WIVB-TV News4 Buffalo, NY |Federal ag...

WIVB-TV News4 Buffalo, NY |Federal agents raid financial firm i...

There are 916 comments on the WIVB Buffalo story from May 15, 2008, titled WIVB-TV News4 Buffalo, NY |Federal agents raid financial firm i.... In it, WIVB Buffalo reports that:

The company's under investigation for ripping off the elderly. Federal authorities raided this Sweet Home Road investment business Thursday after a three-year-long investigation.

Join the discussion below, or Read more at WIVB Buffalo.

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Hottie

Helena, MT

#1082 Oct 18, 2013
I also am a victim of Watermark's fraudulent ponzi scam. They have been using the assets from a large trust that my grandfather created decades ago by stealing the identity of the beneficiaries and changing the name of the trust. The false, altered copies of the securities they supplied to investors were actually securities that are from the trust. Think this is over?? Think again!! I am coming for what you have taken from my family, and I know exactly how you did it and who did it. I am going to bring down your ENTIRE organization and expose your true intentions. Mark my words!!
uninformed

Wimauma, FL

#1083 Dec 24, 2013
Samouilidis is continuing his scams out of Florida. Beware!
uninformed

Palm Beach Gardens, FL

#1086 Jan 13, 2014
I'm not comfortable discussing it online. He looks for victims who have money, or have inherited money and preys on them. He's very good at what he does. Raise the red flag if he approaches you.
me too

Fort Lauderdale, FL

#1087 Jan 19, 2014
uninformed wrote:
I'm not comfortable discussing it online. He looks for victims who have money, or have inherited money and preys on them. He's very good at what he does. Raise the red flag if he approaches you.
I've been approached by him. He was trying to explain a letter of credit, wanting me to use it with my bank. Very convoluted story that made no sense what so ever. The amount of money was in excess of a billion and some how tied into an oil deal. I didn't pay much attention, but figured it was a scam being that I would have to pay a large chunk of this so called loan back with the first month or two.
angry

East Hartford, CT

#1089 Jan 27, 2014
Omg come on folks where the hell is our money what about his kids or Lorenzo this is insane I worked for 25 years and I have nothing where is the money?????????
Galsintowanda

Jenison, MI

#1092 Dec 28, 2014
Lorenzo Altadonna was judged today
Duped

Palm Beach Gardens, FL

#1096 Feb 9, 2015
Is he dead yet wrote:
Altadonna is a lying thief! Anyone who is on his side is a freaking idiot! How can he and his family hold their heads so high and act like he did nothing wrong? He better move out of this area because like the old saying goes "What comes around goes around". Someone out their is watching. I know if he stole from me I would think about getting even with them every moment of every day!!!
The Greek stole an additional $200,000 from Altadonnas father. You think the Ponzi scheme was bad... Take a good hard look at the Greek / Samouilidis that ripped off Watermark M-One! He needs to be stopped now. He's a money laundering, lying sociopathic thief!
Duped

Palm Beach Gardens, FL

#1097 Feb 9, 2015
angry wrote:
Omg come on folks where the hell is our money what about his kids or Lorenzo this is insane I worked for 25 years and I have nothing where is the money?????????
The Greek / Samouilidis stole it from Lorenzo and Watermark! That is where your money is. Tell the SEC to go after him harder. The man is still FREE, ripping people off, and has numerous bank accounts he's opened with fictitious information. If you don't believe me, research his partner in crime Kristen M. Nuss who ran a bogus credit repair scam and walked off with over $5,000,000. Why aren't they being stopped???
Interested

Baltimore, MD

#1104 Apr 3, 2015
Very interesting. How does his sidekick Chris Dillon fit in with all this?
Interested

Arlington, VA

#1108 Jul 15, 2015
Any updates?
michigan

Lewiston, MI

#1110 Jul 24, 2015
Interested wrote:
Very interesting. How does his sidekick Chris Dillon fit in with all this?
He gets the money from innocence people that worked hard for their savings. Makes them believe they are in a safe investment and it will grow. Me and my friends have lost all the savings we had, thanks to Chris Dillon.
Claw of Justice

North Tonawanda, NY

#1111 Nov 12, 2015
There are videos on YouTube called "Bubble Flow Redemption" about Guy Gane and his gang of thieves. It seems to be the story being told from the perspective of one of the officers of a company called Bubble Flow and how two of the other officers or directors got involved with Ian Gent and Guy Gane. The company ended up tanking. The two in the Bubble Flow company that got involved with Gane and Gent are Daniel Kornacki and Thomas Doran. In the first video, Doran is talked about as being a real estate guy. I Googled his name and as it turns out he along with other people started RealtyUSA. You've got to wonder whether he had anything to do with Gane's bogus real estate scam.
rhogrebe

Bloomfield Hills, MI

#1113 Apr 14, 2016
Len Smith had my elderly father invest $100,00 as a 3 year investment into the i2i account with Chris Dillon. Received a very small amount of money the first year and have been chasing him since. Terrible, terrible people. Anything anyone can help me with would be appreciated!
Payback

Buffalo, NY

#1114 Jun 4, 2016
rhogrebe wrote:
Len Smith had my elderly father invest $100,00 as a 3 year investment into the i2i account with Chris Dillon. Received a very small amount of money the first year and have been chasing him since. Terrible, terrible people. Anything anyone can help me with would be appreciated!
Contact the FBI in Buffalo NY. They know of Dillon and would be very interested.
Toocoolforschool

Buffalo, NY

#1116 Dec 1, 2016
Christopher Dillon, 52, of Lancaster, NY, pled guilty on Thursday, November 10, 20166, to conspiracy to commit wire fraud. The charge carries a maximum penalty of 20 years and a fine of $250,000.

According to the court documents, between May 2010 and November 2013, Dillon conspired with others to fraudulently obtain money and property from investors. As part of the scheme, Dillon and co-conspirator Gilbert Lynagh formed two companies i2i Capital LLC and i2i Settlement Partners LLC which were incorporated in Delaware but listed a business address in Lancaster, NY.

Thereafter, Dillon, Lynagh and other conspirators caused 27 victims to invest over $5,000,000 in i2i Capital and/or i2i Settlement Partners. False and fraudulent representations were made to victims regarding the nature of the investment and the associated risks, durations and rates of return. Victim funds were wire transferred from the victims bank accounts to bank accounts controlled by Dillon and Lynagh at Alliance Bank in Oneida, NY. The majority of victim funds were used by Dillon for personal use. None of the victims received the promised return on their investments, and none saw the return of their original investment funds as promised by Dillon, Lynagh, and other members of the conspiracy. As a result, at least five investors suffered substantial financial hardship by losing retirement or other savings or investment funds.

Gilbert Lynagh was convicted in July 2016 for his role in the conspiracy.

Sentencing is scheduled for March 13, 2017, before Judge Arcara.
Suticat

Columbus, OH

#1117 Jan 16, 2017
Toocoolforschool wrote:
Christopher Dillon, 52, of Lancaster, NY, pled guilty on Thursday, November 10, 20166, to conspiracy to commit wire fraud. The charge carries a maximum penalty of 20 years and a fine of $250,000.

According to the court documents, between May 2010 and November 2013, Dillon conspired with others to fraudulently obtain money and property from investors. As part of the scheme, Dillon and co-conspirator Gilbert Lynagh formed two companies i2i Capital LLC and i2i Settlement Partners LLC which were incorporated in Delaware but listed a business address in Lancaster, NY.

Thereafter, Dillon, Lynagh and other conspirators caused 27 victims to invest over $5,000,000 in i2i Capital and/or i2i Settlement Partners. False and fraudulent representations were made to victims regarding the nature of the investment and the associated risks, durations and rates of return. Victim funds were wire transferred from the victims bank accounts to bank accounts controlled by Dillon and Lynagh at Alliance Bank in Oneida, NY. The majority of victim funds were used by Dillon for personal use. None of the victims received the promised return on their investments, and none saw the return of their original investment funds as promised by Dillon, Lynagh, and other members of the conspiracy. As a result, at least five investors suffered substantial financial hardship by losing retirement or other savings or investment funds.

Gilbert Lynagh was convicted in July 2016 for his role in the conspiracy.

Sentencing is scheduled for March 13, 2017, before Judge Arcara.
I know where he is.

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