A man who decided to plunge $174,000 into gold coins he saw advertised on Fox News is now regretting his decision after losing roughly $70,000 on the investment.
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Operation Deimos
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Paul Geraci, 45, of Parkland, Florida, pleaded guilty today for his role in a large investment scheme in which he and others defrauded investors out of approximately $21 million by falsely claiming that investors’ money would go towards the development of a lucrative mobile gaming app that, in reality, never launched and generated no revenue during the scheme. 
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Department of Justice U.S. Attorney’s Office District of New Jersey FOR IMMEDIATE RELEASE Wednesday, August 17, 2022 Barred Broker Dealer Charged with $1 Million Investment Scheme and Fraudulently Obtaining $96,000 Cares Act Loan
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