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$129 Million Investment Fraud Against Friends and Family
Investment Fraud - Friends and Family Are Not Immune When a stranger defrauds you of your hard-earned money, you learn an expensive lesson. But when the investment fraud is perpetrated by a supposed friend or family member, the crime touches far more than your pocketbook. Texas, generally regarded as a friendly state where handshake deals do still exist, was the [...]
Just Seven Months to Defraud 20 Investors of $70 Million
20 Investors Defrauded of $70 Million Not even institutional investors are immune from financial investment fraud shenanigans when it comes to a company such as Bitwise. No, not Bitcoin. Jake Soberal a 37-year-old intellectual property attorney and 42-year-old Irma Olguin who was involved in multiple start-ups, founded Bitwise in 2013. Bitwise’s mission statement attracted a particular segment of investors. The [...]
Unveiling the Cow Town Ponzi Scheme
Fort Worth Texas is still known as “cow town” here in the Lone Star State. Well, at least among non-cattle people it is. When you visit the stockyards, you can still enjoy a cattle drive—the urban version of one. Seriously, Texas does boast some of the best cattle genetics in the world. Unfortunately, Josh Link of Gilbert Arizona and Jed [...]
Ponzi Scheme Gold Rush?
Ponzi Scheme Gold Rush? In the last couple of years, many media outlets have reported Californians migrating to other states, including Texas. It was only a matter of time before Texas, Waco in this case, added a citizen at the heart of a California Ponzi scheme. Over a three-year period 120 customers invested $21 million with California’s Regal Assets LLC, [...]
Foreign Currency Investment Scam – 30 Investors Lose $7.1 Million
Foreign Currency Investment Scam For almost five years, Darren Robinson of Miami Florida and his Wyoming corporation, QYU Holdings managed to scam $7.1 million from 30 investors through what they claim was an office in Dallas, Texas. While investors were from a variety of states, most of the victims resided in the suburbs of Detroit, Michigan. But the fraud neighborhood [...]
Texas Lacrosse Coach / Teacher Learns Financial Fraud Isn’t His Game
William Logsdon, Lacrosse coach from Midland Texas, and mother-in-law, Jamie Thompson, oil and gas geologist, were recently convicted of financial crimes. For one count of conspiracy to commit wire fraud and four counts of aiding and abetting wire fraud, Logsdon was sentenced to nine years in prison. Thompson pled guilty and was sentenced to five years in prison. CBS7 Report [...]