On the Lam for Five Years, Scott Frye Returns to Face Securities Fraud Charges
SEC Charges Two Sacramento Men with Stealing $10 Million
This time last year four people (three men and a woman), clad in bullet proof vests, wearing ear-pieces, and sporting at least one stun gun walked into the Folsom, California offices of Equity Investment, Management and Trading Inc., operated by accused Ponzi artist Anthony Vassallo, and said that they worked for the FBI and the Securities and [...]
According to its website, the Pacific Asian Atlantic Foundation (PAAF) is an independent non-profit humanitarian foundation with the soul [sic] purpose of eradicating extreme poverty, illiteracy, hunger, and disease.” The U.S. Securities and Exchange Commission disagrees. The SEC has charged PAAF and its founder, Samuel M. Natt, with “offering billions in fraudulent PAAF bonds from 2006 through [...]
The U.S. Securities and Exchange Commission has charged ”Greenstone Holdings, Inc., the company’s Chief Executive Officer, Hisao Sal Miwa, the company’s outside counsel, John B. Frohling, attorney Thomas F. Pierson, and four stock promoters, Daniel D. Starczewski, Joe V. Overcash, Jr., Frank J. Morelli, III, and James S. Painter, III with engaging in an illegal, and [...]
WIVB in Buffalo is reporting on the admission by “career criminal” Noah Schapiro running a $400,000 check-kiting and Ponzi scheme. The WIVB story states that Schapiro “has been convicted of financial crimes in the past,” but gives no details. No doubt the details are fresh in minds of his previous victims.
Have you ever seen a TV show in which the cops chase down accused criminals? In many episodes the suspect winds up fleeing through backyards and vacant lots, no doubt certain that he can out run and out climb any patrolman who cares to follow. I wonder whether the suspect ever wonders why the [...]
You have something in common with the residents of the Austrian state of Styria. Scam artists have been trying to separate them from their nest eggs. According to the Austrian Independent, investors in Styria have fallen victim to a pyramid scheme that promised them a return of 100 percent return after one year in exchange [...]
What makes Anitques Roadshow such a popular show on both sides of the pond? It is the idea that people may be holding onto seemingly worthless items of personal property that are really worth a fortune. If you have ever seen the show, you know that people come on the show to have their items appraised by [...]
UK’s Financial Services Authority Warns of Scamsters Impersonating Authorized FSA Firms
UK’s Financial Services Authority Warns of Scamsters Impersonating Authorized FSA Firms