Financial Fraud: Thomas Michael White Convicted In Connection With a Scheme To Fraudulently Raise From Over a Dozen Elderly Victims

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<h2>Broward County Resident Convicted by Trial Jury of Participating in a Two Million Dollar Securities Fraud Conspiracy Scheme that Targeted the Elderly<&sol;h2>&NewLine;<p>On December 13&comma; 2018&comma; a Broward County resident was convicted by a federal jury of one count of conspiracy to commit mail and wire fraud and four counts of mail fraud&comma; in connection with a scheme to fraudulently raise &dollar;2 million from over a dozen elderly victims throughout the United States&period;<&sol;p>&NewLine;<p>Ariana Fajardo Orshan&comma; U&period;S&period; Attorney for the Southern District of Florida&comma; George L&period; Piro&comma; Special Agent in Charge&comma; Federal Bureau of Investigation &lpar;FBI&rpar;&comma; Miami Field Office&comma; and Pamela Epting&comma; Interim Commissioner&comma; Florida Office of Financial Regulation &lpar;OFR&rpar;&comma; made the announcement&period;<&sol;p>&NewLine;<p>Thomas Michael White&comma; 60&comma; of Parkland&comma; Florida&comma; was convicted by a federal jury after a two week trial before U&period;S&period; District Judge Beth Bloom in Miami &lpar;Case No&period; 18-60174-CR-Bloom&rpar;&period; White faces a maximum statutory sentence of twenty years in prison for the mail and wire fraud conspiracy count&comma; twenty years in prison for each mail fraud count&comma; and a fine up to &dollar;250&comma;000 or double the proceeds as to each count of conviction&period; White is scheduled to be sentenced by Judge Bloom on February 26&comma; 2019&period;<&sol;p>&NewLine;<p>According to the court record&comma; including evidence introduced at trial&comma; White was President and CEO of First Call Ventures&comma; LLC&comma; the parent company of First Call Movers &amp&semi; Transport of Florida&comma; LLC&comma; a moving company that also brokered customer moves for other companies&period; From November 2011 through mid-2014&comma; White ran the Broward-based moving business’ call center that booked moves throughout the Southeast&period; He also oversaw a &&num;8220&semi;phone room&&num;8221&semi; out of his corporate offices to raise money from investors&period; During telephone calls&comma; White and his co-conspirators used false statements&comma; manipulation&comma; and high-pressure tactics to target elderly investors &lpar;victims&rpar; and their retirement money&period; The victims included retired teachers&comma; farmers&comma; small business owners&comma; and homemakers&comma; from across the United States&period; When his targets did not have available funds to invest&comma; White tricked them into converting their Individual Retirement Account &lpar;&&num;8220&semi;IRA&&num;8221&semi;&rpar; money and transferring the funds to his corporate bank account&period; White promised his investors that their money was safe and secure&comma; would be returned after a year&comma; and yield high-value interest payments to be paid on a monthly basis&period; White and his co-conspirators provided written and oral &&num;8220&semi;Investor Reports&&num;8221&semi; that falsely conveyed security and profitability of the First Call Ventures moving business&period; As a result&comma; White and his conspirators were given a total of more than &dollar;2 million from over a dozen senior citizens&period;<&sol;p>&NewLine;<p>In truth and fact&comma; White and his partners used the investors’ money for themselves&comma; including millions in cash and bank check payments&period; Bank records also demonstrated that over the course of the fraud scheme&comma; White withdrew over &dollar;130&comma;000 in investor proceeds at the Seminole Coconut Creek casino&period; White and his partners siphoned all profits and victim money to their own personal accounts&comma; declared a &dollar;1&period;8 million &&num;8220&semi;loss&comma;&&num;8221&semi; and shuttered the business&period; As a result of the fraudulent scheme&comma; some of the senior citizens are now living on food stamps&comma; lost their homes&comma; or were forced to take on odd jobs for income&period;<&sol;p>&NewLine;<p>Four other individuals tied to this case and a related indictment previously pled guilty&period; White&&num;8217&semi;s co-defendants&comma; John Kevin Reech&comma; 56&comma; of Delray Beach&comma; Florida&comma; and Joseph Mario Genzone&comma; 53&comma; of Boca Raton&comma; Florida&comma; previously pled guilty&period; Genzone and Reech were also recently charged by Information for operating a separate offering fraud &lpar;Case No&period; 18-80193-CR-Bloom&rpar;&period; Reech pled guilty in both matters and was sentenced to a concurrent term of 51 months in prison&period; Genzone also pled guilty and is scheduled to be sentenced by Judge Bloom on December 21&comma; 2018&comma; in both cases&period; Daniel Joseph Touizer&comma; 44&comma; of Aventura&comma; Florida was sentenced to 68 month in prison for leading a similar fraud scheme linked to White and Reech’s criminal conduct &lpar;Case No&period; 17-60286-CR-Bloom&rpar;&period; Saul Daniel Suster&comma; 66&comma; of Sunny Isles Beach&comma; Florida&comma; a phone room worker of Touizer&&num;8217&semi;s&comma; was sentenced to 30 months in prison&period;<&sol;p>&NewLine;<p>U&period;S&period; Attorney Fajardo Orshan commended the investigative efforts of the FBI and Florida Office of <a class&equals;"wpil&lowbar;keyword&lowbar;link" href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;financial-fraud&sol;" title&equals;"Financial" data-wpil-keyword-link&equals;"linked" data-wpil-monitor-id&equals;"896">Financial<&sol;a> Regulation in this matter&period; This case is being prosecuted by Assistant U&period;S&period; Attorney Roger Cruz&period;<&sol;p>&NewLine;<p>Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www&period;flsd&period;uscourts&period;gov or at http&colon;&sol;&sol;pacer&period;flsd&period;uscourts&period;gov&period;<&sol;p>&NewLine;

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