Florida Office of Financial Regulation

South Florida Mail Man Arrested in Alleged Investment Scam

11/24/2015

For Immediate Release                               
Tuesday, November 24, 2015
 
Contact: Jamie Mongiovi
(850) 410-9709
 
Katie Norris
(850) 410-9826
                                                                                                                       
South Florida Mail Man Arrested in Alleged Investment Scam
 
Tallahassee, Fla. – The Office of Financial Regulation (OFR) today announced the arrest of Lawyer Stanley Jr. by the Hallandale Beach Police Department for his role in an alleged gold and diamond investment scam. Stanley is charged with one count of organized scheme to defraud, one count of first-degree grand theft and one count of third-degree grand theft. He was booked into Broward County Jail where he is currently being held on a $50,000 bond.
 
“It is important to always be on guard when investing your money, even if someone seems trustworthy,” said OFR Commissioner Drew J. Breakspear. “The OFR urges all consumers to verify the license of the company or individual before doing financial business with them.”
 
“Thank you to our partners in the Hallandale Beach Police Department and the Miami-Dade County State Attorney’s Office for their diligent work in this case,” said OFR Acting Chief of Financial Investigations Alex Toledo. “I am proud of our investigative team who work tirelessly to bring financial criminals to justice.”
 
The OFR investigation revealed that from approximately September 2006 through September 2013, while employed as a letter carrier for the United States Postal Service, Stanley purportedly solicited potential investors for a fake gold and diamond investment opportunity in Africa. He is alleged to have solicited investments primarily from residents on his mail route, co-workers and acquaintances. Stanley allegedly promised some investors that he would double their investments and guaranteed certain investors millions of dollars in returns on investment. In addition to the gold and diamond ventures, Stanley also persuaded victims to invest in a large scale infrastructure project for which he claimed to have exclusive contracts with governments in Africa. However, the majority of investor funds are believed to have been spent by Stanley on personal living expenses or taken as cash withdrawals. At least $2.1 million is alleged to have been invested by victims of this scam.
 
If you are a victim of financial fraud or to report suspicious activity, file a complaint online at www.flofr.com or call (850) 487-9687.
 
# # #