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Accused Scammers Propped Up Dead Resort Project
Tristar Pictures Two Long Island men have been indicted on charges of conspiracy, wire fraud and securities fraud in what federal prosecutors say was a $96 million Ponzi scheme. Brian Raymond Callahan,...
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“Ambassador” Indicted for Ponzi Scheme
Zentropa Real A Hawaii man has been indicted for running a Ponzi scheme that allegedly defrauded investors in his home state as well as Nevada, California and Florida. Curtis Wayne Ross, a resident of...
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Marine Vet Pulled Hedge Fund Scam, Says SEC
Viacom A former Marine is the subject of an SEC complaint for allegedly scamming fellow veterans through his hedge fund business. 26-year-old Clayton Cohn, a Chicago resident and one-time infantry...
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3 Years for Space-Based Ponzi Scheme
henson.com An Orlando man was sentenced in US District Court yesterday for operating a $1 million Ponzi scheme. Investment broker Gurudeo “Buddy” Persaud, 47, received 3 years in prison on a count of...
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Ponzi Schemer Boasted of Special Vision
Castle Rock Entertainment After his conviction in 2012, Gregory McKnight of Swartz Creek, MI, was sentenced to 15 years and 8 months in federal prison for running a massive Ponzi scheme. McKnight...
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New Age Movie Was Nonsensical Scam
Touchstone Pictures Middlebury, VT, resident Louis Soteriou was sentenced to 7 years in prison for pulling off a massive fraud that centered on a film project. The 54-year-old Soteriou, a chiropractor...
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Ponzi Lady Mooched off Pop-Warner Parents
Walt Disney Co. A Hawaii woman admitted responsibility in US District Court yesterday to concocting a Ponzi scheme. Suzette Anguay, aged 50, struck a bargain with federal prosecutors, agreeing to plead...
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Ponzi Roundup: Wednesday, August 21st, 2013
muppet.wikia.com Brian William McKye: Convicted Ponzi schemer Brian William McKye of Bethany, CO, has had his prison sentence overturned by the 10th US Circuit Court of Appeals. The 49-year-old McKye,...
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Musician Guilty in Bogus Jam Scam
Sony Pictures A Vancouver, WA, man has pleaded guilty in US District Court to a count of wire fraud after spinning a tangled web of nonsense around several phony music projects. Kasey Anderson,...
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Ponzi Roundup: Two Sentences and New Allegations in OH
Dino de Laurentiis Co. John and Antonio Bravata: The Bravata father-son Ponzi team was allotted federal prison time last week in US District Court in Detroit. John Bravata, 44, and his son Antonio, 25,...
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Lawyer in Ponzi Diamond Caper Gets 3 Years
disney.wikia.com Another page was turned in Scott Rothstein’s never-ending Ponzi story when lawyer Scott Saidel was sentenced to 3 years in federal prison. The verdict was issued in Fort Lauderdale...
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Petters Ponzi Feeder Sentenced
Hanna-Barbera James Fry, the investment manager who funneled mountains of cash into Thomas Petters’ $3.65 billion Ponzi scheme, received a sentence of 17.5 years in federal prison today in US District...
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Ponzi Roundup: Nobel Nominee Sentenced, More Petters Fallout, No Bail for...
CBS Isreal Owen Hawkins: The man who nominated himself to the Nobel Peace Prize for running a large-scale oil and gold scam ended up being rewarded with federal prison time instead. Enterprising...
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Shock as “Getmoni.com” Revealed to be Scam
Warner Bros. After the stunning revelation that a high-yield program promisingly named “Getmoni.com” was a Ponzi scheme, one of its promoters was sentenced to 6 years in prison. Flint, MI, tax planner...
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Prime Bank Schemer Guaranteed “Pots of Money”
Walt Disney Co. Two Lansing, MI, men have been charged by state authorities with money laundering in the aftermath of a $9 million Ponzi scheme. 58-year-old Doug Kacos, owner of the New Beginnings...
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Clown Banking Proved a Bust for Scammers
Paramount Pictures Two prime bank scammers have been sentenced to federal prison time in US District Court after their being found guilty on charges of conspiracy, fraud and money laundering. Canadian...
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Spy Preacher Has Sensational Investment for You
Twentieth Century Fox An Arizona man has been found guilty of conspiracy and wire fraud in US District Court- this according to the Orange County paper OC News. 57-year-old Dr. Moses Onciu, a resident...
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Ponzi Pastor Promised Sky-High Returns
Paramount Pictures Joining a seemingly endless parade of con-peddling preachers, Florida pastor Charles Lawrence Kennedy, 71, agreed to plead guilty to wire fraud in relation to a $5 million Ponzi...
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“First Lady” of Florida Sentenced to 1.5 Years
nbcmiami.com Kim Rothstein, wife of mega-Ponzi mastermind Scott Rothstein, was sentenced Tuesday to 1.5 years in federal prison for hiding $1 million worth of gold and jewelry after her husband’s...
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“Fed” Money Slingers off to Prison
bluewirestudio.com With the Federal Reserve in the habit of issuing a monthly $85 billion to our nation’s beloved banks through bond purchases, it’s understandable if Joe Citizen might have a difficult...
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