Archive for October 21st, 2009

BULLETIN: Richard S. Piccoli, 83, Sentenced To 20 Years In Prison For Ponzi And Affinity-Fraud Scheme

In a case that features some of the same elements of the alleged AdSurfDaily Ponzi scheme — a senior citizen as the operator, appeals to religion, the sale of unregistered securities, commingling of funds, seized assets and advertising materials that promised a payout — an 83-year-old New York man today effectively was sentenced to life […]

LAWSUIT: Madoff Had Prebust Cocaine Parties; ‘Spends Time’ In Prison With Mafia Crime Boss, Convicted Spy; Eats Pizza Cooked By Child Molester; Cell Mate Is Convicted Drug Dealer

LAWSUIT: Madoff Had Prebust Cocaine Parties; 'Spends Time' In Prison With Mafia Crime Boss, Convicted Spy; Eats Pizza Cooked By Child Molester; Cell Mate Is Convicted Drug Dealer

Bernard Madoff has made friends in prison and “spends time” with Carmine Persico, a reputed former Colombo crime family boss, and Jonathan Pollard, convicted of spying for Israel in a case that strained America’s relationship with Israel in the 1980s. Madoff’s cell mate is a convicted drug dealer, and Madoff eats pizza cooked by a […]