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Wednesday, April 28, 2010

Dale Zucker, Alleged Ponzi Schemer And Former Cleveland Lawyer, Arrested at Wal-Mart in California

Posted By on Wed, Apr 28, 2010 at 2:40 PM

Dale Zucker: Sad because the Wal-Mart greeter didnt say hi to him.
  • Dale Zucker: Sad because the Wal-Mart greeter didn't say hi to him.

Former Cleveland lawyer and current scumbag Dale Zucker was supposed to go on trial in January on fraud charges. Problem was, he never showed up.

Instead, Zucker, who allegedly ran a Ponzi scheme that bilked investors and clients out of almost a million dollars, fled the state. Zucker was a practicing attorney with offices in Cleveland and Chagrin Falls, but not since he saddled up his bags and headed for greener, less-jumpsuity pastures.

Federal authorities and the Ohio Violent Fugitive Task Force had tracked Zucker out west, to Texas and California, before the manhunt nabbed him recently in a Wal-Mart parking lot, presumably on his way to stock up on tube socks and "I'm sorry" greeting cards.

More after the jump.

Zucker, prosecutors said, “lulled investors into a false sense of security by mailing them promissory notes that guaranteed the return of their initial investment at an interest rate
of 10 percent to 25 percent, depending on the investor.”

He also tricked investors by “providing them with post-dated checks for their principal investment and interest,” prosecutors said.

Now that Zucker is in custody, he'll be shipped back to Cleveland pronto to face those Ponzi scheme charges.

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