angel cruz
Most ambitious F-State scam ever
Feds indicted Angel Cruz, 49 (and who's still on the loose, though a reporter found him), accusing him of this plan: OK, you start a not-for-profit organization, and you hire immigrant workers and enter into business contracts with companies, but you also start something called United Cities Group, which, OK, work with me on this, issues its own currency, and then, with a straight face, you pay some of the workers and some of the contractees with UCG markers, and then, to show you've really got balls, you open an account at Bank of America in Miami and transfer some of your UCG "funds" there, like "$214 million" worth, and to complete the cycle, you get all huffy when BofA declines to let you withdraw greenbacks based on your "deposit," and you announce you're gonna take over the bank. (Bonus: The reporter managed to find one of the UCG clients, who said he still believes in Cruz and in fact had recently signed over his home to him.) Orlando Sentinel
Feds indicted Angel Cruz, 49 (and who's still on the loose, though a reporter found him), accusing him of this plan: OK, you start a not-for-profit organization, and you hire immigrant workers and enter into business contracts with companies, but you also start something called United Cities Group, which, OK, work with me on this, issues its own currency, and then, with a straight face, you pay some of the workers and some of the contractees with UCG markers, and then, to show you've really got balls, you open an account at Bank of America in Miami and transfer some of your UCG "funds" there, like "$214 million" worth, and to complete the cycle, you get all huffy when BofA declines to let you withdraw greenbacks based on your "deposit," and you announce you're gonna take over the bank. (Bonus: The reporter managed to find one of the UCG clients, who said he still believes in Cruz and in fact had recently signed over his home to him.) Orlando Sentinel
Comments
All Angel has to do it "appoint" one of his "subjects" to the job. Maybe they can get an ambassedor into the UN too 😊
Posted by Jules in Connecticut on 08/25/08 at 12:50 PM
He certainly is ambitious, in a cartoony way.
Posted by kingmonkey in Athens, Ontario on 08/26/08 at 02:06 PM
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