Ponzi Scam

SANTA ANA, Calif. — The SEC claims in a federal complaint that Kentucky Tennessee 50 Wells 400 BBLPD Block Limited Partnership and others ran a $2.4 million Ponzi scam through a boiler room.

Also named as defendants are Kentucky Tennessee 50 Wells 400 BBLPD Block LP, a Wyoming LLC; its founder, Carol J. Wayland aka Jodi Wayland, 80; her son and co-founder, John C. Mueller aka John Clark aka Bob Allison, 53, both of Newport Beach; HP Operations LLC and C.A.R. Leasing LLC, both purportedly Wyoming LLCs, based in Newport Beach; Mitchell B. Dow aka Dave Baker, 54, of Long Beach, a salesman who pleaded guilty to two federal counts of felony wire fraud in a telemarketing scheme in 1999; Barry Liss, 59, of Orange, a salesman; and Steve G. Blasko aka Steve Gerald, 47, of Costa Mesa, a salesman.