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In May 2012, Joseph Blimline was sentenced to 20 years in federal prison for operating two oil and gas Ponzi schemes. He operated a Ponzi scheme from 2003 to 2005 in Michigan, netting over $28 million. He then operated a Ponzi scheme in Texas, using a company called Provident Royalties, that lasted from 2006 to 2009 and netted over $400 million ...
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: ... A South Florida woman is being sentenced to 20 years for leading a $190.7M Ponzi scheme ...
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ... As part of the brothers’ Ponzi scheme between June 2012 until March ...
The SEC said in a complaint that Motil made $3.7 million in Ponzi payments, spent $1.6 million in investors’ money on personal items and diverted more than $900,000 to other businesses.
Any loss exceeding current income may result in a net operating loss, which can be carried back, at the taxpayer's election, 3, 4, or 5 years, with any loss still remaining carrying forward 20 years. These rules apply to all Ponzi schemes where there has been a federal or state indictment of the lead promoter.
James "Jim" Paul Lewis Jr. operated one of the largest and longest running Ponzi schemes in United States history. [1] [2] Over approx. 20 years, Lewis collected around $311 million U.S. dollars from investors. He operated under the name of Financial Advisory Consultants in Lake Forest, Calif., and promised high returns.
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. ... Filipina actress Rita Magdalena was ensnared in the Ponzi ...
The Mantria Corporation Ponzi scheme has been described as the "biggest green energy scam" in United States history. [1] A Federal judge in the Securities and Exchange Commission's civil case found Mantria had scammed more than $54.5 million “by egregiously, recklessly, knowingly, and shamelessly perpetrating a fraudulent scheme” that used “misrepresentations, omissions, and blatant lies ...