Saturday, November 27, 2010

Feds Say Adviser Bilked Elderly to Support Dancers

Sugar daddy by night?

That's what federal authorities allege a Farmington Hills man amounted to in running a Ponzi scheme in which he conned elderly investors into giving him their money.

Investment adviser Keith Epstein then used the money to financially support three exotic dancers, pay for his gambling habit, travel and art expenditures, and pay interest to other investors, according to a criminal complaint filed in federal court.

Attorney Ron Chapman, who is pursuing three civil suits against Epstein on behalf of clients who were allegedly bilked -- including an 85-year-old widow who lost her life savings -- said of Epstein: "He knows no shame."

Full Article and Source:
Farmington Hills Advisor Bilked Elderly to Support Dancers, Feds Say


Norma said...

Keith Epstein sounds like a pathetic man.

Anonymous said...

Lock him up and throw away the key!

Sam said...

He's a real piece of work.