In June we wrote about Anderson Scott Hall, head of Abaco Securities International. At the time, Hall was awaiting trial on 20 counts of wire and mail fraud. Prosecutors say he bilked millions of dollars from teacher and school district employees near Jacksonville, Florida. Hall’s case was scheduled for trial in August but a federal […]
Justice Delayed – The Story Of Anderson Scott Hall & Abaco Securities
From 2006 through 2011, Anderson Scott Hall and the company he ran, Abaco Securities International, were household words in Jacksonville, Florida. Abaco conned many Duval County teachers and administrators into turning over their hard earned savings. Prosecutors say millions in savings. Hall’s clients were promised stable, secure investment returns from 6 to 18%. Instead of being invested, […]
Ponzi Scheme Rocks Miami’s Cuban Community
[Post updated May 2021] Some of the largest Ponzi schemes are those that target a specific religion or ethnic group. These so called affinity frauds work because people in closed communities tend to trust one another more than outsiders. For Gaston and Teresita Cantens, their $135 million fraud scheme targeting Cuban exiles came to a […]