Drawn by claims of a "rock solid investment" and "guaranteed" interest of 9.25 percent, Joseph Hamel, 90, and his 85-year-old wife, Winifred, invested their life savings in U.S. Capital Funding of Lake Worth, Fla. Checks of $455 arrived every month until January, when the check was for only $68. They are among more than 300 nationwide who may be victims of a $40 million to $50 million fraudulent investment scheme.
April 19, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Drawn by claims of a “rock solid investment” and “guaranteed” interest of 9.25 percent, Joseph Hamel, 90, and his 85-year-old wife, Winifred, invested their $45,000 life’s savings in U.S. Capital Funding of Lake Worth, Fla. in September.
The interest checks of $455 arrived every month until January, when the check was for only $68.
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