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Message
Magistrate: Deberardinis competent to stand trial
Posted on 4/9/20 at 2:32 pm
Posted on 4/9/20 at 2:32 pm
quote:
U.S. Magistrate Judge Mark Hornsby filed a 36-page report and recommendation on Friday concerning David deBerardinis' competency for trial.
Hornsby recommended that deBerardinis is legally competent to stand trial.
"He may be stubborn or persistent about certain facts or his theory of the case, and he may frustrate his lawyers, but he is not incompetent," Hornsby wrote.
A two-day competency hearing was held for deBerardinis in late December 2019 in which the court heard testimony from multiple expert witnesses.
The judge noted that even with deBerardinis' decline in mental function and mental health issues, the defendant is "far more competent" to stand trial than many other defendants who routinely appear before the court.
LINK
The story this far: he ran a ponzi scheme that scammed a bunch of shale baws and assorted other NWLA monied folk our of upwards of $100 million. One of his more colorful antics was hiring a professional makeup artist to disguise him as an Orthodox Jew in an attempt to run his game on some New York investors. For the better part of a year he's been running rings around court appointed psychiatrists, trying to get himself declared incompetent to stand trial. Shooters shoot.
4
Posted on 4/9/20 at 2:36 pm to Jim Rockford
Apparently also had a Colonel Sanders getup too!
This post was edited on 4/9/20 at 2:37 pm
Posted on 4/30/20 at 11:00 am to Jim Rockford
More details emerge from court documents:
LINK
quote:
SHREVEPORT, La. -- It was billed as a “celebration meeting” for those who had invested with Shreveport businessman David deBerardinis. It was time to collect on some big-money energy deals.
Then the champagne went flat.
No double-digit returns on their investments; no Israeli military hero who would fly into Barksdale Air Force Base and celebrate with them. Just a bunch of big talk and empty promises.
deBerardinis’ dealings with some of those investors are detailed in federal court documents that are part of deBerardinis’ unsuccessful efforts to be declared mentally unfit to stand trial on charges he defrauded a bank and investors out of more than $100 million through a Ponzi scheme. His attorneys have described him as suffering from developing dementia and was “delusional” while the alleged scheme was underway
quote:
In court documents, attorneys describe a series of events that showed cracks in the façade of the investments:
“Nobody lands at Barksdale (Air Force Base),” said investor Byrum Teekel, referring to deBerardinis’ claim an Israeli business executive would be flying into the U.S. military base. “They’ve got the (atomic) bomb out there.”
Another investor -- who along with his son and others guaranteed a $29 million loan that was defaulted on -- recorded a telephone conversation during which deBerardinis made rambling, non-sensical statements. “I think he’s gone crazy, son,” Shreveport businessman Jerry Webb said after the call ended.
Another investor described deBerardinis’ mind as a “minnow bucket” with a train of thought all but impossible to follow.
FBI agents investigating deBerardinis were told he likely had help orchestrating the alleged scheme because he did not have the IT, graphic design or financial skills to pull off something of the magnitude federal prosecutors allege. Individuals who had those skills and worked with deBerardinis have been interviewed by federal authorities, but have not been charged.
An $80 million check made out to one of deBerardinis’ companies – drawn on a regional bank in Tennessee – was a fake.
LINK
Posted on 4/30/20 at 11:44 am to Jim Rockford
Dude claimed a Israeli military hero was involved and gave him a check for $80 million. I would hope this raised some alarms.
Posted on 4/30/20 at 11:47 am to Jim Rockford
quote:
The story this far: he ran a ponzi scheme that scammed a bunch of shale baws and assorted other NWLA monied folk our of upwards of $100 million.
He may not be crazy, but he appears to have been a pretty good Ponzi Schemer.
Posted on 4/30/20 at 11:59 am to Jim Rockford
One thing is the same in all these stories. The investors are greedy as frick and let that blind them to the obvious deceptions of the scam artist. Any reasonable person would say "wait a fricking minute" after just one of those things this guy did. But these greedy bastards held on and dismissed his actions because they were certain they were going to profit.
Posted on 4/30/20 at 12:01 pm to D.B.Cooper
quote:
Dude claimed a Israeli military hero was involved and gave him a check for $80 million. I would hope this raised some alarms
He was old money Shreveport and scammed a bunch of other old money Shreveporters. I guess they were blind to the obvious clues that one of their own was defrauding them. Sadly, there has been at least one suicide as a result of all this.
Posted on 4/30/20 at 12:01 pm to D.B.Cooper
Double post
This post was edited on 4/30/20 at 12:06 pm
Posted on 4/30/20 at 9:29 pm to Jim Rockford
That’s sad to hear. Greed is a bitch
Posted on 5/4/20 at 10:31 am to Jim Rockford
The judge's ruling. Lots of detail LINK
Posted on 5/4/20 at 11:01 am to Jim Rockford
I wonder is the Friedman's got suckered in by this guy?
Posted on 5/4/20 at 11:04 am to thermal9221
Believe it or not there was another guy working a big Ponzi scheme in NWLA at the same time. That one hasn't gotten as much publicity as this one.
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