A Philadelphia story

May 13, 2011

Tyrone Gilliams is a commodities trader who likes to party hardy but is now being sued by an investor for fraud.

In terms of dollars, this case isn’t the biggest–the investor claims Gilliams misappropriated some $4 million and spent it on personal expenses. But the lawsuit reveals that apparent investment schemes continue to proliferate, even after the implosion of Bernard Madoff’s giant Ponzi scheme.

And what makes the allegations involving Gilliams so interesting is that for time, he was living out his life online for all to see–even sponsoring a glitzy charity event and promoting in an online video.

For more on Gilliams and this odd story read our Special Report in PDF form: http://link.reuters.com/kag59r

UPDATE: The embedded video of Gilliams promoting his “Joy to the World Fest,”

was taken down the afternoon of May 13, even though the video had gotten several

thousand hits since Reuters published its story.



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