Second Circuit Receives Unusual Madoff Appeal
New York federal prosecutors have asked the U.S. Court of Appeals for the Second Circuit to dismiss an appeal by a federal prisoner who asserts that Ponzi schemer Bernie Madoff was convicted because the government used mind-control techniques to influence the court. In July, a handwritten motion seeking to dismiss the case was filed under […]
Ponzi Schemer Confesses To Additional Fraud
Eliyahu Weinstein, a New Jersey Ponzi schemer already serving 22 years in prison for a $200 million real estate scam, confessed in federal court last week that he additionally defrauded potential investors in Facebook’s initial public stock offering and other real estate transactions. He then admitted to laundering the illicit proceeds. Weinstein pleaded guilty to […]
Ponzi Schemes Year In Review: Volume II
Throughout the year, the Frankowski Firm has investigated a number of Ponzi schemes. Thousands of investors have lost millions of dollars by unwittingly putting their money into Ponzi schemes all across the country. This second installment of our Year In Review summarizes many of the Ponzi schemes that have been uncovered over the past year. […]
Ponzi Schemes Year In Review: Volume I
Throughout the year, the Frankowski Firm has investigated a number of Ponzi schemes. Thousands of investors have lost millions of dollars by unwittingly putting their money into Ponzi schemes all across the country. This Year In Review summarizes many of the Ponzi schemes that have been uncovered over the past year. Monterey, California financial talk […]
Three Sentenced For Church-Targeting Ponzi Scheme
The Frankowski Firm is currently investigating a Ponzi scheme aimed at church-goers. Two people from North Carolina and one from Florida were sentenced earlier this month for what federal authorities have called a church-targeting Ponzi scheme. All three individuals had previously testified against Thomas Kimmel from Indiana who was the alleged mastermind of the operation. […]
Indiana Investment Advisor Pleads Guilty To Securities Fraud
Lynn A. Simon, an investment advisor from Evansville, Indiana, pleaded guilty yesterday to charges arising from allegations last year that he conned over $1 million out of investors in the area. The charges included three counts of securities fraud, class B felonies, and one charge of unlawful sale of a security, which is a class […]
