Poss. RKO host Nilosek ,firm charged with fraud,elderly customer deception

[raccoonradio]

http://www.bostonglobe.com/business...urity-sales/kMZY86OoYher3mcjQD3sNN/story.html

felon free radio?Nilosek had been touted as new morning co host

 

[frankberry]

This is another story about the guy:

http://www.bizjournals.com/boston/news/2015/05/05/wbz-radio-host-sued-by-state-for-allegedly.html

 

[JIBGUY]

But, don't they have to be convicted of something first, before they can be a talk-radio host?

 

[raccoonradio]

True...some that come to mind: MA house spkr Tom Finneran, Prov. mayor Buddy Cianci, CT governor John Rowland (all politicians). One case of a talk radio
personality that got convicted afterwards:Brad Bleidt.

http://www.allaccess.com/net-news/a...r-wbix-boston-owner-must-pay-back-stolen-mill

>>(07):Former WBIX-A/BOSTON owner BRAD BLEIDT has been ordered to repay $31.7 million in funds stolen from investment clients plus $9.5 million in interest, reports the BOSTON HERALD... BLEIDT is serving 11 years in prison for the scam, the money from which partially went to buy the radio station. BLEIDT confessed to the scam in tapes sent out before a failed suicide attempt and pleaded guilty to 116 counts of fraud and money laundering in 2005.

Nilosek btw denies the charges
http://www.bostonglobe.com/business...ies-charges/4wEbkh4rzFYgE1KLlADyvJ/story.html

>“It is important to make clear that no client lost money, a fact well known to the Massachusetts Securities Division,” Nilosek said in a statement. “For as long as Position Benefits has been doing business it has made sure that all of its clients received all of the amounts they were due.”According to Galvin’s suit, Position Benefits has made more than $600,000 from selling shares in risky commercial real estate loans as though they offered a guaranteed return.

 

[Omnibus]

Brad Bleidt even defrauded his mother.

True...some that come to mind: MA house spkr Tom Finneran, Prov. mayor Buddy Cianci, CT governor John Rowland (all politicians). One case of a talk radio
personality that got convicted afterwards:Brad Bleidt.

http://www.allaccess.com/net-news/a...r-wbix-boston-owner-must-pay-back-stolen-mill

>>(07):Former WBIX-A/BOSTON owner BRAD BLEIDT has been ordered to repay $31.7 million in funds stolen from investment clients plus $9.5 million in interest, reports the BOSTON HERALD... BLEIDT is serving 11 years in prison for the scam, the money from which partially went to buy the radio station. BLEIDT confessed to the scam in tapes sent out before a failed suicide attempt and pleaded guilty to 116 counts of fraud and money laundering in 2005.

Nilosek btw denies the charges
http://www.bostonglobe.com/business...ies-charges/4wEbkh4rzFYgE1KLlADyvJ/story.html

>“It is important to make clear that no client lost money, a fact well known to the Massachusetts Securities Division,” Nilosek said in a statement. “For as long as Position Benefits has been doing business it has made sure that all of its clients received all of the amounts they were due.”According to Galvin’s suit, Position Benefits has made more than $600,000 from selling shares in risky commercial real estate loans as though they offered a guaranteed return.