Ponzi scheme
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 […]
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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CHICAGO – U.S. District Judge David Herndon sentenced 58 year old Victoria McGee-Harris, a licensed insurance agent and securities broker operating from Swansea, to 17 ½ years in federal prison on charges of wire fraud and money laundering. McGee-Harris, who sold annuities and other financial instruments for MetLife, charmed over 50 investors, mostly elderly and […]
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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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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 […]
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