Never give your money to a c(r)ook

Discussion in 'Wall St. News' started by stock777, Mar 30, 2010.

  1. First Wade, now this sack of shit

    A 37-year-old Minnesota man was charged Tuesday in federal court and accused of running a $190 million Ponzi scheme, U.S. Attorney B. Todd Jones said,

    Trevor Gilson Cook of Apple Valley, Minn., faces one count of mail fraud and one count of tax evasion. If convicted, he could be sentenced to up to 20 years in prison on the mail fraud charge and five years on the tax evasion charge.

    Cook was accused of running a scheme to defraud at least 1,000 people out of at least $190 million from January 2007 through July 2009 by purportedly selling investments in a foreign currency trading program.

    Prosecutors said he diverted the money for other purposes, including making payments to previous investors; providing funds to Crown Forex SA to try to deceive Swiss banking regulators; purchasing interests in two trading firms; buying a real-estate development in Panama; paying personal expenses, including substantial gambling debts; and acquiring the Van Dusen Mansion in Minneapolis.
  2. The first "red flag" should have been that the guy's first name is Trevor. :cool:
  3. JPope


    You should see some pics of this guy they've had in the various stories about this as it has developed. I'll try find some, but you're should have smelt something about as soon as you heard his name.
  4. pupu


    Apparently the supply of suckers willing to give their life’s saving to anyone offering high returns is never-ending.

    Greed rules supreme!