FOR IMMEDIATE RELEASE
OCTOBER 30, 2008
WWW.USDOJ.GOV
CRM
(202) 514-2008
TDD (202) 514-1888
MULTI-MILLION DOLLAR PONZI SCHEME OPERATOR CHARGED WITH WIRE FRAUD IN CONNECTION WITH FRAUDULENT SALE OF CONSUMER ELECTRONICS
R. Alexander Acosta, United States Attorney for the Southern District of Florida, and Jonathan I. Solomon, Special Agent in Charge, Federal Bureau of Investigation (FBI), announced today’s filing of an Information charging defendant Andres Leonel Pimstein, 48, of Miami-Dade County, with wire fraud in connection with the operation of a multi-million dollar “Ponzi” scheme, in violation of Title 18, United States Code, Section 1343. The case will be heard before United States District Judge Adalberto Jordan. Pimstein is scheduled to make his initial appearance before a United States Magistrate Judge on November 12, 2008. If convicted, Pimstein faces a maximum term of imprisonment of 20 years and a $250,000 fine.
According to the Information filed in court, from approximately March 2005 through early 2008, Pimstein solicited individuals to invest in a business venture involving the purported sale of consumer electronics, – namely, the Apple iPod®– to Ripley Corp. S.A., a department store chain based in Chile. Pimstein told investors that he planned to wholesale-purchase the iPod® and other electronics and sell them to Ripley at above-market rates. Pimstein promised investors annual returns ranging from 18% to 36% to be paid in monthly installments.
Pimstein solicited investors into numerous corporations created for operating the scheme, including The Bottom Line of South Florida, Inc., and Summit Trading LLC. During the scheme, Pimstein is alleged to have offered some of the investors the opportunity to earn additional proceeds by recruiting new investors. In exchange for a commission fee, these investors formed independent corporate entities from which to solicit and receive new investor funds.
To execute the scheme, Pimstein allegedly created false invoices to document the purported purchase and sale of various consumer electronics. In fact, however, he did not purchase anything for subsequent sale for profit to Ripley or anyone else. Instead, Pimstein used the investment capital he received from some investors, intended for product purchases, to pay monthly returns, “interest payments,” and distributions to other investors who sought to withdraw their money. This is called a “Ponzi” scheme. Pimstein also used the investment capital her received for how own personal expenses, including residential mortgage payments, automobile note payments, and child support.
As a result of the scheme, Pimstein raised at least $30 million. At least 85 of the scheme’s investors lost more than a total of $20 million in investment capital.
In addition to the criminal charges, the Miami Regional Office of the Securities and Exchange Commission today filed a civil complaint in the United States District Court against Pimstein, The Bottom Line of South Florida, Inc., and Summit Trading LLC in connection with the “Ponzi” scheme described above. The SEC complaint seeks permanent injunctions, an accounting, disgorgement, and civil penalties.
Mr. Acosta commended the investigative efforts of the Federal Bureau of Investigation, as well as the cooperative efforts of the Securities and Exchange Commission’s Miami Regional Office. This case is being prosecuted by Assistant United States Attorney Jeffrey E. Tsai.
Regarding the blog Feb 26, 2008 asking if Skyler Hinkle is on the “up and up”: The blog was clearly posted by someone trying to tarnish the reputation of an honest business man, therefore we will blog the truth, that we have paper documented proof, which is backed up by executed contracts between two attorneys, one on behalf of Skyler, the other on behalf of Theodule, and is available for all the world to see regarding the one and only transaction Skyler ever had with Theodule. FACT: Skyler had a co-development agreement along with two other developers in the Orlando area on a 325 unit hotel condominium development project that George Theodule attempted to purchase the land on. Skyler’s attorney backed him out of the project when construction funding was noted to be nearly impossible to obtain at that time. After backing out of the codevelopment for the Orlando project, Skyler has never spoken to Theodule since. Any other blog’s or statements made in this blog where Skyler reputation is being examined will be of high interest to Skyler’s attorneys. I should know, I worked for him over five years and he’s a paperwork and documentation fanatic. I am paid to keep an eye on this site for issues just like this where he or his wife are mentioned in any content.
k
Regarding the blog Feb 26, 2008 asking if Skyler Hinkle is on the “up and up”: The blog was clearly posted by someone trying to tarnish the reputation of an honest business man, therefore we will blog the truth, that we have paper documented proof, which is backed up by executed contracts between two attorneys, one on behalf of Skyler, the other on behalf of Theodule, and is available for all the world to see regarding the one and only transaction Skyler ever had with Theodule. FACT: Skyler had a co-development agreement along with two other developers in the Orlando area on a 325 unit hotel condominium development project that George Theodule attempted to purchase the land on. Skyler’s attorney backed him out of the project when construction funding was noted to be nearly impossible to obtain at that time. After backing out of the codevelopment for the Orlando project, Skyler has never spoken to Theodule since. Any other blog’s or statements made in this blog where Skyler reputation is being examined will be of high interest to Skyler’s attorneys. I should know, I worked for him over five years and he’s a paperwork and documentation fanatic. I am paid to keep an eye on this site for issues just like this where he or his wife are mentioned in any content.
Pour toi Ed
Ed
we have a long history
you and I,
even before
Karenne was at the Ecole Jeanne-Normandin.
Why would you do this to me of all people.
I really thought you loved me.
Why, did you do this to me?
I am still and will always be in love with you,
let Karenne know the truth because I will take you back.
I will, I will , I will,
I love you.
I will take care of you even if you go to prison.
Let her know that what we have is for life !
Don’t Be Fooled
Victims be vigilant and alert,
I was at the rally, you all tell the truth! Yes, we went peacefully and the police made us leave peacefully. They said if we come back, we will get arrested.
There was no complaint forms that was passed to anyone.
Someone from the rally went to hide, far away when the police came by.
Don’t risk being arrested!
Don’t risk that !
I was there and I know we want to get our money, but it is not worth having a police record and have to get bailed out!
SOMEONE JUST GOT SHOT AT THE RALLY!
Gucet Francois 561-536-8970
Address: 3796 42nd Ave. S
Lake Worth, FL 33461
gucet2000@yahoo.com
Gucet Francois is a knife with four points. He tries to play all sides of the fence so to get everyone against each other and for him to be innocent. So, I am letting all the shit out now.
Gucet told me that he is so in love with Dorothy that he will do everything in his power to make George look bad so she can leave him.
He worked for CCC as a spy; he spied and told on veryone and got most people fired or got one to hate each other.
He said Sharon Hogarth is a drug and alcohol abuser.
He said Monia Emilcar is sleeping with the members for private in formation.
He said Yolette is a bitch and a control freek.
He said Mario is a geek.
He said Julius is Gay
He said Skyler Hinkle is a thief and he prostitutes his wife, Rosa for money.
He said Josue Salomon is the biggest mortgage crook along with Ron.
He said Virgil is gay and he came tothe company to exploit and to steal.
He said Mark Rene brought women to George all the time in order for them to spy.
He said Mark Rene is the biggest thief the world has known. He ran a background check on Mark Rene and publicised the fact that Mark Rene is on probation for killing a man and he is working to get off the charges by telling the officials anything he knows of the presidents of the clubs and CCC.
He ran a background check on Casimir Robert and pasted it all over Fl to show that Cas was found guilty of theft and robbery.
He said that Dan Lavan is a thief and stealing from CCC is his biggest sucess.
He said that Gerard Jean Pierre sleeps around on his wife and that Gerard Jean Pierre admitted to him that he indeed slept with Michel St Juste.
He said that John Rene is working with Mark Rene to steal and Embezel money with their club.
He said that Frantz Vilce got reprimaned from his churchl for stealing and theft of the members of the church.
He even went as far as telling on his mother! He said he gave his mother a car that George gave him and he pays for her place that she stays, and yet she asks him for money all the time.
He even told on Amos, his brother. He states he is a crook who stole thousands from people and that he would be happy if his brother lost the money he invested because he never shared the money with him.
He even told on his brother who lives in Canada, he said that his brother is a drug dealer who escaped the states to go hide from the feds with all the millions he made. That he does not give a damn about his brother because he does not take care of anyone in the family, but his ugly wife.
He tells on Marie Alexandre and say that she is the one who started this blog because George chose Dorothy over her.
He talks even about that Marie’s sister in law, Gabrielle and say that she is the dumbest lawyer he has ever met.
He tells on even my husband who is never involved in mess.
He told me that George would have had the money to pay if he did not trust in so many of his untrustworthy founders like Magda Dominique, Mireille Victor, and Roger Terma who stole half of the money they were given.
He talked about how when he went to jail that the members of the wbc club let the police take him without telling one good word on his behalf. He ended up going to jail for punching a member on her face.
He told on Junior that he is a pimp and has girls work his house daily.
He talked on Kobert and on Jude Edmond and on Duckens.
He is supposed to be a Jehovah, but he is the number one hater I have ever met.
Yes, Gucet, this is for you! Stop with your lies and all the double dipping back stabbing you have done.
He is the bad apple that was damaging all the rest. I know for a fact that he went to Canada to hide $250,000.000 that he received as drug money when tried to invest it in WBC, they told him no, they don’t accept cash, so he started going against everyone.
Gucet you are no good!
You will pay for all the enemies you created.
How can you say that you are Jehovah, they are supposedly honest, God fearing people.
You make me sick!
Don’t call me anymore, you came to my house, I fed you and put perm in your kinky hair since you appeared nice to me, my husband gave you ride everyday to work, and still you dog him out with everybody. Shame on you , shame on you, shame on you!
WAP PE SA CHE GUCET, MOUN YOU PA MERITE SA.
Gucet Francois se on ti cochon. si ou pa kwe, gade feil doule li ak je droit li.
Gucet is a little pig if you do not trust why i say look at his hanging water dropping lips and his right eye.
rumor has it he is a new founded gay. Mark Rene and Virgil break him in.