I need to take a break from our discussions regarding money laundering to discuss Kurt Barton.
Here is a link:http://www.statesman.com/news/local/barton-found-guilty-on-all-39-counts-of-1757300.html
Kurt Barton was a Triton Financial Chief executive who was found guilty of running a classic Ponzi scheme (we discussed Ponzi schemes earlier).
He defrauded hundreds of investors. In a new twist on this old scam, he used Heisman winning football players to raise money for his schemes and frauds. The football players were apparently taken in as well and lost their monies.
As we discussed during our postings regarding Ponzi schemes, there is nothing new under the sun. Evidence shows that Barton's employment of football players was just another way to run this old scam. People trusted the sports figures. But, as we discussed previously, this is a way in which a fraudster gains the trust of his marks - using figures whom people will trust.
Just another example of how the more things change, the more they stay the same. Barton is facing up to thirty years in prison.
As always, have a great and fraud-free day.
http://www.tauskvega.com
------------->>>>>>>>>>>>>>gene tausk
Here is a link:http://www.statesman.com/news/local/barton-found-guilty-on-all-39-counts-of-1757300.html
Kurt Barton was a Triton Financial Chief executive who was found guilty of running a classic Ponzi scheme (we discussed Ponzi schemes earlier).
He defrauded hundreds of investors. In a new twist on this old scam, he used Heisman winning football players to raise money for his schemes and frauds. The football players were apparently taken in as well and lost their monies.
As we discussed during our postings regarding Ponzi schemes, there is nothing new under the sun. Evidence shows that Barton's employment of football players was just another way to run this old scam. People trusted the sports figures. But, as we discussed previously, this is a way in which a fraudster gains the trust of his marks - using figures whom people will trust.
Just another example of how the more things change, the more they stay the same. Barton is facing up to thirty years in prison.
As always, have a great and fraud-free day.
http://www.tauskvega.com
------------->>>>>>>>>>>>>>gene tausk
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