Attorneys for MedCap CEO Sidney M. Field and President Joseph J. “Joey” Lampariello revealed the probe last week in an emergency request to use $150,000 per month in frozen assets for legal bills. U.S. District Judge David O. Carter denied the request, saying there was no emergency.
Posts Tagged ‘Frozen Assets’
Medical Capital Probe Launched
March 26th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: District Judge David, Emergency Request, Foot Yacht, Frozen Assets, Garden Variety, Health Care Facilities, Home Stretch, Legal Bills, Little League, Markup, Medical Capital, Orange County History, Perfect Game, Ponzi Schemes, President Joseph, Receivables, Seaman, Securities And Exchange Commission, Securities Fraud, Unpaid Bills 
Comments OffSEC OBTAINS ASSET FREEZE OF JOSEPH S. BLIMLINE FOR HIS INVOLVEMENT IN THE PROVIDENT ROYALTIES $485 MILLION NATIONWIDE OFFERING FRAUD
December 7th, 2009 Before You Invest On December 3, 2009, the Securities and Exchange Commission obtained a temporary restraining order and emergency asset freeze against Joseph S. Blimline relating to his involvement in a $485 million offering fraud and Ponzi scheme. The scheme was orchestrated by Joseph S. Blimline, Paul R. Melbye, Brendan W. Coughlin and Henry D.
Posted in Finance Fraud Tags: Broker Dealers, Complaint Charges, Coughlin, Disgorgement, Exchange Act, Frozen Assets, Gas Interests, Ill Gotten Gains, Injunctions, Investor Funds, Melbye, Oil And Gas, Provident, Royalties, Rule 10b, Sanction, Section 17, Securities Act Of 1933, Securities And Exchange Commission, Temporary Restraining Order No Comments »SEC and Stanford Victims Oppose Standford Request For Money
May 5th, 2009 Before You Invest Stanford Group Co. investors and U.S. regulators are opposing Texas billionaire R. Allen Stanford’s request to unlock $10 million in frozen assets to defend against allegations he ran an $8 billion Ponzi scheme.The U.S. Securities and Exchange Commission sued Stanford, two associates and three of his companies on Feb.
Posted in Finance Fraud Tags: 10 Million, Allegations, Certificates Of Deposit, Companies In Receivership, Corporate Assets, Financial Group, Frozen Assets, High Yield Certificates Of Deposit, Investors, Money, Personal, Preliminary Injunction, R Allen, Regulators, Sec, Securities And Exchange, Securities And Exchange Commission, Stanford Group, Texas Billionaire, Wrongdoing No Comments »Marcus Schrenker faces nearly $9 million in potential and actual judgments and legal claims
January 20th, 2009 Before You Invest Indiana financial manager who parachutedfrom a small plane in a suspected bid to fake his death handledlucrative accounts in several states for years despite repeatedaccusations that he was bilking investors.Regulators in at least three states were warned about MarcusSchrenker, in one case as early as 2002.
