OH BOY, this is not good! Boa breeder arrested

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Originally Posted by JLC

Has anyone noticed that the article being shown around is almost a year old? I'd be far more interested in current updates than old news. Not that old news isn't sometimes relevant....it just gets annoying to see it discussed as if it just happened yesterday.

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I agree but it appears it's news to a lot of people.

http://www.sokolovelaw.com/blog/prec...-investors#top



This is not a year old yet and discusses the situation further. It is not out of the ordinary for these cases to go out beyond a year in the courts. There are other articles but I'm using a cellphone and can't take the time to link them all.

Here is another. http://arrestfiles.org/publicinfo/manuel-j-frade
And one more. http://www.corporationwiki.com/Flori...j-frade-manuel
From what I see the case is sill moving forward so the initial headline may be older but it's not over. I'd hold off on sending $$$ for a new snake from them based on the initial article and classifieds feedback at this point.

I realize that this is a necro thread but there was a resolution in the case last year.
http://www.flofr.com/StaticPages/doc...eklyReport.pdf

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Defendant Sentenced for Operating a Boiler Room in Broward County
On February 25, 2016, Manuel Frade pled guilty to one count of scheme to defraud and one count of securities fraud (Chapter 517.301, F.S.). On the same date, Frade was adjudicated guilty and sentenced to two years of prison to be followed by 10 years of probation. Frade was also ordered to pay $438,334.00 in restitution, $100,000 of which was paid immediately. Frade along with another co-defendant, Angel Quinones, operated a boiler room that was used to solicit individuals into investing in precious metals. After the solicitations, which were done through Integrated Market Capital Investments (d.b.a. Midas Asset Exchange), investors typically received account statements that showed the alleged purchase of the precious metals. Investors claimed that Frade and Quinones led them to believe that the metals listed on the account statements would be stored for them in a vault or other safe place until such time as they desired to sell. The OFR investigation revealed that only a small portion of the more than $2 million invested was used to trade possessory rights to precious metal inventory, and none of money invested was used to purchase or store the physical metals. Instead, the majority of the money obtained from investors was used to pay business expenses and for the personal benefit of Frade and Quinones.

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