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Telemarketer convicted at securities fraud. (The Digest).


A salesman with a Canoga Park telemarketing firm has been sentenced to 37 months in federal prison and ordered to pay $4.5 million in restitution to defrauded investors.

Authorities charged Aldo Tarallo, 71, of conning victims into believing that they were investing in companies about to go public. Assistant U.S. Atty. Steve Olson said investors across the country lost a total of about $6.2 million in the scam.

A federal jury convicted Tarallo in November on six counts of securities fraud and four counts of mail fraud. Tarallo, free on $250,000 bond, was given until July 22 to surrender to serve his sentence so that he can make arrangements for the care of his seriously ill A patient is seriously ill when his or her illness is of such severity that there is cause for immediate concern but there is no imminent danger to life. See also very seriously ill.  wife.

The firm's president, David Allan Colvin, 57, of Chatsworth, pleaded guilty last year and was sentenced to 78 months in prison. Sales manager sales manager ngerente m/f de ventas

sales manager ndirecteur commercial

sales manager sale n
 John Larson John B. Larson (born July 22 1948), American politician, has been a Democratic member of the United States House of Representatives since 1999, representing Connecticut's At-large congressional district (map). , 51, was sentenced to 42 months in prison after pleading guilty.

According to evidence presented during Tarallo's two-week trial, the telemarketers touted investments in an assortment of companies they claimed were on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955.  of going public. The companies included one that supposedly could detoxify de·tox·i·fy
v.
1. To counteract or destroy the toxic properties of a substance.

2. To remove the effects of poison from something, such as the blood.

3.
 a drug addict within 15 minutes and another that was developing a guide to adult sex sites on the Internet.
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Article Details
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Publication:San Fernando Valley Business Journal
Article Type:Brief Article
Geographic Code:1U9CA
Date:May 27, 2002
Words:211
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