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Legacy of Forex “Legend” Rocked by Ponzi Allegations
Dan Gaub, left, on lead guitar for Eternity Express sometime during the 1980s. A self-proclaimed “living legend” of foreign currency trading possibly committed suicide to avoid the consequences of an...
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Pretend Hedge-Fund Star Left $4,000 Tip at Hollywood Nightclub “Specifically...
New Line Cinema George Sepero of Glen Rock, NJ, has pleaded guilty to multiple charges of fraud in connection with a $3.5 million Ponzi scheme. The 40-year-old Sepero ran a web of phony hedge funds and...
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Fake Navy SEAL was on Ponzi Mission
20th Century Fox Tiburon, CA, resident and phony US Navy SEAL Glenn Kane Jackson decided to make a plea deal with local prosecutors after facing charges that he stole $3 million from investors in the...
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Man Indicted in Forex Ponzi Promised “Outrageous” Fortune
Walt Disney Television Animation 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. Mason, 66, allegedly...
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Man Operated Ponzi Scheme out of Trump Tower
Universal Pictures Chicago resident Christopher Varlesi, 53, was sentenced last week in US District Court to 5 years in federal prison for running a Ponzi scheme. Varlesi, who admitted guilt in a plea...
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“Habitual Fraudster” Treated Himself to Hog
motoblogn.blogspot.com Larry Michael Parrish of Walkersville, MD, decided to admit his guilt in running a Ponzi scheme that defrauded some 70 investors out of $9.2 million. The 49-year-old Parrish made...
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Ponzi Roundup: Stiff Sentences and Civil Judgment
Adbowl.com With a high volume of relevant stories from cases we’ve previously covered, Ponzi Clawbacks is delivering a news roundup today. This feature will likely be periodic during the resolution of...
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Preachers on Party Bus Peddled Smoking Hot Returns
coolbus.net This week victims of the ‘3 Hebrew Boys’ scam learned they are set to receive $2.5 million more in recovered funds. Court-appointed receiver Beattie Ashmore, working out of Greenville, SC,...
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Pastor Promising Money Miracles Arrested on Ponzi Charges
Paramount Pictures A Los Angeles-area preacher has been arrested for running a Ponzi scheme that allegedly defrauded investors out of $4 million. 61-year-old Louis Alonso Serna, a Chatsworth resident...
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Former Deputy Sentenced for Ponzi Scheme
Comedy Central A former El Paso County, CO, sheriff’s deputy was sentenced in US District Court to 2.5 years in prison Tuesday for running a Ponzi scheme. David N. Hawkins, 44, had operated a bogus...
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“Little Guy” Scheme Brings $10 Million Penalty
Liliw International Films A CFTC suit against an alleged Ponzi scheme that operated out of Omaha, NE, has resulted in a $10 million judgment leveled against two of its operators. US District Court...
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