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Westlake Village man sentenced to 25 years for life insurance scam

Full story: LA Daily News

A Westlake Village man was sentenced Tuesday to 25 years behind bars for what a federal judge called a "wretchedly greedy" Ponzi scheme that bilked investors -- many of them South Los Angeles church parishioners -- out of more than $44 million.

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Showing posts 1 - 6 of6
Leslie

Arcadia, CA

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Judge it!
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#1
Nov 3, 2009
 
What a self-serving creep.
Sebastion Cabot

Glendale, CA

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Judge it!
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#2
Nov 3, 2009
 
Samoza's investors were equally as greedy.
They all deserved each other.
A wretchedly greedy orgy of self-indulgence, indeed.
Anthony Millwork

Tarzana, CA

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Judge it!
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#3
Nov 3, 2009
 
Kill this bastard before he has any more chances to do anything to anyone.
lou on dubbs

Los Angeles, CA

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Judge it!
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#4
Nov 3, 2009
 
i am surprised he is not armenian .. they commit 95% of all welfare, credit card, and insurance fraud..well he is just as dirty as them..
over 65

Los Angeles, CA

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Judge it!
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#5
Nov 3, 2009
 
How could these people hide the millions of $ and where?
Wonder if local politics were involved?
Chris

Los Angeles, CA

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Judge it!
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#6
Dec 2, 2009
 
hey Sebastian,

You must have a selfish heart to speak that way about the investors. This were all family and friends that believed in him and trust him. It was not one investor that gave him over 60 million and b/c people believed and thought it was a fact doesn't mean they were greedy. When you work over time at work does that mean you greedy?

For all your comments, this two were selfish bastards that only thought of themself and obviously used other innocent peoples money to live a luxury life.

As money came in money it was already gone. He didn't have the 60 million over a night. This was over 3 years which was on two expensive homes, yachts, cars, expensive watchs, employees, and to run an estate monthly which is very expensive.

All culture do this. Mainly WHITE people. I guess you guys dont read the news much.

But, we the people need to put a stop with people running ponzi schemes. With our economy so bad its getting worse. We need to make sure that people in the future that do a ponzi scheme cannot get away with it. Not even 25 years. It should be forlife....
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You'll have difficulty finding equilibrium in your emotional life at the moment; try to control the impulsive side of your character. At work, your usual powers of intuition will be clouded. Fits of feverishness may bother you and break down your energy. If you can get out into the countryside for a walk, you'll feel much better.

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