under State Law By Local Prosecutor
Think the Feds are the only thing to worry about if you’re in the Ponzi scheme business? Think again.In yet another...
 
Patrick
Patrick posted a blog entry
REPORT: Former SEC Supervisor Aided Arizona ‘Numerologist’ Running A Ponzi Scheme; SEC Employee In Separate Case Probed For Threatening Boss, Bringing Weapons To Work
A former supervisor with the Securities and Exchange Commission unwittingly aided a man accused of operating a Ponzi scheme in...
 
Patrick
Patrick posted a blog entry
BULLETIN: Tom Petters Guilty On All 20 Counts In $3.65 Billion Ponzi Scheme Case In Minnesota
BULLETIN: Minnesota businessman Tom Petters has been found guilty by a Minnesota jury.UPDATED 6:03 P.M. ET (U.S.A.) Jury...
 
Patrick
Patrick posted a blog entry
Shawn Merriman Pleads Guilty In Colorado Ponzi Case; Faces 20 Years In Prison For Swindling Investors And Using Money To Buy Rembrandt Paintings And Go On Safari
Shawn R. Merriman has pleaded guilty to mail fraud in a Ponzi scheme case that swindled dozens of investors in Colorado, ...
 
Patrick
Patrick posted a blog entry
THE PONZI CHILL: In Weeks Prior To Exposure Of $1.2 Billion Scheme, Scott Rothstein Threatened Journalist With Lawsuit, Newspaper Says
In what is becoming a familiar refrain in the Ponzi universe, former Fort Lauderdale attorney Scott Rothstein threatened a...
 
Patrick
Patrick posted a blog entry
U.S. Attorney: Rothstein Ponzi Money Went To Politicians, Charities; ‘High-Ranking’ Police Officers Received ‘Gratuities’
In a criminal information and news release dripping with the word “co-conspirators,” federal prosecutors, the FBI...
 
Patrick
Patrick posted a blog entry
Senators Ask For Sanctions Against Antigua For Stonewalling Receiver In Alleged Allen Stanford Ponzi Case
Eight U.S. Senators have introduced a resolution calling for banking sanctions against the Caribbean island nation of Antigua...
 
Patrick
Patrick posted a blog entry
Scott Rothstein Arrested; Charged With Racketeering
UPDATED 1:19 P.M. ET (U.S.A.) Former Fort Lauderdale attorney Scott Rothstein was arrested by the FBI this morning after being...
 
Patrick
Patrick posted a blog entry
STATEMENT: ‘UncleFesta26′ Pillories Us On YouTube; References Family Pet In Videos And Suggests PP Blog Has No Right To Publish Advertisements
Notorious cyberstalker “unclefesta26,” who has used other derivatives of the Uncle Festa name and also uses the...
 
Patrick
Patrick posted a blog entry
Surf’s Up Celebrates One Year As Bowdoin-Endorsed Blather Box; Forum Deletes Another Discussion About AdViewGlobal Autosurf Amid Member Complaints
A year ago yesterday these words appeared on AdSurfDaily’s Breaking News site:“All ASD Members are encouraged to...
 
Patrick
Patrick posted a blog entry
Michigan Man Who Claimed Investment Returns Of 131 Percent Guilty In Ponzi Scheme Case; Mark Richard Hamlin’s Day-Trading Scheme Comparable To ASD’s Dangerous ‘80/20′ Reinvestment Program
As Ponzi schemes go, it was far from the largest. But the case of Mark Richard Hamlin demonstrated that even smaller operators...
 
Patrick
Patrick posted a blog entry
A PONZI WORLD FIRST? Regulators Have Evidence Accused Minnesota Schemer Trevor Cook Bought A ‘Submarine’ To Shuttle To Private Island
You’ve heard about the Ponzi mansions. You’ve heard about the luxury automobiles — Scott Rothstein’s...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Two-Time Convicted Felon With $3 Million Judgment Against Him Emerged From Prison And Targeted Ponzi Scheme At Chinese-Americans In Oklahoma City, CFTC Says
A man imprisoned between 1996 and 2001 after being convicted in Texas of two financial felonies emerged from the penitentiary...
 
Patrick
Patrick posted a blog entry
BULLETIN: Florida Supreme Court Disbars Scott Rothstein
UPDATED 2:33 P.M. ET (U.S.A.) The Florida Supreme Court has disbarred Fort Lauderdale attorney Scott Rothstein, who was...
 
Patrick
Patrick posted a blog entry
WRAP-UP: Marine Corps Officer Tells Judge Ponzi Schemer Who Fleeced Seniors, Charities ‘Violated Every Character Trait I Hold Dear’
EDITOR’S NOTE: This column summarizes three Ponzi cases: Joseph Forte, Sean Healy and Tom Petters. Forte has been...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Host Of ‘Follow The Money’ Christian Radio Show Patrick Kiley Accused In Minnesota Of Operating Ponzi Scheme That Gathered $190 Million
Radio talk-show host Patrick “Pat” Kiley is among the defendants accused in an emergency action by the SEC of...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: ‘Billionaire Boys Club’ Attorney In Michigan Ponzi Scheme Case Indicted In North Carolina For Running His Own Securities Scheme
UPDATED 7:02 P.M. ET (U.S.A.) A Georgia attorney representing defendants in the alleged “Billionaire Boys Club”...
 
Patrick
Patrick posted a blog entry
SPECIAL REPORT: Convicted ‘3 Hebrew Boys’ Ponzi Figure Declares He Is ‘Sovereign’; Joseph Brunson Says Prosecutors Have No Authority Over Him
Defining himself as “One,” a South Carolina man convicted Friday of operating an $82 million Ponzi scheme with two...
 
Patrick
Patrick posted a blog entry
ASD ALL OVER AGAIN? ‘3 Hebrew Boys’ Accuse U.S. Attorney Of ‘Treason’; Claim Draws Another Parallel To AdSurfDaily
Three men found guilty in South Carolina last week of operating an $82 million Ponzi scheme accused a federal prosecutor of...
 
Patrick
Patrick posted a blog entry
FBI Asks For Help In Unraveling Connecticut Ponzi; Seeks Information On Michael Goldberg
The FBI has asked people who have information on Michael Goldberg, who ran a business in Wethersfield, Conn., known as...
 
Patrick
Patrick posted a blog entry
BULLETIN: Tom Petters’ Ponzi Case Goes To Jury
The fate of Minnesota businessman Tom Petters is in the hands of a jury.Petters was accused last year of operating a $3.65...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Feds Say Rothstein Law Firm Had $8 Million In Revenue, But Paid $18 Million In Salaries
The Rothstein Rosenfeldt Adler (RRA) law firm recorded $8 million in receivables during an unspecified year, but paid out $18...
 
Patrick
Patrick posted a blog entry
Yet Another Senior Citizen Guilty In Ponzi Scheme That Targeted Fellow Seniors; Crime Was ‘Ruthlessly’ Executed, NJ Attorney General Anne Milgram Says
A New Jersey financial adviser who created a sham company and operated it for 17 years has pleaded guilty to five felony counts...
 
Patrick
Patrick posted a blog entry
‘3 Hebrew Boys’ Guilty In $82 Million Ponzi/Affinity Fraud Scheme; Company Operated In Fashion Similar To AdViewGlobal Autosurf, Imploring Members To Maintain Secrecy
In yet another case that may cause widespread unease in the autosurf world, three men accused of defrauding participants in a...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Louisiana Man Indicted In Alleged $20 Million Ponzi Scheme Targeting Senior Citizens; Prosecutors Allege Witness Tampering, Obstruction
UPDATED 9:44 P.M. ET (U.S.A.) A Louisiana man has been charged in a 64-count indictment with operating a $20 million Ponzi...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Judge Suggests ASD Forfeiture Could Occur Before Christmas; Finds Bowdoin ‘Knowingly And Voluntarily’ Released Claims To $65.8 Million
Will the August 2008 forfeiture case against $65.8 million in the personal bank accounts of AdSurfDaily President Andy Bowdoin...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Bowdoin Family Knew About December Forfeiture Complaint A Month Prior To Launch Of AdViewGlobal; AdSurfDaily-Connected Assets Seized In December ‘08 Case Prepped For Sale
Even though Andy Bowdoin and his family knew in January 2009 that the government intended to seize the Tallahassee home of his...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Prosecutors Allege Ponzi Murder Plot; Jeffrey Lane Mowen Accused Of Soliciting Prisoner To Kill Witnesses In Multimillion-Dollar Case Against Him
EDITOR’S NOTE: In August, a poster here who defended autosurf Ponzi schemes demanded readers to “show me one time...
 
Patrick
Patrick posted a blog entry
Amid Ponzi Swirl, Scott Rothstein Disbarred For Life
Florida attorney Scott Rothstein became famous in the environs of Miami and Fort Lauderdale for both puffing on and stockpiling...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Prosecutors Ask Judge To Order Forfeiture Of Bowdoin’s Quincy Residence, Tens Of Millions Of Dollars Seized From Bank Accounts
Federal prosecutors have asked a federal judge to order the formal forfeiture of more than $65.8 million seized from 10 bank...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Secret Service Feared Bowdoin Would Flee Country After Moving Money Offshore And Relinquishing His Interest In Golden Panda Ad Builder
The U.S. Secret Service feared AdSurfDaily President Andy Bowdoin had become aware of scrutiny into his business affairs and...
 
Patrick
Patrick posted a blog entry
OBTAINED: Copies Of ASD Seizure Warrant, ‘Freeze’ Order
ANNOUNCEMENT 7:21 P.M. EDT (U.S.A.): The PatrickPretty.com Blog has obtained copies of seizure warrants, warrant returns and...
 
Patrick
Patrick posted a blog entry
Guenther Acknowledges ‘Intimidating’ Autosurf Members For Refunds; Calls ASD-Biz Forum Readers ‘Left Wing Liberal No B***** People’; Says Woman A ‘Mouthy Broad’
The ASD Business Information Zone (ASD-Biz) forum covers news and opinion on AdSurfDaily, Golden Panda Ad Builder and what the...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Default Notice Against ASD Entered
UPDATED 12:29 P.M. EDT (U.S.A.) A default notice to real estate and more than $65.8 million seized from the bank accounts of...
 
Patrick
Patrick posted a blog entry
EDITORIAL: In The Past 24 Hours On The PP Blog . . .
Some things have happened here in the past 24 hours that deserve their own post and discussion thread.EXTREMELY...
 
Patrick
Patrick posted a blog entry
Widow Shares Story Of $20,000 Loss In AdSurfDaily
EDITOR’S NOTE: This is the story of Shannon Allison, an Idaho widow with five children. It is in her own words. Only...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Prosecution Seeks More Than $65.8 Million From Andy Bowdoin’s Bank Accounts; Asks For Default Entry
Federal prosecutors have filed an affidavit that seeks to give the government permanent control over more than $65.8 million...
 
Patrick
Patrick posted a blog entry
BREAKING NEWS: Justice Department Establishes Information Hotline For AdSurfDaily, GP, LFD Victims
Victim of the alleged AdSurfDaily autosurf Ponzi scheme? Want the latest information about claims and how the proposed...