4u2nv2
2 meses hace
I can. SAN ANTONIO – A Boerne man was sentenced yesterday to 135 months in prison and ordered to pay $7,424,927.10 in restitution for running a Ponzi scheme.
According to court documents, Victor Farias, 48, owned and operated Integrity Aviation & Leasing (IAL). Farias used IAL to perpetuate a Ponzi scheme resulting in net losses to victims of over $7.4 million. Farias persuaded victims to invest in IAL by misrepresenting that investors’ funds would be used to purchase aircraft engines and that the aircraft engines would be leased to airlines for profit. In addition, Farias also told investors he would not pay himself a salary or commission.
Instead, Farias bought one aircraft engine and sold it shortly thereafter, making no profit for investors. He used investors’ money to pay himself a salary, commissions, and personal expenses. He also paid out false investment returns to prior investors and financed the construction of the Fair Oaks Country Store, a convenience store unrelated to the IAL investment.
On January 27, 2021, Farias pleaded guilty to one count of wire fraud.
“Through deception and greed this defendant stole from his victims, some of whom were retired public servants. He deprived many of these victims of the restful retirement they worked all their lives to achieve,” said U.S. Attorney Ashley C. Hoff. “We hope the Court’s sentence provides some measure of justice to the victims and sends a strong message to other fraudsters that their criminal activities will not be tolerated in our community.”
“The defendant betrayed the trust of almost 90 people as he swindled them out of their retirement savings to finance his fraudulent investment scheme and his luxurious lifestyle,” said FBI Special Agent in Charge Christopher Combs, San Antonio Division. “This case is all the more repugnant because so many of the victims were first responders who had spent their careers putting their lives on the line to protect our community.”
The FBI investigated the case.
Assistant U.S. Attorney Matt Harding prosecuted the case.
4u2nv2
2 meses hace
SAN ANTONIO – A Boerne man was sentenced yesterday to 135 months in prison and ordered to pay $7,424,927.10 in restitution for running a Ponzi scheme.
According to court documents, Victor Farias, 48, owned and operated Integrity Aviation & Leasing (IAL). Farias used IAL to perpetuate a Ponzi scheme resulting in net losses to victims of over $7.4 million. Farias persuaded victims to invest in IAL by misrepresenting that investors’ funds would be used to purchase aircraft engines and that the aircraft engines would be leased to airlines for profit. In addition, Farias also told investors he would not pay himself a salary or commission.
Instead, Farias bought one aircraft engine and sold it shortly thereafter, making no profit for investors. He used investors’ money to pay himself a salary, commissions, and personal expenses. He also paid out false investment returns to prior investors and financed the construction of the Fair Oaks Country Store, a convenience store unrelated to the IAL investment.
On January 27, 2021, Farias pleaded guilty to one count of wire fraud.
“Through deception and greed this defendant stole from his victims, some of whom were retired public servants. He deprived many of these victims of the restful retirement they worked all their lives to achieve,” said U.S. Attorney Ashley C. Hoff. “We hope the Court’s sentence provides some measure of justice to the victims and sends a strong message to other fraudsters that their criminal activities will not be tolerated in our community.”
“The defendant betrayed the trust of almost 90 people as he swindled them out of their retirement savings to finance his fraudulent investment scheme and his luxurious lifestyle,” said FBI Special Agent in Charge Christopher Combs, San Antonio Division. “This case is all the more repugnant because so many of the victims were first responders who had spent their careers putting their lives on the line to protect our community.”
The FBI investigated the case.
Assistant U.S. Attorney Matt Harding prosecuted the case.
4u2nv2
2 meses hace
They never went after charges for WTF he did here. I warned his suspected girlfriend back then about the piece of shit lawyer and how something looked wrong. SAN ANTONIO – A Boerne man was sentenced yesterday to 135 months in prison and ordered to pay $7,424,927.10 in restitution for running a Ponzi scheme.
According to court documents, Victor Farias, 48, owned and operated Integrity Aviation & Leasing (IAL). Farias used IAL to perpetuate a Ponzi scheme resulting in net losses to victims of over $7.4 million. Farias persuaded victims to invest in IAL by misrepresenting that investors’ funds would be used to purchase aircraft engines and that the aircraft engines would be leased to airlines for profit. In addition, Farias also told investors he would not pay himself a salary or commission.
Instead, Farias bought one aircraft engine and sold it shortly thereafter, making no profit for investors. He used investors’ money to pay himself a salary, commissions, and personal expenses. He also paid out false investment returns to prior investors and financed the construction of the Fair Oaks Country Store, a convenience store unrelated to the IAL investment.
On January 27, 2021, Farias pleaded guilty to one count of wire fraud.
“Through deception and greed this defendant stole from his victims, some of whom were retired public servants. He deprived many of these victims of the restful retirement they worked all their lives to achieve,” said U.S. Attorney Ashley C. Hoff. “We hope the Court’s sentence provides some measure of justice to the victims and sends a strong message to other fraudsters that their criminal activities will not be tolerated in our community.”
“The defendant betrayed the trust of almost 90 people as he swindled them out of their retirement savings to finance his fraudulent investment scheme and his luxurious lifestyle,” said FBI Special Agent in Charge Christopher Combs, San Antonio Division. “This case is all the more repugnant because so many of the victims were first responders who had spent their careers putting their lives on the line to protect our community.”
The FBI investigated the case.
Assistant U.S. Attorney Matt Harding prosecuted the case.
4u2nv2
2 meses hace
There are 23 companies that have an address matching 2360 Corporate Circle Suite 400 Henderson, NV 89074.
The companies are Senior Management Inc, Electech Inc, Diversified Oil And Gas Inc, Jac Enterprise LLC, Nailor Industries Of Texas Inc, Seven Entertainment LLC, Southern Freedom Corporation, Spark Solutions LLC, Emerald Associates LLC, Sweet Surrender LLC, Atlantic Beach Associates LLC, Cennergy Corp, Marketwise Inc, Fws Inc, Resilient Solutions LLC, Aerotech Services Inc, Phoenix Entertainment Inc, More Core Diamond Drilling Corp, First Priority Financial Inc, Us Telesis Inc, Intelligence Inc, Susterra Inc, and Repnet Inc.
investor2004
3 años hace
Well, I remember reading something over the past year here that was posted(do not remember when), that was a court filing saying he had been arrested I believe. Not sure though. But ya, on the bonds....failing my memory...remember the number being somewhere around 12 million?
Most interesting thing to me thos was the fact that ANYONE with a brain would loan that amount of money through bonds to basically an OTC stinky pinky that had a no asset leasing company reverse merged into it. Ultimately, interestingly, with that money Victor supposedly purchased a hand full of large jet engines that needed to be rebuilt. He took them to a company that he was affiliated with(back then when I invested, everyone thought that the rebuild company was going to be merged...but it was not). Think it was called Turbine engine center or something like that. Anyway, so Victor gave them the engines to rebuild. Well, months went by and I guess low and behold....all of a sudden it was relayed to the Bond Holders that THE REBUILD CENTER HAD MISPLACED THE ENGINES!(supposidely) Victor supposedly went back and fourth with the rebuild center and finally ended up suing them because they had not idea what happend to the engines as well as I believe either he or TURA was also sued by the bond holders. That is the last I remember hearing about it or reading posted on here years back.
Anyway, makes me wonder if those two lawsuits through discovery brought forward information that was criminal in those investigations for civil suits. Thus, that could have lead to eventually Victor being charged and put in jail based on that evidence? Not really sure. That is just a hunch.
So, of course, with all that happening there was always a potential that TURA could win the suit against the rebuild center. Not sure whatever happened though. And of course, not sure what happened with the bonds either. So, ultimately, understanding all that history hanging over this, there could be a lot of hands in the pot if in fact this was ever resurrected. That could be some of the reason it is not and will not be at any point in the future. I have a small investment here still. However, I also understand considering all this, and OMNI backing out of the custodial application, this one looks like a long shot at the track at this point. Based on how OMNI pumped this though, if in fact I am right, really feel bad for anyone who was recently sucked into this. OMNI should be held responsible for that part.
JPGetty
3 años hace
Interesting stuff. I am always suspicious that those representing the company eavesdrops into our boards here to get a feel for what the investors are thinking. And that looks like what may have transpired with your inquiry.
I even wonder if that "guy" was posting propoganda into the posts to stir up buying of shares of TURA. A review of members who posted here may show that, unless his account and his posts were taken down, deemed no longer a member.
A heck of a way to scam -- start up a fake company, create it to IHUB boards, post info that makes it look like great things are on the way, and sell shares, reaping in the loot as you go.
Wouldn't be hard.
And that may have been exactly what this guy did.