Claudio Osorio of Miami, FL, admitted responsibility in US District Court last week to running a large-scale investment scam. Under his plea agreement with federal prosecutors, Osorio pleaded guilty to two charges of wire fraud conspiracy and another charge of money laundering conspiracy. The 54-year-old Osorio, honored as Entrepreneur of the Year in 2007 by… Continue Reading
Tag Archives: Miami
New Clawback Suit Over Miami Booster’s Massive Ponzi
Posted in Ponzi ProfilesA new clawback suit has been filed in the Nevin Shapiro saga. Shapiro, known for his role as a generous booster of the University of Miami’s athletics program, masterminded a $930 million Ponzi scheme that defrauded 60 investors from 2005 to 2009. The 43-year-old Shapiro left for a twenty-year vacation to federal prison after his… Continue Reading