Joseph Gennaco, 68, of Winthrop, MA, also a resident of Jupiter, Fla., pleaded guilty to 11 counts of wire fraud and 16 counts of mail fraud in connection to an alleged investment scam that ran from 2001 to 2011. He will be sentenced May, 2013.
Gennaco was involved with several companies; Crescent Management Group, GCT Trust, Gennaco & Associates, and Oceanview Financial Services. According to federal prosecutors, Gennaco scammed over 20 investors out of $4.5 million dollars.
Federal prosecutors say that Gennaco told investors that their cash would go into “life settlements” and other insurance-based investments, when allegedly Gennaco used investors money to pay his own personal and business expenses.
If you experienced financial losses because of Joseph Gennaco, call Soreide Law Group, and speak to an attorney regarding potential recovery of your losses at 888-760-6552.
Soreide Law Group is investigating potential investor claims involving DCM US Multi-Family Homes PLC notes sold or recommended through Andbanc Brokerage LLC. They are also investigating sales or recommendations through Andbanc Advisory LLC. Additionally, they are reviewing sales or recommendations through BCI Securities, Inc., Boreal Capital Securities, LLC (also known as Mora Capital Securities), and […]
Soreide Law Group está investigando posibles reclamaciones de inversionistas relacionadas con los bonos de DCM US Multi-Family Homes PLC vendidos o recomendados a través de Andbanc Brokerage LLC, Andbanc Advisory LLC, BCI Securities, Inc., Boreal Capital Securities, LLC (también conocida como Mora Capital Securities). Por otro lado, Mora WM Securities, LLC también estuvo involucrada. Si […]
Contact Soreide Law Group for a Free Review of Your Potential Investment Loss Claim If your financial advisor recommended Creative Media & Community Trust (NASDAQ: CMCT) and you suffered substantial losses, you may have legal rights. A CMCT investment loss attorney can help you understand your options and pursue recovery. Many investors purchased CMCT believing […]
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