DFS Arrests Two S. Fla. Agents in $1.2 M Ponzi Scheme

May 17, 2005

  • August 13, 2006 at 12:19 pm
    1C3 says:
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    I have read this column and cannot believe all of you that cannot get your stats correct. steven and joyce don\’t know honest, they tell so many lies that they believe the lies are true. (remember WW is a small town) you can only burn so many people before it catches up with you. oh yea i forgot thats why you moved to FLA! And now you got caught so just for once pay your dues for your dishonest deeds. and be done with it.
    If steve was innocent why did his family refuse to re mortage their houses (again) to get him out of trouble,(thats from his family) that he has to learn that he cannot keep giving into Joyce and her needs. so who lying? (WW is a small town)
    after reading some postings: Joyce gave up a child when she was young ( to save face) She Married her first Steven had Amanda and Steven, then dumped him when he was dionosed with cancer. Steven left his first wife when she had their son Steven. Beacause the son wasn\’t healthy (is emotionly challenged) he was also cheating on his first wife while she was in the hospital with their sick son. (yes it was with Joyce) Then the 2 high school sweat hearts got together to live the fantacy life. with their 2 children, (yup left his son-behind) why did they leave RI, oh yes an insurance fraud investigation! Go figure!
    and all of you that dish WW – remember Steve and Joyce\’s parents still live there! and also the people (the grand parents of C, who trusted the home town boy) live there, or as i read may not be able to stay there because of the lack of retirement funds stolen by steven. And as far as i read C doesn\’t live in WW, her grand parents do, so dishing WW doesn\’t hurt her! face it there is more behind joyce and steve than meets the eye. don\’t get fooled by the bling! (most of her bling isn\’t real anyway, but she won\’t admit it ask her xbest friend)

  • August 13, 2006 at 12:30 pm
    jo says:
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    Dude, That was AWESOME. Great recap. Now eveyone can get off the Steve bandwagon now that it\’s come to a screeching halt. Best posting ever!!!!!!! Thank you, you made a lot of peoples day. 1C3 is the greatest.

  • August 13, 2006 at 4:21 am
    c says:
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    WOW….LET ME STAND UP AND APPLAUD YOU AND YOUR POSTING…..LET THE TRUTH BE HEARD
    C

  • August 14, 2006 at 10:14 am
    Amanda says:
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    I don\’t know who you are, but I can tell you that 98% of what you write is false, Your timeline is so off that its laughable. My father was diagnosed with cancer when I was 16 years old. My parents had divorced 8 years earlier when I was in third grade, so no she didn\’t leave him because he was sick, quite to the contrary she remained friendly w/ him and brought him food many nights and brought me to visit him in the hospital during his chemo.
    And Steve and his first wife divorced in the early 80\’s. He never cheated with Joyce, but he also never abandoned his son, Steven Jr. who thinks the world of him to this day.
    This is about the victims, the money and hopefully a resolution, why it is a personal attack on my mother I don\’t know. My father never said he did nothing wrong, he said he wanted the chance to make things right. His family in \”WW\” also never said that they were unwilling to help him in any way. What you report as facts are all wrong. You also say my dad had to \”support Joyce\’s needs\” and later say that all her \”bling is fake and to ask some x friend\” so what was he supporting if her things are faux? My mother has worked all her life, she has nothing to be ashamed of. The fact that you bring up a daughter she put up for adoption in 1969 is digging pretty deep, but she didnt leave her in a dumpster, she put her up for adoption. Had she left her in a dumpster or suffocated her like you hear about, she probably would not have gotten 25 years.. The punishment should fit the crime, if you want restitution, and no one said $25 a month, so please don\’t write that – why not push for a lesser sentence, he wants to pay all victims back, and if he misses he goes back to jail – rapists and murders get less time. He wants to pay all victims back, and Tom still has other trials and most likely will not be out soon, it is your only chance to see restitution. I am not attacking anyone, you don\’t need to attack me. Its just an idea rather than mud slinging which may give you instant gratification, but beyond that??

  • August 14, 2006 at 3:44 am
    Karen & Lou says:
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    Amanda, We\’ve known your whole family longer than you have honey and I can understand your frustration – these postings just aren\’t worth the cyberspace they take up. Whoever did that posting had probably been drinking, were home after an evening out and decided to just plain be mean; because they for sure don\’t have their \”stats\” correct.
    They have some facts, but the time-line and the \”true facts\” just aren\’t there. And it sure isn\’t the way it is.

    Steve and Joyce are honest to a fault if anything, that\’s one of their problems. Steve tried to stand by a friend and believe in him and he got hurt. He told the truth when asked by the authorities and he came back to bite him in the behind. He should have come forward before the autorities came to him, but he just kept trying to \”fix the problem\” – which at the point it has escalated it, couldn\’t be fixed without help.

    You all didn\’t move to Florida because of any \”lies or troubles\” you moved to get a fresh start from a disgruntled ex-wife who still thinks she\’s married to Steve and to help give your brother Stephen a fresh start from drugs; which unfortunately didn\’t work.

    Steve\’s family has come through with money, that will all come to be known at his Mitigation. They NEVER refused him.
    Giving in to Joyce\’s needs is so funny. Your Dad\’s father always says how hospitable and charming and easy Joyce is to live with. How funny. She has to be the \”easiest\” people we know. Her mother takes very good care of her, always has – always will. And who ever they are, they\’re right about one thing, WW is a small town – big deal.

    Joyce married your biological Dad when she was 21, they\’d dated for 5 years. Yes, she had put a baby up for adoption, but big deal, you all have a close relationship now and your sister is part of the family, you\’re all so close.

    Steve divorced his first wife way back in 1980, he didn\’t leave that woman for Joyce or because his son was sick, he just didn\’t want to be married to her any more and he was a batchelor for 6 years, dating many, many women. Joyce didn\’t get a divorce till 1986. She and Steve hadn\’t even run into each other in that foolish little small town for 17 years, no matter what anyone thinks. If Steve cheated on his first wife, it sure as all heck wasn\’t with Joyce. But, just like a story book, the two sweethearts were lucky enough to get together again, were always in love and did get married at a lovely garden wedding with you as a flower girl and your brother as a ring bearer. We were at the wedding, one the whole small town will remember for years and talk about to this day.

    This poster refers to Joyce\’s bling not being real or what it seems – well, I wonder, whatever it is, she sure wears it well. We\’d love to ask her x-best friend, but that person hasn\’t come forward, who might that be? Throughout life we go through so many circles of friends, life\’s circumstances change that for us. So many people are quoted and mis-quoted.

    Many people tell us that they\’re our best friends and then they hurt us and betray us, leave us to just flounder….I say friends are great to have, just be sure you have a good barometer to test them with. Remember that old saying about not spitting in the wind……..and what goes around, comes around. When you least expect it – a skeleton from anyone\’s past could just pop out. So come forward Joyce\’s oh dear best friend and speak your mind and sign your name.

    You\’re right honey, all Joyce and Steve talk about is making restitution to the investors/victims. That\’s who this should be about, not about Joyce or the baby she put up for adoption when she was a baby herself. She\’s just overjoyed that she even found her, how\’s cruel for someone who knows so little to post such a cruel twisted email, they\’re the ones that should get their facts straight. A little knowledge is a dangerous thing.

  • August 14, 2006 at 4:29 am
    gh says:
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    Who cares. Steve\’s in jail. Guilty of a crime. Paying his debt. End of story.

  • August 14, 2006 at 5:04 am
    Tom Too! says:
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    Don\’t forget about Tom Masciarelli, he\’s doing his time and paying his debt to society as well. His Sentencing Mitigation didn\’t go well, his ex-girlfriend got up and made a fool of herself, the Judge was just rolling his eyes. Couldn\’t wait for her to sit down and just be quiet. She said they\’d be together through thick and thin, when the thick ran out, so did she.

    Tom and his Veravest is our best chance of recouping any of our money, especially if the State doesn\’t do a turn around and let one of them out and start to make some restitution to the investors. I want my money, the State dropped the ball. Punishing them is one thing, why are we being doubly punsihed. When they\’re eligible to work and make restitution let them do it, we want out money.

  • August 14, 2006 at 5:07 am
    Martin says:
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    Apparently you care because you keep posting, and checking to see if anyone has read the untruths you tell.
    Yes Steve is in jail, no dispute there, I think that Amanda, Karen and Lou, myself and several others as I reread these postings, are simply trying to have thier say as well. The first ammendment does allow that whether you like it or not, and you are speaking of a man that we all know and love, you are accusing he and his family of things that never took place. Because he is in jail, you have a right to drag his name through the mud? Make up stories about people you don\’t know, and create this tell all type story which is all lies and slander??
    West Warwick may be painfully small, and you may never leave it, but get over your petty jealousy and try to see the forest through the trees. The man wants to work to pay back the victims, many of the victims think that the need for restitution out weighs the need for Steve to sit in jail – he was wrong to believe Tom would make things right, he kept paying the interest out if his own pocket for some time waiting for Tommy to catch up. Tommy withdrew thousands of dollars from Palm Beach Kennel Club ..WEEKLY – thats documented in the court records. Steve paid for his office – which is totally legal they were told they could take a salary.
    Why don\’t you get some credible info and then you won\’t have to hide behind your initials. gh OR c WHATEVER YOU ARE CALLING YOURSELF NOW… Seems to me you are living in a much sadder jail than Steve Petrarca will ever see.

  • August 14, 2006 at 6:25 am
    CINDY says:
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    i am just going to comment only because i want to get something straight…i have been going under \”c\” but we all know my name is cindy….i have NEVER used another form of id on this site…the whole meaning of this all has been lost….
    I WILL SAY MY PREVIOUS STATEMENT AGAIN…WHEN YOU SHOW ME A SUBSTANTIAL AMOUNT THAT WILL MAKE A DIFFERENCE TO MY GRANDPARENTS THEN I WILL HAVE SOME FAITH..I DID NOT COME ON THIS WEBSITE TO BASH PEOPLE…I GOT MAD IN THE BEGINNING BECAUSE EVERYONE KEPT ASSUMING I WAS FROM WEST WARWICK AND FELT IF THEY BASHED \”WEST WARWICK\” THEN THEY BASHED ME…I DONT LIVE IN WEST WARWICK …MY GRANDPARENTS DO AS WELL AS THE FAMILY MEMBERS OF STEVE AND AS FAR AS I KNOW TOM TOO…AT LEAST I KNOW THEY BOTH CAME FROM WEST WARWICK…
    THIS WHOLE THING IS OUT OF CONTROL….BASHING EVERYONE IS NOT GETTING ANYWHERE …AND I DONT BELIEVE THAT THE SENTENCE SHOULD JUST BE RELEASED …A CRIME WAS COMITTED….I WOULD HAVE TO SEE A FIGURE OF $$$$$$ TO THINK THEY OR STEVE SHOULD GET OUT…..WHEN I HAVE SAID A SMALL AMOUNT TO EACH VICTIM I SAID IT AS EXAMPLE BECAUSE THERE ARE 31 VICTIMS IF MY COUNT IS CORRECT SO EVEN IF THEY GOT $100 EACH PER MONTH THAT WOULD MEAN THAT STEVE OR TOM WOULD HAVE TO MAKE AT LEAST $3100 PER MONTH….I THINK STEVE HAS A BETTER SHOT OF GETTING ANY REDUCED TIME…TOM HAS ALOT MORE CHARGES AGAINST HIM….AND I\’M SORRY BUT I DONT WANT MY GRANDPARENTS MONEY NOR DO MY OTHER FAMILY MEMBERS…I WANT THEM TO HAVE IT…THEY NEED IT…..AND UNFORTUNATELY THIS WOULD TAKE YEARS AND YEARS AND YEARS TO PAY BACK….AND THE VICTIMS DONT HAVE THAT KIND OF TIME..AND I MEAN NO DISRESPECT BY THAT COMMENT….
    SO AGAIN…SHOW ME A SIGNIFICANT AMOUNT AND PERHAPS I CAN HAVE THE FAITH THAT YOU ALL SEEM TO HAVE….UNTIL THEN I WILL WAIT FOR NOTIFICATION ON THE MONEY..
    CINDY

  • August 16, 2006 at 10:24 am
    1C3 says:
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    very good CIndy, keep it straight and about the crime. it is too bad about your grandparents and the other victims who are struggling during the golden years of their lives. as for my other stats, it is what is was told by a family member and an ex friend of Joyce. Shouldn\’t believe everything!



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