Perry Santillo, Christopher Parris, Paul LaRocco, John Piccarreto, Thomas Brenner Allegedly Operated a $102 Million Via the Sales of Securities in Issuers of Three Companies they Controlled
Five men allegedly defrauded 637 investors in a $102 million Ponzi scheme nationwide. The Goldman Scarlato & Penny investor rights lawyers Alan Rosca and Paul Scarlato have launched an investigation into the alleged scam to identify potential loss recovery options on behalf of investors.
The five men, Perry Santillo, of Rochester, NY, Christopher Parris, also of Rochester, Paul LaRocco, of Ocala, FL, John Piccarreto, of San Antonio, and Thomas Brenner, of Orville, OH, allegedly operated their scheme via the sales of of securities in issuers they controlled, including First Nationle Solution LLC, United RL Capital Services, and Percipience Global Corp., according to an SEC Report under review by attorneys Alan Rosca and Paul Scarlato.
The aforementioned individuals allegedly told investors that their cash would be put into said companies, and some investors were even guaranteed dividends or double-digit returns, the SEC notes.
Attorney Alan Rosca, of the Goldman Scarlato & Penny PC 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, & Percip-ience 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, Christopher Parris, Paul LaRocco, John Piccarreto, Thomas Brenner Allegedly Made $38.5 Million in Ponzi-like Payments & Spent $20 Million on Personal Expenses
Said defendants, rather than investing investors’ cash into said companies, allegedly paid $38.5 million in Ponzi-like payments, made transfers of much of the remainder in transactions that appear unrelated to the issuers’ purported businesses, and spent $20 million for personal expenses, according to the aforementioned SEC Reports under review by attorney Alan Rosca.
As a result, the SEC filed charges and took out an asset freeze against the individuals and companies involved, the SEC states.
SEC filed a complaint in federal district court in Manhattan, which charges Santillo, Parris, LaRocco, Piccarreto, Brenner, and the three issuers with violating the antifraud provisions of the federal securities laws, and the court has granted the SEC’s request for an asset freeze and a temporary restraining order, the SEC notes.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lost 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 the aforementioned Ponzi scheme may contact attorney Alan Rosca 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