1. SUITE SCAMS.
- Author
-
Goldstein, Matthew
- Subjects
VIRTUAL offices ,INVESTMENT advisors ,HEDGE funds ,INVESTORS ,WALL Street (New York, N.Y.) ,STOCKBROKERS ,CORRUPTION - Abstract
The article focuses on the practice of sharing virtual offices as facades for financial fraud. The creation of virtual office complex at 67 Wall Street in New York City is detailed. Particular attention is paid the activities of hedge fund manager, Robert J. Sucarato, who is under investigation for deceiving investors. Sucarato shared an office at 67 Wall St. with dozens of others for $100 a month. The way fraudulent companies use virtual address to build credibility with investors is discussed. INSET: RENT-A-SPACE.
- Published
- 2008