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Scam: #346

Scam Alert


  • Posted By: Anonymous
  • Submitted: 03/04/2010
  • Severity: 10

Gaston Cantens and Teresita Cantens

Ripping off the Cuban-Americans

Miami, Florida

Gaston Cantens and Teresita Cantens have been charged a with running a Ponzi scheme that bilked $135 million. They would sell promissory notes to investors after acquiring various properties and later financing their sale.

The Cantens attracted investors by promising real estate investments with ``safe and secure'' annual returns between 9 and 16 percent. When things went south, they took new money to pay old investors.. Typical Ponzi Scheme..

Scam Images

Ripping off the Cuban-Americans


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