A private investigator hired to check on an alleged Ponzi schemer found he was holding a number of suspiciously profitable yard sales.
Alleged Ponzi schemer Stan Kowalewski still owes investors millions after settling charges with the SEC of misappropriating $8.6 million in investor funds without admitting or denying wrongdoing earlier this year. The SEC had frozen his assets to help investors recoup their funds.
But as of this weekend, he was holding his fourth profitable estate sale, and it appears as though he’s selling as much from his house as physically possible, including all of the doors. There’s also some concern about his starting up investing again.
From the North Carolina News Record:
“I have seen where it looked like they were taking doors out of the house,” said Stellfox. “He (Kowalewski) told me they’d rented a house down in Pawleys Island. I know that he’s looking at a couple business deals down there because he’s tried to get some of the people around here to invest with him.”
Another neighbor called Stellfox’s attention to doors being removed from the house in recent weeks, Stellfox said.“He said, ‘It looks like they’re pulling every door in the house out.’ ”
This is concerning for two reasons. One, because it looks like he’s practically gutting the house before the SEC has a chance to sell it and return the profits to his allegedly de-frauded investors. And two, it’s hurting property value for his neighbors, they told the News Record.
The court-appointed receiver working on the SEC’s lawsuit against alleged Ponzi schemer Stan Kowalewski grew suspicious when Kowalewski suddenly cancelled homeowner’s insurance on his $1.7 million home in South Carolina.
So the receiver’s lawyer, David Dantzler, hired a private investigator.
Dantzler reported that the investigator couldn’t get inside Sunday, but he noticed that an exterior screen door and at least one outside light fixture had been removed — leaving a hole and exposed wiring where the base had been.
http://liarcatchers.com/fraud_investigation.html
-
Recent Posts
- Wrongful Death Police Looking For Tips in Double Murder
- Private Detective: Stolen Truck Recovered in Whitley Co., Four Arrested
- Private Detective: Stabbing Happens During Burglary
- Private Detective: Man Kidnapped Family and Forced Them to Take Him to Target
- Private Detective: Floyd County Man Arrested For Child Abuse
Recent Comments
Archives
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
Categories
Liar Catchers Private Investigation Lexington KY