Episode 5: Phony Phone Calls | Heavy Metal Fraud

Heavy Metal Riches to Rags
A supposed golden parachute becomes a lead balloon when admitted conman Luis Ferreira hooks investors into buying non-existent precious metals and escaping with their money / And pay phone king, Slobodan Lunic, is accused of selling investors their own pay phones. He allegedly collects $37 million, and promises huge returns one quarter at a time. That is, until he ends the conversation by fleeing from fraud, racketeering, and money laundering charges.

Case 1: Phony Phone Calls

A Chicago executive leads the life of a king. Slobodan Lunic has planes, boats and motorcycles. But Lunic builds his fortune one quarter at a time…operating payphones. Lunic with his partner Scott Holmberg have allegedly taken in $37 million in a payphone ownership investment scheme.

Holmberg is arrested, but Lunic manages to escape. He's a fugitive from justice, wanted by the FBI.

Case 2: Heavy Metal Fraud

Luis Ferreira is a telemarketing tycoon, siphoning millions from naïve investors. He runs a South Florida metal brokerage firm called Spyker Consulting. Ferreira claims to be selling an opportunity for financial security. But instead he lines his own pockets with client money. Ferreira admits to the con, but rather than face prison he disappears. He's a wanted fugitive and could be on the end of the next sales call you receive!

The Fugitives Extras

  • How to Get $37 million From a Pay Phone     Thursday, 23 Aug 2012 | 12:00 AM ET

    See how two Chicago men attempt to corner the market in pay phones, while keeping their investors holding on the line for any returns.

  • Kevin DeChant     Thursday, 23 Aug 2012 | 12:00 AM ET

    Kevin DeChant, Co-owner, IFG National, LLC, describes trips he would go on with fellow co-workers and Slobodan Lunic.

  • Steve Starr     Thursday, 23 Aug 2012 | 12:00 AM ET

    Steve Starr, a former investor with Spyker Consulting, explains how much information telemarketers want from you.

  • Watch Out for Gold Investment Scams Wednesday, 29 Aug 2012 | 10:58 AM ET

    Learn how fraudsters use the phone to bait and hook investors into a precious metal scam and how to avoid becoming a victim.

  • Civil Complaint Wednesday, 12 Sep 2012 | 10:33 AM ET

    Read the accusations leveled against Luis Ferreira and his company Community Affairs, Inc. by the Federal Trade Commission. (Source: Public Domain)

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