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Bart Burg, Patrick N. DiCarlo Sr., James P Burg (Jim Burg) operated this scam as a part of a continuing criminal enterprise. Charging investors $40, 000 for the rights to sell a fraudulent telecom scheme they scammed investors in San Diego, Encinitas, Santa Barbara, Placerville, Lake Havasu, Tempe, Santa Fe Springs, and more. Patrick N. DiCarlo Sr. whom admits he was under investigation by Organized Crime for various scams and securities fraud stated he graduated USC as an Economics Major with his wife "MJ" a cheerleader. This was a lie. Bart Burg who steered this scam to victims through AMS Financial Consultants stated he had graduated Northwestern University and Santa Clara - an MBA and held CPA in Illinois and CA with his wife "Ellie" backing up these lies. Jim Burg, son of Bart & Ellie touted his MBA with his brother and sister bragging about the family of CPAs and family wealth. The Burgs continued preparing tax returns and providing "investment" advisce with only youngest son John Edward Burg as a CPA for approximately one year. Burgs and DiCarlos filed bankruptcy and moved on to additional scams in telecom, securities, pump and dump, real estate fraud...AMS Financial Consultants and the Burgs prepared tax returns for unsuspecting victims for decades - never once mentioning the $2, 800, 000 BK fraud prepared to hide their debts from debtors and transfer all assets to their Mommy Eleanor Jeanette Burg. "Ellie" has in her bag of tricks: breaking and entering, stalking, terrorist threats and extortion. Anyone attempting to seek restitution was subjected to the "enforcer" another well-known organized crime figure. National Telephone Exchange, NTE, and other telecom companies continued in later schemes as EEC, TEC, Charbonages D'Amercoeur with DiCarlo and Burg continuing their pump and dump, and Canadian Stock Exchange and US "Reverse Mergers" with the only $ pocketed by Burg, DiCarlo and their "connected" associates. Until they are brought to justice BEWARE.
The complaint has been investigated and resolved to the customer’s satisfaction.
It was not resolved
UPDATE: I NEVER RESOLVED THIS MATTER. JIM & SUZANNE WOULD DO ANYTHING TO LOOK LESS LIKE CROOKS.
Colorado gold-coin dealer gets prison term in $2.5 million fraud case
By Mark Harden – News Director, Denver Business Journal
May 20, 2014
A former Fairplay resident has been sentenced to a 7-1/2-year prison term after pleading guilty to collecting $2,464,099 from about 40 customers for gold coins he never delivered.
James P. Burg, 63, also was sentenced to three years of supervised release after his prison term. U.S. District Judge John Kane also ordered Burg to pay nearly $2.5 million in restitution to his victims.
Burg pleaded guilty last September to one count of mail fraud and one count of failing to file an income tax return.
Burg was indicted by a federal grand jury in Denver on Nov. 5, 2012. The indictment remained sealed until his arrest in California on Nov. 29, 2012.
Kane handed down the sentence May 15 in Denver. Burg had faced a prison term of up to 20 years on the mail fraud count.
According to the indictment and Burg’s plea agreement, from 2007 until 2012, Burg defrauded customers who ordered coins as the CEO of a business known as Superior Discount Coins, and another business called Gold Run Investments.
At times, Burg operated Gold Run Investments using the alias Tim Burke. Burg allegedly ran radio and online ads seeking customers.
Prosecutors say Burg kept much of the money he collected from customers for his own use instead of buying coins, using the funds to buy million-dollar homes and two Porsche cars, and in some cases refused to refund customers' money when asked.
To prevent the scheme’s detection, Burg sometimes filled customers’ orders for coins after clients threatened to take legal action or report him to authorities. Burg used one customer’s payment for coins to refund funds to another customer, prosecutors alleged.
The Denver Post's Kirk Mitchell reports that Burg targeted older clients, including a retired missionary couple.
Burg also was accused of failing to file valid income tax returns for several years.
"To those who consider implementing investment fraud, let this case be a warning that there are consequences, including prison sentences," U.S. Attorney for Colorado John Walsh said in a statement. "To those who are asked to invest, do research before handing over your hard earned money. And to those who have lost money in these schemes, know we will do the best that we can to recover as much money as possible.”
This case was investigated by special agents with IRS-Criminal Investigation, the FBI and the U.S. Postal Inspection Service. It was prosecuted by Assistant U.S. Attorney Tim Neff.
The attached photo is of my residence that Jim Ellie John Judy stole from me. To this date not one penny.Colorado gold-coin dealer gets prison term in $2.5 million fraud case
By Mark Harden – News Director, Denver Business Journal
May 20, 2014
A former Fairplay resident has been sentenced to a 7-1/2-year prison term after pleading guilty to collecting $2,464,099 from about 40 customers for gold coins he never delivered.
James P. Burg, 63, also was sentenced to three years of supervised release after his prison term. U.S. District Judge John Kane also ordered Burg to pay nearly $2.5 million in restitution to his victims.
Burg pleaded guilty last September to one count of mail fraud and one count of failing to file an income tax return.
Burg was indicted by a federal grand jury in Denver on Nov. 5, 2012. The indictment remained sealed until his arrest in California on Nov. 29, 2012.
Kane handed down the sentence May 15 in Denver. Burg had faced a prison term of up to 20 years on the mail fraud count.
According to the indictment and Burg’s plea agreement, from 2007 until 2012, Burg defrauded customers who ordered coins as the CEO of a business known as Superior Discount Coins, and another business called Gold Run Investments.
At times, Burg operated Gold Run Investments using the alias Tim Burke. Burg allegedly ran radio and online ads seeking customers.
Prosecutors say Burg kept much of the money he collected from customers for his own use instead of buying coins, using the funds to buy million-dollar homes and two Porsche cars, and in some cases refused to refund customers' money when asked.
To prevent the scheme’s detection, Burg sometimes filled customers’ orders for coins after clients threatened to take legal action or report him to authorities. Burg used one customer’s payment for coins to refund funds to another customer, prosecutors alleged.
The Denver Post's Kirk Mitchell reports that Burg targeted older clients, including a retired missionary couple.
Burg also was accused of failing to file valid income tax returns for several years.
"To those who consider implementing investment fraud, let this case be a warning that there are consequences, including prison sentences," U.S. Attorney for Colorado John Walsh said in a statement. "To those who are asked to invest, do research before handing over your hard earned money. And to those who have lost money in these schemes, know we will do the best that we can to recover as much money as possible.”
This case was investigated by special agents with IRS-Criminal Investigation, the FBI and the U.S. Postal Inspection Service. It was prosecuted by Assistant U.S. Attorney Tim Neff.
HE JUST A FAT SLOB WHOS MARRIED TO A DRUNK
i CANT BELEAVE PAT DICARLO IS STILL ALIVE! HE HAS BEEN RIPPING PEOPLE OFF FOR DECADES. IF THIS GUY IS BREATHING HE IS LYING.