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Hearing held for 'life coach' accused of swindling couple
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LAS VEGAS REVIEW-JOURNAL
Updated: Mar. 25, 2011 | 9:05 a.m.
A man charged with theft and securities fraud for allegedly swindling a married couple out of $250,000 was to appear in Las Vegas Justice Court on Thursday, the state attorney general's office said.
Catherine Cortez Masto's office said that Richard Bernstein faces a maximum of 20 years in prison and fine of $500,000 for one count of theft and one count of securities fraud, both category B felonies.
The office said Bernstein is accused of swindling the couple after they consulted him on how to invest profits from the sale of their home. The office said Bernstein, who represents himself as an executive and life coach, advised the couple to invest in Turn-Key Financial Group, a new business in Henderson that he was to head.
The office said Bernstein told the couple he would match their investment in Turn-Key and that the money they invested would be used to pay legitimate business expenses. Instead, the office said, Bernstein invested none of his own money and converted $125,000 of the couple's money for personal use to buy Bentley and BMW cars for himself and his wife.
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Bernstein wouldn't pull a bold stunt like this unless he were well connected to certain judicial members within the Clark County court system. He'll grease a few palms of the influential members, and be free of it all. Just watch.
This is the man who was "advising" Buffalo Jim Barrier during the months before his mysterious death.
Heck, I'm a little surprised this newspaper didn't write an article saying it was the VICTIMS who were at fault here, and that the scammer should be suing them!
That's it? If that's the whole story why is this news?
This is a Darwin Award. How dumb can you be to give a "life coach" $250,000? Guess we need even bigger government to protect people from being stupid. I have an idea, if you are swindled from your money this easily, you should lose your right to vote.