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John Anthony Genetti

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June 15, 1992 | From Times Staff and Wire Reports
Arrests in FSG Municipal Bond Scam: John Anthony Genetti, 44, was arrested on a 45-count federal indictment for allegedly masterminding a municipal bond scam that bilked $34 million from California investors via now-defunct FSG Financial Securities of Beverly Hills. Genetti's lawyers said he will plead innocent. Also arrested was Louis Vargas, 31, the U.S. Attorney's office in Los Angeles said.
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BUSINESS
February 2, 1993 | From Times Staff and Wire Reports
Genetti Sentenced to Prison: John Anthony Genetti, a former Santa Barbara-based businessman who pleaded guilty last November for his role in masterminding a bogus municipal bond scam, was sentenced to more than 11 years in prison and ordered to pay a $25-million fine by a federal judge in Los Angeles. Genetti, 45, was also ordered to make about $28 million in restitution to several hundred Southland investors whom prosecutors claim he defrauded out of an estimated $39 million.
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BUSINESS
February 2, 1993 | From Times Staff and Wire Reports
Genetti Sentenced to Prison: John Anthony Genetti, a former Santa Barbara-based businessman who pleaded guilty last November for his role in masterminding a bogus municipal bond scam, was sentenced to more than 11 years in prison and ordered to pay a $25-million fine by a federal judge in Los Angeles. Genetti, 45, was also ordered to make about $28 million in restitution to several hundred Southland investors whom prosecutors claim he defrauded out of an estimated $39 million.
BUSINESS
November 7, 1992 | DAVID W. MYERS, TIMES STAFF WRITER
A Santa Barbara man pleaded guilty Friday of masterminding a bogus municipal bond scam that bilked hundreds of California investors out of $39 million. John Anthony Genetti, 45, admitted on the fourth day of his trial in a Los Angeles federal court that he and three associates used the now-defunct FSG Financial Services Inc. of Beverly Hills and two other front companies to market the worthless bonds.
BUSINESS
November 7, 1992 | DAVID W. MYERS, TIMES STAFF WRITER
A Santa Barbara man pleaded guilty Friday of masterminding a bogus municipal bond scam that bilked hundreds of California investors out of $39 million. John Anthony Genetti, 45, admitted on the fourth day of his trial in a Los Angeles federal court that he and three associates used the now-defunct FSG Financial Services Inc. of Beverly Hills and two other front companies to market the worthless bonds.
BUSINESS
June 15, 1992 | From Times Staff and Wire Reports
Arrests in FSG Municipal Bond Scam: John Anthony Genetti, 44, was arrested on a 45-count federal indictment for allegedly masterminding a municipal bond scam that bilked $34 million from California investors via now-defunct FSG Financial Securities of Beverly Hills. Genetti's lawyers said he will plead innocent. Also arrested was Louis Vargas, 31, the U.S. Attorney's office in Los Angeles said.
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