Fraud > HYIP
& Bank Debentures > HYIP
News & Articles
NEW! -- U.S.
Department of Justice Explanation of Prime Bank/High-Yield Investment
Admistrative Proceeding -- Order Making Findings and Imposing
Remedial Sactions by Default Against David Edwards and James Edwards
May 1, 2003
and Exchange Commission v. Dianna Blairtorbett -- Federal
Court Enjoins Promoter in Securities Fraud April 3, 2003
SEC v. Louis
Lazorwitz, Charles Reives, Tri-Star Investment Group --
Federal Court Imposes Final Judgement Setting Disgorgement, Prejudgement
Interest and Third Tier Civil Penalties in Nationwide Securities
Fraud March 21, 2003
SEC v. Nancy J.
Cheal, individually and d/b/a Relief Enterprise, et. al.
-- Nancy J. Cheal Sentenced to 87 Months in Prison and Ordered to
Pay Restitution... March 18, 2003
Court Issues Permanent
Injunction Against Attorney Mary Lee Capalbo in Connection with
Fraudulent Offering Scheme January 29, 2003
US v. Peitz, Benson,
Loutos, Paladino, Law & Iles -- Federal Court convicts
five on charges arising from a fraudulent prime bank trading scheme...
Jan 3, 2003
Accomplice Sentenced to Prison in Prime Bank Fraud Scheme
People Charged with multiple fraud counts related to a scheme to
OF WILLIAM R. MCLUCAS -- Director, Division of Enforcement
for the U.S. Securities and Exchange Commission concerning frauds
involving fictitious financial instruments.
Prime Bank and High-Yield Investment Fraud - Outline of
speech by Ms. Rosalind Wright, Director of the UK Serious Fraud
Office, that describes prime bank and HYIP scams and offers suggestion
on combating these crimes.
Deems Lawsuit Regarding Morganthau Bonds Bogus -- Judge
Posner rips the plaintiffs in Marques v. Federal Reserve Bank for
bringing a totally bogus lawsuit seeking payment of worthless historical
About HYIP and Prime Bank Programs -- The U.S. Federal Bureau
of Investigations warns investors about bogus programs called HYIP
or Prime Bank Programs, and also advises that anybody who helps
sell such instruments is committing a serious federal criminal act.
Department of Treasury -- Bureau of Public Debt explanation
of Prime Bank Trading Programs, High Yield Investment Programs,
Roll Programs and Private Placement Programs.
Federal Reserve Board -- Sworn, under oath testimony before
the U.S. Senate Committee on Banking, Housing and Urban Affairs
about this scam.
World Bank -- Warns about this scam.
Chamber of Commerce -- Warning about Bank Debenture Trading
Securities & Exchange Commission -- Warning to All Investors
About "Prime Bank" and Other Banking-Related Investment
of the U.S. Comptroller of the Currency -- Fictitious Financial
Programs Erroneously Attributed to the Federal Reserve.
Department of Justice -- Fraud Alert.
Business Bureau -- International Investment Schemes Very
Risky / Investors Warned to Avoid Secret "Debenture Trading"
of Professor James E. Byrne -- Testimony given under oath
in the case of SEC vs. Concorde Capital Enterprise, et al.
BRIEF -- IMF
AGAIN WARNS OF FINANCIAL SCHEMES MISUSING ITS NAME