- Dodd Proposes Creating Financial Stability Agency
- Fed Officials Warn About Job Growth, Weak Recovery
- Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
- Consumers' Mood Improves, But Will Sales Follow?
- New Lows for Stocks Next Year: Equities Bear
- AIG Moving Toward Repaying Bailout: Moody's
- Peak Oil Closer Than IEA Forecasts Show: Report
- Buffett and the Crisis: 'Brilliant Moves...Surprising Errors'
- Attention Travelers: America Is Now On Sale
- Back Off, Regulators!
- America Is On Sale
- Warren Buffett and the Crisis: 'Brilliant Moves Interspersed with Some Surprising Errors'
- Schork Oil Outlook: More Strength in Crude
- Chrysler Makes Smart Call Staying Unplugged—For Now
- Your Next Move: Thriving and Managing in Limbo
- Yankees Team Signed Ball Selling For $3,500
- Pociask: In The Electronics War Does The Consumer Really Win?
- Why are Options Bullish on This Smartphone Maker?
MOST SHARED
- Pociask: In The Electronics War Does The Consumer Really Win?
- Peak Oil Closer Than IEA Forecasts Show: Report
- News Corp. May Pull Content From Google Searches
- Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
- AIG Moving Toward Repaying Bailout: Moody's
- Justices Poke Fun at Patents for the Abstract
- Can Apple Top Microsoft as Most Valuable Tech Firm?
- Home Prices Sank Further In Most Parts of US in 3rd Quarter
Text Size 
The Securities and Exchange Commission obtained a court order halting an alleged Ponzi scheme by Hawaii-based Billions Coupons and its CEO Marvin R. Cooper that was targeting members of the Deaf community in the U.S. and Japan.
The SEC alleges Billions Coupons and Cooper raised more than $4.4 million from 125 investors since at least September 2007 by holding investment seminars at community centers for investors who were deaf.
The SEC is also alleging that Cooper pocketed at least $1.4 million in investor funds to pay personal expenses as well as purchase a new home.
This is the latest in a series of investor Ponzi schemes uncovered since the mammoth $50 billion investment fraud caused by Bernard Madoff was revealed in December.
More From CNBC.com:
Print
Email
- From politicians to CEOs to companies, here's your chance to vote for the winners and losers of 2009.
- With prices well below peak, gems could add some sparkle to your investments.
- On the anniversary of the fall of the Berlin Wall, many in the former Eastern Bloc recall communism fondly.
- Do free market libertarians really believe what they say about ethics and shareholder value? The Big Money takes a look.
- The opening of a virtual pet store in “World of Warcraft” could prove a cash bonanza for Activision-Blizzard.
- The health care reform bill that passed the House on Saturday will have a much harder time in the Senate.
Data is a real-time snapshot *Data is delayed at least 15 minutes