Thursday, April 24, 2014   

Fugitive American sought for alleged financial fraud nabbed in Peru
(12-12 14:17)

Peruvian police nabbed a man they said was among the FBI and Interpol's most wanted swindlers, on the run since 2005.
Eric Bartoli Orlandini, 61, was wearing a sweatsuit and sneakers and did not resist arrest in Chorrillos, on Lima's southern end, Colonel Oscar Llatas told a news briefing in Lima, Wednesday.
Bartoli, also known as Enrico Orlandini, cheated investors in the United States and Peru out of some US$65 million, Llatas said.
A 2010, warning by the US Securities and Exchange Commission said he was previously sued by the SEC for securities fraud, and that he may “currently be located in Peru and engaged in securities solicitations of investors, using the alias Enrico Orlandini.’’
The SEC said then that “Bartoli/Orlandini is operating through a company named DT Analysis aka Dow Theory Analysis SAC.’’
The FBI notice on Eric V. Barrtoli, lists his place of birth as Lansing, Michigan and said that he is wanted for his alleged involvement in a ponzi scheme.
“During 1995 through 1999, Bartoli allegedly created and operated Cyprus Funds, Inc., (Cyprus), which was based out of Doylestown, Ohio, and incorporated in Central America and Belize. Bartoli and his co-conspirators allegedly operated Cyprus to sell certificates of deposit and unregistered mutual funds. Cyprus raised approximately US$65 million from an estimated 800 investors in Latin America and the United States. Additionally, some of Cyprus's victims included retirees.’’
Peru police found in his possession three passports – Peruvian, Argentine and American – all of them fakes.
“Once he got hold of clients' money, he would take off without a trace,'' Llatas explained.
The United States is seeking his extradition. But Peruvian authorities did not immediately say if or when extradition might happen.—AFP/The Standard

   
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