Colorado Double Ponzi

Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes, Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning, Private Placements, Venture and Bridge Funding, IPOs, Viaticals Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery Schemes, etc. Includes the Jim Norman Project and the Michael Dotson Project and similar HYIP scams.
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notorial dissent
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Colorado Double Ponzi

Postby notorial dissent » Thu Jul 19, 2012 8:47 am

Gregory Russell, who had already been charged in a $9.7M real estate ponzi scheme in Colorado, decided to try for a Hutzpah award, with clusters, by running a second scheme while awaiting trial selling short term interests in a silver mining scheme called "Vital Elements". For added points, one of his first victims in his latest effort was a relative he talked in to "investing" $73,000. He is now in jail, not being able to meet the $1M bond set by the judge, waiting trial on the original charges, and will also be charged in the second matter as well. Denver Post article
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