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Re: 6 get busted in $21 Million dollar Stock Fraud
[Re: NYMafia]
#1009527
04/12/21 02:30 PM
04/12/21 02:30 PM
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Joined: Mar 2013
Posts: 1,861
Louiebynochi
Banned
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Banned
Underboss
Joined: Mar 2013
Posts: 1,861
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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
Last edited by Louiebynochi; 04/12/21 02:33 PM.
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Re: 6 get busted in $21 Million dollar Stock Fraud
[Re: DanteMoltisanti]
#1009551
04/12/21 10:18 PM
04/12/21 10:18 PM
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Joined: Sep 2019
Posts: 12,482
NYMafia
OP
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OP

Joined: Sep 2019
Posts: 12,482
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hmmmm. south florida, stock fraud...wonder if any of the guys were jewish???? LOL 100% It just reeks of Jews hahahaha -Dante ------- 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!
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Re: 6 get busted in $21 Million dollar Stock Fraud
[Re: NYMafia]
#1009573
04/13/21 08:04 AM
04/13/21 08:04 AM
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Joined: Feb 2014
Posts: 855
Fleming_Ave
Underboss
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Underboss
Joined: Feb 2014
Posts: 855
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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.
Last edited by Fleming_Ave; 04/13/21 08:05 AM.
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Re: 6 get busted in $21 Million dollar Stock Fraud
[Re: ralphie_cifaretto]
#1009582
04/13/21 08:51 AM
04/13/21 08:51 AM
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Joined: Nov 2010
Posts: 7,499 naples,italy
furio_from_naples
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Joined: Nov 2010
Posts: 7,499
naples,italy
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Exactly Furio. And therein lies the difference. Hmm I see nothing wrong with what Mr. Scibelli did here. Sure it attracts LE, but people have to pay their debts. 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. 
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Re: 6 get busted in $21 Million dollar Stock Fraud
[Re: ralphie_cifaretto]
#1009583
04/13/21 08:51 AM
04/13/21 08:51 AM
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Joined: Sep 2019
Posts: 12,482
NYMafia
OP
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OP

Joined: Sep 2019
Posts: 12,482
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Exactly Furio. And therein lies the difference. Hmm I see nothing wrong with what Mr. Scibelli did here. Sure it attracts LE, but people have to pay their debts. 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!
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Re: 6 get busted in $21 Million dollar Stock Fraud
[Re: TSNYC]
#1009589
04/13/21 11:16 AM
04/13/21 11:16 AM
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Joined: Jul 2012
Posts: 2,231
TheKillingJoke
Underboss
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Underboss
Joined: Jul 2012
Posts: 2,231
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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
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Re: 6 get busted in $21 Million dollar Stock Fraud
[Re: ralphie_cifaretto]
#1009596
04/13/21 12:36 PM
04/13/21 12:36 PM
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Joined: Mar 2013
Posts: 1,861
Louiebynochi
Banned
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Banned
Underboss
Joined: Mar 2013
Posts: 1,861
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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. Jews are known to be greedy, but that doesn't necessarily have to be a bad thing. Not sure why you're angry 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...
Last edited by Louiebynochi; 04/13/21 12:42 PM.
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Re: 6 get busted in $21 Million dollar Stock Fraud
[Re: DillyDolly]
#1009604
04/13/21 01:12 PM
04/13/21 01:12 PM
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Joined: Mar 2013
Posts: 1,861
Louiebynochi
Banned
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Banned
Underboss
Joined: Mar 2013
Posts: 1,861
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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
Last edited by Louiebynochi; 04/13/21 01:25 PM.
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Re: 6 get busted in $21 Million dollar Stock Fraud
[Re: NYMafia]
#1009617
04/13/21 02:14 PM
04/13/21 02:14 PM
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Joined: Nov 2010
Posts: 7,499 naples,italy
furio_from_naples
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Joined: Nov 2010
Posts: 7,499
naples,italy
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https://www.justice.gov/usao-sdfl/p...tionwide-scheme-peddle-fraudulent-stocksDepartment 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 roomsâ€). 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 Lamarâ€, 62, of Pompano Beach, Florida, Paul Vandivier a/k/a “Dough Wrightâ€, 61, of West Palm Beach, Florida, and Cindy Vandivier a/k/a “Madison Brooke†a/k/a “Madison Brookesâ€, 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 Voucherâ€) that was later referred to as Stocket, Inc. (“Stocketâ€). 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.
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Re: 6 get busted in $21 Million dollar Stock Fraud
[Re: Louiebynochi]
#1009621
04/13/21 02:29 PM
04/13/21 02:29 PM
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Joined: Dec 2006
Posts: 23,296 Throggs Neck
pizzaboy
The Fuckin Doctor
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The Fuckin Doctor

Joined: Dec 2006
Posts: 23,296
Throggs Neck
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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 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.
"I got news for you. If it wasn't for the toilet, there would be no books." --- George Costanza.
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