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Concert Promoter Sentenced for Ponzi Scheme — FBI - Vimarsana News

Concert Promoter Sentenced for Ponzi Scheme — FBI

Concert Investment Scam Hits a Flat Note Andres Fernandez was a smooth-talking concert promoter who told people he could make them wealthy investing in the glamorous industry. While he claimed he couldn’t give too much information on the business, he did promise up to a 100% return on investment. Instead, his more than 50 investors were swindled. Victims lost more than $20 million, ranging from $5,000 to $7 million per victim. Fernandez and an associate lived on that money and re-paid prior investors in a Ponzi-like scheme. Fernandez actually did do some concert promotion work, mostly worki...

Source: fbi.gov
Man sentenced for concert investment scheme - Vimarsana News

Man sentenced for concert investment scheme

ORLANDO, Fla. (AP) — A Florida man was sentenced Monday to four years and nine months...

Source: sfgate.com
Florida man imprisoned after stealing $7M from investors who thought he produced concerts for Pitbull, Kanye West - Vimarsana News

Florida man imprisoned after stealing $7M from investors who thought he produced concerts for Pitbull, Kanye West

Edison Denizard and Andres Fernandez, of Orlando, claimed they were helping produce and promote concerts The Weeknd, Kanye West, Pitbull and Garth Brooks, when in fact the Securities and Exchange Commission said their company only promoted a handful of concerts for “lesser-known artists at small Orlando-area venues.”

Orlando man imprisoned after stealing $7M from investors who thought he produced concerts for The Weeknd, Kanye West - Vimarsana News

Orlando man imprisoned after stealing $7M from investors who thought he produced concerts for The Weeknd, Kanye West

Edison Denizard and Andres Fernandez, of Orlando, claimed they were helping produce and promote concerts The Weeknd, Kanye West, Pitbull and Garth Brooks, when in fact the Securities and Exchange Commission said their company only promoted a handful of concerts for “lesser-known artists at small Orlando-area venues.”