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San Diego pair must pay up to $20 million in fraud scheme aimed at seniors.
Byline: Dean Calbreath
Jul. 23--A father-and-son sales team yesterday was ordered to pay up to $20 million in restitution and penalties for peddling "death benefit" investments in a San Diego fraud scheme targeting senior citizens.
Robert N. Shearburn and his son Robert L. Shearburn were fined for their role in a fraud scheme pioneered by San Diego resident Carmen L. Palmieri.
At the conclusion of a separate criminal case in January, Palmieri was sentenced to 30 years in prison after pleading guilty to defrauding 191 investors.
Susie Wong, spokeswoman for the California Department of Corporations, said Palmieri was told to pay $14.5 million in restitution to the victims and $5 million in penalties, and yesterday the senior Shearburn was held liable for the same restitution and $4.9 million in penalties.
The younger Shearburn was ordered to pay $75,000 in restitution and $37,500 in penalties.
"These are not two separate judgments," Wong said. "It's the same pool of money for the same group of people, so if Mr. Palmieri is able to pay the restitution, the Shearburns will not have to."
- Palmieri plays jazz with a Latin touch.
- Newspaper article from: Baltimore Sun (Baltimore, MD) December 20, 2006 700+ words
...powerhouse of Latin jazz and salsa, Eddie Palmieri was fired from a band for hitting the...best thing that ever happened to me," Palmieri, 70, said in an interview yesterday...rumba, cha cha, guaracha," said Palmieri, who is scheduled to play Friday and...
- Palmieri, Eddie
- Reference information from: Contemporary Musicians Taylor, B. January 1, 1996 700+ words
Eddie Palmieri Percussionist, pianist, composer The...of “ Salsa ” Eddie Palmieri, also known as “ The Latin...drum-anchored improvisational salsa. Palmieri is often credited with creating modern...
- Palmieri Still Brings Dancers to Their Feet
- Transcript from: NPR Weekend Edition - Sunday October 16, 1994 700+ words
...years, composer and band leader Eddie Palmieri has been electrifying audiences with...report. [music] HOWARD MANDEL: Eddie Palmieri, at age 58, is dapper, trim and...s devoted his life. [music] EDDIE PALMIERI: I don't guess that I'm going to...
- Remembering CHARLIE PALMIERI Part II.
- Magazine article from: Latin Beat Magazine Salazar, Max September 1, 1999 700+ words
...of Dominican descent, became Charlie Palmieri's timbalero. When trumpeter Mario...solos on flute. Before 1958 was over, Palmieri's ten piece orchestra, "La Duboney...band's appealing sound and persuaded Palmieri to record North-American pop favorites...
- Looking for the perfect beat; Latin jazz legend Eddie Palmieri returns with new...
- Newspaper article from: The Boston Herald Katz, Larry July 31, 2002 700+ words
Eddie Palmieri knows he's going to excite you. He...areGUARANTEED TO EXCITE!" The New York-born Palmieri, 65, gets excited just talking about...years after he disbanded La Perfecta, Palmieri decided to do something he never expected...
- Remembering Charlie Palmieri.
- Magazine article from: Latin Beat Magazine Salazar, Max August 1, 1999 700+ words
...reporter Jon Pareles wrote: CHARLIE PALMIERI, 60, SALSA PIANIST AND LEADER IN JAZZ-LATIN FUSION... Charlie Palmieri, one of the most important pianists...Bronx. He was 60 years old. Mr. Palmieri, the older brother of the pianist...
- Carl Palmieri: prepearing lunch everyday keeps CEO and company healthy:...
- Magazine article from: Fairfield County Business Journal Hlotyak, Elizabeth October 13, 2003 700+ words
...chief executive officer and founder Carl Palmieri is preparing his own. On a daily basis, Palmieri adds a personal touch to his leadership...great component in its success according to Palmieri. "I treat everyone like family here...
- General Development Corporation adds expert team in reorganization process....
- Press release article from: PR Newswire September 19, 1990 700+ words
...GDV) announced today it has hired The Palmieri Company to work with the company, its...plan of reorganization for the company. Palmieri specializes in corporate crisis management...Martosella Jr., a managing director of Palmieri, will direct the Palmieri team in the...
