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29 Sep 2009 No Comments

Bank Fraud of Grand Proportions

Fudging the books costs former Le-Nature CEO. Not only is Gregory Podlucky indicted and losing his job, he has also been forced to hand over millions of dollars worth of […]

29 Sep 2009 No Comments

Three Strikes and…

The CFP Board had a lengthy docket of cases to review at a recent meeting. Three advisors were stripped of advisor licenses and CFP designations for a host of offenses. […]

28 Sep 2009 No Comments

Telecom Charade Bilks Elderly

A Detroit broker managed to defraud hundreds of elderly clients of $74 million in exchange for investments in imaginary telecommunications contracts. To make matters worse, Frank Bluestein’s sham contributed to […]

28 Sep 2009 No Comments

Scoundrel Targets Little Old Lady

This Tar Heel should be tarred and feathered. Charles Mark Hall is accused of embezzling nearly $170,000 from a 90-year-old client he conned into signing surrender forms. Then he made […]

28 Sep 2009 No Comments

Concerned about retirement funds? Here’s a hot tip: Get a Plan!

After decades of experience in financial planning, the folks at Fleecing Central shouldn’t be surprised that consumers are concerned about retirement planning. In fact, according to a recent CFP Board […]

28 Sep 2009 No Comments

Noise and Over-Crowding Reveal Mortgage Scheme

A ring of mortgage crooks may have wanted to enact a strict noise policy for its many illegal boarders. But, most likely the 20 northern Virginia schemers were too busy […]

28 Sep 2009 No Comments

The Secret of Success…

Is to avoid hiding millions of dollars from the Feds. U.S. tax authorities really frown on that. Case in point, UBS client Juergan Homann is in hot water over a […]

28 Sep 2009 No Comments

Profits Evaporate in Foreign Currency Sham

More than 20 investors expecting profits from foreign currency trading have been taken for a ride by Ponzi artist Yongsu Meade of Oregon. Ms. Meade took in approximately $2 million […]

23 Sep 2009 No Comments

So Much for Mother-Daughter Tea Parties

Fleecing Central admires mother-daughter bonding, but these California ladies should really consider a more respectable pastime. The FBI agrees. Helen and Irene Sotiriadis are currently in FBI custody following claims […]

23 Sep 2009 No Comments

Madoff Middleman Made

For more than 30 years, it is claimed that Beverly Hills money manager Stanley Chais was channeling millions of dollars to schemer Bernard Madoff with a cushy cut of the […]