Post A Scam
Scam: #2038

Scam Alert

Person

  • Posted By: Anonymous
  • Submitted: 02/02/2011
  • Severity: 8
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Michael J. Muzio

Ponzi Scheme that targeted Haitian-Americans

Tampa, Florida

Michael J. Muzio was found guilty in February of one count of conspiring to commit wire fraud, two counts of substantive wire fraud, six counts of securities fraud, and two counts of lying to the Securities and Exchange Commission and Federal Bureau of Investigation.. He was charged in October 2009 in connection with a scheme to defraud more than 600 investors throughout South Florida and New Jersey out of more than $14 million.

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