Archive for the ‘Connecticut’ Category

A Manipulated Stock Price

Tuesday, October 21st, 2008

The Securities and Exchange Commission (SEC) filed a civil injunctive action against Excellency Investment Realty Trust, Inc and its CEO, David D. Mladen in connection with an alleged market manipulation scheme. (more…)

Bogus Casino Scam

Thursday, May 8th, 2008

The FBI has arrested Christopher M. Pearson, 48, of Ledyard, Connecticut in connection with an alleged scam to defraud investors, including his father, out of $500,000 through a bogus deal to buy land and build a resort casino and condos in Honduras. Heather Allen of TheDay.com Connecticut reports: (more…)

Another ‘Self-Evident’ Truth

Wednesday, March 19th, 2008

The corrupting influence of money in politics-Jefferson could have included it in the Declaration of Independence among those truths that we Americans consider ”self-evident.” (more…)

How Do Ponzi Operators Pay Off Debts from Old Scams?

Tuesday, January 15th, 2008

You guessed it — by starting new scams.

Robert E. Bridges has pled guilty to starting a new Ponzi scheme to pay off a $5 million civil judgment stemming from a previous scam.  It worked in one sense- Bridges raised $8 million in the new scam by telling investors in Connecticut, Rhode Island and Massachusetts that he purchased portfolios of debt from businesses and turned a profit by using collection agencies to collect the debt himself. (more…)