Today in South Florida, 6 individuals got indicted for orchestrating a $21,000,000 stock fraud by operating 'boiler rooms' that sold worthless securities

I can honestly say that this is the VERY FIRST honest to goodness major organized crime 'type' case in years. Rarely nowadays do we ever hear of any crew pulling off stock frauds through boiler rooms like the old days of the mob. Let alone such a massive scam.

And although they didn't fly Italian surnames, dollars to donuts someone was involved. Or SHOULD HAVE BEEN! Lol

Shades of yesteryear?

As someone that lives in south Florida I can tell you that this is extremely common down here

THESE are the type of scams and rackets that Cosa Nostra should be concentrating on nowadays IMO.

White-collar stuff that makes the participants big, big money. NO violence. NO drugs or strong-arm shit. Scams!

It can make millionaires out of broketers overnight!

hmmmm. south florida, stock fraud...wonder if any of the guys were jewish????

LOL 100% It just reeks of Jews hahahaha

-Dante

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But often times those jewish guys are frontmen for wiseguys, thats been proven time and time again. But regardless, who cares?

My point being that that particular scam was one of the best 'mob like' rackets I've seen operated successfully in a long time. anywhere.
And $21-Million dollars earned? THATS a score. Not some BS $5000 shylock loan where they bust a guys head. Or a BS extortion or shakedown.

THIS WAS THE TYPE THING THAT CN SHOULD FOCUS ON. At least if they get pinched, it was for big money, not chump change!

Something smells Gelfikte fishy about this.

Three out of six of the people busted had Italian surnames.

Ahhh this news warms my heart. Just knowing it's still possible to pull off a large score in this day and age gives me hope. I like to think they're still out there, wearing Armani suit and making much more money than we assume

By the way, there is a Paul Geraci in the Genovese family. However, he is 54 and not 45.

But this is what they do.

https://gangsterreport.com/not-moun...-in-parking-lot-of-infamous-social-club/

I doubt everyone doing these scams is connected. But they could be, I am sure if wiseguys get wind of something like this you are doing they would want to "help" you, for a fee of course.

Absolutely. Any guy fucking around like this who welcomes them in is a fool. They'll eat em up and spit em out. Lol

Exactly Furio. And therein lies the difference.

Wow, bunch of scumbags in this thread huh?

It’s funny that in 2021, people still make jokes about Jews & money. I’d bet none of you losers can even tell me where that stereotype got it’s origin.

Go back to watching OAN and attending Trump rallies losers.

Hmm I see nothing wrong with what Mr. Scibelli did here. Sure it attracts LE, but people have to pay their debts.

Jews are known to be greedy, but that doesn't necessarily have to be a bad thing. Not sure why you're angry

Yes Ralphie,but at 53 y you are again collecting debts? If I was in the Mafia especially a Genovese made man at 53 y for sure I would have the experience to try something profitable racket.
But its to see that Onofrio a family capo call the springfield crew a bunch of woman,maybe for this reason.

Thats not the point. Of course the guys gotta pay. But if you loan a guy $5k and it balloons to $40k and you want it? LOL... you're just asking to get pinched.

By comparison, the stock guys made wheelbarrows of cash. THATS the difference!

Shylocking is great so long as you're not an asshole about it. There's guys who have shy'd for decades and never got pinched. Never even investigated for it. Made millions too! Then there's these kinda guys who loan 5k and fall because they wanna throw guys beatings

Its just stupid!

So loan sharks are good?

Mobsters are all noble?

Go tell that to Joe Generoso, hard working Italian immigrant that built up a booming bakery business, who got squeezed by Bill Cutolo, got help from Gambinos, paid $100k and then said fuck off only to get shot in the face at 4am while going to work.

This idea that most of these mob guys are just doing crimes without victims is ridiculous.

Nobody is claiming that

Another guy with six comments who comes to a board about gangsters so he can virtue signal...

rollseyes.gif

Anyone have the article

That’s like saying all of your family members are fa***ts because you are. Your painting an entire culture and race as greedy. Your outta your fucking mind
It’s literally the same thing as saying Italians are known to be scumbag criminals...

It would be so nice if we could enjoy a discussion about mob life without these Mother Teresas getting on their podiums preaching to us.

I’m half Jewish what do you expect. If someone was saying shit about your race you would say the same thing
And most wiseguys don’t have the intelligence to put this together and the ones that do already have done these scams or are doing them now and we just don’t hear about them. Remember federal resources fighting the mob aren’t what they used to be although there’s more resources from the law fighting this type of scam then they’re are investigating the mob. So it’s a double edged sword...

And this 21 million dollar scam started by them selling over the phone investments in a new gaming app
App was through SocialVoucher.com
And profits were probably in the 6-10 million range. They had to pay theyre people on the phone,managers,taxes, call center office rent,business internet,5-9 or whatever dialer they were using ,leads(which is the biggest expense,even bigger than payroll)etc etc

Jewish hoodlums in the old days were nobody's fools. And not to be fucked with either. Many people are under a very false impression that the jews were pushovers. Maybe today they aren't much, but back in the 1920s thru 1950s era they were are tough, and as well versed in mob life as anyone.

Why the hell do you think that Italians guys often partnered with them? And vice verse.

Because Italians and Jews made a great combination. Great partners!

Better than with the Irish, or any other ethnicity. FACT!

Thats been clearly documented through underworld history time and again.

https://www.justice.gov/usao-sdfl/p...tionwide-scheme-peddle-fraudulent-stocks


Department of Justice
U.S. Attorney’s Office
Southern District of Florida
FOR IMMEDIATE RELEASE
Wednesday, April 7, 2021
Six Individuals Charged with Multi-Million Dollar Nationwide Scheme to Peddle Fraudulent Stocks

Miami, Florida – Six South Florida residents were indicted by a federal grand jury on charges that they defrauded investors of approximately $21 million by falsely claiming that the investors’ money would go towards the development of a lucrative mobile gaming application that, in reality, never launched and generated no revenue. The fraud scheme operated out of Broward and Palm Beach counties, targeted victim investors across the country, and involved the use of telephone sales rooms (or “boiler rooms”).

Juan Antonio Gonzalez, Acting United States Attorney, Southern District of Florida, and George L. Piro, Special Agent in Charge, FBI Miami Field Office, made the announcement.

Gerald Parker, 78, of Juno Beach, Florida,
Michael Assenza, 44, of Boca Raton, Florida,
Paul Geraci, 45, of Parkland, Florida,
Ted Romeo, a/k/a “Ted Lamar”, 62, of Pompano Beach, Florida,
Paul Vandivier a/k/a “Dough Wright”, 61, of West Palm Beach, Florida,
and Cindy Vandivier a/k/a “Madison Brooke” a/k/a “Madison Brookes”, 64, of West Palm Beach, Florida, are charged with conspiracy to commit mail fraud and wire fraud. Parker, Geraci, Romeo, Paul Vandivier, and Cindy Vandivier are also charged with substantive wire fraud and conspiracy to commit money laundering. In addition, Parker, Geraci, Paul Vandivier, and Cindy Vandivier are charged with substantive money laundering. Parker, Paul Vandiver, and Cindy Vandivier are also charged with mail fraud.

According to the indictment, the six defendants fraudulently sold stock in a Florida company called Social Voucher.com, Inc. (“Social Voucher”) that was later referred to as Stocket, Inc. (“Stocket”). The indictment alleges that in 2013, Parker, the Chief Executive Officer of Social Voucher and Assenza, the Director of Technology, created Social Voucher to develop a mobile gaming application which was intended to combine online gaming and online shopping. Social Voucher was supposed to earn revenue from users of the mobile application buying products while using the application.

Parker hired boiler room salespeople, including Geraci, Romeo, Paul Vandivier, and Cindy Vandivier, to personally solicit investors and hire other sales agents to solicit, offer, and sell shares of Social Voucher stock to investors via telemarketing, according to the indictment. All six defendants allegedly informed investors that their money would be used to develop the mobile gaming application. But Parker, as alleged in the indictment, paid kickbacks and undisclosed commissions of thirty (30) to fifty (50) percent of the investor funds raised by the boiler rooms for Social Voucher that were concealed from the investors. Geraci, Romeo, Paul Vandivier, and Cindy Vandivier sometimes falsely held themselves out to investors as employees of the company.

The indictment further alleges that the defendants made a number of other material misstatements to the Social Voucher investors, including failing to inform investors that Parker in fact used investor funds to gamble at the casino; concealing Assenza’s criminal convictions for securities fraud and money laundering and Parker’s civil securities fraud judgment; and concealing prior regulatory fraud actions against Romeo, Paul Vandivier, and Cindy Vandivier. At times, according to the indictment, Romeo, Paul Vandivier, and Cindy Vandivier used aliases or names different than the names listed on the publicly filed regulatory actions against them when soliciting potential investors or answering investors’ questions.

The six defendants and others raised approximately $21 million in funds from Social Voucher investors. At no point did the Social Voucher mobile gaming application generate any revenue or profit.

An indictment is only an accusation and a defendant is presumed innocent unless and until proven guilty.

FBI Miami is investigating this case. This case is being prosecuted by Assistant U.S. Attorney Elizabeth Young. Assistant U.S. Attorney Emily Stone is handling asset forfeiture related to the matter.

The case is assigned to United States District Judge Rodney Smith in Fort Lauderdale, Florida. Geraci’s initial appearance is scheduled on April 7, Romeo’s initial appearance is scheduled on April 9, Assenza’s initial appearance is scheduled on April 9, and the other defendants have not yet been scheduled.

A copy of this press release may be found on the website of the United States Attorney’s Office for the Southern District of Florida at www.usdoj.gov/usao/fls.

Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case number 21-cr-60101.

Calm down,no jews looking the names anyway the stereotype about Jews arises because for a long time they were forced to do what Christians were forbidden to do, aka usury and the fact that much bussiness men are jews reinforces the stereotype,and anyway even between the jews exits the poors.

The only possible jew is Gerald Parker. That said, they did plan the crime at a jewish deli.

Im kidding ,,.. Louie, its all in fun. You are a good guy.

Correct, Louie. They're a dime-a-dozen. You can't swing a dead cat in South Florida without hitting a phone room or a halfway house, which, coincidentally, is where these types of rooms do most of their recruiting. But most of them are just owned and operated by vape smoking, scooter riding kids in "recovery." Everything from worthless supplemental health insurance to cruises and timeshares to extended auto warranties, sometimes all in the same room lol.