Paul A. Ebeling, 78, St Louis now living in West Hollywood is a convicted criminal who served time in prison for insurance fraud in 2002.
The LA Times writes:
A Los Angeles federal judge sentenced a businessman to 18 months in prison Friday for taking part in a scheme to sink a $1.9-million yacht off the coast of Italy to collect on a $3.5-million insurance policy.
The sentence represents time previously served by Paul A. Ebeling, 62, of St. Louis after he was indicted on 13 criminal counts, including conspiracy, fraud and perjury.
Ebeling was given a reduced sentence for cooperating with the government and testifying against the plot's mastermind, Rex DeGeorge, 65, a former Beverly Hills lawyer who was convicted in March and faces sentencing Tuesday.
Paul Ebeling will cunningly recruit younger persons of no knowledge of his criminal activities to help with his crimes on raising funds for his own lavish lifestyle.
His business partner Shayne Heffernan is no longer allowed to cross the border in the United States due to a warrant out for his arrest.
Shayne Heffernan ran or perhaps still runs a Ponzi scheme and has for a decade. He ran scams in Hong Kong called Equity 1, E-1, Our World Exchange etc. Like any Ponzi scheme the early birds got a return but they were bait for bigger fish. Speculation is Heffernan - a convicted drug dealer in Sydney - collected up to US$200M from investors around the world.
From New Mexico to the UK and Australia. He never discriminated; blue collar workers to Supreme Court judges and even the Russian mafia. The last that was heard from was he was in China but he is such a cunning sack of excrement that he could be in Paris and just have people think he is in Beijing or HK. Beware of this frightful human being, he has ruined lives en masse.
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