{"id":19391,"date":"2016-01-15T20:27:36","date_gmt":"2016-01-16T04:27:36","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=19391"},"modified":"2016-01-15T20:27:36","modified_gmt":"2016-01-16T04:27:36","slug":"19391-2","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=19391","title":{"rendered":"Woman Who Ran “Classic Con” That Duped Investors of $1.4 Million Sentenced"},"content":{"rendered":"
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AUSTIN, TEXAS<\/strong><\/span><\/div>\n
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\"Sam_Sparks_District_Judge\"
U.S. District Judge Sam Sparks<\/figcaption><\/figure>\n

A federal judge sentenced 63-year-old Rose Marie O\u2019Reilly<\/strong>, of La Grange, TX, to four years in federal prison for running a con that duped investors out of $1.4 million.<\/span><\/div>\n<\/div>\n

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In addition to the prison term, U.S. District Judge Sam Sparks<\/strong> ordered that O\u2019Reilly pay $1.4 million as restitution.<\/span><\/div>\n
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\u201cO’Reilly ran a classic con with a dazzling twist–offering the allure of collectible silver antiques and pink diamonds. Like all Ponzi schemes, at its core was a simple scheme to defraud investors and use their money for her own gain,\u201d said U.S. Attorney Richard L. Durbin, Jr.<\/strong><\/span><\/div>\n
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On Sept. 23, 2015, O\u2019Reilly pleaded guilty to one count of money laundering.\u00a0 <\/span><\/p>\n

O\u2019Reilly admitted that from August 2007 to August 2012, she stole money from investors through an antiques and jewelry acquisition scheme and engaged in monetary transactions with criminally derived property, officials said. \u00a0<\/span><\/p>\n

According to court documents, O\u2019Reilly convinced investors that various antiques and jewelry items purchased with their investment funds could be resold for profit.\u00a0 <\/span><\/p>\n

Some of the antiques and jewelry pieces in her scheme included the Spratling Silver Banquet Set purportedly commissioned by deceased Country and Western singer Marty Robbins.\u00a0 <\/span><\/p>\n

O\u2019Reilly convinced investors that once the \u201clost\u201d pieces were reunited with the set, they could then sell the complete collection for the anticipated price of $21 million, according to authorities.<\/span><\/p>\n

O\u2019Reilly also convinced investors that she could acquire, and then resell for profit, an assortment of pink diamond jewelry formerly owned by alleged New Orleans mob boss Carlos Macello, officials said.<\/span><\/p>\n

\u201cThe FBI will continue to vigorously pursue scam artists, like the defendant, who convince others to entrust them with their hard-earned money, but instead use that money for personal gain,\u201d said FBI Special Agent in Charge Christopher Combs.<\/strong> \u00a0\u201cThis sentence ensures that Mrs. O\u2019Reilly is punished and sends the strong message that investment schemes don\u2019t pay.\u201d<\/span><\/p>\n

\u201cThe role of IRS Criminal Investigation becomes even more important in Ponzi scheme investigations such as this due to the complex financial transactions that must be unraveled.\u00a0 Honest and law abiding citizens are fed up with greedy individuals, such as Ms. O\u2019Reilly, who abuse the trust they are granted and use deceit and fraud to line their pockets with other people\u2019s money,\u201d said IRS Criminal Investigation Special Agent in Charge William Cotter.\u00a0<\/strong> \u201cToday\u2019s sentencing demonstrates the serious consequences of financial crimes such as this and the collective focus of IRS-CI and our partners to holding the perpetrators of such nefarious investment schemes accountable for their actions.\u201d<\/span><\/p>\n

 <\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A federal judge sentenced 63-year-old Rose Marie O\u2019Reilly, of La Grange, TX, to four years in federal prison for running a con that duped investors out of $1.4 million.<\/p>\n","protected":false},"author":1,"featured_media":7040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3],"tags":[492,77],"class_list":["post-19391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-main-slider","category-u-s-department-of-justice","tag-money-laundering","tag-ponzi-scheme"],"yoast_head":"\nWoman Who Ran "Classic Con" That Duped Investors of $1.4 Million Sentenced<\/title>\n<meta name=\"description\" content=\"A federal judge sentenced 63-year-old Rose Marie O\u2019Reilly, of La Grange, TX, to four years in federal prison for running a con that duped investors out of $1.4 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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