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An indictment was unsealed today (June 1) charging Steven Bartko of Vista with running a Ponzi scheme and accusing him of wire fraud, mail fraud and money laundering, according to the U.S. attorney's office.

The indictment charges that Bartko used his electronics equipment brokerage, Starfire Technologies, to woo investors with claims that he was providing electronic parts to the military.

He promised monthly returns of 5% to 8%, says the government, which says he created false invoices indicating that he was a government contractor.

Pictured: Charles Ponzi

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Comments

nokomisjeff June 2, 2011 @ 4:52 a.m.

Only greedy people can be conned. Whenever one is offered 5-8% per month, one should do two things....due diligence, and ask why if the deal is so great and offering 5-8% a month, why are they selling it???

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Don Bauder June 2, 2011 @ 8:23 a.m.

It was W.C. Fields who said, "You can't cheat an honest man." Best, Don Bauder

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Laurin June 2, 2011 @ 9:50 a.m.

Actually, I believe that quote would be more correctly attributed to Larsen E. Whipsnade. Lulz.

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Don Bauder June 2, 2011 @ 11:37 a.m.

Fields played Larson E. (read it Larceny) Whipsnade in the movie "You Can't Cheat an Honest Man." Best, Don Bauder

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Don Bauder June 2, 2011 @ 11:03 p.m.

It is said that Burns invented his characters' names from studying Dickens. Best, Don Bauder

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