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SEC Charges Perpetrators of $300 Million Ponzi Scheme

Jun 10, 2010 SEC Charges Perpetrators of $300 Million Ponzi Scheme Involving Purported Gold Mining Investments FOR IMMEDIATE RELEASE 2010-99. Washington, D.C., June 10, 2010 — The Securities and Exchange Commission today charged four Canadian men and two others living in Florida with perpetrating a $300 million international Ponzi scheme on investors in a purportedly successful gold mining operation.

Five B.C. residents allegedly involved in US$15 million

The entities were supposed to entail lucrative gold mining operations. In reality, there were no gold reserves and in the manner of a classical Ponzi scheme, the investors’ funds were their only source of money. Consequently, more than 1,400 investors from around the world lost about US$15 million in the scheme.

SEC Charges Six People In $300 Million Gold-Based Ponzi Scheme

The SEC just posted a bulletin to its website detailing how it's charged four Canadian men and two Florida residents with perpetrating a $300 million Ponzi scheme involving a gold mining operation

Gold Miners Review: Gold investment Ponzi scheme

Apr 25, 2016 The old “you’re buying gold” routine is reminiscent of the EmGoldex Ponzi scheme. Like EmGoldex though, the majority of transactions within Gold Miners is cash. 24K gold for amount of your investment goes at your home within a maximum period of 99 days, only if

Merendon Mining (Nevada) Inc., Larry Lee Adair, Milowe

The complaint alleges that Milowe Allen Brost, Gary Allen Sorenson, Larry Lee Adair, Ward K. Capstick, Bradley Dean Regier, Martin M. Werner, Syndicated Gold Depository, Merendon Mining Corp. Ltd., Merendon Mining (Nevada) Inc., and the Institute for Financial Learning Group of Companies, Inc. perpetrated a $300 million Ponzi scheme on

SEC Files Charges Over $300 Million Gold-Mining Ponzi Scheme

Jun 10, 2010 The SEC just announced charges against the ringleaders of a $300 million Ponzi scheme that saw 3,000 Canadian and American investors buy worthless shares in an allegedly bogus gold-mining enterprise.

SEC accuses 6 in gold mining investment Ponzi scheme

SEC accuses 6 in gold mining investment Ponzi scheme. Submitted by cpowell on Fri, 2010-06-11 03:05. Section: Daily Dispatches. living in Florida with perpetrating a $300 million international Ponzi scheme on investors in a purportedly successful gold mining operation.

Five B.C. residents allegedly involved in US$15 million

The entities were supposed to entail lucrative gold mining operations. In reality, there were no gold reserves and in the manner of a classical Ponzi scheme, the investors’ funds were their only source of money. Consequently, more than 1,400 investors from around the world lost about US$15 million in the scheme.

Beware of Ponzi-like gold scams BullionStar Singapore

The classic Ponzi scheme is one where payments to investors/members are derived from additional recruits who pay into the scheme. In the case of gold scam artists, they’re not making their money by simply selling to gold investors. They’re selling at such above-market prices that they are able to fund their operations. How gold scammers operate

SEC Obtains Final Judgments Against Gold Mining Pyramid

The SEC has obtained final judgments against the orchestrator and four promoters of a pyramid and Ponzi scheme involving two purported gold mining companies. In June 2015, the SEC charged Daniel Fernandes Rojo Filho, Heriberto Perez Valdes, Eduardo Da Silva and Jeffrey Feldman of Florida, Romildo Da Cunha of Brazil, Wanderley Dalman and Gaspar Jesus

SEC Files Charges Over $300 Million Gold-Mining Ponzi Scheme

Jun 10, 2010 The SEC just announced charges against the ringleaders of a $300 million Ponzi scheme that saw 3,000 Canadian and American investors buy worthless shares in an allegedly bogus gold-mining enterprise.

SEC accuses 6 in gold mining investment Ponzi scheme

SEC accuses 6 in gold mining investment Ponzi scheme. Submitted by cpowell on Fri, 2010-06-11 03:05. Section: Daily Dispatches. living in Florida with perpetrating a $300 million international Ponzi scheme on investors in a purportedly successful gold mining operation.

The Merendon Mining Ponzi Scheme Bites Frauds and Scams

The complaint alleges that Milowe Allen Brost, Gary Allen Sorenson, Larry Lee Adair, Ward K. Capstick, Bradley Dean Regier, Martin M. Werner, Syndicated Gold Depository, Merendon Mining Corp. Ltd., Merendon Mining (Nevada) Inc., and the Institute for Financial Learning Group of Companies, Inc. perpetrated a $300 million Ponzi scheme on

Malden Man Charged in Pyramid and Ponzi Scheme Falsely

Jul 17, 2015 Malden Man Charged in Pyramid and Ponzi Scheme Falsely Promising a 'Gold Mine' Malden, MA SEC Halts Pyramid/Ponzi Scheme Targeting Spanish and Portuguese Communities

Seeking to clear its name, Canadian family takes over gold

Dec 29, 2011 According to the Herald, the move to acquire Merendon de Ecuador is an attempt by the Jarmans family to prove that its Costa-Rica based Voyageur Foundation is not a Ponzi scheme

gold mining corporation a ponzi scheme html

Gold Mining Corporation (VGMC) 1094454. Gold Mining Corporation (VGMC) started the marketing of a Convertible Preferred Stock (CPS) since 2010 with a view to go for public listing in 2014. The marketing method used for this scheme was a Ponzi / Pyramid marketing with 10% direct commission for referral. SERVICIO EN LÍNEA

Gold and SEC (Securities and Exchange Commission

In the same year, the SEC charged six individuals with running a $300 million Ponzi scheme on investors in a purportedly successful gold mining operation (they claimed to represent an independent financial education firm that had discovered a way to earn up to 36 percent annually by investing in mining investments that were “fully

Canadians charged in gold-mining Ponzi scheme The

Canadians charged in gold-mining Ponzi scheme Posted By: Northern Miner Staff June 21, 2010 Volume 96 Number 18 Jun 21 27, 2010 Four Canadians and two Americans have been charged by the U.S. Securities and Exchange Commission (SEC) for their roles in leading a US$300-million international Ponzi scheme that involved what looks like a fake

SEC Strikes At Alleged $300M Gold Mine Ponzi Scheme Law360

By Howard. Law360 (June 10, 2010, 7:36 PM EDT) -- Federal regulators on Thursday pounced on an alleged $300 million Ponzi scheme run by the owners of Syndicated Gold Depository SA and

Former Kent County deputy Ryan Steensma sentenced to 5

Apr 03, 2019 Former Kent County deputy Ryan Steensma sentenced to 5 years for $1.4 million gold scheme. Updated $1.4 million gold-mining operation. a “classic Ponzi” scheme

Are All Cryptocurrencies Pyramid Schemes? AIER

A Ponzi scheme sounds like something bad. Associated with frauds, swindling, and financially sophisticated theft, a Ponzi scheme is not something you want to be caught running. From the namesake himself, Charles Ponzi in the early 1900s, to the Bernie Madoff scam in the 1990s and 2000s, Ponzi schemes tend to be iconic, impressive, and go out

Five B.C. residents accused of helping in a gold mining

May 26, 2020 Five B.C. residents accused of helping in a gold mining Ponzi scheme in U.S. By The LLC where about 1,400 investors were promised high no-risk returns from gold mining operations

SEC Obtains Final Judgments Against Gold Mining Pyramid

The SEC has obtained final judgments against the orchestrator and four promoters of a pyramid and Ponzi scheme involving two purported gold mining companies. In June 2015, the SEC charged Daniel Fernandes Rojo Filho, Heriberto Perez Valdes, Eduardo Da Silva and Jeffrey Feldman of Florida, Romildo Da Cunha of Brazil, Wanderley Dalman and Gaspar Jesus

SEC accuses 6 in gold mining investment Ponzi scheme

SEC accuses 6 in gold mining investment Ponzi scheme. Submitted by cpowell on Fri, 2010-06-11 03:05. Section: Daily Dispatches. living in Florida with perpetrating a $300 million international Ponzi scheme on investors in a purportedly successful gold mining operation.

SEC Files Charges Over $300 Million Gold-Mining Ponzi Scheme

Jun 10, 2010 The SEC just announced charges against the ringleaders of a $300 million Ponzi scheme that saw 3,000 Canadian and American investors buy worthless shares in an allegedly bogus gold-mining enterprise.

The Bre-X Gold Scandal, History and Resources

Jul 03, 2019 Start with the biggest deposit of gold ever reported, in the headwaters of the Busang River in the steaming jungle of Borneo. The Canadian company Bre-X Minerals Ltd. didn't know about that when it bought rights to the site in 1993. But after Bre-X hired a high-living geologist to map the ore body, the deposit, along with the fever dreams that accompany gold, grew to monster size—by March

Malden Man Charged in Pyramid and Ponzi Scheme Falsely

Jul 17, 2015 Malden Man Charged in Pyramid and Ponzi Scheme Falsely Promising a 'Gold Mine' Malden, MA SEC Halts Pyramid/Ponzi Scheme Targeting Spanish and Portuguese Communities

Former Kent County deputy Ryan Steensma sentenced to 5

Apr 03, 2019 Former Kent County deputy Ryan Steensma sentenced to 5 years for $1.4 million gold scheme. Updated $1.4 million gold-mining operation. a “classic Ponzi” scheme

Seeking to clear its name, Canadian family takes over gold

Dec 29, 2011 According to the Herald, the move to acquire Merendon de Ecuador is an attempt by the Jarmans family to prove that its Costa-Rica based Voyageur Foundation is not a Ponzi scheme

Gold and SEC (Securities and Exchange Commission

In the same year, the SEC charged six individuals with running a $300 million Ponzi scheme on investors in a purportedly successful gold mining operation (they claimed to represent an independent financial education firm that had discovered a way to earn up to 36 percent annually by investing in mining investments that were “fully

Forecast: Where Are Gold And Silver Headed In 2021? Gold

Don is an expert gold and silver mining stock analyst, author, and founder/owner of GoldStockData a website for gold and silver mining stock data. He is the author of How to Invest in Gold and Silver: A Complete Guide with a Focus on Mining Stocks.He is a contributing analyst on SeekingAlpha and a frequent guest on internet financial podcasts.

Ponzi scheme Wikipedia

A Ponzi scheme (/ ˈ p ɒ n z i /, Italian: ; also a Ponzi game) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from legitimate business activity (e.g. product sales and/or successful investments), and they remain unaware that other investors are the source of funds.

Five B.C. residents accused of helping in a gold mining

May 26, 2020 The B.C. Securities Commission says in a news release that the scheme involved selling membership units in DFRF Enterprises LLC where about 1,400 investors were promised high no-risk returns from gold mining operations. It alleges that there were no gold reserves and the only source of company money was from investors.

FBI — Virginia Attorney Charged in South African Ponzi Scheme

Virginia Attorney Charged in South African Ponzi Scheme U.S. Attorney’s Office June 06, 2012: Eastern District of Virginia (757) as well as diamond and gold mining operations. The indictment

Reviewing GGMTrading GmbH Green Gold Mining Trading

Ponzipedia Number 1 MLM SCAM & PONZI SCHEME Directory Protecting people since January 2020