fraud
A Tale Of Epic Movie Proportions Comes To An End With The Last Guilty Plea
March 13, 2012 No Comment
A San Clemente investment company was involved in a movie scam which saw 9 defendants being charged with fraud. The case has now seen the entry of the last guilty plea from Robert Ramirez. The case involved the defendants raising funds for movies which were not anywhere in the production pipeline. The US Department of […]
Continue reading …St. Augustine, FL – Birkenstock-clad 60-something Lydia Cladek sponsored animal rescue charities to impress her Ponzi scheme victims. Their money went to the dogs and she ended up in a cage in Federal prison. The Florida scamster orchestrated a $100 million pyramid racket named after herself for over ten years, a jury found. She used […]
Continue reading …“Phantom” Ford Lauderdale Consultant Accused of Massive Ponzi Scheme Dissapears
February 25, 2012 No Comment
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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Two-time flim flam artist Nicholas Cosmo wants less jail time for himself. His ruined victims want more. The Ponzi scammer who ripped off investors both locally in New York and around the world is appealing his 25-year prison sentence but so far has not contested the $179 million he owes in restitution to the mostly […]
Continue reading …Scammer Steals Money from 82-Year Old Woman, Other Senior Citizens to Pay for Porsche, Luxury Mansion
February 13, 2012 No Comment
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 […]
Continue reading …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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