Sunday, October 19, 2008

The "Transnational Fund"

Remember the Seinfeld where George invented a fake charity called the Human Fund?" Meet it's REAL-LIFE EQUIVALENT!!!

"Man is sentenced in investment scam

A Georgia man who pleaded guilty in July to running an Internet investment scam out of his Boston apartment was sentenced in US District Court yesterday to three years in prison followed by three years' supervised release, the FBI said. Michael Patrick Luckett, 37, of Gainesville, Ga., admitted to fraudulently luring people to invest in "certificates," promising a guaranteed rate of return after nine months. But instead, Luckett pocketed the money, authorities said. In addition to prison time, Luckett was ordered to pay almost $100,000 in restitution to his victims. Authorities say Luckett duped about 15 people around the country, persuading them to send him more than $450,000 for investment in the fake "Transnational Fund (Boston Globe)."

So he is a COPYCAT CRIMINAL?