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Tag: Investment Fraud

Con man exposed after Justin Bieber ruse

(CNN) — Waleed Ahmed grins for the camera, a sly smile on his face as he poses in front of a black Porsche parked on the street. At first glance, he looks like any other young guy hamming it up for an image to share with his buddies on Facebook. Yet looks can be deceiving.…
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Ex-Millennium Fund Manager Balboa’s Bond Fraud Trial Starts

(Bloomberg) Ex-Millennium Global Investments Ltd. portfolio manager Michael Balboa’s securities-fraud trial, in which he is accused of participating in a scheme involving Nigerian sovereign debt, began in federal court in New York. Balboa, who worked at Millennium from December 2006 to October 2008, was named in an indictment unsealed in March. He is charged with…
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Shady E-Currency Site Busted for Global Money Laundering

(Eurasianet) Four former-Soviet immigrants appear to be at the center of what federal prosecutors in the United States are laundering operation conducted entirely on the internet, according to an indictment made public by the US Attorney for the Southern District of New York. On May 28, the court announcedthe arrest of Arthur Belanchuk Budovsky, 39,…
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