Al Coringrato aka Albert Coringrato, the father of Clayton was charged in Federal court and in State court for fraud.
He was ordered to pay restitution to his victims, but always maintained that he had no funds by which to repay his victims in Florida.
He set-up an office in Tampa, Fl in order to convince clients of his ability to invest their money. He never repaid his victims and the money disappeared.
The total estimate is over $500k in cash that Coringrato took from elders. The facts are verified and the victims have lodged complaints.
But, as with most cases of fraud, finding the loot is always the hang-up and the victims being embarrased as to being so foolish, have a very difficult time in dealing with losing their savings to such a cunning crook.
For all that we see, with financial fraud in the US, the game goes on and there are always many losers.
Al Coringrato has told his children that they can be "stars", yet the SEC and the court system does not feel that their Father is one.
Miami court case and Tampa court case are on file, under Albert Coringrato and Al Coringrato for reference.



