Case 2: Hawaiian Punched: Fraud in Paradise
The Mortgage Broker
In 2006, James Lull was living the American dream in paradise. He was a mortgage broker on the Hawaiian Island of Kauai. Lull knew which of his clients had money to burn and began offering side deals to make quick cash. Investors were promised a huge rate of return in a short amount of time. But there were no real deals.
The Collection
The charismatic Lull lured in more than 50 investors and made millions from his scams. He used the money to fund his collections of jewels, rare coins, sports memorabilia and jewel-encrusted pool cues.
The Scam
Lull stole millions but showed no regrets. Dozens of investors lost their life savings. The FBI closed in and Lull agreed to accept responsibility, pleading guilty to wire fraud. But when its time for sentencing, James Lull was missing from the court.
Seen this on 60 minutes.After fleeing Hawaiia he wound up in Wa state and had some high end cues with him,he had declared banckruptcy and kept the cues as unreported assets.
Just wondering if anyone new him and if he played at all.
The Mortgage Broker
In 2006, James Lull was living the American dream in paradise. He was a mortgage broker on the Hawaiian Island of Kauai. Lull knew which of his clients had money to burn and began offering side deals to make quick cash. Investors were promised a huge rate of return in a short amount of time. But there were no real deals.
The Collection
The charismatic Lull lured in more than 50 investors and made millions from his scams. He used the money to fund his collections of jewels, rare coins, sports memorabilia and jewel-encrusted pool cues.
The Scam
Lull stole millions but showed no regrets. Dozens of investors lost their life savings. The FBI closed in and Lull agreed to accept responsibility, pleading guilty to wire fraud. But when its time for sentencing, James Lull was missing from the court.
Seen this on 60 minutes.After fleeing Hawaiia he wound up in Wa state and had some high end cues with him,he had declared banckruptcy and kept the cues as unreported assets.
Just wondering if anyone new him and if he played at all.
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