{"id":7684,"date":"2019-01-30T09:46:39","date_gmt":"2019-01-30T14:46:39","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7684"},"modified":"2019-01-30T09:46:39","modified_gmt":"2019-01-30T14:46:39","slug":"scott-silver-discusses-102-million-ponzi-scheme-with-video","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/","title":{"rendered":"Scott Silver Discusses $102 Million Ponzi Scheme (with video)"},"content":{"rendered":"

Back in June, we told you about five former brokers<\/a> charged by the SEC when the agency shut down their Ponzi scheme worth $102 million.<\/p>\n

\"What-Keeps-a-Ponzi-Scheme-Running-300x200\"Scott Silver recently spoke with Jennifer Cefalu of WHEC News in Rochester, NY<\/a>, where two of the suspects lived and the scheme originated. The scheme was run by Perry Santillo, Jr. and Chris Parris, with Santillo headlining.<\/p>\n

Santillo, Parris and three others recruited their investors by word of mouth, after buying client lists from brokers. Ultimately, 637 people were defrauded, many in the Rochester area. The entities they represented were not registered with any federal agency like the SEC<\/a> or FINRA<\/a>, nor were any of them registered brokers or investment advisors.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Back in June, we told you about five former brokers charged by the SEC when the agency shut down their Ponzi scheme worth $102 million. Scott Silver recently spoke with Jennifer Cefalu of WHEC News in Rochester, NY, where two of the suspects lived and the scheme originated. The scheme was run by Perry Santillo, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595,591,593,583,580],"tags":[1499,1341,896,295,1344],"class_list":["post-7684","post","type-post","status-publish","format-standard","hentry","category-investment-fraud","category-misappropriation","category-ponzi-schemes","category-sec-actions","category-stockbroker-misconduct","tag-chris-parris","tag-first-nationle-solution","tag-perry-santillo","tag-ponzi-scheme","tag-securities-fraud-attorney"],"yoast_head":"\nScott Silver Discusses $102 Million Ponzi Scheme (with video) — Securities Arbitration Lawyers Blog — January 30, 2019<\/title>\n<meta name=\"description\" content=\"Back in June, we told you about five former brokers charged by the SEC when the agency shut down their Ponzi scheme worth $102 million. Scott Silver — January 30, 2019\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Scott Silver Discusses $102 Million Ponzi Scheme (with video) — Securities Arbitration Lawyers Blog — January 30, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Back in June, we told you about five former brokers charged by the SEC when the agency shut down their Ponzi scheme worth $102 million. Scott Silver — January 30, 2019\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/What-Keeps-a-Ponzi-Scheme-Running.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Scott Silver Discusses $102 Million Ponzi Scheme (with video) — Securities Arbitration Lawyers Blog — January 30, 2019","description":"Back in June, we told you about five former brokers charged by the SEC when the agency shut down their Ponzi scheme worth $102 million. Scott Silver — January 30, 2019","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/","twitter_card":"summary_large_image","twitter_title":"Scott Silver Discusses $102 Million Ponzi Scheme (with video) — Securities Arbitration Lawyers Blog — January 30, 2019","twitter_description":"Back in June, we told you about five former brokers charged by the SEC when the agency shut down their Ponzi scheme worth $102 million. Scott Silver — January 30, 2019","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/What-Keeps-a-Ponzi-Scheme-Running.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Scott Silver Discusses $102 Million Ponzi Scheme (with video)","datePublished":"2019-01-30T14:46:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/"},"wordCount":352,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/What-Keeps-a-Ponzi-Scheme-Running-300x200.jpg","keywords":["Chris Parris","First Nationle Solution","Perry Santillo","Ponzi Scheme","securities fraud attorney"],"articleSection":["Investment Fraud","Misappropriation","Ponzi Schemes","SEC Actions","Stockbroker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/","url":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/","name":"Scott Silver Discusses $102 Million Ponzi Scheme (with video) — Securities Arbitration Lawyers Blog — January 30, 2019","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/What-Keeps-a-Ponzi-Scheme-Running-300x200.jpg","datePublished":"2019-01-30T14:46:39+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Back in June, we told you about five former brokers charged by the SEC when the agency shut down their Ponzi scheme worth $102 million. Scott Silver — January 30, 2019","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/#primaryimage","url":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/What-Keeps-a-Ponzi-Scheme-Running.jpg","contentUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/What-Keeps-a-Ponzi-Scheme-Running.jpg","width":990,"height":660},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-discusses-102-million-ponzi-scheme-with-video\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Scott Silver Discusses $102 Million Ponzi Scheme (with video)"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/7684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=7684"}],"version-history":[{"count":8,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/7684\/revisions"}],"predecessor-version":[{"id":7692,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/7684\/revisions\/7692"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=7684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=7684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=7684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}