MyTwoCensus Investigation: Detroit Ponzi Schemer STILL employed by Census Bureau
Despite being indicted in Michigan in June, 2010, Toine Murphy, a one-time basketball player turned US Census Bureau partnership specialist (and apparently a major Dwight Dean crony) is STILL employed by the Census Bureau. As MLive.com reported back in June:
Michigan’s Office of Financial and Insurance Regulation today announced it has shut down a $1.9 million Ponzi scheme after records showed sales of securities products were used to fund shopping sprees and trips to strip clubs.
Investor Martin Royster, a partner in Royster, Carberry, Goldman & Associates, was accused of “promising outrageous returns” of up to 240 percent annually in a fraudulent oil investment company, according to OFIR
OFIR’s investigation showed that Royster’s wife, April Royster, Toine Murphy, Lloyd Banks III, Shannon Steel and Royster’s firm all were associated with the sale of unregistered securities products, a violation of the state’s Uniform Securities Act.
Mr. Murphy has not returned calls or e-mails, but it has been confirmed by a secretary at the Detroit Regional office that Murphy “works from home” but stops by the office “almost every day.” Mind you, Census Bureau “partnership” activities finished in early June, and in mid-August with Census forms all returned, who knows what this guy isdoing while remaining on the government’s payroll…
Burton Reist, the Census Bureau’s Associate Director for Communications, denied any knowledge of this situation.
Stay tuned for more!