8/2/2019 Ashburn Man Pleads Guilty to Fraud Scheme _ LoudounTimes

http://slidepdf.com/reader/full/ashburn-man-pleads-guilty-to-fraud-scheme-loudountimes 1/2

8/12 Ashburn man pleads guilty to fraud scheme | LoudounTimes.com

ww.loudountimes.com/index.php/news/article/ashburn_man_pleads_guilty_to_fraud_scheme123/

Mobile Website | Login | Register Staff Directory | Advertise | Subscribe | Abou

 

Advanced Sea

  SEAR

1

1

Wednesday, Apr. 4, 2012 by Laura Peters | 1 comments | Email this story

Brett A. Amendola, 37, of Ashburn plead guilty April 4 for defrauding more than $3.8 millionfrom investors through a Ponzi scheme involving his purported purchase of a golf course inLoudoun County.

The Loudoun County Sheriff’s Office partnered with the FBI in the investigation of an Ashburn man’s defrauding scheme.

 Amendola, who was prosecuted by Assistant U.S. Attorney James P. Gillis, plead guilty to wire fraud and faces a maximum penalty of 20 years in prison during his sentencing June 29.

 According to authorities, Amendola persuaded various investors to provide him with short-term funding that would be held in escrow to fulfill a requirement by his lender to purchasethe Beacon Hill Golf Course outside of Leesburg. According to documents, Amendolapromised that the money would be returned to the investors with interest within days.

 Amendola diverted the investors’ money to his own use which included funding his andfamily members’ trading accounts, making payments to investors in this and other schemesand paying for personal expenses, a release said.

 Amendola also posed as the attorney representing the escrow account over the phone and inemail messages, the release s aid. This lead investigators to believe that the funds would be

 wired to financial accounts controlled by the escrow attorney, which in turn was Amendola.

The case was investigated by the FBI’s Washington Field Office and Loudoun County Sheriff’s Office.

Comments

Wed, Apr 04 at 02:22 PM by Crooks Are Stupid | Report this comment

If you are going to swindle $3.8/million from people, wouldn’t the best idea toevade jail time is to book a flight to a non-extradition country before thosefolks start asking, “Where’s my Money/Investment”? You might also want torenounce your US Citizenship, get a new identity, and then hide your money ina Swiss bank account.

Comments express only the views of the author and do not necessarily reflect the views of this website or any

associated person or entity. Any user who believes a message is objectionable can contact us at

moderator@timespapers.com.

Post a comment

Anyone can post a comment. Registration is not required.

By submitting a comment, you agree to our Terms of Service.

StayConnected

Follow Us

on TwitterNews | Sports

Like Uson Facebook

News & Sports

Subscribe

via RSS

News | Sports

Most Popular in News

Tuesday, Apr. 3 | 4789 views

Board of Supervisors approve FY 20 budget, lower property tax rate

Friday, Apr. 6 | 4722 views

Childhood memories torn down

Monday, Apr. 2 | 3808 views

Teachers urge governor to veto VRSoverhaul

Monday, Apr. 2 | 3741 viewsLocal realtors say Metrorail will bohousing market

Wednesday, Apr. 4 | 3200 views

  Ashburn man pleads guilty to fraudscheme

News Opinions Sports Entertainment Blogs Video Classifieds Advertise

 Ashburn man pleads guilty to fraud scheme

VA Real Estate Attorney

Experienced Real Estate Attorney 703.225.3440www.keithleylaw.com

8/2/2019 Ashburn Man Pleads Guilty to Fraud Scheme _ LoudounTimes

http://slidepdf.com/reader/full/ashburn-man-pleads-guilty-to-fraud-scheme-loudountimes 2/2

8/12 Ashburn man pleads guilty to fraud scheme | LoudounTimes.com

ww.loudountimes.com/index.php/news/article/ashburn_man_pleads_guilty_to_fraud_scheme123/

Name (required):

E-mail (required):

Remember my personal information

Prove you are human and not a spambot:

Actions speak louder than _____. Fill in the blank.

Submit

Join Our

Email List

Sign up for

weekly updates

The Loudoun Times-Mirror

is an interactive, digital replica

of the printed newspaper.

Open the e-edition now.

View our other print publications available online

Weekly

Homes Guide

2011 Guide

to Loudoun

Holiday

Gift Guide

Health and

Wellness

Bridal

Guide

Historic Freder

Maryland

Taste

of Loudoun

Senior

Lifestyles

Historic Downto

Leesburg

Health

Resolutions

Future

Leaders

Coming

Soon

By using this site, you agree to the Terms of Service.

News | Opinions | Sports | Entertainment | Blogs | Video | Classifieds | Contact Us | Work for Us 

Copyright © 2011 Loudoun Times-Mirror, a Times Community Media newspaper.

Fauquier VA News | Culpeper VA News | Gainesville VA News | Virginia Newspapers