Vassallo has had connections in offshore financial institutions in such pirate coves as Grenada, Nauru, and the Isle of Man and business affiliations with one chap promising investors 250 percent a year (yipes!) and another pledging 300 percent a week (call the cops!).
He was once married to Hollywood’s Rebecca Holden, a singer-actress who has had significant roles in TV shows such as Knight Rider and General Hospital. Vassallo claimed to be her business manager. “He cleaned out my bank account,” she says. After walking away from the marriage, she concluded he had stashed the loot offshore. “His supposed doctorate is laughable. He has a way of making everybody think he is their best friend; then he charms and deceives them.”