Three Lethbridge Residents Charged In Ponzi Scheme : B93.3 FM : Lethbridge's #1 Hit Music Station : Lethbridge News, Alberta
B93 FM Lethbridge

 
Home /Local News Feed /
Three Lethbridge Residents Charged In Ponzi Scheme

 
 
LETHBRIDGE:   A 2-and-a-half year investigation has lead the RCMP Integrated Market Enforcement Team to charge three Lethbridge residents in a Ponzi scheme.

Marisa Campanelli-Pittarelli, 63, was arrested in the city Wednesday and remains in custody until a bail hearing on July 13th. Arrest warrants are out for 42-year old Anthony Pittarelli, and 36-year Claudia Pittarelli.  All three face four charges, including theft over $5000, Fraud over $5000, Money Laundering and Possession of the Proceeds Of Crime.

  It's alleged the trio defrauded a B-C investor of over $560,000 between April1, 2009 and October 31, 2010,  in an operation which offered a high rate of return through the resale of event tickets. It's also alleged that there was no legitimate resale business, that investors were paid from other  investor funds and that the accused used investors' money for personal gain.

Additional information as supplied by RCMP:

The above charges are only part of an ongoing criminal investigation into the operations of these three individuals and their related business ventures. The police believe that the three accused operated Front Row Tickets of Lethbridge, Alberta and other related ventures and perpetrated a Ponzi scheme which defrauded hundreds of investors in Western Canada and the United States. They promised high rates of return through the resale of event tickets. Returns varied but were as high as 100% or more, payable in a short time period. It is alleged there was no legitimate ticket resale business and the funds were taken from one investor to pay other investors.

Front Row Tickets were the subject of an Alberta Securities Commission regulatory action.

The Calgary IMET worked with the Public Prosecutions Services of Canada, Alberta Justice, FINTRAC (Financial Transactions and Reports Analysis Centre), Lethbridge Regional Police Service and Alberta Securities Commission on this ongoing investigation.

Anyone who has information or believes they have been victimized in this scheme is asked to call 403-292-8673 to provide their information to investigators.



Posted on Thursday, June 30, 2011 at 4/16/2014 1:16:52 PM
Source: Dori Modney with files from RCMP
 
 
Latest News Articles

 
Lethbridge College Offers New Communication Program
Thursday, June 30, 2011 : 4/16/2014 1:16:52 PM
 
Unique Software Program Wins Master's Students Innovation Category at Microsoft's Imagine Cup Canada
Thursday, June 30, 2011 : 4/16/2014 1:16:52 PM
 
Plant Donations For Flood Victims - Share The Bounty
Thursday, June 30, 2011 : 4/16/2014 1:16:52 PM
 
Palliser Dealing with Discriminatory Language at Faith-Based Schools
Thursday, June 30, 2011 : 4/16/2014 1:16:52 PM
 
Rachael Harder Plans To Seek Federal Conservative Nomination
Thursday, June 30, 2011 : 4/16/2014 1:16:52 PM
Home /Country 95.5 FM News


 
 

 




 
B93.3 FM
Home Promotions
Station Blogs
On Air Events
News  
Other Links
Contact Us Alberta Equity Scholarship Program
Legal Notice Advertise with B93.3 FM
Privacy Policy  
Connect with B93.3 FM