Bible-waving investment pitchman gets prison time for securities fraud in Alabama

Posted on July 28th, 2009 – 12:24 PM
By James Shiffer

Last year Whistleblower told the story of Advanced Health Scan, an investment deal that consumed millions of investors’ dollars without opening the promised body imaging clinic in southern California. Now comes word from Alabama that one of the former top dogs of the company, Daniel A. Caterino, will be returning to familiar quarters – behind bars. My conversation with this fast-talking gentleman last year was memorable, not only for its many tangents, but for Caterino’s assertion that he had found God and therefore his criminal past had no relevance to the current furor over what looks like a scam at worst, entrepreneurial incompetence at best. In a video for investors last year, Caterino held up a Bible as he counseled angry investors to just give him more time to make the business work. After pleading guilty in May, Caterino will have 30 months in an Alabama prison to brush up on his Scripture. For my more complete story, click here.

One response to "Bible-waving investment pitchman gets prison time for securities fraud in Alabama"

masterbatter says:

July 31st, 2009 at 12:11 pm

Open your eyes sheeple. This guy is nothing more and nothing less than a master scam artist. Waving a Bible only makes it more of a sure thing.