Investor Alert > First Nationle Solution LLC, United RL Capital Services, & Percipience Global Corp., Perry Santillo, Christopher Parris, Paul LaRocco, John Piccarreto, & Thomas Brenner—— Alleged Ponzi Scheme

Posted Jun 22, 2018

by Alan Rosca

First Nationle Solution LLC, United RL Capital Services, & Percipience Global Corp., Perry Santillo, Christopher Parris, Paul LaRocco, John Piccarreto, & Thomas Brenner—— Alleged Ponzi Scheme

First Nationle Solution LLC, United RL Capital Services, & Percipience Global Corp., Perry Santillo, Christopher Parris, Paul LaRocco, John Piccarreto, & Thomas Brenner Allegedly Ran a Ponzi Scheme which Defrauded Retiring Investment Professionals

Five investment advisers and three companies allegedly conned at least 637 investors through a $102 million Ponzi scheme and investor rights lawyer Alan Rosca is investigating the scam.

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, and promissory note issuers First Nationle Solution LLC, United RL Capital Services, and Percipience Global Corp. are now under an SEC asset freeze, the SEC states.

Santillo and Parris, specifically, would allegedly buy or take 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 convince said newly acquired clients 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 purportedly raised for these three issuers, the SEC reports.

Attorney Alan Rosca, of the Rosca Scarlato LLC law firm in the Philadelphia area, is investigating activity related to the aforementioned Ponzi scheme. Investors who believe they may have lost money in activity related to 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 are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Perry Santillo Allegedly Used Investor Funds for a Lavish Las Vegas Bash and Used Some of the Money to Commission the Writing of a Song Called King Perry

Perry Santillo, for example, rather than make suitable securities purchases, allegedly used some of the investor money to help commission the writing of a song calling him King Perry and later bragging about his expensive suits, according to SEC Reports under review by attorney Alan Rosca.

Marc Berger, director of the SEC’s New York Office, has 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… Investors should be on high alert whenever they are promised guaranteed returns.

Securities Lawyer Investigating

The Rosca Scarlato LLC 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.

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 attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

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