SF Real Estate Broker Was Looking Out for #1
San Francisco real estate broker W.B. Coyle has become the subject of intense media scrutiny after what alleged victims assert has been a “decade of deception.” Full Story
Ponzi Scheme
Scammer Nominated Himself for Nobel Peace Prize
A Kansas City, MO, preacher and four co-conspirators were convicted last week for running a large-scale investment scam that exploited black churchgoers. Full Story
“Unlimited Cash, Inc.” Turned Out to Be Ponzi Scheme
Three Ventura County, CA, residents were sentenced yesterday in US District Court to federal prison time for operating a Ponzi scheme.
Accused Scammer Offered Investors Returns at Ludicrous Speed
St. Peters, MO, resident Michael Kitchen has some explaining to do over what authorities say was an investment scam that raised over a half million dollars from at least five investors.
Man’s Commodity Trading Robot Wasn’t Real
The operators of an unregistered commodity pool have been ordered to cough up millions in penalties for running what regulators say was a $28.4 million Ponzi scheme that swindled 2,000 victims. Full Story
Ponzi Scheme Lawyers Losing Privilege ?
How far does privilege go when lawyers apparently have knowledge of a Ponzi scheme? Perhaps not far enough to block a duty to speak, according to an appellate court in Canada, and a McCarthy Tretualt article. Full Story
Real Estate Fraudster Found Himself ‘in a Pickle’
Folsom, CA, resident David Romo was sentenced on May 3rd to 10 years in prison for running a complex real estate scam. Full Story
Man Operated Ponzi Scheme Out of Trump Tower
Chicago resident Christopher Varlesi, 53, was sentenced last week in US District Court to 5 years in federal prison for running a Ponzi scheme. Full Story
Alleged Ponzi Team Now Accused of Stalking
An Anchorage duo under federal indictment for running a Ponzi scheme has also been accused of stalking a state employee. Full Story
Man Indicted in Forex Ponzi Promised “Outrageous” Fortune
Graham, NC, resident James H. Mason has come under federal indictment for masterminding what the US Attorney says was a $4.7 million Ponzi scheme. Full Story
