Frank Sarcona, 58, was sentenced to 20 years in prison for crimes committed in connection with the marketing of a weight loss product, Lipoban. Mr. Sarcona…
"…defrauded more than 130,000 customers out of more than $7 million by claiming that the product, Lipoban, was sold in conjunction with a medical facility and clinical test."
"The ads created the false impression that a study was being conducted in conjunction with a healthcare clinic, the Lipoban Clinic, and that those who purchased the product would participate in that study. Virtually every customer was told that he/she was test participant #731."
In 2005, Mr Sarcona was ordered to pay $8.3 million in consumer redress for defrauding consumers as the president of SlimAmerica, for selling fraudulent "Super Formula" diet products. He created an alias to sell Lipoban.
Read more at Consumer Affairs>>
See the print ads Mr. Sarcona used at Dietscam>>
Read a PDF file about Mr. Sarcona’s assets in St. Thomas, U.S. Virgin Islands being seized by the Treasury Forfeiture Fund, from Casewatch>>
The view from one of Mr. Sarcona’s former assets in St. Thomas