19 Indicted on Charge of Running Mob-Run Boiler Room

Share this content:
Federal prosecutors have indicted 19 people alleging they operated a mob-run telemarketing scheme in South Florida that bilked consumers of $11.7 million.


The suspects operated out of "boiler rooms" -- a term used to describe illicit call centers -- in Boca Raton, Delray Beach and Margate. The suspects victimized hundreds in a phony foreign-exchange market investment scam, according to the charges, released Wednesday by the U.S. attorney general's district office in Miami.


Accused of heading the operation was Anthony Graziano, to whom the indictment refers as an underboss and consigliere in the Bonnano crime family. Graziano was arrested in New York on March 19, according to reports in the Palm Beach Post.


The newspaper also reported that attorneys for several of those indicted claimed that their operations were legitimate telemarketing businesses.


Four companies, including International Fortune Inc., International Exchange Inc., New World Exchange Inc. and Lamat Investments Corp., were involved in the scheme, according to the indictment. The companies offered to use investors' money to buy and sell foreign currency for investors, but instead kept money they obtained without investing it as they had promised, prosecutors charged.


An additional 10 people also were indicted on charges unrelated to the telemarketing operation.


Loading links....
close

Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here