Latest Confidence tricksters Stories

2014-01-07 23:04:39

TheGreedChase.com Consumer Fraud Network Gives Ordinary Citizens, Novice Investors and Small Businesses the Tools to Halt the Growing Class of Fraudulent Actors on Main Street. Check out Exclusive News on Alleged Ponzi Schemer Ephren Taylor Little Rock, AR (PRWEB) January 07, 2014 TheGreedChase.com consumer fraud network debuts today to help individuals, small businesses and novice investors learn the necessary skills to halt fraudulent scams in their local communities. "The goal of...

2012-02-14 08:00:00

There is no current tracking of the number annual federal or state Ponzi scheme victims. However, the Wall Street Fraud Watchdog estimates the number of defrauded investors is probably in the tens of thousands of US citizens each year, and the costs are probably in the billions of dollars. The Wall Street Fraud Watchdog has developed a revolutionary due diligence service, that has been designed to make certain a high net worth investor, a married couple, or a senior citizen does not lose it...

2009-11-23 14:12:00

NEW YORK, Nov. 23 /PRNewswire/ -- In recognition of the damage inflicted on investors by financier Bernard Madoff's decade-long Ponzi scheme, CIRCA, the largest global buyer of jewelry from the public, recently spent $50,000 in a U.S. Marshals-held jewelry auction designed to benefit Madoff's investor victims. (Photo: http://www.newscom.com/cgi-bin/prnh/20091123/NY16084) CIRCA purchased an Art Deco diamond and emerald bracelet for twice the piece's appraised value of $25,000. The piece,...

2009-11-13 11:43:00

NEW YORK, Nov. 13 /PRNewswire-USNewswire/ -- Preet Bharara, the U.S. Attorney for the Southern District of New York, Joseph M. Demarest, Jr., the Assistant Director-in-Charge of the New York Field Office of the FBI, Alan D. Lebowitz, the Deputy Assistant Secretary of the United States Department of Labor, Employee Benefits Security Administration (DOL-EBSA), and Patricia J. Haynes, the Special Agent-in-Charge of the New York Field Office of the Internal Revenue Service (IRS), announced that...

2009-09-30 12:34:25

U.S. Securities and Exchange Commission investigator H. David Kotz has recommended 58 steps to tighten enforcement in the wake of the Bernard Madoff scandal. For thousands of investors, Ponzi scheme operator Bernard Madoff represents a $65 billion crime, not a scandal. At the SEC, however, Madoff, now serving a 150-year prison sentence, represents both after Kotz's internal investigation revealed six substantial warnings given SEC officials that resulted in missed opportunities to stop the...

2009-09-29 15:35:34

The Securities and Exchange Commission filed charges in Detroit alleging a $250 million Ponzi scheme had defrauded a mostly elderly investor pool. The SEC charged salesman Frank Bluestein of scalping 800 investors of more than $74 million between 2002 and 2007. As part of his sales strategy, Bluestein specifically targeted retirees and seniors, the SEC complaint says, The Detroit News reported Tuesday. Bluestein worked at E-M Management LLC, selling investments related to telecommunications...

2009-09-23 10:28:23

Personal information concerning victims of Bernard Madoff's Ponzi scheme was on a laptop computer stolen in Dallas, a firm processing victims' claims said. Tim Yost, a spokesman for AlixPartners said, we have no reason to believe it (personal information) has been compromised, in a theft that occurred in a parking lot in July, Newsday reported Wednesday. Police described the theft as one of several smash and grab incidents that occurred on the same night. Social security numbers, names,...

Word of the Day
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.