Breaking news about scams going on in our community…
Alleged scam victims show up to court for confrontation – WPEC-CBS12
WEST PALM BEACH– “I came here today because I want my money back,” said Reynolde Chery who trekked to federal court Tuesday evening hoping to find George Theodule and get some answers as to where his $96,000 worth of investments went.
Fraud scheme run from Lake Worth-area office burns Haitian-Americans, SEC alleges
… Sheriff’s Office spokeswoman Teri Barbera said investigators with her agency initially looked into the issue when complaints began pouring in, but the Sheriff’s Office determined the scheme was too far-reaching and referred the information to the state Office of Financial Regulation…
South Florida Sun-Sentinel, December 31, 2008
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Government Wants Madoff in Jail Now – ABC News
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Different Worlds, One Scam – ABC News
Preying on Religious and Ethnic Ties, Affinity Scammers Can Target Anyone
SEC Pursues Ponzi Scheme Targeting Haitian-Americans
While there’s been much focus on the rich of Palm Beach, Fla., who became victims of an alleged $50 billion scam wrought by Wall Street fund manager Bernard Madoff, federal securities investigators have quietly moved on another Ponzi scheme in South Florida, much smaller in scope but similarly devastating.
While Madoff allegedly targeted well-to-do Jews, George Theodule and family members aimed for the pockets of Haitian-Americans in South Florida, according to the Securities and Exchange Commission, which filed a complaint (pdf) against him and two of his companies Monday. U.S. District Judge Donald Middlebrooks on Monday granted a temporary restraining order requested by the commission. He froze 25 of Theodule’s accounts in three banks and appointed attorney Jonathan E. Perlman of Genovese Joblove & Battista in Miami as receiver to locate and retrieve victim assets.
Theodule, who is accused of promising investors 100 percent returns within three months, also is named as a defendant in a proposed class action lawsuit filed in West Palm Beach federal court on Friday. Attorneys for the investors say Theodule’s network branched out across several states.
“This is almost the exact opposite of Madoff,” said Jared Levy, an attorney representing investors in the lawsuit. “His investors were the most sophisticated, wealthiest people and institutions. This defendant went the opposite way. He preyed on people with little investment experience and few assets, but most investors provided their entire life savings, whether it was $5,000, $10,000 or $20,000.”
Levy, who runs the West Palm Beach office of Dimond Kaplan & Rothstein, said Theodule or his employees would only accept cash for investments. No checks. No money orders. He said the law firm is still compiling the damage to investors nationwide but estimates the losses could exceed $100 million when all are tallied.
Besides Florida, Theodule is alleged to have worked a scam in Georgia, New Jersey, New York, California, Texas, Massachusetts and Nevada, Levy said. More than half of the investors reside in Florida, according to the lawsuit.
Judge Middlebrooks set a Friday hearing to allow Theodule to address why a preliminary injunction should not be issued against him.
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Dimond Kaplan & Rothstein, P.A. is Investigating Claims Against Creative Capital Consortium, George Theodule, and Others to Recover Investment Losses Suffered in a Rumored Ponzi Scheme
WEST PALM BEACH, Fla., Dec. 12, 2008 (GLOBE NEWSWIRE) — The securities law firm of Dimond Kaplan & Rothstein, P.A. (http://www.dkrpa.com/) announced today that it has been retained by clients to investigate possible claims to recover investment losses in Creative Capital Consortium accounts managed by George Theodule and others. It is rumored that Creative Capital Consortium, George Theodule, and others engaged in a massive Ponzi scheme, and that investors are believed to have lost millions of dollars.
If you have suffered losses in conjunction with funds invested with Creative Capital Consortium or George Theodule, you may contact the attorneys at Dimond Kaplan & Rothstein, P.A. for a free case evaluation.
Dimond Kaplan & Rothstein, P.A. is an AV-Rated law firm that represents investors nationwide in stockbroker misconduct and investment fraud cases. They have represented investors against most major Wall Street brokerage firms in claims involving stocks, options, hedge funds, mutual funds, and bonds. Again, if you have suffered losses in conjunction with funds invested with Creative Capital Consortium or George Theodule, or if you have suffered investment losses attributable to stockbroker misconduct, please contact Jared A. Levy, Esq. of Dimond Kaplan & Rothstein, P.A. at (561) 671-1920 or http://mailto:jlevy@dkrpa.com for a free case evaluation. You also may visit Dimond Kaplan & Rothstein, P.A. on the web at http://www.dkrpa.com/ or http://www.investmentfraud-lawyer.com/.
The Dimond Kaplan & Rothstein, P.A. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4684
Dimond Kaplan & Rothstein, P.A. Jared A. Levy, Esq. (561) 671-1920
Direct link: http://www.globenewswire.com/newsroom/news.html?d=156336
Keywords: Creative Capital Consortium, George Theodule, Ponzi scheme, George Theodule options
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Palm Beach County Sheriff’s Office warns of investment scam
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by Brian Haas
11:18 AM EST, December 10, 2008
The Palm Beach County Sheriff’s Office is warning of a west Lake Worth company suspected of defrauding Haitians in an investment scheme.
George Theodule ran a company called the United Investment Club and Creative Capital Concepts, said Teri Barbera, spokeswoman for the Sheriff’s Office. She said the company promised to double investment amounts that ranged from about $3,000 to more than $20,000.
Investors, mainly in the Haitian community, became suspicious last November and tried to recoup their money. But the offices were closed, Barbera said.
She estimated that more than 1,000 people in South Florida and beyond may be victims. Anyone who has dealt with Theodule is asked to call Agent Neptine Diejustie at the Florida Office of Financial Regulation at 305-536-0467.
Direct link to the story!: http://www.sun-sentinel.com/news/local/palmbeach/sfl-1210scam,0,4365779.story
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“Nou pran Ayisyin pou egare. Nap oue ki yes yo rele Ayisyin.”
by Facts
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Why don’t you answer the phone George? I do not need any else just my money with all profit. re member what you told us in Jully 2008, your banks freezed your accounts for investigation, llike WaMu and so and so. Do not come with any thing about loss okay? you take us for stupide but were are not boo boo!
See you soon
e ou ti manman sa ou ap fet ou te konnin club ou a te kraze ou kontine ap pran lajan nan min nou ala mechant ou mechan. ou ap oblige paret ensemble ak george, se ou ki te signin pou ranmase lajan nou yo pou ou ak jen nom nan, kote lot makomey ou la. tempri pa fet bouch moin pi long.
thank you cccopm1804!
may I have george L Theodule’s pictures and active phone number posted? i need to talk to George. Thanks.