Convicted Felon Out On Supervised Release Arrested In Lost Pet Fraud

January 25, 2012


FINRA Hits Merrill Lynch With Historic $1 Million Fine For Circumventing Mandatory Arbitration During Collection of Employee Promissory Notes : Convicted Felon Out On Supervised Release Arrested In Lost-Pet Fraud

BY BILL SINGER, "Street Sweeper"

image thumbnail - see full story for attributions
Lose your puppy? Here's a way to also lose your investment dollars

If the name "Eric Stein" rings a bell, it's likely because you saw him featured on CNBC's  "American Greed".  Stein was sentenced to eight years in federal prison for his role in a 1990s television commercial scam that victimized some 1,750 investors out of an estimated $50 Million.  

On the other hand, Eric Stein's name may also be familiar to you because it appears that after engaging in a multi-million dollar fraud, as detailed in the CNBC expose, he seems not to have stayed on the remorseful course that he proclaimed he had found at the end of that show.

READ Bill Singer's "Street Sweeper" Column today!