With a mailing address on the 20,000 Block of Irvine Avenue, Suite 170, but a physical address of 328 Old Newport Blvd., Newport Beach, CA 92663,949-574-8600 - this "Boiler-room" is fronted by "straw man" Robert Falco, but run actually by two step-brothers, Tony Pistilli (convicted Federal Felon for Mail/Wire Fraud, drug addict) and M. McDonald (SEC shut down "Coldwell Banker REIT" he was involved in),
These crooks will do, just as they did with Consolidated/Alliance O/G Project @ Kansas ($167M raised - now the Investors have filed a Class-Action Lawsuit) - they'll Cold-call unsuspecting, trusting Investors and "Blue-Sky" them with preponderous speculative projections about how the Oil & Gas Wells they'll "finance" will "strike gold".
If anyone does REAL Due Diligence, the Principals, Falco & Pistilli, claim on the SEC filings that NO ONE is being paid Broker fees/Commissions, when, in fact, the "Boiler-room" skims approximately 35%-45% of each & every Investment, lying on the SEC filing that 100% go directly to "Proceeds".
Pure BS -
The SEC is already on these crooks, and with Pistilli's NCIC, among others, the FBI will certainly be soon to follow!
Do NOT take any Cold-calls from these buzzards, claiming a prior relationship with a random previous date that you (as is the plan) don't remember. Just Hang-Up!
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