Florida Man Plead guilty in Fraud Charge

An Aventura, Florida  resident by the name Joseph Del Valle, 61 years old, plead guilty in Manhattan Federal Court  for wire fraud and aggravated identity theft for scams that cost investors over five million dollars.

Allegedely he was involved in real estate and restaurant deals but according to the US Attorney, the money went to Mr. Del Valles personal slush fund.  See story here. . ..http://www.justice.gov/usao-sdny/pr/florida-man-pleads-guilty-manhattan-federal-court-connection-two-multimillion-dollar

The US Attorney also mentioned in the story a company by the name of Vanquish Acquisition Partners located in Manhattan but I don't see any charges against them. I did find a lawsuit that Del Valle was defending himself against back in 08 and in that case, the Court mentioned that he was banned by the National Association of securities dealers going back to 1992.  

I looked Vanquisition and Bloomberg Business says that a senior partner is Mr. Joseph Del Valle. See snippet of the company below. Being on a Bloomberg  Business snapshot would definitely give it legitimacy.

Vanquish on Bloomberg with Joseph Del Valle listed as senior partner

He faces up to 20 years when sentenced. If I had to guess how much time he is looking at, I would say a minimum of two years based on the identity theft charge and between five to ten years based on the amount of money he stole.    

To see what he is facing in federal prison, see...http://www.amazon.com/PRISON-expect-Federal-Bureau-Prisons-ebook/dp/B011GTWLOG