Five investment advisers and three companies allegedly conned at least 637 investors through a $102 million Ponzi scheme, according to recent SEC charges. Investor rights lawyers Alan Rosca and Paul Scarlato are investigating the alleged scam and preparing to take action on behalf of victimized investors.
Perry Santillo, 38, of Rochester, New York, Christopher Parris, 38, also of Rochester, Paul LaRocco, 55, of Ocala, Florida, John Piccarreto, 34, of San Antonio, and Thomas Brenner, 55, of Orville, Ohio, are charged with securities fraud. Promissory note issuers First Nationle Solution LLC, United RL Capital Services, and Percipience Global Corp. are now under an SEC-initiated asset freeze.
Santillo and Parris allegedly bought or took over books of business of retiring investment professionals from around the country, and then Santillo and Parris, or local salespeople, including Piccarreto, LaRocco and Brenner, allegedly convinced their newly acquired investors to withdraw their savings from traditional investments and invest in issuers controlled by Santillo, Parris or their associates, including First Nationle, Percipience and United RL, the SEC notes.
The majority of the more than $102 million raised in this fraud was raised for these three issuers, the SEC reports.
Attorneys Alan Rosca and Paul Scarlato of the Philadelphia law firm Goldman Scarlato & Penny PC are investigating the role of certain third parties in assisting the above-describedPonzi scheme. Investors who are concerned they may have lost money invested with Perry Santillo, Christopher Parris, Paul LaRocco, John Piccarreto, Thomas Brenner, First Nationle Solution LLC, United RL Capital Services or Percipience Global Corp are encouraged to contact attorneys Alan Rosca or Paul Scarlato with any useful information or for a free, no obligation discussion about their options, at 888-998-0530 or via email at firstname.lastname@example.org or email@example.com.
Perry Santillo, rather than invest the investors’ money as promised, allegedly used some of that money to help commission the writing of a song calling him King Perry that bragged about his “$10,000 suits,” according to SEC documents.
Marc Berger, director of the SEC’s New York Office, made the following statement:
We allege that the defendants engaged in a massive fraud and swindled investors to line their pockets with ill-gotten gains…
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Perry Santillo, Christopher Parris, Paul LaRocco, John Piccarreto, Thomas Brenner, First Nationle Solution LLC, United RL Capital Services, & Percipience Global Corp.’s alleged Ponzi scheme.
The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.
Investors who believe they lost money as a result of Perry Santillo, Christopher Parris, Paul LaRocco, John Piccarreto, Thomas Brenner, First Nationle Solution LLC, United RL Capital Services, & Percipience Global Corp.’s alleged Ponzi scheme may contact attorneys Alan Rosca or Paul Scarlato for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.