6.12.2012

Greenspan's Body Count: Michael Chiantella

Still prowling the sand states, serial killer Alan Greenspan strikes in Venice, Florida:
Venice attorney Michael Chiantella died May 30 of an apparent suicide amid accusations of malpractice and the loss of more than $3 million in questionable investments.

Chiantella owed approximately $900,000 to one of his former clients, a Venice man who had sued him for malpractice over business deals that went sour.

A week before Chiantella's death, a $2.25 million claim in federal bankruptcy court was denied by a judge, meaning that Chiantella and others involved in the firm Marshall & Curry would not recover the money.

Court records show that Chiantella was swamped in debt and legal troubles for more than a year before his death.

[...]

Also licensed as a real estate and mortgage broker, Chiantella was providing investment advice and services to Venice resident Russell Cooke.

In his lawsuit, Cooke alleged that Chiantella had told him that his investment of about $500,000 was secured by mortgages on property when it was not, according to allegations in court records.

Cooke's lawsuit accused Chiantella of breaking conflict of interest rules by representing both Cooke and the person who was borrowing his money.

Chiantella later signed promissory notes pledging to repay the $900,000 — which included $348,000 that was lost in a Charlotte County mining venture.
At least he didn't kill the wife and kids like so many victims of Greenspan's bubbles do.

Greenspan's Body Count stands at 223.

3 comments:

Anonymous said...

Admittedly, this seems a bit more than solely Greenspan's doing.

As to why he didn't kill his family, he was 35 years old. It's very possible he had no immediate family to kill...

W.C. Varones said...

Nah, he had a wife and kids.

Anonymous said...

Stupid people should not comment for what they comment never strays from stupid.


This is a tragedy that has affected many many lives. He made some wrong choices and didn't see a way out of it.

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...