Similar Stories to Feds Seek Receiver For Alleged Investment Ponzi Scheme on Bing News

dkasler@sacbee.com (Dale Kasler), Sacramento Bee: Business
Tue, 04/21/2009 - 12:00am

Federal officials want a receiver to take charge of the Folsom investment firm accused of running a massive Ponzi scheme. The Securities and Exchange Commission said a receiver would be able to hunt down assets and comb through the business records of Equity Investment Management and Trading Inc. The SEC already obtained a court order freezing Equity Investment's assets but so far has only been able to find $1.2 million in a bank account once controlled by the Folsom firm.

Place your ad here
Loading...

BING NEWS:

FBI Arrests a Fraudster Over $43M Crypto Fraud and Las Vegas-Related Ponzi Scheme
The Federal Bureau of Investigation (FBI) has arrested a New York resident for allegedly masterminding a crypto Ponzi scheme.
05/2/2024 - 9:59 am | View Link
FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme
Federal agents arrest a New York resident for orchestrating a $43 million Ponzi scheme, promising high returns through deceptive investment opportunities in cryptocurrency and hospitality ventures.
05/1/2024 - 9:03 pm | View Link
Ex-partner of disgraced financier Rick Siskey settles SEC fraud charges for $350,000
The former partner, who had been accused of making unauthorized trades that hurt his investors, is now writing a book about the Siskey case.
04/26/2024 - 9:43 am | View Link
Par Funding is branded ‘a Ponzi scheme’; ‘insiders’ seek millions as investors wait
Par Funding operated from 2012 to 2019 “as a Ponzi scheme,” diverting new investors’ money to fool old investors and wrongly enriching its owners, the court-appointed receiver for the defunct ...
04/24/2024 - 3:06 am | View Link
Biden administration seeks new privacy rule as Tennessee pushes 'abortion-trafficking law'
"We need to take a long hard look at ourselves. ...We're making a law that a raped child has to go to their rapist to seek out permission before they can see a doctor....It's protecting abusers." ...
04/17/2024 - 12:12 am | View Link
More

More Movie News

More Business News

Pressure is building on Warren Buffett to pony up as Omaha's single electoral vote could decide the 2024 election
Business Insider, Saturday - 05/04/2024 - 12:58 PM
Warren Buffett, CEO of Berkshire Hathaway. Nati Harnik/APDemocrats are pressuring Warren Buffett to reopen his wallet for political donations. The billionaire's influence could swing results in Omaha, clearing a victory path for Biden. Meanwhile, conservatives are backing efforts to push Nebraska to a winner-take-all system. The pressure is on for Warren Buffett to reengage in political donations — something he's avoided for the last five years.
More | Talk | Read It Later | Share
Congressman appears to praise University of Mississippi students, including one making monkey gestures, who taunted a lone Black
Business Insider, Saturday - 05/04/2024 - 12:48 PM
Pro Israeli activists prepare to confront people at a pro-Palestinian encampment protesting the war in Gaza on the campus of the University of Chicago on May 03, 2024. Scott Olson/Getty ImagesRep. Mike Collins appeared to praise University of Mississippi students for racist chants. A video on X showed students engaging in racial taunts towards a Black war protester.
More | Talk | Read It Later | Share
Search ends for missing crew member who disappeared during around-the-world voyage, report says
Business Insider, Saturday - 05/04/2024 - 12:34 PM
The "Ambience" cruise ship at anchor off Guernsey, Channel Islands, 2023. UCG | Getty ImagesA crew member from an Ambassador Cruise Line ship was reported missing at sea. The ship was sailing from Lisbon to Tilbury, England when the crew member disappeared. The search has now been called off, the BBC reported.
More | Talk | Read It Later | Share
Warren Buffett rings the alarm on AI, comparing it to the atomic bomb and warning it will supercharge fraud
Business Insider, Saturday - 05/04/2024 - 12:01 PM
Warren Buffett. AP ImagesWarren Buffett issued a grave warning about artificial intelligence. The Berkshire Hathaway CEO predicted it would supercharge fraud by making scams far more convincing. The investor likened AI to the atom bomb, saying the world has let the "genie out of the bottle."Warren Buffett has raised the alarm on AI, warning it threatens to supercharge fraud by making scams more convincing than ever."Scamming has always been part of the American scene," the famed investor and Berkshire CEO said during his company's annual shareholder meeting on Saturday.
More | Talk | Read It Later | Share
A catchy propaganda song praising North Korea's authoritarian leader is enchanting TikTok and being compared to ABBA, reports sa
Business Insider, Saturday - 05/04/2024 - 11:59 AM
Kim Jong Un, supreme leader of North Korea, pictured in Pyongyang in 2020. API | Getty ImagesKim Jong Un's latest propaganda song, "Friendly Father," is trending on TikTok. The song is part of North Korea's strategy to embed ideological messages in catchy pop tunes. TikTok, a Chinese-owned platform, could soon be banned by the US.
More | Talk | Read It Later | Share
If you loved 'Challengers', watch these 8 tennis films next
Business Insider, Saturday - 05/04/2024 - 11:28 AM
Josh O'Connor as Patrick Zweig in "Challengers."Niko Tavernise / MGM"Challengers," the new tennis drama starring Zendaya, has already made more than $30 million at the box office. The film focuses on a former tennis prodigy caught in a love triangle with two other players. If you loved the sports drama, here are eight other tennis films you should watch."Challengers," the new drama starring Zendaya, Josh O'Connor, and Mike Faist, has taken the tennis world by storm since it hit theaters last week.
More | Talk | Read It Later | Share

Similar Stories to Feds Seek Receiver For Alleged Investment Ponzi Scheme on Bing News

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News