Eight South Florida Individuals Charged with Securities Fraud Targeting Elderly

Eight South Florida Individuals Charged with Securities Fraud Targeting Elderly

Eight South Florida Individuals Charged with Securities Fraud Targeting Elderly 150 150 Robert Rex, Esq.

July 27, 2015- Boca Raton, Florida

The FBI announced today the indictment of eight individuals for participating in securities fraud involving Thought Development Inc., a Miami Beach based company claiming invention of a green line on the football field visible, and Virgin Gaming, a fee based service facilitating on line gaming and fantasy sports leagues.

Those charged with conspiracy to commit wire fraud are:

  • David Anthony Eratostene, 53, of Miramar, Florida,
  • Christopher J. Borgo, 41, of Boca Raton,
  • Alan D. Messina, 54, of Sunrise,
  • Michael T. Angeletti, 33, of Sunrise,
  • Michael J. Calash 34, of Boca Raton,
  • Stephen R. Reynolds, 38, of Pompano Beach,
  • Gary X. Schultz, 55, of Miramar,
  • Chazon Stein, 36, North Miami Beach

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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