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Investment Fraud in Delray Beach

Investment Fraud in Delray Beach

According to the Associated Press, In Delray Beach, a former city commissioner is charged with a fraudulent investment. Charlotte Gilmore Durante, a licensed real estate broker, is accused of defrauding investors out of approximately $1.8 million. Durante allegedly used the money towards the nonprofit Museum of Lifestyle and Fashion History run by her daughter, Lori. Durante was arrested Wednesday and charged with grand theft, money laundering, and a few other charges. She had guaranteed promising returns to investors who boosted down payments for her clients. Durante is known for making history in the 1970s as one of Delray Beach’s first black female city commissioners, according to the Associated Press. Her career may never recover. How it Works This specific type of fraudulent investment is known as a Ponzi scheme. It… […]

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