Michael Stancey

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Michael
Entries posted by Michael

ORMOND BEACH, FL – Tomas Loebel, 57, once owned Daytona Plastix Inc.  but today he is in the news for his Ponzi scheme which helped him cheat his own friends of more than $1 million.  He was sentenced to 15 years in prison for his  scam. Loebel, a businessman from Ormond Beach pleaded no contest […]

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Soft-spoken, well-dressed consultant, George Elia, ran an investment advisory business, International Consultants & Investment Group Limited Corp., that apparently produced returns of 4 to 7 percent a quarter for satisfied clients since 2005, through the purchase and sale of stocks. Used to meeting him for lunch at The Capital Grille restaurant in Fort Lauderdale, little […]

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Gabriel Viramontes, a 49 year old man from Elk Grove, was found guilty of organizing a mortgage fraud scheme.  Viramontes was found guilty of perpetrating this fraud on at least 19 homes with loans upwards of $8 million.  The sentence of four years and 9 months in prison was handed down by US District Judge […]

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Michael Joseph Krzyzaniak, 63, has been sentenced to 151 months in prison, the maximum allowed, for having scammed investors of $26 million. Krzyzaniak, a Twin Cities man was sentenced in federal court in Minneapolis. He perpetrated this scam by claiming celebrity endorsement. One of the celebrities in question here was pro golfer Phil Mickelson. Krzyzaniak […]

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STATEN ISLAND – New York businessman Joseph Mazella drove a Porsche, lived in an opulent mansion, and was a successful real estate businessman.  At least, that’s what he wanted his victims to believe, so he could more easily part them from their money.  Among his victims were many unsophisticated senior citizens, including an 82-year old […]

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WASHINGTON – Major banks that reached the $25 billion settlement with government officials have attempted to negotiate a deal where federal and state prosecutors agree not to press criminal charges against them.  Several state and federal prosecutors have balked at this agreement. Banks cannot buy their way out of criminal charges for fraudulent or abusive […]

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CLEVELAND – County prosecutors exposed what they claim to be the nation’s largest mortgage fraud case, involving over 500 real estate transactions and fraudulent loans of $44 million. Uri Gofman, 39, a Beachwood resident accused of being the mastermind behind the scheme, pled guilty to fraudulent mortgages that resulted in $31 million in profits.  Gofman […]

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Seattle Ponzi schemer Darren Berg knew how to live large.  He owned an opulent, waterfront mansion on Mercer Island, complete with docks where he moored his boats. One of his boats was a 53-foot yacht.  The mansion cost Berg $5.5 million.  He spent an additional $5 million to remodel it.  On top of this, Berg […]

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HOUSTON – Fallen financier Allen Stanford’s trial is unveiling the details of his alleged $7 billion fraudulent investment scheme.  Stanford’s minions described how the attempts to hide the red flags surrounding the former Texas tycoon’s alleged scheme grew increasingly desperate as federal investigators closed in on him. James M. Davis, who was Stanford’s former chief […]

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