DD Support Board and Research Team

[nodummy]

Thanks for sharing! That was fast. Good to see the the regulators didn't stay naive forever about what was so obvious to us.

http://www.justice.gov/usao-sdny/pr/recidivist-securities-fraud-defendant-extradited-and-charged-manhattan-federal-court

http://www.sec.gov/news/pressrelease/2015-285.html

http://www.sec.gov/litigation/complaints/2015/comp-pr2015-285.pdf

Link to the Criminal Indictment:

http://www.justice.gov/usao-sdny/file/800796/download




I see Edward Durante was hiding out in Germany not in the Ukraine or Russia.

Great news that they extradited him and he is now in custody in the US.

They really should keep much closer tabs on these con men after they get out of prison. It's kind of embarrassing that the courts bought Durante's story that he was poor and couldn't make payments towards his previous $39m fine all while Durante was spending $9m+ on a lavished lifestyle. More than once the court granted him and his wife permission to go on extended vacations in Europe where he spent hundreds of thousands of dollars of money he took from the inexperienced investors he conned. What were they thinking? At least in the end Durante got stopped and will now probably end up spending the rest of his life in prison.


Durante's attorney buddy, Brenton Horner, and his wife, Svetlana Durante, should also be charged for their roles in assisting in the new scams in my opinion.

Ethel Schwartz, Martin Schwartz, Hyman Schwartz, John Fasalo, and Samuel Friedman are names that should be noted because they popped up over and over again while looking into Edward Durante.


They only mention VGTL, but I'm sure Durante made a lot of money from HWICQ, PDGO, and QLTS as well.