“A former Port Orchard man accused by the federal government of taking millions of dollars in a fraudulent investment scheme has been extradited from Poland and is now in jail, according to the U.S. Attorney’s Office of Western Washington.
Charles N. Bush, 68, is alleged to have accepted more than $30 million from investors who were told he’d taken a ‘vow of poverty’ and had placed the money in high-yield funds between 1998 and 2002.”
So writes Crime and Justice reporter Josh Farley in today’s story about an alleged investment scam that may have affected South Kitsap residents. Josh would like to hear from anyone who has had any dealings with Bush. E-mail him at jfarley@kitsapsun.com.
Here’s some more information from the story.
“Bush began his alleged scheme in Des Moines before moving to Port Orchard, where he operated investment entities called Hulaman Management Services (HMS), Global Dominion Financial Services (GDFS) and Cornerstone Institute.
His alleged scam kept going by using methods akin to a Ponzi scheme, in which to satisfy investors, he paid out large rates on return with investors’ original investments, not profits.
Federal prosecutors also allege that he ‘falsely represented his background, knowledge and experience,’ to tempt investors, and told them his offers were ‘exclusive’ to draw them in further.”
Gosh, a man with the last name of Bush being a criminal? Who’d a thunk it?
My note: I visited the Web site recommended below. In order to “report a bash” or get “insider information” you have to sign up as a member. Signing up is free. They say they are privately funded, so I would guess at some point members have the opportunity to donate to the cause. On the sign-up form, they ask for age and gender (mandatory) and also income and portfolio (optional). It seems on the up and up, but as it’s coming through our Web site, I want to tack on this disclaimer, “As with any online disclosure of information, exercise good judgment and healthy skepticism.” – CTH
we are an online community whose sole purpose is to put an end to stock manipulation. No more games and no more messing with your hard-earned money. Period.
We’ve had enough and we’re taking back control of our own investment dollars.
If you thought stock manipulation was and is illegal, you’re right. But, since manipulation is hard to prove, big league corporations can get away with manipulating and controlling the market, and some of them thrive on it.
The big bad ones are raking in billions of dollars every year, illegally, with no one saying a word. They think they are immune and safe, as indeed they are, unless someone does something to rock their boat.
Manipulators saturate the media with carefully worded information, even though they know it is either fully or partially false, because they know that what they put out there will create a false or misleading impression about the real state of the market. This false reality is intended to send other traders and investors into a panic to sell or buy a stock.
Enter BasherBusters.com. We’re here to give individual traders a free, accurate, instantaneous forum that can make a big impact on putting an end to market greed and on leveling the playing field for investors of all sizes. But we can’t do it alone. Voice your opinions, report the disparities you find, and use us to check up on what you’ve heard elsewhere. Help us keep “them” honest.
And by the way, since we’re privately funded, you can be sure we are not for sale and we never will be.