Tag Archives: Ponzi

For decades, Miles “Burt” Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local. Working from an office in the charming village of Hamilton, down the road from Colgate University, Marshall prepared taxes and sold insurance. He also took money for what …

HAMILTON, N.Y. (AP) — For decades, Miles “Burt” Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local. Working from an office in the charming village of Hamilton, down the road from Colgate University, Marshall prepared taxes and sold insurance. He also …

The seal of the U.S. Justice Department is seen on the podium in the Department’s headquarters briefing room. Kevin Lamarque | Reuters Two men have been indicted in New York on federal criminal charges in connection with a water vending machine Ponzi scheme that allegedly swindled investors out of more than $200 million, the Department of Justice said Thursday. The …

CEDARTOWN, Ga. — A federal receiver is on the hunt to recover $140 million lost in an alleged Ponzi scheme that benefited some Republicans in the top ranks of their party in Georgia and Alabama. He’s looking to claw back funds, including almost 1,000 political donations totaling more than $1 million, that often backed far-right Republican insurgents. Some of these …

A prominent Georgia Republican was running a Ponzi scheme that defrauded 300 investors of at least $140m, federal officials alleged in a complaint filed on Thursday. The civil lawsuit by the US Securities and Exchange Commission (SEC) said First Liberty Building and Loan, controlled by Brant Frost IV, lied to investors about its business of making high-interest loans to companies. …

ATLANTA (AP) — A prominent Georgia Republican accused of running a $140 million Ponzi scheme publicly apologized on Friday as a federal judge ordered his assets frozen and appointed a receiver to try to recover cash for investors. Brant Frost IV said in a statement issued through his lawyers that he “would like to apologize personally to those I have …

S.E.C. Accuses Prominent Georgia Republican of Running Ponzi Scheme  The New York Times SEC accuses GOP-linked Georgia lender of $140M Ponzi scheme  AJC.com Georgia Republican apologizes for $140M Ponzi scheme as judge freezes assets  AP News Georgia man accused by SEC of perpetrating Ponzi scheme says he takes ‘full responsibility’ for his actions  Fox News SEC charges Georgia lending firm in $140M Ponzi scheme  FOX …