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Transcripts For KNTV NBC Bay Area News At 6 20140731

He was running a ponzi scheme, lying to investors. Reporter we shined a bright light on his dealings, investments that started with ads like this, promising a 10 on return on investments into his car dealership. Mr. After collecting 1. 3 million from investors, he stopped making Interest Payments and didnt want to answer our questions about their money. Reporter will you explain, will you explain sir, please stay away from him. Please dont touch the camera. Please dont push me. Excuse me. What do you say to the people who want to know where their money is . Why do you think he enter thad guilty plea . I think he looked at the evidence against him. And realized . I cant he defend this. However, i wont be satisfied until each one of those victims gets every dollar that theyve lost in this scam. Reporter satisfaction . There can never be any satisfaction in a situation like this. Its just been heartbreaking. I think he probably thought that he was invincible. By tennering a plea and not t

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