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2 Bay Area men, running Pleasanton companies, charged with $80M Ponzi scheme

Original post made on Jun 12, 2009

The San Francisco bureau of the Securities and Exchange Commission has filed a complaint against the operators of two Pleasanton companies with an $80-million Ponzi scheme.

Read the full story here Web Link posted Friday, June 12, 2009, 12:00 AM

Comments (3)

Posted by Dave, a resident of Vineyard Hills
on Jun 12, 2009 at 8:26 am

California Republicans Anthony Vassallo and Kenneth Kenitzer, loved the freedom from financial regulation the Bush Regime afforded them that they donated generously to the RNC and NRCC and to their favorite candidate, Mitt Romney... all the while conducting a ponzi scheme much like Madoff's only smaller. They only ripped off $40 million dollars. I wonder if Romney will return the money they gave him.


Posted by Suzy, a resident of Stoneridge
on Jun 12, 2009 at 10:03 am

Is the dishonesty and the despicable behavior these people perpetrated on their victims somehow limited to Republicans? What does that have to do with it?? Why can't teh story stand on its own without the negative political implication?


Posted by Scooder, a resident of Vineyard Avenue
on Jun 16, 2009 at 9:06 am

Because it adds to the flavor of the whole smelly mess.


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