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| Beverly Hills Ponzi Queen Rosi Ray...shopping till she drops. EXCLUSIVE PHOTO! |
I wanted to thank one of my readers for sending me these two EXCLUSIVE photos of Rosi Ray, strolling along Robertson recently. My readers want justice....and so do I! Keep those "cards" and letters coming in!
Rre
12:20 a.m.
Update:
During the past few hours since I posted this information from the Los Angeles Office of the FBI, a number of my readers have sent me comments about the woman in question, "Rosi Ray."
I appreciate all of these notes, that can be found on the bottom of this blog post. Also, if anyone has a photo of "Rosi Ray" please send it to my email address at economy4abc.blogspot.com@gmail.com.
Thanks for your readership and notes. Amazing what people think that they can get away with these days...
Randy Economy
FROM THE FBI LA:
Federal authorities have arrested a Beverly Hills woman on federal wire fraud charges for allegedly running a Ponzi scheme that collected nearly $11 million from scores of Southland victims who were promised huge profits from settlement annuities.
Rosi Ray, 56, of Beverly Hills, was arrested at her business yesterday by special agents with the Federal Bureau of Investigation. Ray, who also used the names “Rose Ray” and “Gloria Lujan,” was arraigned late Thursday in United States District Court in Los Angeles, where she pled not guilty to the five counts in the indictment.
The indictment, which was returned by a federal grand jury on December 1, alleges that Ray and others solicited investments from victims who were told their money would be used to purchase court-ordered, monetary settlement annuities from accident victims at a discount, and the settlement annuities would then be cashed in at a substantial profit. Ray told investors that once she purchased the annuities she could arrange to receive the true value of the settlement in a lump sum. As part of the scheme, Ray told victims that their investments were guaranteed to earn a substantial monthly return, anywhere from 10 to 200 percent over a period of two to 12 months.
The indictment alleges that Ray did not spend any of the investors’ money on the promised investments. Rather, Ray spent the money on investor payouts, her son’s drag racing career, her purse consignment business, and personal expenses.
As a result of the fraud scheme, the indictment alleges, Ray caused approximately 180 investors to invest approximately $10.9 million in the bogus monetary settlement annuity business, with approximately half of the investors losing most of their money.
An indictment contains allegations that a defendant has committed a crime. Every defendant is presumed innocent until and unless proven guilty.
Each count of wire fraud in the indictment carries a statutory maximum penalty of 20 years in federal prison.
Ray was released late Thursday on a $100,000 bond. She is currently scheduled to go on trial on January 25 in United States District Court in Santa Ana.
The case against Ray is the result of an investigation by the Federal Bureau of Investigation.
31 comments:
I know this person. I hope they enjoy a long long time in the slammer.
People involved in Ponzi schemes never come out on top. The problem is the "innocent" people that fall for such con artists like this Rosi Ray idiot.
Out of jail on bail. Whatever. Legal system sucks in crimes like these. Probably eating din din tonight on Sunset Boulevard and sipping on Chandal
Randy, I wanted to post more information about this woman Rosi.
"Rose Maria Ray" aka (Rosi Ray) is the owner of "I Want That Bag" over on Robertson in Beverly Hills.
She has been known to live in various houses in Los Angeles and Orange County.
Do not under any circumstances provide any money to her.
She has been operating a multi-million dollar Ponzi scheme and is being sued.
She has bilked millions of dollars out of people. She claims that the money went into investments with AIG, but to date she has not paid back any money and has not offered any proof of where the money went.
Rosi has been in trouble in the past and has already been to jail for fraud. Once again, she is at running scams.
Her son's name is Keeter Ray and is a professional race car driver.
Beware of her.
She also goes by her maiden name also...
Rose Maria Lujan.
She is the biggest CON JOB in LOS ANGELES, and so is her CROOKED SON! I hope the get her son also. What a creep!
she owes me 200k. her lawyer, michael schack, is probably just as crooked as her, since he has been feeding us b.s. for the last year.
Rosi took advantage of the latino community. She said that she wanted to help the latinos make money. But it all a lie and a fraud. I hope she goes to jail forever. To anyone who reads this always dont trust anyone who offers something that is to good to be true.
let us join us against her!!!
Rose Ray defrauded four people, including my elderly mother. She died before a judgement was gained against Rose Ray. The judge disallowed her lawyer withdrawing from the case. The judgement stands but has been uncollectable. My mother died stressed, unhappy and broke. The judge approved an elder abuse charge against Rose Ray.
Four people were ripped off by Rose Ray. One received a settlement from her, one died and his widow refused to go forward and relinquished it to the lawyer representing her deceased husband. Two are outstanding, one being my mother, who is now deceased, the other, a mutual friend, who had multiple instances of theft, as she invested for members of her family as well. We all hope Rose Ray is forced to repay her debts and is punished to the extent the law allows.
I was foolish enough to invest my money and that of members of my family with Rose Ray. My mother is an elderly person and lost her life savings to Rose's schemes. My health has been affected by the stress caused from the pressure my family has exerted on me. I have a case with a lawyer and have gained a judgement against Rose Ray which is very difficult to collect. I hired a private investigator who discovered she had been investing money in real estate under deceased persons names using a lawyer to establish her with power of attorney for these properties. I have this documented proof available to the authorities.
How we can recovery our money?
Call this number and tell them you're a victim 888 228-0315 (U S criminal court). They already have a list of names of the people that were victimize by Rosi.
Do you know what is the extension?
thanks and best regards
So does anyone know what the latest is on Rosi Ray? I know she was going to be on trial starting Jan, 25. Justic needs to be made!!! Let's sell her son's race car and split the money or something. I don't know how she could live with herself knowing that instead of helping people, she was on a mission to hurt them. I'm confident she will not escape the judgment of God!
Rosie Ray (Rose Marie Lujan) can be found along with her son Keeter selling her designer bags at the Rose Bowl Swap Meet (first Sunday of every month). She was there yesterday. She is in the Orange Section right on the main aisle very close to the main entrance (make a left at the main entrance and enter the orange section, she's on the left 6 or 7 spaces down on the left). She has quite an elaborate booth set up with very expensive handbags bought with your money
Rosi Ray is selling her purses (bought with our money) on eBay:
http://stores.ebay.com/HOUSE-OF-VUITTON
This isn't right.
please keep us up to date on this what the time in jail is , bet it isn`t much
ray`s trial date on jan. 25 was moved to may 9 at 9am for a status conference hearing. Her case number is 10-243-cjc. If you have any of her junk promissory notes or bounced checks please call Special Agent Allison Hirsch at 310-996-3915
anyone know the outcome on the may court date ?
anyone know the outcome on the may court date ?
guess nobody cares anymore , rose was at the rose bowl sunday with two tables of purses
She is still in business in Beverly Hills on Bedford Drive under the same name I want that bag she is there everyday and I have seen her on several occasions
p.s. does anyone know if she received a jail sentence? my friend is doing business w her and I would like to warn her!
Do you know the address?
tell your friend to bail out FAST
Has anyone heard what was the outcome of the Rosi Ray case?
Sentencing is scheduled for February 13, 2012 at 10am.
Has there been any talk about restitution to the affected parties? Do you know how many counts she plead guilty to? Thanks!
I am a victim as Well, who can i contact and what is the latest on her? Thanks.
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