Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Sunday, December 2, 2012

FBI Issues Warning About Investment Scheme After Caramadre Guilty Verdict

FBIAs I have previously discussed, Joseph Caramadre and his employee, Raymour Radharishnan, pleaded guilty to conspiracy to commit identity theft and wire fraud. Now, the FBI has released a warning about investment strategies that are designed to take advantage of the elderly. In its warning, the FBI explained in full detail just what Caramadre did in carrying out his scheme. Provided below is a link to the warning. The lesson here that we need to learn is that "if you or a family member is suffering, physically or financially, don't make quick business decisions...you still need to do your due diligence." 

See Plea Press Release & Indictment Press Release, Preying on the Weak, Estate Planner Victimized Terminally Ill, FBI: Stories, Nov. 30, 2012.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.


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