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.
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Seperti dikutip detikFinance dari berbagai sumber, Rabu (13/8/2014), skema ini pernah dipakai oleh perusahaan (yang mengaku) investasi emas, yaitu East Gold Mining Corporation (EMGC) dan Gold Mining Corporation (VGMC). Keduanya sama-sama menawarkan investasi emas dengan keuntungan (mereka menyebutnya …
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A B.C. Securities Commission panel has found three B.C. residents conspired in an international Ponzi scheme that defrauded 137 fellow British Columbians of nearly …
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The B.C. Securities Commission (BCSC) has handed out nearly $1 million in penalties to three local residents for their involvement in what it calls "an elaborate fraud" that promised investors large returns …
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SEC accuses 6 in gold mining investment Ponzi scheme. Submitted by cpowell on Thu, 23:05 Section: Daily Dispatches. ... which was purportedly a successful gold mining and refining company that would pay investors out of its profits. Brost and Sorenson concealed their ownership and control of SGD by using personal aliases, …
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A former senior accountant at the Gold Coast arm of global firm PKF has had his "very serious" allegations that his boss was "running a multinational Ponzi scheme" with a green energy ...
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Three B.C. residents have been ordered to pay nearly $1 million in penalties for their roles in an elaborate fraud that U.S. regulators described as both a Ponzi and a …
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The U.S. Commodity Futures Trading Commission said on Wednesday that is charging defendants Ronnie Gene Wilson and Atlantic Bullion & Coin with fraud in connection with operating a $90 million ...
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"DFRF and its operators falsely claimed that they were running a lucrative gold mining business when in reality they were operating a Ponzi and pyramid scheme that preyed on investors in ...
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Two Metro Vancouver residents have been fined for their role in a worldwide Ponzi and pyramid scheme that duped victims into thinking they were investing in gold mines.
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Merendon Mining Inc. - SEC charged six individuals and four companies with perpetrating a $300 million Ponzi scheme on investors in a purportedly successful gold mining operation who were promised annual returns of between 18 and 36 percent.
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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.
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NovaTech and its founders face allegations of licensing misrepresentation and operating a cryptocurrency Ponzi scheme after their crypto mining company failed.
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Here, Stolfi adds that a Ponzi scheme's operators usually stand to make the most money when compared to those who've managed to successfully cash out of the scheme. Outside of these definitions, other common characteristics of a Ponzi scheme may include a lack of transparency surrounding how invested money is handled and …
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Three B.C. residents have been ordered to pay nearly $1 million in penalties for their roles in an elaborate fraud that U.S. regulators described as both a Ponzi and a pyramid scheme.
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SARs Help Identify Accounts and Additional Nigerian 419 Scams Associated with $32 Million Coal Mine and "Divine Gold" Ponzi Scheme. ... Investors were led to believe their investments were paying for new mining equipment, which investors were assured would increase coal output and mining profits.
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The charges rose out of the defendants running a decade-long Ponzi scheme in the buying and selling of gold and silver coins. The proof at trial showed that the defendants were able to accomplish the fraud through First American Monetary Consultants, a Colorado corporation, which had offices in Memphis, Tennessee and …
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The two men were arrested in 2009 for what police have called "the largest Ponzi-type scheme" in Canadian history. Ponzi schemes involve funds from new investors being used to pay old ones.
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Vital transboundary watersheds shared by British Columbia and Southeast Alaska are facing escalating pressure from a network of more than 450 Canadian gold mining and exploration companies, propelled by a complex Prospect Generator Model that shares the structural and operational attributes of a Ponzi scheme.
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VANCOUVER - Five British Columbia residents are being accused by the provincial securities commission of helping to promote an American pyramid scheme that raised about $15 million from investors ...
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A duo running a precious metals company in Washington duped thousands of customers out of more than $30 million in a "Ponzi-like scheme," federal officials said.
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A silver ponzi scheme run out of South Carolina fleeced precious metals investors of USD$65 million over a three year period.
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The charges rose out of the defendants running a decade long Ponzi scheme in the buying and selling of gold and silver coins. The proof at trial showed that the defendants were able to accomplish the fraud through First American Monetary Consultants, a Colorado corporation, which had offices in Memphis, Tennessee and Ft. …
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Vital transboundary watersheds shared by British Columbia and Southeast Alaska are facing escalating pressure from a network of more than 450 Canadian gold …
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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 …
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The scheme raised over $15 million from more than 1,400 investors, according to the US Securities and Exchange Commission.
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B.C. residents face nearly $1M in penalties for gold mining fraud Fraud took place at a presentation for investors at a luxury hotel in Vancouver.
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VANCOUVER — Two Metro Vancouver residents have been fined for their role in a worldwide Ponzi and pyramid scheme that duped victims into thinking they were investing in gold mines. Monita Hun…
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"Following extensive investigations, it will be alleged the company defrauded over $1.5 million from approximately 30 people between 2018 and 2021 utilising a Ponzi scheme method and identity ...
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The defence sought $1 million bail with e-tagging, citing the Ponzi scheme case of Sunshine Empire, where those accused were given bail of at most $800,000.
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