The U.S. Securities and Exchange Commission said it halted a $50 million Ponzi scheme near Detroit that raised money for a real-estate investment fund and targeted the elderly. A federal judge in Michigan agreed to freeze assets after the SEC sued John Bravata, 41, and Richard Trabulsy, 26, claiming they lured more than 400 investors by promising 8 percent to 12 percent annual returns, the agency said today in a statement.
Posts Tagged ‘Gambling Debts’
SEC Halts $50 Million Ponzi Scheme
July 29th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: 1 Million, 50 Million, Assets, Bravata, Exotic Vacations, Federal Judge, Ferrari, Gambling Debts, Gillette, Jewelry, Luxury Homes, Maserati, Merri, Mortgage, Prospective Investors, Real Estate Investment, Real Estate Investment Fund, Regional Office, Securities And Exchange, Securities And Exchange Commission 
No Comments »Venture capitalist William “Boots” Del Biaggio III, 41, of San Jose entered his plea before U.S. District Judge Charles Breyer at a hearing
February 6th, 2009 Before You Invest former co-owner of the San Jose Sharks hockey team pleaded guilty Wednesday to securities fraud for bilking investors of millions of dollars in a series of schemes to help buy a stake in the NHL’s Nashville Predators and to pay off gambling debts. Venture capitalist William “Boots” Del Biaggio III, 41, of San Jose entered his plea before U.S.
Posted in Finance Fraud Tags: Account Statements, Bank Of Commerce, Boots Del Biaggio, Brokerage Account, Business Expenses, Credit Card Bills, Federal Prosecutors, Gambling Debts, Heritage Bank Of Commerce, Judge Charles, Luxurious Lifestyle, Nashville Predators, Personal Checkbook, San Jose Sharks, Securities And Exchange Commission, Securities Fraud, Unrelated Business, Venture Capitalist, William Boots Del Biaggio, William Boots Del Biaggio Iii Comments Off
