Quatloos! > Investment Fraud > HYIP & Bank Debentures > Exhibit: Quatloosian HYIP Programs > Cases

EXHIBIT: Quatloosian HYIP Cases

• United States v James Gormley 

• Security and Exchange Commission (SEC) v.
  Abacus International Holding Corporation and Arthur Agustin
  Court (finally) cracks down on scammers offering "risk free" returns of 80% per month through "prime bank" investment.

• SEC v. Alamin Inc., et al.
  Invest in their non-existent banks and you are guaranteed a return of 130% a month with no risk whatsoever, honest.

• SEC v. Alamin Inc., et al.
  Did they really think that they would get away with this? ...Well that is what they said about O.J., so nevermind.

• SEC v. Donald Barry Tamres
  Mr. Tamres offered $1.75 million from an initial $35,000 investment in only six weeks. How can you pity those that fell for this one?

• SEC v. Robert Cord Beatty, et al.
  Investors receive 10-20% profit per month by investing in banks that do not exist, but are somehow guaranteed by the "top 100 world banks." 

• SEC v. Robert Cord Beatty, et al.
  Did I tell you the scammers behind this one received $2 million from investors? ... Well they did.

• SEC v. Robert Cord Beatty, et al.
  The SEC must really like these guys, I know I do.

• SEC v. Louis Bethune, et al.
  Louis Bethune and partners pledge $300 million in revenue bonds secured by "prime banks."

• SEC v. Gene Block, et al.
  Wow! Receive 200-420% of your investment annually through this "prime bank" scam. This beats all those lottery tickets you bought.

• SEC v. Gene Block, et al.
  Same scam as above, but selling "bank instruments" would apparently double investor's funds, when in actuality it cuts them completely off.

• SEC v. Gene Block, et al.
  See what advertising on the internet does for your business? People will buy anything with the right ad, except those old Carl's Jr.'s TV ads- they suck!.

• SEC v. David Blunk, et al.
  David Blunk and partners  try to con a university out of $5-$10 million claiming a return of 120% per year. Lucky for the students, the scammers were busted and the cops were driven away from the frat houses for at least one night.

• SEC v. Joseph A. Bremont, et al.
  $1.7 million was swindled from investors and diverted oversees, hopefully not to Nigeria (inside joke, sorry).

• SEC v. Richard J. Briden, et al.
  100% return per week with a  minimum $1 million investment. Big surprise! The investors have yet to see their money.

• SEC v. John E. Brinker, et al.
  200 investors gave $7.1 million for a "prime bank" scam that promised annual returns of 50%. Hey, it isn't our fault.

• SEC v. Walter Clarence Busby
  Can you trust anyone who offers a 750-10,000% return on an investment. And yes that is 10,000%, not a typo.

• SEC v. Nancy J. Cheal, et al.
  Returns of 100% per week are "guaranteed" by the U.S. Government. Yeah, I bet they are. 

• SEC v. Nancy J. Cheal, et al.
  Getting some serious out-of-country scam action.

• SEC v. Benjamin Franklin Cook, et al.
  After raising $45 million from 300 investors, all he gets is a fine and hopefully a few years supply of soap-on-a-rope, because  you know where he's goin'.

• SEC v. Benjamin Franklin Cook, et al.
  Now they say that $30 million was received from 100 investors.

• SEC v. Benjamin Franklin Cook, et al.
  C'mon, he's just a good old boy from wine country trying to make a few million bucks. Leave him alone.

• SEC v. Benjamin Franklin Cook, et al.
  European banks offered 24-60% for investments in their "prime banks". Suckers!

• SEC v. Michael W. Crawford, et al.
  Scamming the National Council of the Churches of Christ is not only illegal, its down-right immoral.

• SEC v. Stephen Desimone, et al.
  A scam "down under."

• SEC v. Funding Resources Group, et al.
  $14 million raised by scammers in Texas, what's new?

• SEC v. The Gateway Association, et al.
  If you gave me $10 million for nothing, I'd buy a car too.

• SEC v. Harold Glantz and Peter H. Block
  A mere $2 million was raised through this "prime bank" scam. We almost didn't post this one. With 2 guys you should make at least $10 million. This is ridiculous!

• SEC v. HDG Investment Corporation and Paul J. Edwards
  Almost seems like the court is "scamming the scammers". They made $305,000 but the court wants about a half a million. How does it feel?!

• SEC v. Highland Financial Corporation, et al.
  Returns of 1,000% were offered to high-paying, extremely gullible investors. The scammers received $9.5 million from 10 investors.

• SEC v. Terry V. Koontz, et al.
  Raise $23 million, get free room and board at a prestigious state institution..

• SEC v. John D. Lauer, et al.
  Scammers made $4 million but need to pay about $5 million to the court.

• SEC v. John Lauer
  An extra $12.5 million was scammed through use of the infamous "prime banks".

• SEC v. John Lauer, et al.
  Was that $12.5 million or $14 million in "prime bank" investments? No one knows.

• SEC v. Lennox Investment Group, et al.
  122.5% per week was offered for 40 weeks upon investment in "prime bank" securities.

• SEC v. Anthony J. Marino, et al.
  I hope they made a lot of money off this scam. The court wants them to pour out about $31 million from their funds.

• SEC v. Anthony J. Marino, et al.
  By the way, they offered 20% returns each month for investing in their "prime banks".

• SEC v. Marshall Neil, et al.
  Make a 100% return within 90 days? Well, 170 people fell for it and paid the scammers $6 million. We don't want to add you to this gallery of shame, but we will!

• SEC v. Marshall Neil, et al.
  Never put money into anything that claims to be a secret bank trading program.
  Trust me.

• SEC v. Roy E. Matlock and Alan Root
  Read if you want. These two only made $3.6 million from their scam. Not even up to par.

• SEC v. Stafford Y.L. Mew, et al.
  Roughly 20 years were given out to one of these "prime bank" scammers. Ouch!

• SEC v. Norton, et al.
  Investors lost $890,000 in a "prime bank" scam, and they could get it back. Right??

• SEC v. Jeffrey Norton, et al.
  More info about the second lowest paying scam in Quatloos' history (so far).

• SEC v. Lennox Investment Group, et al.
  Crazy Texans at it again. Yee-haw!!

• SEC v. Oracle Trust Fund, et al.
  20% monthly return for 12 to 18 months with investment in a secret "prime bank" trading market. Sound sophisticated? It just somebody's bank account, that's all.

• SEC v. Edward J. Paradis, et al.
  Going down... a "prime bank" scam involving 4 investors and $600,000 was exposed in Massachusetts. 

• SEC v. Jerome C. Pinckney, et al.
  Another "prime bank" scam involving 15 banks in Western Europe and a handful of "very smart, well trained businessmen."

• SEC v. Jerome E. Pinckney, et al.
  Only a 9% return is offered, but it is 100% safe.

• SEC v. Theodore O. Pollard
  Can $35,000 really make you $3,000,000 in 10 months? You wish.

• SEC v. Theodore O. Pollard and World Investment Network, Ltd., et al.
   $3 million from $35,000 still cracks me up.

• SEC v. Lewis Allen Rivlin, et al.
  Just like your lawyer always said, "Stolen funds are no good... unless you give me a one-third cut."

• SEC v. Barnard Sackett, et al.
  Anyone that manages to scam $100 million out of 1 investor deserves a handshake and a spot on the most reputable scam-busting site on the internet.

• SEC v. Daniel E. Schneider, et al.
  Received $2 million from 6 investors through bank debenture trading programs. I know it's a boring summary. Shoot me.

• SEC v. Stewart, et al.
  This program offered 10 to 50 times the initial investment. Right!

• SEC v. Stewart, et al.
  Why is it the older folks are always the ones behind the scams?

• SEC v. TAC International Limited, et al.
  $12 million was scammed through this "prime bank" fraud promising a 1,300% annual return.  

• SEC v. TAC International Limited, et al.
  They also promised a 600% return within 30 days. Quite frankly, I'm surprised they were caught. 

• SEC v. Two-Thirds International Inc., et al.
  $4.8 million raised promising $908 million for a $330,000 investment. Who believed this one? C'mon 'fess up.

• SEC v. Donald Wallace, et al.
  Hold on to your wallets, Donald Wallace promises 2,000% return per month for investing in his "prime bank". This one seems like a steal, literally.

• SEC v. Ralph Wills, III and ProFinancial Advisors, Inc.
  $200 million bank notes were sold to local suckers, I mean investors. The scammers made a whopping $947,950 on this deal.

• SEC v. Ralph Wills, III and ProFinancial Advisors, Inc.
  More info about Ralph Wills and the people who love to hate him.

• SEC v. Zappa International Corporation, et al.
  100 gullible people "invested" $15 million in yet another "prime bank" scam.

• SEC v. Ronald M. Zook, et al
  60-216% per year was offered through this full-proof scam. It made the scammers $6 million, what could it do for you?

• SEC v. Paul Shingledecker
  Get a 1,250% return on a ten month investment with a $75,768 balloon payment at the end of the ten months. Just don't be surprised if someone is taking you for a ride.

• SEC v. Richard M. Simonson
  There has to be a better way to convince 4 people to give you $10 million and get minimal time in the pen.

• SEC v. Teddy Wayne, et al.
  This Dallas scammer claimed a 4,300% return annually on investments in his "prime bank".

• SEC v. Scott B. Walker, et al.
  25% return on investments guaranteed through the Zappa Program and their scammers. I bet they make their mommas proud.

• SEC v. Richard Warren and Associates, et al.
  1,600% within 66 days. Where do you think they come up with these figures anyways?

• SEC v. Louis Bethune, et al.
  I'd want my money to be guaranteed by "prime bank" securities too. Unfortunately there is no such thing! 

• SEC v. Louis Bethune, et al.
  Standard & Poors rates this "prime bank" (scam) an acceptable institution giving it "AA+ or higher."

• SEC v. Gene Block, et al.
  Ads on the internet promised 200-400% returns annually on investment in "prime banks."

• SEC v. Calvin Douglas Brace, et al.
  One hell of a fundraiser: $6.8 million total. That's a lot of M&M's.

• SEC v. Walter Clarence Busby, Jr.
  More info on Walter Clarence Busby and his $1 million scam.

• SEC v. D'acquisto Financial Group, Inc., et al.
  $7 million worth in "prime bank" securities sold to "investors." I feel like Dr. Evil in Austin Powers 2 with his "LASER."

• SEC v. Ellis L. Deyon, et al.
  Houstonian made a mere $512,000 from his scam, but has to give it all back. "Houston we have a problem (and its not the crappy baseball team this time)."

• SEC v. Ellis L. Deyon, et al.
  Oh, he made that money by promising 300% returns annually.

• SEC v. Kenneth E. Edwards, et al.
  In only 19 weeks get a return of 100-570% on investment in "prime bank" securities. This scammer made a cool $3 million for his efforts.

• SEC v. Martin Kaiden and the Martin Kaiden Company
  Surprise! A man that should be retired is still making money through scamming nice people like you and me, just with a lot more money and a nicer car.

• SEC v. Terry Koontz, et al.
  Made $19 million by promising a 1% weekly return. No big surprise, but the funds were used to buy a Cadillac, 2 Beemers, and a lot of jewelry. At least they have taste.

• SEC v. John D. Lauer, et al.
  Chicago Housing Authority becomes unlikely donor to the "Mr. Lauer and His Partners" charity. I think I've heard of them.

• SEC v. Jerome E. Pinckney, et al.
  Maybe they failed to mention, but were their investments really risk free?

• SEC v. Jerome E. Pinckney, et al.
  More information about the Pinckney scam.

• SEC v. Jerome E. Pinckney, et al.
  Scammer sanctioned for failure to appear at his disposition. Uh oh!

• SEC v. Jerome E. Pinckney, et al.
  You've seen this one before, nothing new.

• SEC v. Jerome E. Pinckney, et al.
  You can either invest $870,000 or $10 million as a minimum. You might get a 9% return, but the check will be in the mail for a very, very long time (or until you realize it was just a SCAM!!!!!).

• U.S. v. Joseph Polichemi, et al.
  Investors just might break even through a court order to repay the money.

• U.S.A. v. Joseph Polichemi, et al.
  The Chicago Housing Authority will almost give money to anyone, except those needing Houses in Chicago. Interesting.

• SEC v. Barnard Sackett, et al.
  The scammers managed to pry $100 million from one investor. Never invest that much money in anything, especially if you actually have $100 million.

• SEC v. Barnard Sackett, et al.
  Returns ranged from 360-528% annually.

• SEC v. Daniel E. Schneider, et al.
  Gold bullion backed this "prime bank", but since there is no "prime bank", there is no gold.

• SEC v. Advance Local Development Corporation, et al.
  If you are ever promised 2,600% return  per year, don't believe the scammer. This group raised $16.5 million through their "prime bank" con.

• SEC v. Alliance Leasing Corporation and Prime Atlantic, Inc.
  This guy actually deserves some credit. He managed to scam over 1,500 people and made about $46 million.

• SEC v. Austria Trust Company, Ltd., et al.
  $2.5 million was made by the company through their scam, but all of it was recovered.

• SEC v. Kenton Capital, Ltd., et al.
  WOW! Return of 34,200-1,200,000% were offered. And people actually bought it.

• SEC v. Kenton Capital, Ltd., et al.
  Same high return rates, but they only made $126,584.

• SEC v. Edward Snyder and Robert E. Carroll
  Scammers at it yet again with a 17-100% return rate for 5 years.

• SEC v. CBT-Ohio, et al.
  148 investors coughed up $6.4 million for this particular scam.

• SEC v. Concord Capital Enterprises, et al.
  $6.4 million scammed, $2 million of which was used to help others with their "prime bank" scams. What a nice guy.

• SEC v. Marshall Neil, et al.
  170 investors thought they would make a 100% return on investment in "prime bank". 

• SEC v. Elfinderpan, et al.
  "Tax consultant" thinks he's gotten away with $7 million dollars.

• SEC v. Phillip H. Ezell, individually and doing business as 21st Century Funding
  Not sure how much money was made, but they will be tried based on their plans for a would be scam and advertising their scam on the internet.

• SEC v. Phillip H. Ezell, individually and doing business as 21st Century Funding
  80% return per week was offered and the profits were "guaranteed," but never seen.

• SEC v. Funding Resource Group, et al.
  Is it that easy to scam Texans out of their money? Then again, Alex Rodriguez of the Texas Rangers should be asked that question.

• SEC v. Funding Resources Group, et al.
  Only 6-18% returns were offered. At least these numbers are more realistic.

• SEC v. Michael A. Huxley and Thorne Castle, Ltd.
  How to find 500 investors that will give you $7 million.

• SEC v. The Infinity Group Company, et al.
  $24.5 million made by scammers and quickly to be paid back after trial.

• SEC v. Jedi Group, Ltd., et al.
  Scammers get money, but can't pay it back to investors. Bad situation.

• SEC v. Kellin Investment Corp. and Orlando R. Landa
  More good ole boys from wine country scamming for $4.1 million.

• SEC v. Kathy S. Kingsmore
  She can hang with the best of them: $3 million was made from 34 investors. She even made a false bank statement showing $32 million already in her account. Too bad she was busted.

• SEC v. Terry Koontz, et al.
  $7.7 million made promising a 1% return per week for 40 weeks.

• SEC v. Terry V. Koontz, et al.
  Who is going to put millions of dollars into something called Private Pool anyways?

• SEC v. Lennox Investment Group, Ltd., et al.
  Return of 122.5% per week for 40 weeks? C'mon people!

• SEC v. Glen Eugene Miller, et al.
  200 investors were scammed out of $8.6 million.

• SEC v. Rob Nite, et al.
  Invest $50,000 and receive $40 million. Don't worry, there is no catch.

• United States of America v. Lynn Roy Oyler
  $3 million scammed from 260 gullible investors.

• United States v. Steven C. Roberts
  His $15 million "prime bank" scam will earn him 7 terms of 27 months imprisonment and a heavy fine.

• United States v. Kenneth Senffner
  Obstruction and criminal contempt, along with fraud will get this guy a long time.  As Nelson from the Simpsons would say, "Ha ha!."

• SEC v. Vincent Setteducate
  A mere $200,000 was made in this "prime bank" scam. The guilty will pay $300,000 and 2 years probation. 

• SEC v. Edward Snyder, et al.
  $516,000 made with 10-100% returns per month for up to 5 years.

• SEC v. Stewart, et al.
  3 lucky investors donated $1.7 million for "prime bank" instruments. How nice.

• SEC v. Stewart, et al.
  More info about the 3 lucky investors who might not see a payoff.

• SEC v. TLC Investments and Trade Co., et al.
  $159 million was raised by this company from more than 1,800 investors, mostly senior citizens.

• SEC v. TLC Investments and Trade Co., et al.
  Usually it's the senior citizens scamming us, what's going on here?

• SEC v. Daniel T. Todt, et al.
  Scammers want partners to invest in Mitsubishi Bank. Why capitalize off a crappy name?

• SEC v. Richard Warren and Associates, Inc., et al.
  $8 million was raised through this "prime bank" fraud, but $9.25 million is asked for reparation. Sounds to me like the court system is in need of some serious cash. What are they building a stealth?

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