A Chicago man who operated an investment trading pool allegedly fraudulently obtained approximately $1.4 million and caused some 15 individual investors to lose about $600,000, federal law enforcement officials announced today. The defendant, Christopher Varlesi, was charged with six counts of mail and wire fraud in an indictment returned yesterday by a federal grand jury. Varlesi allegedly misappropriated a substantial portion of investor funds for his own benefit, including misusing $99,750 in May 2010 to pay for a year’s rent for an apartment in the Trump International Hotel and Tower in Chicago and to make Ponzi-type payments to other investors.
Varlesi, 53, of Chicago, will be arraigned at a later date in U.S. District Court. He was the sole proprietor of Gold Coast Futures & Forex, which purported to buy and sell securities and commodities and operate a pool of investor money for trading purposes but was not actually registered or licensed to do so. The indictment seeks forfeiture of approximately $600,000.
The charges were announced by Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois, and Robert D. Grant, Special Agent in Charge of the Chicago Office of the Federal Bureau of Investigation. The Illinois Securities Department assisted in the investigation, as did the Commodity Futures Trading Commission, which filed a civil enforcement lawsuit against Varlesi in March of this year.
According to the indictment, between July 2008 and January 2012, Varlesi made false representations to clients about using their money to trade gold, commodity futures, and foreign currency, the expected return on their investments, and the security of their money. He fraudulently retained investors’ funds and concealed the scheme by creating and distributing false account statements and making Ponzi-type payments to investors, the charges allege. Varlesi also allegedly told clients that their investments were guaranteed to be profitable, with no risk of losing principal. As part of the scheme, the charges allege that he provided promissory notes to certain investors, falsely promising to return the entire principal amount of their investment, as well as guaranteed interest ranging between five to 7.5 percent per month.
The government is being represented by Assistant U.S. Attorney Sarah E. Streicker.
Each count of wire and mail fraud carries a maximum penalty of 20 years in prison and a $250,000 fine, and restitution is mandatory. The court may also impose a fine totaling twice the loss to any victim or twice the gain to the defendant, whichever is greater. If convicted, the court must impose a reasonable sentence under federal sentencing statutes and the advisory United States Sentencing Guidelines.
The investigation falls under the umbrella of the Financial Fraud Enforcement Task Force, which includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch and, with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes. For more information on the task force, visit: www.stopfraud.gov.
An indictment contains only charges and is not evidence of guilt. The defendant is presumed innocent and is entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.
Wednesday, June 06, 2012
Tuesday, June 05, 2012
Fidel Urbina of Chicago is Added to FBI's Ten Most Wanted List
Fidel Urbina, age 37, whose last known address was in the 2100 block of South Fairfield, has been the subject of a nationwide manhunt since 1999 after being charged in a criminal complaint filed in U.S. District Court in Chicago with unlawful flight to avoid prosecution following the aggravated criminal sexual assault of a Chicago woman.
In March 1998, Urbina was arrested by the CPD and later charged with kidnapping, brutally beating, and raping a woman in Chicago. Subsequent to his arrest, Urbina was released on bond pending his trial in Cook County Circuit Court. While out on bond, Urbina was also suspected of assaulting and bludgeoning to death 22-year-old Gabriella Torres. Her body was found in the trunk of an automobile, which had been abandoned in an alley in the 2300 block of West 50th Street in Chicago. The vehicle had been set on fire and Torres’ body was badly burned. Urbina has since been charged with this crime as well. Attempts to locate and apprehend Urbina by local police were unsuccessful, as he had apparently fled the state.
On July 20, 1999, a federal arrest warrant was issued for Urbina and on August 26, 2006, a provisional arrest warrant was signed by a Mexican Federal Magistrate. Despite extensive investigation, including the case being profiled nationally on “America’s Most Wanted” and locally on “Chicago’s Most Wanted,” Urbina remains at large and his whereabouts are unknown. As such, the FBI is renewing its request for assistance from the public in locating and apprehending this wanted fugitive.
In making this announcement, Mr. Grant noted the continued threat to the community that Urbina poses. Said Mr. Grant, “Fidel Urbina is wanted for his alleged role in two brutal attacks directed against innocent women. These crimes have demonstrated his violent nature and the need to locate and apprehend Urbina before he can strike again. We are hoping that the publicity associated with this case, along with the significant reward being offered, will lead to his arrest.”
Urbina, who is a Mexican national, is described as a Hispanic male, 37 years of age, 6’0” tall, having a medium build, and weighing approximately 170 pounds. He has black hair, brown eyes, and a severely pockmarked right cheek. He has been known to use numerous aliases, including the names Lorenzo Maes, Fernando Ramos, and Fidel Urbina Aquirre.
The search for Urbina is being coordinated by the Chicago FBI’s Violent Crimes Task Force (VCTF), which is comprised of FBI special agents, detectives from the Chicago Police Department, and Cook County Sheriff’s Police investigators.
Urbina is the 497th person to be placed on the FBI’s Ten Most Wanted Fugitives list, which was established in 1950. Urbina replaces Adam Christopher Mayes, who was wanted for the murder of a woman and her daughter and the kidnapping of her two small children from their home in Tennessee.
A reward of up to $100,000 is being offered for information leading to the location and arrest of Urbina. Anyone recognizing him or having any information as to his current whereabouts is asked to call the Chicago FBI at (312) 421-6700 or the nearest law enforcement agency.
Given the nature of the charges filed against him, Urbina should be considered armed and dangerous.
Additional information about this case and the FBI’s Ten Most Wanted Fugitives program can be found online at www.fbi.gov.
The public is reminded that a complaint is not evidence of guilt and that all defendants in a criminal case are presumed innocent until proven guilty in a court of law.
Will "Mob Wives Chicago" Knock Off The "Real Housewives"?
VH1 attempts to challenge the "Real Housewives" throne by expanding its mafia-centric franchise into the Windy City.
By 2011, The Real Housewives empire had spread itself conspicuously thin with formualic spinoffs stretching from Beverly Hills to Manhattan. True, cliques of social-climbing, bourgeois women playing out their often petty dramas while the cameras rolled had proven to be a lucrative enterprise, but by the time the Miami franchise debuted last year — let's face it — the whole endeavor was feeling a tad stale.
To the rescue came Mob Wives, VH1's gritty challenger to the Housewives throne, which infused a whole new level of violence, passion and heartbreak into the gender-centric genre. Created by Jennifer Graziano, the daughter of Bonanno crime family consigliere Anthony Graziano, the show's characters were as vivid and conflicted as those found on The Sopranos or in Goodfellas. Comprised of Drita D'Avanzo, Renee Graziano, Karen Gravano and Carla Facciolo, the original cast was unlike any found in reality television at the time. But because Hollywood has never learned the virtue of leaving well enough alone, two highly rated seasons of Mob Wives have brought us the invitable expansion of this new fledgling empire.
Mob Wives: Chicago, like all five of the Real Housewives sequels that followed Orange County, doesn't try to tinker with the original recipe. In fact, it apes every opening move of the first series save for the change of setting. As with its forerunner, the premiere episode introduces us to a cast of brassy, foul-mouthed, mafia-connected women before tossing them together with an ample amout of tequila in a bar to see how long it will take for a fight to break out.
"I may be a nice girl, the average mom rolling her grocery cart down the street, but there's a bitch in here if you bring her out," boasts Christina Scoleri, the daughter of one-time mob thief Raymond Janek.
All too happy to help bring out Scoleri's inner bitch are Renee Fecarotta Russo, a pretty blond with a boob job whose uncle, "Big John" Fecarotta, was said to be a loan collecter and hit man for the mob, and Pia Rizza, a stripper and mother whose dirty cop dad testified against his mafia bosses before disappearing into the witness protection program.
"People say I'm a judgmental bitch, but I'm about class, respect and loyalty," a gesticulating Russo says in a cut away shot. "And if you don't show me that, well then we're gonna have a f***ing problem."
Among Russo's problems is Rizza's chosen line of work, and, because no self-respecting mob wife (not a literal description, mind you) could ever be accused of shyness, she makes it known that she intends to tell her as much before the conclusion of episode one.
"I try to keep it real, so I think now is a pretty good time to tell Pia how I feel about her," Russo says.
The oddball center of gravity of the cast is Nora Schweihs, daughter of notorious mob hit man Frank "The German" Schweihs. If the conceit of Mob Wives Chicago is to be believed, Schweihs has gotten the old gang back together again after returning to town in a quest to dig up father's grave to make sure his body resides in the casket.
"Nora gets a bad rap, because a lot of people think she's f***ing nuts," Rizza, who has known Schweihs for more than a dozen years, explains.
Mob Wives Chicago's stellar production team — which includes Graziano, Bob and Harvey Weinstein, Meryl Poster, Ben Silverman, Jimmy Fox, Banks Tarver, Ken Druckerman, Nina Diaz and Jack Tarantino — obligingly fill out the cast with Leah Desimone, the short-fused daughter of alleged mob associate William "Wolf" DeSimone. Showing little patience for the behind the back gossip that typifies the show, DeSimone offers a near constant stream of violent invectives.
"Who wants a friend like that?" DeSimone tells Scoleri while shopping for clothes. "If somebody treated me that way I would hit them in the head with a shovel."
Preoccupied with amping up the animosity among its cast before the aforementioned bar blowout, Mob Wives Chicago doesn't feel nearly as organic as the original show. Instead of delving into conflicted feelings about the mafia that made Graziano and Gravano such interesting characters on Mob Wives, we are given gratuitous plot lines and a pacing that makes the show feel more like Basketball Wives LA.But the biggest problem for the Chicago version is that we've now seen this type of character before, and it feels like the new cast has spent a fair amount of time watching the first show so as to perfect their tough girl schtick. While Chicago may not be the last Mob Wives spinoff we'll see before this juggernaut is laid to rest, its staying power will require tapping into something new from its characters other than sassy hometown boosterism.
"I don't care what my father did, I don't care what the next person's father did," DeSimone says without apparent signs of irony, "Keep your fucking mouth shut, that's what Chicago's all about."
Thanks to David Knowles
By 2011, The Real Housewives empire had spread itself conspicuously thin with formualic spinoffs stretching from Beverly Hills to Manhattan. True, cliques of social-climbing, bourgeois women playing out their often petty dramas while the cameras rolled had proven to be a lucrative enterprise, but by the time the Miami franchise debuted last year — let's face it — the whole endeavor was feeling a tad stale.
To the rescue came Mob Wives, VH1's gritty challenger to the Housewives throne, which infused a whole new level of violence, passion and heartbreak into the gender-centric genre. Created by Jennifer Graziano, the daughter of Bonanno crime family consigliere Anthony Graziano, the show's characters were as vivid and conflicted as those found on The Sopranos or in Goodfellas. Comprised of Drita D'Avanzo, Renee Graziano, Karen Gravano and Carla Facciolo, the original cast was unlike any found in reality television at the time. But because Hollywood has never learned the virtue of leaving well enough alone, two highly rated seasons of Mob Wives have brought us the invitable expansion of this new fledgling empire.
Mob Wives: Chicago, like all five of the Real Housewives sequels that followed Orange County, doesn't try to tinker with the original recipe. In fact, it apes every opening move of the first series save for the change of setting. As with its forerunner, the premiere episode introduces us to a cast of brassy, foul-mouthed, mafia-connected women before tossing them together with an ample amout of tequila in a bar to see how long it will take for a fight to break out.
"I may be a nice girl, the average mom rolling her grocery cart down the street, but there's a bitch in here if you bring her out," boasts Christina Scoleri, the daughter of one-time mob thief Raymond Janek.
All too happy to help bring out Scoleri's inner bitch are Renee Fecarotta Russo, a pretty blond with a boob job whose uncle, "Big John" Fecarotta, was said to be a loan collecter and hit man for the mob, and Pia Rizza, a stripper and mother whose dirty cop dad testified against his mafia bosses before disappearing into the witness protection program.
"People say I'm a judgmental bitch, but I'm about class, respect and loyalty," a gesticulating Russo says in a cut away shot. "And if you don't show me that, well then we're gonna have a f***ing problem."
Among Russo's problems is Rizza's chosen line of work, and, because no self-respecting mob wife (not a literal description, mind you) could ever be accused of shyness, she makes it known that she intends to tell her as much before the conclusion of episode one.
"I try to keep it real, so I think now is a pretty good time to tell Pia how I feel about her," Russo says.
The oddball center of gravity of the cast is Nora Schweihs, daughter of notorious mob hit man Frank "The German" Schweihs. If the conceit of Mob Wives Chicago is to be believed, Schweihs has gotten the old gang back together again after returning to town in a quest to dig up father's grave to make sure his body resides in the casket.
"Nora gets a bad rap, because a lot of people think she's f***ing nuts," Rizza, who has known Schweihs for more than a dozen years, explains.
Mob Wives Chicago's stellar production team — which includes Graziano, Bob and Harvey Weinstein, Meryl Poster, Ben Silverman, Jimmy Fox, Banks Tarver, Ken Druckerman, Nina Diaz and Jack Tarantino — obligingly fill out the cast with Leah Desimone, the short-fused daughter of alleged mob associate William "Wolf" DeSimone. Showing little patience for the behind the back gossip that typifies the show, DeSimone offers a near constant stream of violent invectives.
"Who wants a friend like that?" DeSimone tells Scoleri while shopping for clothes. "If somebody treated me that way I would hit them in the head with a shovel."
Preoccupied with amping up the animosity among its cast before the aforementioned bar blowout, Mob Wives Chicago doesn't feel nearly as organic as the original show. Instead of delving into conflicted feelings about the mafia that made Graziano and Gravano such interesting characters on Mob Wives, we are given gratuitous plot lines and a pacing that makes the show feel more like Basketball Wives LA.But the biggest problem for the Chicago version is that we've now seen this type of character before, and it feels like the new cast has spent a fair amount of time watching the first show so as to perfect their tough girl schtick. While Chicago may not be the last Mob Wives spinoff we'll see before this juggernaut is laid to rest, its staying power will require tapping into something new from its characters other than sassy hometown boosterism.
"I don't care what my father did, I don't care what the next person's father did," DeSimone says without apparent signs of irony, "Keep your fucking mouth shut, that's what Chicago's all about."
Thanks to David Knowles
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