The June Dirtbag Of The Month

His name is David Hawkinson and he's from my area. In fact, he lives a few blocks from me. He scammed a TON of money from people over the years. Most folks around here don't have a whole lot of money, and I know if I ever get any (hah-it'll never happen) I don't know the first thing about investing so I would have to trust somebody like him completely. He scammed little old lady widows out of hundreds of thousands of dollars for Christ's sake!

Here's the story: (AP) - A federal grand jury charged a man Wednesday with defrauding dozens of clients in Illinois and Florida of more than $1 million in an elaborate Ponzi scheme.

David C. Hawkinson, 56, allegedly promoted a bogus title loan business while working as a financial consultant at a Davenport, Iowa, brokerage firm, according to the 15-count indictment.

Without the firm's knowledge, Hawkinson allegedly used the money to operate a Ponzi scheme, which pays early investors with proceeds collected from later participants. He was fired from the firm in 2001 and the state of Illinois revoked his license to sell stocks and other securities.

Hawkinson was charged with three counts of mail fraud, two counts of wire fraud, eight counts of money laundering and two counts of prohibited monetary transactions.

See what I mean?

DIRTBAG!