Not known Factual Statements About Keith Orlean

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As this prosecution and today’s sentence mirror, this type of predatory fraud will not be tolerated.”

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A previous CEO from Lengthy Island admitted to his function in a plan to defraud the aged victims during the sale of worthless inventory.

For quite a few yrs, Orlean and two co-conspirators ran a fraudulent plan through which a salesman named "Mike Palmer" would get in touch with elderly individuals within the telephone and offer you them what he claimed was a time-sensitive possibility to purchase stock in sure corporations, Berman stated.

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“You can find few fraud schemes sleazier than defrauding elderly victims as a result of deceit and manipulation,” Assistant FBI Director William Sweeney mentioned. “The defendants allegedly solicited much more than $two million in stock purchases from their a lot more than four dozen victims.

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  In a single intercepted cellphone get in touch with conversation, Ziskind explained to KEITH ORLEAN his method for a successful investor gross sales pitch as:  “You ram it down their fucking throat.”  In A different intercepted phone in between Ziskind and ORLEAN, on Finding out that a selected victim Trader died, Ziskind remarked:  “I realized I should have pulled the final $10,000 away from him.”   

 As this prosecution and now’s sentence mirror, this type of predatory fraud won't be tolerated.”

The group appears Keith Orlean to possess solicited much more than $two million in inventory buys from victims, Berman claimed.

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