11 Boiler Room Telemarketers Charged with Business Opportunities Fraud
The Department of Justice announced "the unsealing of a Superseding Indictment against nine (9) defendants and the return of a separate Indictment against two (2) additional defendants, charging them with fraud in connection with their participation in fraudulent business opportunity sales. The Indictments announced today are part of a continued series of prosecutions aimed at cracking down on business opportunity fraud".
The two companies charged are Pantheon Holdings and Cash Link. The following individuals have been charged: Jay Mayne, a/k/a "Jay Maine," Blake Ladenheim, Mark Pelle, Kathy Eidelstein, a/k/a "Kathy DeAngelis," Michael Press, Sanford Gold, Jeffrey Kuba, a/k/a "Jeffrey Cooper," Frank DePierre, a/k/a "Frank Dupree," Eric Bridges, and others engaged in the fraudulent sale of business opportunities through Pantheon.
It will be interesting to see what sort of jail time is handed out in these cases.Technorati Tags: business opportunity fraud, fraudulent business, jay maine, pantheon, indictment, jeffrey cooper, business opportunities, cash link, indictments, mayne, department of justice, pelle, kuba, sanford, cracking
