Daniel Imperato, who unsuccessfully sought the 2008 Presidential nomination of the Libertarian, Reform, Green and Constitution Parties, and ran as independent for Governor of Florida in 2010, has been accused by the US Government’s Securities and Exchange Commission of bilking gullible investors out of about $2.5 million US:
A West Palm Beach businessman defrauded investors of $2.5 million and used some of the cash to pay for his presidential campaign, the Securities and Exchange Commission said this week.
The SEC’s civil suit says Daniel Imperato, 53, schemed to portray his company, Imperiali of West Palm Beach, as a thriving organization “when in fact it was nothing more than a shell corporation.”
Imperato hired telephone salesmen and found 60 investors to buy stock in his company. The pitch sounded promising: Imperiali claimed to own a stable of television and telecommunications companies poised to generate $350 million in profits on $500 million in revenue in 2009.
“In reality, Imperiali’s portfolio companies had no operations, no products or services, and no revenue,” the SEC’s suit says.
H/T George Phillies
32 responses so far ↓
1 Richard Winger // Jan 28, 2012 at 8:27 pm
Finding this story is good reporting. How do you happen to find that, George?
2 George Phillies // Jan 28, 2012 at 9:08 pm
err,
my mystic arcane secret as revealed by the Ancients of Atlantis
(8^))
There is this thing called the “internet” and it has “search services”. I do not — seemed not so important at the time — remember more details, except if you think people are interacting with the SEC can can research this directly.
Sorry to disappoint you if you were looking for something more fabulous, but there are like ten billion web pages and several billion people who can access them.
To which I add
LONG LIVE THE JASMINE REVOLUTION!
3 Darryl W. Perry // Jan 28, 2012 at 9:29 pm
Two of the three top results I got:
http://www.palmbeachpost.com/news/crime/west-palm-beach-man-conned-investors-out-of-2098590.html?printArticle=y
http://www.sec.gov/litigation/complaints/2012/comp22224.pdf
Also, here is a link to the Google News results for “Daniel Imperato”
http://www.google.com/search?q=Daniel+Imperato&hl=en&safe=off&client=firefox-a&rls=org.mozilla:en-US:official&prmd=ivnso&source=lnms&tbm=nws&ei=wK4kT-ewBvOPsAKnm6mMAg&sa=X&oi=mode_link&ct=mode&cd=4&ved=0CAkQ_AUoAw
4 Kim Dead Jung Party, via Lake // Jan 28, 2012 at 10:27 pm
as ambassador from the Vatican city ?????????
5 paulie // Jan 28, 2012 at 11:40 pm
He may have been shooting for an insanity defense, in addition to laundering money.
6 paulie // Jan 28, 2012 at 11:42 pm
LOL.
I think Richard was asking what caused you do to do a search on Imperato at this particular time.
7 Richard Winger // Jan 29, 2012 at 12:12 am
#6, thanks, you’re exactly right.
8 Let the T-Rex of Talk Radio Entertain U2day // Jan 29, 2012 at 12:49 am
And to think Ccaappoozzii was his main supporter for the nom. and he did this wow ! BTW- anyone fooled by this man pretty much deserved what they got ! can I get an Amen ?!!!
Well I guess I shouldn’t be condoning FRAUD should I, claiming to be an L myself and all…….
9 paulie // Jan 29, 2012 at 12:55 am
What are you talking about?
10 Tom Blanton // Jan 29, 2012 at 1:04 am
I’m shocked, shocked to find that a con man would seek the LP nomination to be its presidential candidate.
It’s hard to believe that a narcissistic sociopath with delusions of grandeur would be involved with LP politics.
11 Tom Blanton // Jan 29, 2012 at 1:12 am
On the other hand, perhaps we shouldn’t rush to judgment. So far, Imperato has only been accused of fraud.
It could be that his only crime was engaging in good old American-style capitalism with an overly optimistic outlook on his ability to be successful.
For all we know, the SEC charges are merely brought about by some petty bureaucrat’s envy of Imperato’s wealth and jealousy of his success in life.
12 Let the T-Rex of Talk Radio Entertain U2day // Jan 29, 2012 at 1:29 am
@9 It’s a JOKE, a friendly “poke” at good ole RC. Imperato received “one” vote iirc. Think what a crushing blow that must have been to his ego, wearing his medal and all……..
13 paulie // Jan 29, 2012 at 1:32 am
Yes, more recently I’ve heard he paid for that one vote.
He also got one vote at the Constitution Party convention according to wikipedia.
14 Ad Hoc // Jan 29, 2012 at 8:50 am
Surprise, surprise, surprise!
15 NewFederalist // Jan 29, 2012 at 1:06 pm
I wonder what Catholic Trotskyist thinks about this?
16 George Phillies // Jan 29, 2012 at 1:16 pm
@6 You are assuming I did the search.
as I said
“several billion people who can access them.
To which I add
LONG LIVE THE JASMINE REVOLUTION!”
I have any number of friends in places like Florida where there was press coverage who might have concluded that I would find this amusing.
17 George Phillies // Jan 29, 2012 at 1:19 pm
And then, Paulie, I thought you would find it amusing.
But he was not the biggest smoke and mirrors expert running for our 2008 nomination. Or our 2004 nomination.
18 Rob Banks // Jan 29, 2012 at 3:21 pm
Who do you think was he biggest each year and why?
19 Bill Blair // Jan 29, 2012 at 5:24 pm
Loooool! It was about time for Impewacko to be exposed for the crooked fraud that he is.
20 Catholic Trotskyist // Jan 29, 2012 at 7:19 pm
Thanks NF. I am confident that my fellow Catholic papal ambassador and spiritual warrior Daniel Imperato will be exonerated from these false charges. Daniel Imperato should have been nominated by all third parties in 2008, which would have provided a fusion campaign opportunity which would have either helped Obama, or possibly even won. I did contact Imperato about the Catholic Trotskyist Party, but he never responded. I am glad he is still active in politics somewhat.
21 paulie // Jan 29, 2012 at 7:26 pm
Thanks, I did!
Confirms a long standing suspicion.
22 Here's a radical idea // Jan 30, 2012 at 8:22 am
@ 10
“Which” LP candidate for POTUS are you talking about? Is there more than one that fits your comments?
23 Bill Blair // Jan 30, 2012 at 10:39 am
If he goes to jail, he can seek the nomination of the Pound Me In The Ass Party.
24 Rob Banks // Jan 30, 2012 at 11:27 am
He may actually win that one.
25 Bill Blair // Jan 30, 2012 at 2:09 pm
By a landslide.
26 NewFederalist // Jan 30, 2012 at 5:32 pm
..or a manslide!
27 Darryl W. Perry // Jan 30, 2012 at 8:46 pm
@23 – some States limit a party name to 15 characters (including spaces, excluding “Party”) – my count on “Pound Me In The Ass Party” is 19.
Can you shorten that?
28 paulie // Jan 31, 2012 at 12:53 am
Sure.
Ass Pounding Party.
29 Kim Dead Jung Party, via Lake // Jan 31, 2012 at 1:34 am
Vladamir Putin: Pound salt Party ??????????
30 RedPhillips // Jan 31, 2012 at 8:53 am
I seriously don’t know how that guy conned anyone. I met him at the CP convention, and he was obviously an odd fellow. Who would trust him with thier money?
31 paulie // Jan 31, 2012 at 8:59 am
People with Altzheimers, probably. On of the reasons a lot of these boiler room scams are down in South Florida is because of all the retirees down there.
32 Jeremy C. Young // Jan 31, 2012 at 9:39 am
Paulie @28, there’s an APP for that.
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