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
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 3/9/2014 1:16:52 PM
Source: Dori Modney with files from RCMP