Ear Shot

Rochester man started $100 million Ponzi scheme


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A Rochester man pleaded guilty Monday to bilking at least 1,000 people around the country out of more than $100 million. U.S. Attorney James Kennedy said financial adviser Perry Santillo ran a Ponzi scheme for about a decade . Kennedy said the scheme started when Santillo and an unnamed partner lost millions in investor money in another Ponzi scheme back in 2007.
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Ear ShotBy WXXI News

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