After investing a few thousand dollars, the New Jersey-based group focused on high-end real estate in gentrifying neighborhoods claimed, clients might see returns of at least 12 percent.
Neither O’Reilly nor Taylor—nor any other celebrity endorser—was charged with any offenses, and prosecutors did not indicate one way or the other whether they were aware of the firm’s alleged web of deceit. Neither immediately responded to requests for comment.NRIA and four of its former executives—including Salzano and Grabato—with bilking 2,000 investors by falsely promising to use their money to buy and develop real estate properties.
The SEC says that in reality, the group used the money “to pay distributions to other investors, to fund an executive’s family’s personal and luxury purchases, and to pay reputation management firms to thwart investors’ due diligence of the executives.
Well, the Ponzi schemers knew that Fox News collected the cult crazies. These zips are still sending money to Trump for his legal fees because 'Poor Trump has been picked on'. Why not fleece these Trump chumps?
Lock him up!
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