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| November 15, 2018

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Bilked Archives -

Massive real estate scam based in Irvine bilked people out of $100 million, FTC alleges

November 8, 2018 |

The Federal Trade Commission announced Thursday that it’s looking to shut down the “largest overseas real estate investment scam” it has ever encountered: an unfinished luxury development in Belize whose owners, the agency said, bilked people out of more than $ 100 million.

The scheme’s perpetrators…


L.A. Times – Business

Man Who Bilked $100M From Investors Escapes Prison

December 8, 2017 |

A Washington state man who bilked investors out of more than $ 100 million in a Ponzi scheme has escaped from a federal prison in central California, according to the US Marshals Service. Prison officials said Frederick Berg, 55, was discovered missing Wednesday from a minimum-security work camp next to a…
Newser

Ohio’s Cops for Kids charity bilked donors out of $4.2M, state AG says

November 30, 2017 |

Cops for Kids, a charity that helps families or children who are victims of crimes, allegedly defrauded millions of dollars in donations, according to a lawsuit filed Wednesday by the Ohio Attorney General, the Cleveland Plain Dealer reported.
FOX News

O.C. money manager bilked Mark Sanchez and Jake Peavy out of millions, SEC alleges

June 22, 2016 |

Three pro athletes, including Denver Broncos quarterback and USC alumnus Mark Sanchez, lost tens of millions of dollars in an investment scheme run by an Orange County money manager, according to a civil fraud case filed by the federal Securities and Exchange Commission.

Sanchez, San Francisco…


L.A. Times – Business

Mindy Taylor Cancer Scam Bilked Donors Of $21,000, Police Say

April 23, 2014 |

An Ohio woman who raised more than $ 21,000 to help her fight cancer turned out not to have the disease at all, according to police. Now, 35-year-old Mindy Taylor is facing felony theft charges for allegedly bilking donors who thought they were joining “Mindy’s Army” to help pay her expenses.

Taylor had claimed to be suffering from cancer of the small intestine, lupus and heart disease. Police investigators say subpoenaed medical records show she once suffered a stroke and had been diagnosed with lupus when she was younger, but there’s no evidence of cancer.

More…
Huffington Post