Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Man Sentenced for Arizona Investment Fraud; Accused of California Ponzi Scheme

Joseph John Viola, who goes by the name Giuseppe Viola, has been sentenced to 36 years in prison for Arizona investment fraud. The charges were filed in 1990, but Viola allegedly fled to Italy at that time in order to avoid going to trial. This sentence comes in addition to accusations from the U.S. attorney's office in San Francisco that Viola also led a 12-year North Beach Ponzi scheme starting in 1992; just two years after the Arizona scam charges were filed.

The sentencing agreement from Arizona states that Viola claimed to be working for the Yuban Coffee Trust for the Yuban Coffee Family, which does not exist. In North Beach, Viola allegedly took millions from trusting investors. He apparently became well known in the neighborhood and found his victims through bakeries and coffee shops.

Viola was arrested in California in March, and sent to Arizona to face the initial charges. Now that he has been sentenced in that case, he is expected to be extradited back to California to stand trial for the newer charges.

If you have been the victim of a Ponzi scheme or other securities fraud, contact Meyer Wilson today for a free consultation. We are securities fraud attorneys who have represented stockbroker mediation, arbitration, and litigation cases nationwide.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram