Elderly Ponzi Scheme Runners Face 80 Years in Prison Two elderly San Fernando Valley residents have been convicted for running a Ponzi scheme for 13 years, which netted them $100 million, and now potentially 80 years in prison. Joel Barry Gillis, 74, and Edward Wishner, 76, face up to 80 years in prison each for the Ponzi scheme charges. Both men pleaded guilty in federal court to two counts of mail fraud, one count of wire fraud, and conspiracy charges related to their long-running and very successful Ponzi scheme. Investors in the … [Read more...]
New Suspects Indicted on Federal Charges in Ponzi Scheme
March 18, 2020 by Leave a Comment
Two New Suspects In Ponzi Scheme Indicted on Federal Charges in South Carolina The wife and brother of a convicted Ponzi scheme ringleader have been indicted on federal charges related to the scam. Cassandra Kendall Wilson, 66, and Timothy L. Wilson, 60, have both been indicted on indicted on federal charges including conspiracy to defraud the US government, for assisting Ron “Ronnie” Wilson hide gold and other assets after he was convicted for creating a Ponzi scheme. Ronnie Wilson is currently serving a 19-year sentence for mail … [Read more...]
Texas Man Faces Federal Charges for Bitcoin Ponzi Scheme
March 11, 2020 by Leave a Comment
First Ever Bitcoin Ponzi Scheme Lands Texas Resident with Federal Charges On Thursday, November 6th, a Texas man was charged for a Bitcoin Ponzi scheme created to defraud his investors in the First Pirate Savings and Trust. This will be the first federal criminal securities fraud involving Bitcoin, a completely internet-based currency with no central governing body. Trendon Shavers, 32, faces federal charges including misappropriating 146,000 of the 764,000 bitcoin, which was worth $4.5 million between September 2011 and September 2012, … [Read more...]
ZeekRewards Founder Indicted on Federal Charges for Ponzi Scheme
November 18, 2014 by Leave a Comment
ZeekRewards Founder Faces Federal Charges in North Carolina for Ponzi Scheme The president and founder of ZeekRewards, a penny exchange website, has been indicted by a grand jury in North Carolina for several federal charges, including wire fraud, mail fraud, and tax fraud, for creating the internet Ponzi scheme. Paul Burks, 67, is a resident of Lexington, NC. On Friday, October 24th, a federal grand jury indicted Burks on charges of wire and mail fraud conspiracy, wire and mail fraud, and tax fraud conspiracy. According to the federal … [Read more...]
Preacher Sentenced for SC Ponzi Scheme Faces SC Felon in Possession Charges
July 18, 2014 by Leave a Comment
SC Preacher Sentenced for SC Ponzi Scheme Now Faces Gun Charges A preacher for an Aynor Baptist Church could face criminal gun charges after attempting to bring a gun into a federal courthouse where he was scheduled to receive his sentence for conducting a Ponzi scheme. Reportedly, US Marshalls found the gun inside a bag that Archie LaRue Evans, 43, attempted to bring inside the McMillan Federal Building in Florence before his sentencing hearing on Ponzi scheme charges, which he pleaded guilty to last January. Evans is now expected to face … [Read more...]
Arizona Man Pleads Guilty in Multimillion Dollar SC Ponzi Scheme
December 17, 2013 by Leave a Comment
Man from Arizona Pleads Guilty to Federal Fraud Charges in South Carolina Ponzi Scheme A 22-year-old Arizona man, who was indicted with his brother this past spring, pleaded guilty to charges for his role in a multimillion dollar Ponzi scheme in South Carolina. Benton T. Hall, from Mesa, Arizona, has pleaded guilty to charges of conspiracy and obstruction of justice. Hall and his brother Gordon were indicted in March of this year for their alleged involvement in a Ponzi scheme run in South Carolina by Ron “Ronnie” Wilson, a former … [Read more...]
Fake Medicaid Claims Cost Healthcare Company Over $150 Million
September 21, 2011 by
Maxim Healthcare has suffered a multimillion dollar deficit in fines, penalties and reimbursements for their involvement in medical aid fraud. Richard West, a New Jersey Vietnam veteran, helped spur this fraudulent discovery when he noticed his Medicaid benefits were maxed out in 2004, according to the New York Post. After further review of his personal records he later learned that his healthcare provider, Maxim Healthcare, had been billing the government for care he never received. Enraged with the company for trying to make money off … [Read more...]
Ponzi Scheme Convictions Bring Receivers Seeking Restitution
October 4, 2010 by Leave a Comment
As you may know, the Three Hebrew Boys operated Capital Consortium Group, LLC. The master minds of this scheme were Joseph B. Brunson, Timothy McQueen and Tony Pough, all from the Columbia, South Carolina area. According to the U.S. Attorney District of South Carolina's Office: Between 2004 and 2008, they collected more than $82 million dollars from approximately 7,000 investors by offering debt elimination programs that promised to pay off investors’ mortgages and car loans with high yields. In fact, the trio invested little of the … [Read more...]
