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Thursday, April 14, 2016

WELCOME BACK TO THE GREY BAR HOTEL, MR. DAMANTE! CHECKING IN...AGAIN? Prolific Fraudster David Damante Back Behind Bars; Facing Upcoming Revocation Hearing.

David Damante, Twitter
What happens in Vegas doesn't always stay in Vegas!

Court documents filed yesterday in U. S. District in Nevada reveal "Glistening, Quivering Underbelly" reader favorite David Damante is back behind bars.





Facing an upcoming probation revocation hearing, Damante was arrested in Las Vegas on April 11, 2016.

According to the detention order signed later that day by U. S. Magistrate Judge George Foley, Damante poses a risk to the "safety of another person or the community". Additionally, Damante was unable to show he did not pose "a substantial risk of nonappearance" — AKA skipping town.

Damante was initially arrested in Arizona on February 23, 2011, pursuant to a federal warrant from the District of Nevada. Damante was charged with wire fraud and aiding and abetting. 

The indictment alleged that Damante "fraudulently obtained $1 million from one victim and $2 million from two other victims through false representations that the funds would be invested and that the victims would receive substantial profits on their investments." 

The indictment alleged that Damante used the money for his personal benefit to purchase a Ferrari, Mercedes Benz, boat, and a trailer. On February 23, 2011, Damante made his initial appearance before the Hon. David K. Duncan and was temporarily detained pending a detention hearing set for February 25, 2011. 

Damante was subsequently released on a "personal recognizance bond". Following the release order, the government requested a stay and Damante remained detained until March 1, 2011. The bond contained several conditions, chief among them the prohition that Damante not obtain any new financial accounts without prior notification and approval of Pretrial Services. 

In early October 2011, Pretrial Services for the District of Nevada was informed that Damante obtained two new financial obligations -- he attempted to purchase a car and was conditionally approved for a $3 million home loan -- without prior approval from Pretrial Services. An Arizona detective conducted research regarding the home loan. 

According to the detective, the alleged creator of the pre-approval letter for the home mortgage indicated that she had never met Mr. Damante, and upon reviewing the document, stated that it was a fraudulently created document.

Released from federal prison after serving less than 12 months, Damante's looking at another stretch behind bars.

More to come on this story!


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