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Jason Galanis iBill scammer indicted for securities fraud

Quote:

By LARRY NEUMEISTER Associated Press
NEW YORK

A man once dubbed "Porn's New King" was arrested in Los Angeles on Wednesday on charges he scammed a Native American tribe and others of more than $60 million.

Charges against Jason Galanis and six others were announced by U.S. Attorney Preet Bharara in Manhattan. Defense lawyers did not immediately comment.

Prosecutors said Galanis and others lied to the Oglala Sioux tribe from March 2014 through April about how proceeds from its bonds would be invested. They said the dealings occurred with the Wakpamni Lake Community Corp., an economic development corporation arm of the Oglala Sioux tribe of the Pine Ridge reservation in South Dakota.

The government alleges that Galanis and the others spent most of the proceeds on homes, cars, travel and jewelry. It said they duped investors into buying the bonds as well. Galanis was charged with conspiracy to commit securities fraud, conspiracy to commit investment adviser fraud and investment adviser fraud.

Read more here: Man once dubbed 'Porn's New King' is charged in tribal fraud | The Sacramento Bee

He is out on a $3 Million bond ... Man Fined for Penthouse Statements Charged With Stock Fraud - Bloomberg

I hope they throw the book at him. This may be the only chance they get.

I hope the tribe can secure appropriate accountability from these scumbags.

This is what is called karma. Sooner or later bad people will get what is deserved.

Fabian, Mallick, Galanis, all added to the list.

Quote:

Originally Posted by Rochard (Post 20889257)

This is what is called karma. Sooner or later bad people will get what is deserved.

:1orglaugh 3 to 5 in the low level prison ( out in 2 for good behaviour) and then back to his millions :thumbsup

this cocksucker will learn better cock sucking skills soon

Quote:

Originally Posted by Paul Markham (Post 20889665)

Fabian, Mallick, Galanis, all added to the list.

list of what? bros?

IBill left with $6k of my money, others were hit extremely hard.

Great find thank you :thumbsup

... always comes around.

Quote:

Originally Posted by Jigster715 (Post 20889209)

I hope the tribe can secure appropriate accountability from these scumbags.

Do they run casinos ?

Quote:

Originally Posted by JFK (Post 20892779)

Do they run casinos ?

The Oglala are not one of the casino wealthy tribes. They are one of the poorest tribes in the country. On a positive note, if pot legalizes then they are ready to be in the hemp biz. They grow every year and the government eradicates it but that hopefully is about to change.

The Oglala are the tribe of Sitting Bull, Red Cloud, Crazy Horse, Black Elk, Russell Means - many famous and legendary Oglala.

Hopefully Galanis is facing his own personal Little Big Horn.