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Alleged scammer took $1.4 million

October 13, 2011
Total Loss: $1.4 Million

Kevin Canizaro thought it sounded like a good deal - 4.1 percent interest on a certificate of deposit and visits from a sales representative of G3 Capital Management LLC.

Canizaro, who works in the oil and gas industry in Houston, sent along $250,000 to Cory B. George, who ran G3 Capital Management. Canizaro now figures he may never see the money again.

Source: Forbes
Posted in: ACH and Wire Fraud