Investment fund execs arrested for de...

Investment fund execs arrested for defrauding victims of $2.7 million.

There are 16 comments on the Federal Bureau of Investigation story from Dec 12, 2012, titled Investment fund execs arrested for defrauding victims of $2.7 million.. In it, Federal Bureau of Investigation reports that:

Abdul Walji, chief executive officer, and Reniero Francisco, president, of Arista LLC, a California-based investment fund, were charged in connection with a six-count criminal complaint, defrauding their investors, and misappropriating millions of dollars, announced U.S. Attorney for the Southern District of New York Preet Bharara and the FBI ... (more)

Join the discussion below, or Read more at Federal Bureau of Investigation.

ex co worker

Fontana, CA

#1 Dec 20, 2012
Wow he finally got caught. Reniero C Francisco always lived on the edge and liked to push the envelope for $$$$$ Karma always comes around!!
ex co worker myself

Scottsdale, AZ

#2 Dec 21, 2012
Such a sad way to end his future. Reniero was never content with what he had. Well, as the famous quote in Wall Street goes. "one more dollar" I hope the best for your family Ren.
Enraged Daughter

West Hollywood, CA

#4 Feb 7, 2013
What an absolute Pratt/vile scumbug/heartless bastard, my poor parents trusted all there retirement money in his hands. I was too young then to know how to help them and recognize the terrible scheme. I absolutely detest this man and if anyone has any tips on how to press charges and help my parents. Please please contact me.

I am heart broken to see my parents well into their retirement broke with a colossal mortgage and no life savings.
Disgusted

West Hollywood, CA

#5 Feb 8, 2013
This man is a heartless lying scumbag, criminal, and thief. He took my parents entire life savings of over 30 years of working and misrepresented what we has investing in. That Aston Martin was their retirement fund. Go to jail vile scum.
Disgusted

West Hollywood, CA

#6 Feb 8, 2013
Enraged Daughter wrote:
What an absolute Pratt/vile scumbug/heartless bastard, my poor parents trusted all there retirement money in his hands. I was too young then to know how to help them and recognize the terrible scheme. I absolutely detest this man and if anyone has any tips on how to press charges and help my parents. Please please contact me.
I am heart broken to see my parents well into their retirement broke with a colossal mortgage and no life savings.
I'm so sorry for your parents, working on something too and will post if anything comes of it.
financially_murd ered

United States

#7 Feb 17, 2013
I thought the cpa was a different person only to find out Abdul was the cpu as well.

Abdul bought a $972,000 house in the process.

A financial nuclear bomb exploded on this.

Reneiro stated that his own, his wife's, and mother's retirement was in the mix as well.
Who knows the validaty.
ex co-worker

Scottsdale, AZ

#9 Mar 27, 2013
is this guy serving any jail time?
stuart

Bellingham, WA

#10 Sep 12, 2013
I need to know; is either defendant serving jail time as we speak? Reniero Francisco? Abdul Walji?
Stephanie

San Pedro, CA

#12 Oct 10, 2013
They plead guilty finally, but I am sure used the time to hide our money. Sentencing is in Nov. I am disgusted, will never trust people again, and sick to know I can never retire with my disabled husband. We ad to buy an accessible an recently and had to buy a 2001. The only money we have is from pulling out if our house in Jan to cover unexpected medical and school bills. I hope he is in jail until he is 99, but guessing he gets less than 10. Making myself dick. Thins for listening.
Stephanie

San Pedro, CA

#13 Oct 10, 2013
Sorry for above typos.
Stephanie

San Pedro, CA

#14 Oct 10, 2013
They plead guilty finally, but I am sure used the time to hide our money. Sentencing is in Nov. I am disgusted, will never trust people again, and sick to know I can never retire with my disabled husband. We had to buy an accessible van recently and had to buy a 2001. The only money we have is from pulling out if our house in Jan to cover unexpected medical and school bills. I hope he is in jail until he is 99, but guessing he gets less than 10. Making myself sick. Thanks for listening.
Stephanie

San Pedro, CA

#15 Oct 29, 2013
Disgusted wrote:
<quoted text>
I'm so sorry for your parents, working on something too and will post if anything comes of it.
What are you working on?
ex co worker LaHabra

Fontana, CA

#17 Nov 15, 2013
stuart wrote:
I need to know; is either defendant serving jail time as we speak? Reniero Francisco? Abdul Walji?
Being sentenced today Nov 15th 2013.....Not too sure what they will get but it will post soon.
Update

Los Angeles, CA

#18 Nov 15, 2013
Reniero got eight years today. No idea how much time he will actually serve.
hey

Scottsdale, AZ

#19 Nov 16, 2013
it's a federal senctence...they don't reduce time for good behavior. there is a 99.9% chance that he will serve the whole 8
Stephanie

San Pedro, CA

#20 Nov 16, 2013
Disgusted wrote:
<quoted text>
I'm so sorry for your parents, working on something too and will post if anything comes of it.
Did you have any ideas yet?

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

US Federal Bureau of Investigation Discussions

Title Updated Last By Comments
News White House adviser asked FBI to dispute Russia... 1 hr Cordwainer Trout 28
News Priebus reportedly asked FBI to dispute reports... 4 hr tomin cali 5
News Trump adviser asked FBI to dispute Russia repor... 12 hr PUTINs POODLE 1
Want to date an FBI agent (Nov '09) Feb 21 bookwriterlady 66
Fulton, N.Y. DEADLY MOTHERS counteract the FAT... Feb 21 Amy zing 9
News The FBI is pursuing 3 separate probes into Russ... Feb 19 Norcross hack 1
News U.S. inquiries into Russian election hacking in... Feb 19 Mikey 3
More from around the web