Financial friendship turns sour

For a decade, Helen Alpert, an 86-year-old from Lauderhill, thought of Doria Sabia-Lawrence as much more than her Merrill Lynch financial adviser. Full Story
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Concerned

Miami, FL

#89 May 13, 2011
I hear his house is up for foreclosure and maybe he did maybe he did not get scammed and lost all of the hedge fund money.....BUT he should be held accountable....laws should be enforced so that he cannot continue to prey upon the elderly, unsophisticated and uneducated investors that cannot afford HIS LOSSES!!!! He still must be brought to justice...wish there were people out there that would and could get together and get this scum off of the streets.
Boca Raton woman

Boca Raton, FL

#90 Aug 17, 2011
interesting conversation wrote:
I have used mark for many year as an accountant.
I have had no problem's with him except he is very hard to reach during tax time.
Now, if you ahve redemptions or felt he did somthing wrong get an lawyer.
I have read over this thread and I am shocked that many people here talk a lot but no action. I see people write call here and call here. This is a country that sues everyone for everything. So sue him.
Now, what I have noticed is only about 2 people here have had any problems with Mark the rest have gone here, as I have because I we googled our accountant. I confirm this with what viperman said that Palm Beach Sheriff's Department had no compaints on mark.
I wish I did'nt have to work every day I would love to just sit here and chat, post every day etc... That was a joke!
I have just had Mark do my taxes for the third year and see no problem. I am concerned at some of these problems others have had. As at tax preparer I thought he was sincere and informed. I could be wrong, I hope I am not. Has anything changed since your post here?
Informed

Miami, FL

#91 Aug 24, 2011
Read all pages in this Blog....search on google the scam hedge fund he calls Green Oak Hedge Fund scam and see his sham of an adventure.....Look thru these pages and see that he has scammed unsophisticated and elderly people that though they 'knew' this 'man'...HE took their money, plenty of it and scammed them out of life savings.....WAKE UP!
NYC Pigeon

New Milford, NJ

#92 Jun 19, 2012
It's been about 10 months since the last post. Does anyone have an update or any type of info on Colodne? Was his hometaken away? Did he flee to South America with his wife? Did his wife leave him? Is this phenomenal twerp still providing accounting services or better yet...providing legal services?

Years removed from Colodne stealing my money and I
will now and forever feel the ramifications. This is a very dishonest person who should not be called a man...who didn't even have the guts to contact his clients and offer some type of explanation. Who didn't put any effort in collecting on the judgement won in Utah.
If you are doing business with him you're putting money in the pocket and food on the table of one of the worst person walking this planet. This is not a "feel sorry for me" posting but a sincere plea that this person does not deserve a moment of your time or a cent of your hard-earned money.
Boca Girl

Oyster Bay, NY

#95 Aug 13, 2012
Also he had/has a partner Lennard Conticello is another THIEF and FRAUD!!!

Did I say he promised in writing that he would return the money in a sign affidavit by October 2007... That never occured

He confessed to use that there was never a HEdge Fund....
We spoke to Glenn Zalk who is listed as the Account for the HEdge Fund Green OAk and he said Colodne is a fraud!!!!!
Boca Girl

Oyster Bay, NY

#96 Aug 14, 2012
Chris wrote:
The Reason I asked my questions is because he has done great by me too. I will not trust my taxes with no other person. I will agree with the person above me he is under staffed and could use some assistance but thats about it.
I had my post regarding "What does Mark tell you when you ask for funds back" Not one person relied. I would think if people here are in real need or having problems getting money back they would have wrote somthing.
If anyone replied to this post please say how much you have invested and what he has told you.
Also when did you try to redeem your funds?
If Im not mistaken (I maybe wrong) Hedge funds redemtions are done quaterly Meaning you can only take funds out In certain times.
He says he does not have them.... He makes promises, and draws up contracts and never delivers....
He said there is no hedge fund! Seriously he is a great crook! Always did great with my taxes too!!!
Boca Girl

Oyster Bay, NY

#97 Aug 14, 2012
Viperman wrote:
IMPORTANT !!!! All people that have lost money to Mark Colodne MUST IMMEDIATELY call the Palm Beach Sheriff's Department and report to them what has happened to you !!! Besides myself, the Sheriff's Dept claims that NO other person has called them and reported the loss of money at the hands of Mark. I can't believe this !!! What this boils down to is that Mark has been running a PONZI SCAM and is continuing too, with 2 open Corporations in place. PLEASE make that call and contact me on this thread..
WE did that but they would not get involved
Boca Girl

Oyster Bay, NY

#98 Aug 14, 2012
Boca Raton wrote:
Reading this and its ridiculous. I've checked into this really carefully about Mark. FIrst of all Janice James did not get wronged!!! She got back all....all of her money...all $157,000 of it. Not a penny was missing. What is she bitching about? He did not steal anything. If you care to look in court records, the Fund won a lawsuit in Federal court in Utah for $2.2 million and is collecting on it. He is a hard working guy. Has a lot of tax and accounting clients that LOVE HIM!!...including me!! These are just malicious lies!!
Clearly this is Mark trying to defend himself!
Boca Girl

Oyster Bay, NY

#99 Aug 14, 2012
Weird how sooo many innocent people have the same story!!!
You lied!! and stole our money! God knows how you can sleep at night Mark and LEnny Conticello!!!!
Call To Action

Pompano Beach, FL

#101 Aug 18, 2012
Janice James was screwed out of a very large sum of money by Mark Colodne. Whoever reported that 'she got all of her money back' wonder who gave them that 'figure'....wonder if that is Mark's wife stating this or maybe it's Mark responding!!!!! Janice also has direct knowledge of many people that he scammed money from including 2 dear friends that together had over 500K scammed from them by Mark.
Mark even sent his partner in crime Lennie over to their house to get the last bit of money from them and had brought only signature pages for them to sign...Problem is that nobody really knows who or where to report him to. The ball was really dropped when Mike Ward from the Florida Division of Financial Services became ill. Whoever took over the case really dropped the ball!!! Simply write to the New York Bar Association and tell them! All of the people he scammed have the same story...Mark held him self out as an 'attorney' and a 'sophisticated and seasoned investment professional' he had his 'clients'(victims) simply fill out the signature pages and he finished paperwork and indicated that their net worth was over 1Mil when he knew these people were not! He did their taxes!!!!
One person in Florida has gotten a judgement against him for $250K and you can also google Mark's mugshot after his arrest for not appearing in court!!!
Another person has been smart and actually wrote to the New York Bar Association and they are taking this seriously and going after him!!! I suggest that everybody that invested with him write to THE NEW YORK BAR ASSOCIATION....all of the stories are the same...maybe it's time again to wake up the sleepy Florida Division of Financial Affairs....let them pick up the Mark Colodne file!!!
Call To Action

Pompano Beach, FL

#103 Aug 18, 2012
Boca Girl wrote:
<quoted text>
Clearly this is Mark trying to defend himself!
You are correct in my opinion. The 'Greenoak Hedgefund won against someone that cannot be collected from....one of Mark's 'Business Associates that was having Mark launder money for them....think of it...money went into one company then passed to another and another...Mark claims he got screwed by buying electronic parts as an investment??? His partner in crime promised Mark 5% return??? Thought the "STRATEGY" was options and that Mark was 'uniquely' qualified for that and had a TRADING STRATEGY that was simple and produced steady returns that met or exceeded 5% SOUND FAMILIAR???....soooo WHAT WAS HE DOING 'INVESTING' with some guy that was selling electronic components to another country.....what happened to the 'STRATEGY' and mission of what GreenOak was supposed to do??? If Mark DID give out perspectives there was NO mention of anything other than trading.....and what the payment for shipment was ummmm "held up by customs in where was it Mark??? Belgium...yes that was it....come on for God's sake. The man is dumb as a fox....write to the NY Bar Association and call Florida Department of Financial Services and tell them to pick up that file again! Also be sure to call the WPB Police as another person recommended here!!!!
Boca girl

Brooklyn, NY

#104 Aug 18, 2012
Call To Action wrote:
<quoted text>
You are correct in my opinion. The 'Greenoak Hedgefund won against someone that cannot be collected from....one of Mark's 'Business Associates that was having Mark launder money for them....think of it...money went into one company then passed to another and another...Mark claims he got screwed by buying electronic parts as an investment??? His partner in crime promised Mark 5% return??? Thought the "STRATEGY" was options and that Mark was 'uniquely' qualified for that and had a TRADING STRATEGY that was simple and produced steady returns that met or exceeded 5% SOUND FAMILIAR???....soooo WHAT WAS HE DOING 'INVESTING' with some guy that was selling electronic components to another country.....what happened to the 'STRATEGY' and mission of what GreenOak was supposed to do??? If Mark DID give out perspectives there was NO mention of anything other than trading.....and what the payment for shipment was ummmm "held up by customs in where was it Mark??? Belgium...yes that was it....come on for God's sake. The man is dumb as a fox....write to the NY Bar Association and call Florida Department of Financial Services and tell them to pick up that file again! Also be sure to call the WPB Police as another person recommended here!!!!
Please call Kevin culley from the nys bar! I believe I posted his number earlier If not email me
NYC Pigeon

New Milford, NJ

#106 Aug 31, 2012
Are you saying that Len Conticello confided to you that there never was a Green Oak Hedgefund? We need to stay on track here and know that anyone who's answering on a positive note on this blog is either a shill for Colodnie or Colodnie himself.

Was Glenn Zalk willing to talk about this? How many out there are still following this...we need to take some sort of rollcall! Just answer this post ASAP.
Confused

Lake Worth, FL

#110 Sep 16, 2012
Mark was the one who said that , after he invested in CPU's and the fund was broke!!
It would be in your best interest to call the contact at the NY BAR. We donot need a roll call. Everyone who truly has an interest in this should not procrastinate any longer. It's a simple phone call. The only thing I am confused about is why most people have not called sooner. The clock is ticking. Call tomorrow.
Confused

Lake Worth, FL

#112 Oct 22, 2012
It,s been over a month since ttheI last post, has anyone made a effort to contact the N.Y. BAr.?.? Well it's most likely to late for that. Therefore, u have no right to complain! U r all too late!!!!!!! U r all talk n No action. That's why MArk can continue to do what he does.....
Trusting Person

Boca Raton, FL

#116 Jan 21, 2013
As of last year (2012) he was still doing taxes. I know becasue I was subject to an audit and he did a poor job of representing me. I never gave him money to invest but I would not recommend him to do your taxes. I feel it was a mistake to use his services and advice. As far as I know Mr Colodne is still in business. Ye he is terrible at returning calls and I was very disappointed in how he handled my business. I didn't know he had a history of hurting others when I used him. I have since moved on to a very responsive and professional CPA. He is in the South FLorida area and his name is Noel Escobar Jr of Tally Consulting.
Mad as hell

Fort Lauderdale, FL

#118 May 15, 2013
I also used Mark for my 2011 and 2012 tax returns and just last week I got a notice form the IRS that what they received from my employers and what was filed on my returns were two different things causing them to claim that I owe around $6500! I have been trying to contact Mark for a week and a half now and no return. I have a feeling that he probably sent the wrong information or maybe he's pulling a scam on me as well. I wish I had learned about him before using him but I am now stuck with dealing with a problem with the IRS.
Viperman

Southwest Brevard Cnty, FL

#120 Apr 12, 2014
Any updates on where Mark is now? It was my life savings and now illness has it's grip on me , but I'm broke and in my 60's.If you read this Mark, may you rot in Hell for what you've done !!!!!!!!!!
Boca girl

Boynton Beach, FL

#122 Jun 17, 2014
Well we may not get our money back .... BUT
There is some vindication .......

MARK COLODNE was disbarred by the NYS Bar disciplinary committee

If only Florida would do something !!!!
For the People

Pompano Beach, FL

#123 Jul 6, 2014
Yes he was and rightfully so. Go read the disbarment info and you really see what Mark Colodne is all about. That is sad as it only scratches the surface. Too bad there are still so many people here in Florida who did not have the chance to be counted in his egregious acts that were presented. Taking money from people all the while knowing that it was a scam. Preying upon unsophisticated people that were and probably still today are willing to give him money to invest and still trusting him to prepare their taxes.

I bet he still claims that he is an attorney (He was disbarred June 17, 2014) and is out there still...at large, scamming, scheming and stealing.....wonder what his next move is...and for anyone that reads the New York State 2014 NY Slip Op 04453 Matter of Mark Colodne ( or you can just do a web search 'Mark Colodne disbar nyc' and you get same results) If you still trust him after what little has been able to be brought to the surface here, I truly feel sorry for you. I hope that one day this all catches up to him and he is punished legally and appropriately for his crimes.

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