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Episode 13: Diamonds Aren't Forever | Cover Your Assets

Diamonds aren't forever // Cover your assets

Diamonds Aren't Forever | Cover Your Assets

A financier and real estate developer with a sterling reputation ends up in bankruptcy court. And, a CEO is charged with overseeing accounting fraud to inflate his company's worth to investors while pocketing a fortune.

Video Clips

  • Diamonds aren't forever  Monday, 18 Nov 2013 | 12:00 AM ET

    Michael R. Mastro is the focus of one of Seattle's largest forced chapter 7 bankruptcies and is losing every asset he owns. But his wife, Linda refuses to part with her two giant precious stones.

  • His word was his bond  Monday, 18 Nov 2013 | 12:00 AM ET

    Son to working-class Italian immigrants, Michael Mastro's beginnings are humble. He works with his father as a ditch digger and by the 1970's he is a self-made millionaire.

  • Have you seen Michael and Linda Mastro?  Monday, 18 Nov 2013 | 12:00 AM ET

    If you have any information regarding Michael Mastro or his current assets, call your local FBI office.

  • CEO Dreams  Monday, 18 Nov 2013 | 12:00 AM ET

    Before his face is on "Most Wanted" posters, Tomo Razmilovic is exalted in the business press as a hard-charging CEO who gets results.

  • Phony figures and fear  Monday, 18 Nov 2013 | 12:00 AM ET

    In 2001 Symbol Technologies claims it has met or exceeded Wall Street predictions for 30 consecutive quarters. The company's new CEO is allegedly determined not to break that streak.

  • Have You Seen Tomo Razmilovic?  Monday, 18 Nov 2013 | 12:00 AM ET

    Tomo Razmilovic has been criminally charged with 13 counts of securities fraud in a multi-million dollar accounting scandal.

  • Damaged by 'Friends and Family'  Tuesday, 19 Nov 2013 | 12:00 AM ET

    James Rigby discusses the phone calls he receives from victims of Michael Mastro and his "Friends and Family" investment group.

  • Profits at any cost  Tuesday, 19 Nov 2013 | 12:00 AM ET

    Plaintiffs' attorney Glen DeValerio says Symbol Technologies created fictitious employees in some of its financial schemes.

Case Files

  • Sincerely, Michael R. Mastro Tuesday, 19 Nov 2013 | 3:53 PM ET

    This letter was sent to “Friends and Family” investors by Michael Mastro in Sept. of 2008 to assure them Mastro Properties was still going strong and thriving in a down economy.

  • Statement of charges Tuesday, 19 Nov 2013 | 4:12 PM ET

    Charges brought against Michael Mastro by the State of Washington Department of Financial Institutions.

  • Wanted poster for Tomo Razmilovic Tuesday, 19 Nov 2013 | 4:17 PM ET

    Tomo Razmilovic is the former CEO of Symbol Technologies. He is accused of carrying out a $200 million fraud scheme.

  • U.S.A. against Tomo Razmilovic Tuesday, 19 Nov 2013 | 4:19 PM ET

    Indictment from June 2004 against Tomo Razmilovic and other Symbol Technologies employees.

Articles