Thursday, October 16, 2014

Galvin Gets After E.S. Schwartz

"Galvin charges Newton couple with $5.4m fraud" Globe Staff   October 08, 2014

Massachusetts Secretary of State William F. Galvin said Wednesday that he has charged Eileen and Lawrence Schwartz of Newton and the investment adviser firm E.S. Schwartz & Co. with engaging in fraudulent activities and dishonest and unethical business practices for their efforts in persuading people to invest in real estate ventures they created. 

This is what the AmeriKan economic $y$tem is based on. Simply put, these $mall fries I'm dumping on you today are simply not too big to jail. 

That doesn't excuse the corrupt thievery that is occupying all in$titutions in AmeriKa now; it's just a bald-faced admission of the fact.

Despite having no experience in the Miami real estate market, the Schwartzes pushed ventures involving Miami condos....

Galvin’s complaint alleges that the Schwartzes failed to disclose key information to investors about these ventures and that they had many conflicts of interest. An attempt to reach the Schwartzes was not immediately successful.

Then why did my printed paper tell me their lawyer, a Mr. Kenneth C. Pickering said "the complaint is without merit, and we look forward to responding to it?"

--more--"