[funsec] Shocker: Smiling Bob is A fraud

[Paul Ferguson]

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Via SFGate.com (AP).

[snip]

A federal court jury on Friday found the owner of a company that sells
"male enhancement" tablets and other herbal supplements guilty of
conspiracy to commit mail fraud, bank fraud and money laundering.

Steve Warshak, whose conviction was reported Friday by The Cincinnati
Enquirer, is founder and president of Berkeley Premium Nutraceuticals,
which distributes Enzyte and a number of products alleged to boost energy,
manage weight, reduce memory loss and aid restful sleep.

Warshak, 40, could face more than 20 years in prison and his company could
have to forfeit tens of millions of dollars.

Prosecutors claimed customers were bilked out of $100 million through a
series of deceptive ads, manipulated credit card transactions and the
company's refusal to accept returns or cancel orders. They said
unauthorized credit card charges generated thousands of complaints over
unordered products.

Warshak's mother, Harriett Warshak, also was convicted of conspiracy, bank
fraud and money laundering.

[snip]

More:
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/02/22/financial/f1745
14S38.DTL

- - ferg

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--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/