Burton Greenberg is a 75-year-old great-grandfather who victims said portrayed him self as a financial Expert. Greenberg got them to invest in a $10 million investment fraud. This Wizard is going to federal dejecting prison for to eight years
Greenberg begged for whim at his sentencing. Moreover, he began summarizing faith based teachings on repentance in addition to atonement. As such, he shared with U.S. Center Judge?James Cohn:?
I will probably carry my remorse and shame throughout my life.
Rather Greenberg’s movement of atonement fell even with Judge Cohn:
Quite honestly, Mr. Greenberg, you can conjure religion all you want. I’ve found it unavailing. In fact, I have discovered it offensive.
Greenberg’vertisements belated apologies also called hollow for two involving his victims. Bob Schug and Scott Serafin traveled by New York to Ft Lauderdale to testify how a fraud devastated their own families.?
Serafin also recalled?the actual sinking feeling within his stomach as he saw that his family ended up being ripped off. In addition, they claimed Greenberg ripped these off to the beat of $1 million.?
Serafin kept in mind how Greenberg made him or her self sound like the Guru of Oz.
Serefin came to the conclusion his tale being financially raped by Greenberg. The guy told the court:?
It provides me with great pleasure to see him sitting there inside green jumpsuit and handcuffs.
This would-be Wizard pleaded guilty about November 6, 2015, that will charges of conspiracy theory to commit line fraud.
Greenberg was President/CEO of M&P Global Financial Services. M&P would have been a Florida-based corporation that signed agreements in ’01 with Global Financial Fund 8, LLP.?
Global Economical Fund 8, LLP?solicited in addition to received over $10 mil from investors situated throughout the United States. This actually also included residents in the Northern District most recent York.
Greenberg also accepted used the funds to make separate investment funds on his own behalf.
In addition, Greenberg tried to avoid detection of diverting revenue by?orchestrating the fee of phony profit withdrawals to investors. These types of payments were just a partial return of these principal investment.
Furthermore, by 2004 to The year 2013 Greenberg repeatedly assured the investors via e-mail that the investments were safeguarded and profitable as he knew this was fake.