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

Posted Jun 20, 2018

by Alan Rosca

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

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 Rosca Scarlato 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 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, & 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 Rosca Scarlato LLC 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 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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