| Case Name Filing Site Contact | Defendants | Issuer | Nature of Case and Charges |
| SEC v. Tee To Green Golf Parks, Inc. et al. Western District of New York Kay Lackey
(212) 748-8079 | Tee To Green Golf Parks, Inc.; Steven Blumhagen;
Susan Blumhagen;
David Trotter;
Hanover Financial;
Donald Owens; and
Financial Security Group Insurance Agency, Inc. | Tee To Green Golf Parks, Inc.
Located: North Tonawanda, New York | The defendants raised $12 million in 1997 from more than 350 investors by selling 9-month promissory notes. Investors were told that money would be used to develop and operate golf practice facilities; however, the Blumhagens used at least $3.5 million for personal expenses and investments, and over $1.8 million was used to pay sales agent's commissions. |
| SEC v. Jamie P. Piromalli, et al. Southern District of Ohio Dan Gregus
(312) 353-7423 | Jamie Piromalli;
Steven Brewer;
A. Michael Jaillett;
Richard Mann; and
Seth Miller | World Vision Entertainment, Inc.
Located: Altamonte Springs, Florida | Raised at least $64 million from about 1,200 investors in 33 states from 1996 through 1999 by selling promissory notes. Most of the funds raised were spent on the personal and business expenses of its officers and directors, as interest and principal payments to prior investors, and as commissions to the sales agents. |
| SEC v. Skyline Group, Inc. et al. District of Minnesota Dan Gregus
(312) 353-3378 | Skyline Group, Inc.;
Robert Sheets; and
Mary West | Skyline Group, Inc.
Located: North Oaks, Minnesota | Raised over $3 million from 72 investors in 5 states from 1995 through 1999 by selling promissory notes that would purportedly provide a return of 20 times the principal (2000 % interest). |
| SEC v. Charles R. Homa, et al. Northern District of Illinois Bob Burson
(312) 353-7428 | 10 Issuers (see next column); D. Dean Pearson;
John "Ted" Snipes;
John Carlson;
Joseph Denson, Jr.;
Carlson National Brokers, Ltd; and
Global Management Enterprises, LLC Relief Defendants: Lindy Gause
Linda Nichols
Nichols and Associates | Pearson Enterprise Trust;
Paramount Holdings, LLC;
Premiere Holdings, LLC;
Preferred Returns, Inc.;
JTP, Inc.;
Tradewinds Holdings, LCC;
Peak Holdings, LLC; Harbor Holdings, LLC;
Rolls Royce, Ltd; and Morningstar, Ltd. | From 1996 though 1999, these 4 persons and their companies raised at least $114 million from hundreds of investors by selling promissory notes as part of a $314 million ponzi scheme. |
| SEC v. Tamarack Funding Corp. et al. Southern District of Florida Ched Dumornay
(305) 982-6362 | Tamarack Funding Corp., Texas;
Tamarack Funding Corp., Florida; and
Garry Isaacs Relief Defendants
Tamarack Capital Management Corp.
Tamarack Lenders Trust | Tamarack Funding Corp., Texas. Principal offices in Branson, Missouri Tamarack Funding Corp., Florida. Principal office formerly located in Fort Lauderdale, Florida. | From 1995 though February 2000, the defendants raised about $4.7 million from 125 investors by selling promissory notes with maturities of 12 months to 5 years. Investors were told that the funds would be used to buy car loans, but only $1.4 million was used for that purpose. |
| SEC v. Linda Ballou, et al. Middle District of Florida SEC v. Claude Cossu Eastern District of California Ivan Harris
(305) 982-6342 | Linda Ballou;
Claude Cossu;
Bruce Harlin; and
Ronald Wackler | Sebastian International Enterprises, Inc.
Located: Formerly of Longwood, Florida.
A court-appointed receiver is managing the entity. | From 1997 through 1999, these 4 defendants raised about $5.2 million from the sale of promissory notes to investors as part of a $17.7 million offering scheme. Sebastian's owners used most of the money to pay for their extravagant lifestyle. |
| SEC v. Woody Lowe, et al. Northern District of Texas Steve Webster
(817) 978-6459 | Woody Lowe;
Kurtis Lowe;
Jerry Ruyle; and
Robert Blackburn | Chemical Trust, f/n/a Alliance Trust Principal offices in Palm Beach, Florida; Birmingham, Alabama; and Seneca, South Carolina | From 1999 through January 2000, these 4 sales agents raised more than $4.5 million from about 75 investors by selling promissory notes, as part of a $40 million ponzi scheme. Prospective investors were lured into the scheme by advertisements of "FDIC Insured CD's, " but through "bait and switch" tactics, investors purchased promissory notes issued by Chemical Trust. |
| SEC v.First Capital Services, Inc., et al. Southern District of Florida Madeleine Blake
(617) 424-5926 | First Capital Services, Inc.;
Larry Schwartz;
Raphael "Ray" Levy; and
U.S. Capital Funding | First Capital Services, Inc.
Located: Boca Raton, Florida U.S. Capital Funding.
Located: Lake Worth, Florida | Raised about $55 million from more than 600 investors by selling 6-month promissory notes in this 1995 through 1999 "ponzi" scheme. The defendants falsely stated that the State of Florida had audited First Capital and determined it was sound. |
| SEC v. Pacific Air Transport, Inc., et al. Central District of California Karen Cook
(817) 978-6480 | Pacific Air Transport, Inc.; and
Robert B. Hirsch | Pacific Air Transport, Inc.
Located: Los Angeles, California | Running a "ponzi" scheme from November 1998 through September 1999, the defendants raised about $8 million from at least 250 investors. The defendants misrepresented Pacific Air's financial condition and business prospects. |
