Miami Businessmen Charged In $40M Investment Fraud Scheme

Law360, New York (December 7, 2012, 7:31 PM EST) -- Two top executives of a bankrupt Miami Beach-based manufacturing company were arrested and charged with fraud on Friday for conning investors out of $40 million as the U.S. Securities and Exchange Commission brought a parallel civil suit over the alleged scheme.

Claudio Eleazar Osorio, also known as Claudio Osorio Rodriguez, 54, of Aventura, Fla., and Craig Stanley Toll, 64, of Pembroke Pines, Fla., were hit with a 23-count indictment in Florida federal court for deceiving investors about the use of investor funds, the profitability of the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.