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

May 17, 2005

  • August 26, 2006 at 10:27 am
    c says:
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    They BOTH committed the crime thats why they are both doing the time…for a minute there it seemed like people were forgetting a crime was committed….they BOTH knowingly took the money and they BOTH spent the money…maybe it was toms idea but steve didnt attempt to stop it
    c

  • September 1, 2006 at 10:32 am
    Had with know it alls\' says:
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    You should give inspirational speeches. People finally get to a point where they think there\’s some hope and maybe they can get \”some\” of their money back, if not all; and you go and shoot a plan right down. I don\’t know about you, but I want my money. Like I said before I don\’t care how slowly it may come in, I still want it. You don\’t have the right to say, if I can\’t get a substantial amount up front forget about it! You or your family must have a far greater financial pool to draw from that I do.

    You have NO IDEA what Steve tried to do when he figured out what Tom was doing,he went through a hell to try and play catch up all the time. You just think you know so much and you\’re just so S-M-O-T, too bad you were smot enough to check out the company and the investment like you should have done before you invested your money. Investing is a gamble, sometimes you win, and sometimes you lose. GET OVER IT! I think you just feel guilty because you weren\’t the financial watchdog you were entrusted to be for your elderly family members.

    But you don\’t have the right to speak for anyone but yourself, were you there when these contracts were executed? So then of which you speak is just hearsay? Repeated and repeated and of course the end result is a totally different story than what it started off to be.

  • September 1, 2006 at 11:07 am
    Oh Brother! says:
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    Thou shall not worship false idols – ok, and who exactly is trying to make Steve out to be a false idol. All anyone is attempting to get through your thick empty heads is the fact that there is a clear and defined differnce between Petrarca and Masciarelli. Petrarca tried and tried and you have no idea how much to stop Masciarelli in his tracks, he cooperated with the State, he put the money on the houses that Masciarelli leveraged, he himself made interest payments from November when the State shut the Company down till May, all without any help from Masciatelli.

    You all maybe too close to see the forest from the trees but there truly is a difference, Masciarelli is a thief and a bum, Petrarca is a family man and a business man who got duped like the rest of us who lost money.

    C – you only want it in a lump sum, what does your family whose money it was want? Let them speak, why always you?

    I have a feeling you West Warwickites\’ are already celebrating at the LaLa and has lost site of clear thinking….put the jug down and sober up, this is a serious matter we\’re making an attempt to banter about.

    C, are you accepting another free vacation to Florida for Petrarca\’s trial? You were all over the last one. Oh, and by the way, try and dress appropriately this time, it\’s court, a sweater and slacks doesn\’t cut it or show any repsect for the court room, and lose the 60\’s hair do, you really RI small town yourself. Time for a makeover, maybe your should apply for the SWAN since you\’re so up for free stuff.

    From what I\’ve heard you seem to be professing so much about Nannny and Poppy\’s losses – they go about town talking about how much they have in safe keeping in Centreville. Maybe it\’s you they don\’t trust and that\’s why you weren\’t there when their dollars were invested.

    Freedom of speech – Freedom of the Press!
    Think about that before you get nasty again.

  • September 1, 2006 at 4:53 am
    c says:
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    Boy you people are unbelievable…this man stole your money and you think he\’s god…
    and no my grandparents do not have other resources …thanks to steve they were left with practically nothing that is why they just sold their house last week!!!
    and NO i dont feel guilty….i have nothing to feel guilty about…steve was like family to them and this is how he treats them….he took all their money in one lump sum and they were promised a certain amount per month and he got them to trust the deal was on the up and up…WRONG…..so if the deal was what it was promised there wouldnt be any need for this would there??? so my point is if the money was taken in a lump sump it should be returned in such…do you people not listen??? i dont think so…you are too busy praising a man who stole everything from you….

  • September 1, 2006 at 5:05 am
    Carlos says:
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    hey Cindy – maybe your grandparents deserve what they got.. they don\’t sound too bright and neither do you.
    No one cares what you say, so many of us have done business with Steve, and will continue to do so. Nobody said he is God.. he is human, and humans just like ol pappy and nanny, make mistakes.. Tom is a shiester, everyone agrees upon that.. i guess except you since you have a problem with absolutely everything. If they didnt have the funds to invest they should not have invested.. its not a sure thing ya know princess, all you do is watch the postings and spit your venom at Steve Petrarca, does that make you feel tough? Everyone is looking for an answer but you. We will all be paid back, and you will still be complaining. Sad woman.

  • September 1, 2006 at 5:15 am
    c says:
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    carlos i cant believe you would say such a nasty thing…that my grandparents deserve what they got….that means you think all the victims deserved to have this happen to them….
    you should be ashamed of yourself….i am not on this post calling people nasty names…i am entitled to my opinion and just because i do not agree with you doesnt make my opinion wrong..i dont agree with you but that doesnt mean i\’m calling you names….shame on you….
    my grandparents worked for that money ALL their life and they didnt deserve for it to be gone…
    with you people it seems it has to be black or white….the minute i or anyone says a negative thing then i\’m the bad guy…
    if the money was STOLEN no one would be having this discussion….and i always refer to steve when i talk because my grandparents had no dealings with tom…steve took their money and it was invested IMPROPERLY….
    for you to say they deserve to have their money stolen …that is disgusting….
    may bad charma come back to you….
    SHAME ON YOU……

  • September 2, 2006 at 5:50 am
    c says:
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    Do you feel better now that you bashed me and acted like an ***???? first of all i DID NOT get a free vacation to florida as you called it….i paid for my own ticket my own hotel and all my expenses….
    and you\’re going to make fun of what i wore in court and my haircut?? how juvenile you are!!! grow up….
    i could write a post of five pages and the only thing you pick up on is if i say anything negative about steve….i cannot say anything about tom since i nor my grandparents have ever met him and had no dealings with him….and let me say for the 100th time…i said i would like to see my grandparents get a significant amount…not a mere $25 per month (JUST A FIGURE)I DID NOT SAY I DIDNT WANT THEM TO GET THEIR MONEY….i said they need to get enough to make a difference…i\’m sorry but they are elderly and not in good health and they dont have the time to wait 20 years to be paid back…they need the money now to make a difference…and no i dont want their money….they earned it and they have the right to use it…and yes i know it was a risk….supposed to be paid back in five years…and if that was the case there would be no need for discussion…..
    and why is it that you people keep feeling the need to insult me??? i have not insulted any of you….all i have said is that i think what steve and tom did is wrong….
    and by the way…you know so much about the LA LA you must have attended…for the record…i dont drink..i dont do drugs and i have never insulted anyone on this post..
    you people need to act your age…..
    grow up
    c

  • September 1, 2006 at 6:31 am
    hg says:
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    Dear C,
    You tell em! These people are unbelievable. They talk of Petrarca like he was the greatest. You are on the money. He stole and he is paying for it. These people need to shut their mouths and let the law do its justice. None of them are going to trade places with this thief, and yes he is a thief, in the eyes of the law and the people he stole from. He didn\’t lift a finger till after the fact and then it was too late. Now he\’s trying to save his hide and distance himself from the other crook, but once again, too late. Lost is the fact that people were hurt, and these two men are to blame. Praise your Petrarca if you like, the rest of the world knows better. Thou shalt not worship false idols.

  • September 2, 2006 at 9:56 am
    lol says:
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    What is with you Steve lovers. You defend this guy tooth and nail. If you recall a posting by the investigator in this case, Petrarca didn\’t deny any of the charges brought against him. Quit verbally assaulting the people hurt in this whole mess. As C said, grow up! You Petrarca fans are so defensive because the truth hurts and your boy has let you down. That\’s the way it goes folks. You all talk a good game about how you would invest with him again and give him a job IF he got out of the big house, but if push came to shove not one of you would do it. Stick to real life here. He is staying put for the crimes he commited and you\’ll have to make the trip to north Florida to see him. Not that any of you would do that. Now the postings will start about how you all would go there, I don\’t know what I\’m talking about, blah,blah,blah. Face it fans of Steve, talk is just that, talk. Nothing any of us says makes a difference. Keep your thoughts to yourself, stop saying hurtful things to the victims of this case and move on. Masciarelli and Petrarca are not getting out any time soon. So raise a glass, say \”OH WELL\” and move on and hope everyone gets their money back.

  • September 2, 2006 at 10:45 am
    \"C, Bad Charma? It\'s Kharma says:
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    No, LOL – he didn\’t deny anything, he explained the situation for the record, which they were all aware of since he\’d cooperated and been in twice to speak with the State investigators. How many times do you need to have the same thing explained to you? Oh, I get it – it\’s not that you need to have it explained you get it, you understand it and you don\’t like it. So you pooh-pooh it and go back to slinging mud.

    Petrarca\’s family is close and know he got duped by Tom. They will ALL be here for the September court date. They will stand behind their son, brother, friend, husband, father – oh did you notice – not one of those are an associate word that could be used for anyone that was in court for Tom? That\’s because nobody was there except a druggy x-girlfriend whose moved on, but tried to make a statement, but couldn\’t even do that! No parent, brother, nephew, niece, cousin, friend was here for Tom, he flew SOLO. He\’s cheated, lied and stolen with accouts like this one for years and years – he has no body left that cares about him! You\’re so on top of things, check his Visitation List and see who goes to visit him – No Body! Steve\’s visitation has to be scheduled through his wife who is there each of the 4 days – she even goes with some of his friends just so they can see him too, on occasion, she\’ll give up one day and let 3 of his friends go together. He gets tons of letters, Tom get nothing.

    Please don\’t make me thinking I\’m writing to a total idiot – you do see a difference here, don\’t you? These are two totally different men, with two totally different agendas. Steve and his family got screwed just like the rest of the investors. That woman doesn\’t have her husband, his kids don\’t have their father, his parents don\’t have their son, his brothers and sisters don\’t have him either. He has such an extended list of family and friends.

    If that Judge is wise enough to realize what you \”bloggers\” obviously don\’t, he\’ll give him an opportunity to make things right. You speak of which you know so little.

    Steve is going to the table with money and a well written and thought out plan for RESTITUTION – that is what this is supposed to be all about! Not out-dated, small town hairdo\’s and ethnic La-La type carnivals. It\’s supposed to be about how to get the money back to these people who deserve it. None of us have money fall from a helicopter into our backyard on a weekly basis – we all work for our dollars, so lay off with \”nanny and pappy worked all their lives C\” – we know already, we\’ve read it 35 times! Let them be the ones to say they don\’t want enough money on a monthly basis to pay their electric bill or their phone bill, not you. I know others want and need whatever they can get their hands on!

    RESTITUION is what it\’s all about and all the Judge will care about! Righting a wrong and turning a bad thing into something positive – stop being so negative – open your mind to solutions!



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