tag:blogger.com,1999:blog-8208431599381941990.comments2024-03-11T13:03:23.980-07:00The Ponzi Scheme BlogKathy Bazoian Phelpshttp://www.blogger.com/profile/00340238476313463754noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-8208431599381941990.post-82771191736399485472017-12-03T14:16:48.295-08:002017-12-03T14:16:48.295-08:00Just an update on Joel Gillis and Ed Wishner (Nati...Just an update on Joel Gillis and Ed Wishner (Nationwide Automated Systems):<br /><br />The receiver has so far managed to recover about $30 million of the $124 million lost with other sources of recovery still in the pipeline. One of these sources is City National Bank, which several lawsuits have claimed should have caught this sooner.Sarahhttp://nasivictims.illuminatigonewild.comnoreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-70332725630634879442016-04-07T13:54:42.549-07:002016-04-07T13:54:42.549-07:00$126 million canadian fraud
http://www.cbc.ca/new...$126 million canadian fraud <br />http://www.cbc.ca/news/canada/toronto/pyramid-scheme-toronto-1.3356905<br />Barthttps://www.blogger.com/profile/06833674828551917901noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-23446862964994046072015-08-31T22:57:06.372-07:002015-08-31T22:57:06.372-07:00Hopefully the British pension liberation fraudster...Hopefully the British pension liberation fraudsters will also get their just deserts. There are plenty of these vile scammers - in the UK, Spain and Dubai, as well as New Zealand. The sooner these people are put in prison the better.Anonymoushttps://www.blogger.com/profile/15828361922519423355noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-77357281723858783182014-06-06T15:53:56.181-07:002014-06-06T15:53:56.181-07:00It seems to be assuming that the banks bear respon...It seems to be assuming that the banks bear responsibility for Madoff's fraud when you say:<br /><br />"So who is it that gets to hold the banks accountable and obtain recoveries to reimburse the defrauded victims for their losses?"<br /><br />The banks here did not steal the assets. <br /><br />Also, not sure how Chase factors into this. Chase provided Madoff's bank account -- where he kept the pot of money for the Ponzi scheme. I don't think there is any allegation here that these were Madoff's bankers. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-16663437294762925162014-06-03T13:35:37.658-07:002014-06-03T13:35:37.658-07:00I am writing my project on managing operational ri...I am writing my project on managing operational risks for financial institutions. Ponzi schemes have increased reputational damage/risks for the financial institutions all around the world. Dealing with such schemers are ripping their investors of their financial security. Detecting them early is key. Prince arhin, Ghananoreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-53704695161623864602014-05-29T07:42:34.547-07:002014-05-29T07:42:34.547-07:00Hi Kathy. That is a very interesting post. There...Hi Kathy. That is a very interesting post. There are similar issues raised in Fairfield's liquidation proceedings in the British Virgin Islands, re: consequences of subsequent discovery of fraud, and the issues are bound to repeat in a variety of contexts. Thanks for posting!Tally M. Wiener, Esq.https://www.blogger.com/profile/08142559403122581052noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-67900567607549302712014-02-06T12:31:07.849-08:002014-02-06T12:31:07.849-08:00What a busy month in the Ponzi scheme world! Thank...What a busy month in the Ponzi scheme world! Thank you for the great update, Kathy!B. Yeretzianhttps://www.blogger.com/profile/01027535920172642746noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-59381146157024620592014-01-26T19:49:39.118-08:002014-01-26T19:49:39.118-08:00Great argument for reducing sentences which also a...Great argument for reducing sentences which also applies even more so to non-violent drug offenses which actually make up the bulk of the prison population we have too much of thanks to the prison-industrial complex which thrives on prisoners. <br /><br />The more the better as far as prison officials are concerned who get all this taxpayer money - that $47,000 cost is their profit!<br /><br />Ponzi schemers are sociopaths who destroy people's lives no different than any other violent psychopath who might physically attack someone so should be treated the same - lock them up and through away the key! <br /><br />Let all the marijuana users out and you'll have plenty of money left over to keep Ponzi schemers on ice for life.ozdawnhttps://www.blogger.com/profile/00972399582315152041noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-1604274480768585792014-01-09T16:56:59.348-08:002014-01-09T16:56:59.348-08:00I assume that the percentage in option a can excee...I assume that the percentage in option a can exceed 100.Nigelhttps://www.blogger.com/profile/17972908877227092472noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-47226078812622193052014-01-09T09:43:21.075-08:002014-01-09T09:43:21.075-08:00d. A contribution sufficient to make victims whol...d. A contribution sufficient to make victims whole taking into consideration all other recoveries from other defendants plus the costs of recoveries, including the fees and costs of the trustee, legal counsel, and other professionals retained to assist in those recoveries.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-60951229525646948182013-11-11T17:37:56.183-08:002013-11-11T17:37:56.183-08:00I am looking for a Bankruptcy Trustee in Toronto. ...I am looking for a <a href="http://www.harrisandpartnersinc.com" rel="nofollow">Bankruptcy Trustee in Toronto</a>. Does anyone have any idea where I can find one?Anonymoushttps://www.blogger.com/profile/00010828910460761567noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-272414883652049902013-10-30T09:01:45.116-07:002013-10-30T09:01:45.116-07:00One solution for the victims of Allen Stanford'...One solution for the victims of Allen Stanford's Ponzi scheme is to allow the Joint Liquidators based on Antigua to take out the lawsuits against the banks etc. in countries outside of the United States. They are not bound by the SLUSA ruling in the U.S.<br /><br />To find more information on the Stanford fraud and join discussions visit the Stanford International Victims Forum at http://sivg.org.ag/<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-84970954908251910712013-10-20T21:12:39.720-07:002013-10-20T21:12:39.720-07:00This guy Duane Slade is the son in law to a man fr...This guy Duane Slade is the son in law to a man from Renton Washington that was convicted of the same type of crime, he swindled senior citizens out of their life savings. He spent almost 10 years in prison. Some of Jerry Kings money ended up with with Duane. This is a crime family extraordinaire. The families that were swindled finally recovered $26.00 each from Jerry King after he got out of prison. He stole $12 million, Surprised the IRS never got him for taxes not paid by the thief. Ronhttps://www.blogger.com/profile/03054811016340447206noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-35837423597910841172013-07-05T04:25:07.894-07:002013-07-05T04:25:07.894-07:00I see this piece of legislation opening up a real ...I see this piece of legislation opening up a real can of worms. Who, and using what criteria, makes the determination whether or not a religious or charitable entity or organization is "qualified"? Further, why should any particular person or organization get a free pass while other equally victimized parties don't? All affected persons/entities should receive the same treatment. This is yet another example of lobbyists (who typically are former politicians) influencing our legislators to the benefit of a select few at the expense of many. This is not the way it should be in our society, and only serves to undermine trust in our political system.ourexistencehttps://www.blogger.com/profile/01335910595550814431noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-15797674167290224742013-06-20T15:49:18.482-07:002013-06-20T15:49:18.482-07:00It's good to see a win like this. I know it wa...It's good to see a win like this. I know it was a huge inspiration to the <a href="http://www.mclay.ca/company/offices/index.php" rel="nofollow">bankruptcy trustees in Woodstock</a> who are facing some similar problems. Way to go folks!Anonymoushttps://www.blogger.com/profile/08946511135762531638noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-37498073728797623442013-06-04T08:53:27.196-07:002013-06-04T08:53:27.196-07:00I see that one of my favorite Minnesotans, Mr. Pet...I see that one of my favorite Minnesotans, Mr. Petters, is given honorable mention this month. Dave Kelly.Dave Kellyhttps://www.blogger.com/profile/15173287833907791267noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-4049412710057282932013-01-08T05:16:59.877-08:002013-01-08T05:16:59.877-08:00There is a well tested method to deal with this is...There is a well tested method to deal with this issue called a "Special master". Both sides submit to the special master and the special master will view the request and view the records and make a determination if those records under question do or do not fall under privilege. The special master will do this on a record by record basis. The special master for this is typically a retired judge or a lawyer who has specialized in lawyer on lawyer litigation.LBFhttps://www.blogger.com/profile/03470669487632603147noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-186151402248318462012-10-13T05:47:14.745-07:002012-10-13T05:47:14.745-07:00Thanks for the posts. good stuff. Thanks for the posts. good stuff. jojopig.comhttps://www.blogger.com/profile/02504395639519039761noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-51304930632821346822012-10-12T22:15:40.160-07:002012-10-12T22:15:40.160-07:00Such an interesting read!Thank you for sharing all...Such an interesting read!Thank you for sharing all this.Anonymoushttps://www.blogger.com/profile/15270504706876601905noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-81122172871416240302012-10-02T06:55:08.235-07:002012-10-02T06:55:08.235-07:00nice infonice infoAnonymoushttps://www.blogger.com/profile/01926641374643890117noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-33504326561005486252012-05-29T10:41:55.927-07:002012-05-29T10:41:55.927-07:00This is an important point about the requirements ...This is an important point about the requirements of due process in a forfeiture proceeding. In this case, it appears that Epstein, Becker & Green received its due process rights to notice and an opportunity to be heard, and that it simply lost on the merits of the case.Kathy Bazoian Phelpshttps://www.blogger.com/profile/00340238476313463754noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-33004589889512491482012-05-28T03:36:36.956-07:002012-05-28T03:36:36.956-07:00Due process requires the government to provide ...Due process requires the government to provide 'notice reasonably calculated, under all the circumstances, to apprise interested parties of the pendency of the action and afford them an opportunity to present their objections.<br /><br /><a href="http://www.cohnpatents.com/provisional-patents/" rel="nofollow">www.cohnpatents.com</a>Cathy Walkerhttps://www.blogger.com/profile/17850928170394400303noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-39423409092939696182012-05-01T19:58:24.024-07:002012-05-01T19:58:24.024-07:00The link to the podcast has been repaired! Thanks...The link to the podcast has been repaired! Thanks, Ron.Kathy Bazoian Phelpshttps://www.blogger.com/profile/00340238476313463754noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-20745144281169587812012-04-30T17:01:43.394-07:002012-04-30T17:01:43.394-07:00The link to the podcast does not seem to work.. Is...The link to the podcast does not seem to work.. Is there a better link? ThanksRonhttps://www.blogger.com/profile/12334802584945035269noreply@blogger.comtag:blogger.com,1999:blog-8208431599381941990.post-47780303068413287852012-04-29T23:02:08.666-07:002012-04-29T23:02:08.666-07:00Thanks for great information you write it very cle...Thanks for great information you write it very clean. I am very lucky to get this tips from you<br /><br /><br /><a href="http://www.howtoclaimppi.org/" rel="nofollow">how to claim ppi</a>rahulhttps://www.blogger.com/profile/05076722351666645674noreply@blogger.com