Fast-talking figure in investment scheme pleads guilty to securities violations
Ever since I wrote last year about a trouble investment scheme called Advanced Health Scan, investors keep calling me, from all over the country. What happened to my money, they plead. What’s going on with this company?
I wish I could help. It probably doesn’t bode well for the future of Advanced Health Scan that one of its key figures, Daniel A. Caterino, this month pleaded guilty to a felony securities violation in Alabama. The business “opportunity” Caterino was peddling sounds suspiciously similar to Advanced Health Scan: he and others were purportedly raising money for a chain of body imaging clinics in Arizona, Texas and California. But neither Caterino nor the company, Lifeline Imaging Systems, were licensed to sell securities in Alabama. “It was alleged that investors’ money was used for personal or unrelated business expenses,” according to the Alabama Securities Commission.



