$350M off-shore Ponzi scheme arrests - Resort Holdings Intl

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Judge Roy Bean
Judge for the District of Quatloosia
Judge for the District of Quatloosia
Posts: 3704
Joined: Tue May 17, 2005 6:04 pm
Location: West of the Pecos

$350M off-shore Ponzi scheme arrests - Resort Holdings Intl

Post by Judge Roy Bean »

Michigan Busts Ponzi Scheme Targeting Seniors
Attorney General charges three over $350 million fraud

http://www.consumeraffairs.com/news04/2 ... ponzi.html

Any familiar names here?

Jeffrey Ron Mitchell, 39, of Walled Lake, Robert Valeri, Sr., 59, of South Lyon, and Robert Antonio Valeri, Jr., 32, of Canton allegedly participated with Indiana resident and scam mastermind Michael Kelly in a massive Ponzi scheme, selling time shares in the form of an unregistered security called a "Universal Lease" through a company called Resort Holdings International.

This thing has been running for years!
The Honorable Judge Roy Bean
The world is a car and you're a crash-test dummy.
The Devil Makes Three
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bmielke

Re: $350M off-shore Ponzi scheme arrests - Resort Holdings Intl

Post by bmielke »

arhusha wrote:What are some good reasons to stay in a resort? I am trying to decide whether or not to stay in a resort when I go on vacation this summer. What are the benefits of staying on a resort?
Watch this one, that's totally unrelated to the topic, seems like he could be a spammer. But on the off chance you're not, one of the benifits are hot chicks in bikinis, and lots of booze.
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