A Connecticut financial advisor has been held personally liable for more than $1.4 million in a scheme in which he and others allegedly defrauded a Kennebunk resident out of his retirement savings.
Thomas Renison, a financial advisor from Glastonbury, Conn., was involved in a fraudulent investment that was supposedly going into a Hungarian resort and casino.
Frank Jablonski was convinced to invest $600,000 of his retirement savings in Castle at Polgardi in 2008 with the promise he would make $400,000 in six months and continue to make $6,500 a month after that, but the project never materialized.
Now Renison and Allan Stadler, a Connecticut-based architect, have been found personally liable for a total of more than $1.4 million, plus tax penalties and fees Jablonski paid to withdraw money early from his retirement accounts to make the investment. The judgment was issued by Maine Superior Court Judge G. Arthur Brennan, court papers say.
Jerry Wolff, a New York businessman listed as a member of the board of directors for the project, was held personally liable for the same amount in an earlier ruling.
A civil suit for the same amount and criminal charges of wire fraud filed by the FBI are pending against Peter DiRosa, who previously served as mayor of Manchester, Maine.