Just looked him up and found this story: http://www.browardpalmbeach.com/2010-12-16/news/nevin-shapiro-is-the-caligula-of-south-florida-s-ponzi-empire/ gambling debts, 10% commissions, threw away lots of money showing off--not just on UM
On Mon, Aug 22, 2011 at 1:27 PM, Helen Huntley <[email protected]> wrote: > I don't know the details of his case, but I've seen others. I'm sure it > cost plenty to keep the Ponzi scheme going. In addition to repaying earlier > investors, he probably spent money on the creation of fraudulent paperwork > and other things that made the business appear legit. Possibly he paid big > commissions to others who brought him investors. Possibly he paid hush money > to associates who knew or suspected he wasn't on the up and up. Possibly he > made investments in other businesses. Possibly he has a few million stashed > in some foreign bank account. Just some guesses. > > > On Mon, Aug 22, 2011 at 12:42 PM, mail.bobparks.com > <[email protected]>wrote: > >> I would assume he used most of the money paying those earlier investors so >> that new investors would come in. >> You know, a classic pyramid. >> >> Oliver Barry, CRS, GRI >> Real Estate Broker >> Bob Parks, LLC >> 1517 Hunt Club Blvd >> Gallatin TN 37066 >> 615-972-4239 >> 615-826-4040 >> Sent from my iPhone >> >> On Aug 22, 2011, at 11:04 AM, John Vega <[email protected]> wrote: >> >> Has anyone seen an explanation of how Shapiro went through $930 million, >> so much so that he asked players to pay his legal expenses and UM to give >> his 50K back? >> >> At most, I can account for maybe 10 million (that assumes 2 to 3 million >> in "benefits" to UM and its players); and the home and yacht presumably held >> some of their value. >> >> -Zeb >> >> >> On Aug 22, 2011, at 7:16 AM, JunoGator wrote: >> >> Shapiro, who is serving a 20-year sentence for cheating investors in a >> $930 million Ponzi scheme, said he was a UM sugar daddy, providing cash, >> jewelry, cars, prostitutes, strippers, booze, meals and game bounties to >> Hurricane athletes. >> >> Initial clues: Shapiro, 42, was young, rich, flashy and glib. He threw >> parties at his $6 million waterfront home, on his $1.5 million yacht and at >> South Beach clubs. He was panting to rub shoulders with brawny star >> athletes. >> >> Another hint: Shapiro is 5-5. No offense to short people — listen to Randy >> Newman’s song — but Shapiro was a wannabe athlete. Those who can’t play, >> cheer. Or compensate by hanging out with Shaquille O’Neal, who once picked >> up Shapiro and hoisted him over his head like a dumbbell. >> >> The clincher: We’re in Miami, remember? Situated at the bottom of the >> peninsula, this is the drain where scammers circle. Where blood-suckers such >> as Shapiro thrive like mosquitoes. >> >> There were lots of red flags, but Shapiro told Yahoo! Sports he was a >> loyal UM booster — who got his name engraved on a student lounge plaque — >> for nine years. He cited illegal benefits to 72 current and former >> Hurricanes. As an elite contributor who pledged $150,000, he got football >> sideline passes! Seats on the team’s charter! Basketball practice access! >> Scoreboard recognition! Chalk talk with coaches! >> >> >> -- >> GATORS: ONE VOICE ON SATURDAY - NO VOICE ON SUNDAY! >> 1996 National Football Champions | 2006 National Basketball Champions >> 2006 National Football Champions | 2007 National Basketball Champions >> 2008 National Football Champions | >> Three Heisman Trophy winners: Steve Spurrier (1966), Danny Wuerffel >> (1996), >> Tim Tebow (2007) - Visit our website at www.gatornet.us >> >> -- >> GATORS: ONE VOICE ON SATURDAY - NO VOICE ON SUNDAY! >> 1996 National Football Champions | 2006 National Basketball Champions >> 2006 National Football Champions | 2007 National Basketball Champions >> 2008 National Football Champions | >> Three Heisman Trophy winners: Steve Spurrier (1966), Danny Wuerffel >> (1996), >> Tim Tebow (2007) - Visit our website at www.gatornet.us >> > > > > -- > Helen Huntley > (727) 823-3801 > www.helenhuntley.com > -- Helen Huntley (727) 823-3801 www.helenhuntley.com -- GATORS: ONE VOICE ON SATURDAY - NO VOICE ON SUNDAY! 1996 National Football Champions | 2006 National Basketball Champions 2006 National Football Champions | 2007 National Basketball Champions 2008 National Football Champions | Three Heisman Trophy winners: Steve Spurrier (1966), Danny Wuerffel (1996), Tim Tebow (2007) - Visit our website at www.gatornet.us
