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SUCKERFISH

Beware of what is obvious!
Articles Posted: 25  Links Seeded: 512
Member Since: 2/2010  Last Seen: 5/17/2012

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New Tampa Little League all-stars win state, head to Southeastern Regionals (When a Dad takes advantage of a situation for his own scams)

Seeded on Sat Feb 11, 2012 2:43 AM EST
Read ArticleArticle Source: St. Petersburg Times > Local News
us-news, coringrato-tried-for-fraud, never-made-restitution
Seeded by SuckerFish
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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. 

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  • Groups: Open Mic
  • Regions: Jacksonville-Brunswick, Fort Myers/Naples, Mobile/Pensacola/Fort Walton Beach, Biloxi/Gulfport, West Palm Beach/Fort Pierce, Tampa/Saint Petersburg, Baltimore, Atlanta, Miami/Fort Lauderdale, Savannah
  • Public Discussion (4)
SuckerFish

As the kids play ball on-the-field, Dad tries to make financial deals with the parents.

SEC charges in Tampa Federal Court list his involvement in fraudulant schemes. Victims were never paid in the Federal case, nor in the State case in Miami. Al Coringrato used his Westshore office to meet with seniors, widows, a lawyer, a doctor and a dentist along with any investor that was interested in his "good" deals. No one got paid, after he closed his office and started making private deals.

"Buyer beware" is still a good motto to follow, even on a baseball field, while watching your kids play ball.

    Reply#1 - Sat Feb 11, 2012 3:22 AM EST
    SuckerFish

    Coringrato always tells his victims, that he has no money. What happened to the hundreds of thousands of dollars, that he took from them?

      Reply#2 - Sat Feb 11, 2012 3:24 AM EST
      SuckerFish

      There was a list compiled as the investors would come into the office on Westshore, after attending dinner seminars. The list showed the income information, the investments and the ages of the potential customers. As that list left the office, when Coringrato closed the doors, copies were made and more investors became involved in scamming the poor souls.

        Reply#3 - Sat Feb 11, 2012 4:23 AM EST
        SuckerFish

        The "marks" did not want their families to know of the financial loss. Some did make reports. Some did post information on websights about "thieves". Yet, Al Coringrato remains out in the public still trying to make deals and not paying back the investors.

          Reply#4 - Sat Feb 11, 2012 5:25 AM EST
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