Town Square

SEC alleges $40M Ponzi scheme involving Pleasanton businessman

Original post made on Mar 12, 2009

A Pleasanton man has been implicated in a $40-million Ponzi scheme by the U.S. Securities and Exchange Commission.

Read the full story here Web Link posted Thursday, March 12, 2009, 3:21 PM


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Posted by PTownGuy
a resident of Downtown
on Mar 12, 2009 at 5:49 pm

A shame! Vassalo has ties into the Kenitzer family since well before high school. Vassalo was a graduae from Foothill High in 1997. I truly hope that Kenitzer is found to be a victim as this is way out of character- but not out of character for Vassalo. I can't fathom how or why someone would have trusted Vassalo with sums of money that large. Not a bright and shining day for Pleasanton- not the kind of news story we like to be known for! We are better than this Anthony!

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Posted by OldFriend
a resident of Downtown
on Mar 12, 2009 at 6:02 pm

For years certain local persons have been sitting around campfires and dinner tables hoping aloud that AV's windfalls weren't more of his scheming ways. Five years ago is when Mr. K became involved, after AV lost his friends and family's money, and Mr. K thought his involvement might achieve greater grip on the location and tracking of further monies. Regrettably, for the wonderful V and K families, AV's charm and pathology was, in the end, too great. Follow your gut, people. Giving a guy in his late twenties hard cash at the promise of 42% returns/year...? Fortunately for the V family, most of the sordid details will never see the light of public scrutiny. Pray for AVs family and ex-wife and two children, as well as for the wonderful K family.