{"id":1381,"date":"2014-01-22T23:13:25","date_gmt":"2014-01-22T23:13:25","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/01\/family_pleads_guilty_to_10m_ma"},"modified":"2022-03-10T16:39:09","modified_gmt":"2022-03-10T22:39:09","slug":"family-pleads-guilty-to-10m-ma","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/family-pleads-guilty-to-10m-ma\/","title":{"rendered":"Family Pleads Guilty to $10M Massachusetts Ponzi Scam"},"content":{"rendered":"

\t\t\t\tSteven Palladino, his wife Lori, and son Gregory have pleaded guilty to their involvement in a Massachusetts Ponzi scam <\/a>that cost at least victims over $10 million, much of which can never be recovered. Defrauded investors included friends, acquaintances, and a veteran’s group.<\/p>\n

In Suffolk Superior Court this week, Palladino pleaded guilty to criminal charges that implicated him as the lead player in the financial scheme, which he ran through Viking Financial Group. Lori and Gregory also entered their guilty pleas to charges related to the fraud. <\/p>\n

Prosecutors claim the Palladinos promised high returns from high-interest, low-risk loans. The family used investors’ money to pay for a fancy lifestyle, including jewelry and expensive cars. Palladino also reportedly used some of the money for his mistress.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Steven Palladino, his wife Lori, and son Gregory have pleaded guilty to their involvement in a Massachusetts Ponzi scam that cost at least victims over $10 million, much of which can never be recovered. Defrauded investors included friends, acquaintances, and a veteran’s group. In Suffolk Superior Court this week, Palladino pleaded guilty to criminal charges […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3792],"tags":[],"class_list":["post-1381","post","type-post","status-publish","format-standard","hentry","category-ponzi-scams"],"yoast_head":"\nFamily Pleads Guilty to $10M Massachusetts Ponzi Scam — Investor Lawyers Blog — January 22, 2014<\/title>\n<meta name=\"description\" content=\"Steven Palladino, his wife Lori, and son Gregory have pleaded guilty to their involvement in a Massachusetts Ponzi scam that cost at least victims over — January 22, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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