United States v. $158,677.17 In United States Currency

District Court, D. Nevada·Decided June 3, 2020·No. 2:12-cv-02125·Unknown

Opinion

DISTRICT OF NEVADA

UNITED STATES OF AMERICA, 2:12-CV-2125-JAD-VCF 2:12-CV-2126-JAD-VCF Plaintiff, 2:12-CV-2127-JAD-VCF

v. Default Judgment of Forfeiture and Final Judgment of Forfeiture $158,677.17 in United States Currency, $761,515.36 in United States Currency, and $844,586.92 in United States Currency,

Defendants. Ramon Desage (Desage) was engaged in an elaborate “Ponzi” scheme in which he fraudulently solicited and received tens of millions of dollars from victims. Desage falsely represented to each victim that he intended to use their investment to purchase products for resale at a substantial profit. Instead of using these investments for legitimate business investments as promised, Desage used the victims’ money to repay earlier victims, to cover gambling losses, and to purchase luxury personal items for himself and others. Five individuals and their companies provided money to Desage based on his representation that he was in the wholesale distribution business and would use these funds to purchase and sell various products to Las Vegas casinos at a profit. Desage represented to victims all the money provided to him would be used only for business purposes. The victims provided the money to Desage strictly for business purposes and not for Desage’s personal expenses. The victims would not have provided Desage the funds if the victims believed Desage would use the funds for personal expenses or to repay other victims. / / / Desage lulled victims and convinced them to make additional payments of money to him by making small periodic payments to them, but he rarely paid them back in full and rarely paid the rate of return he initially promised. Desage used several business entities to facilitate his fraud. These entities include, but are not limited to, Cadeau Express, Inc. (Cadeau); Beryt Promotions, LLC (Beryt); Planet Hollywood Promotions, LLC; and Merits Incentives, LLC. Desage used multiple bank accounts to facilitate his fraud. Many of these bank accounts were controlled jointly with Gary Parkinson (Parkinson). Parkinson was a Desage employee and was Vice President of Finance for Desage’s businesses. All wire transfers into or out of Bank of Nevada accounts leave the State of Nevada during the transaction. The wire transfers of money currently go through the Federal Reserve Bank in Minneapolis, Minnesota. Prior to using the Minneapolis Federal Reserve Bank, Bank of Nevada used the Federal Reserve Bank in Los Angeles, California, to accomplish wire transfers. Desage maintained an extravagant lifestyle, including the purchase of several luxury vehicles and homes in Las Vegas for himself and others, the accrual of millions of dollars of gambling losses to Las Vegas casinos, and the use of private jets for both domestic and international travel. Desage was a prodigious gambler. Since 2006, Desage lost in excess of $20 million to various Las Vegas casinos. All of the fraudulent transactions were conducted to and from the Cadeau Bank of America account xxxxxxx1097, the Cadeau Wells Fargo account xxxxxx3034, the Bank of America Desage account xxxxxxxx1136, the Cadeau Bank of Nevada Account Number xxxxxx6157, the Beryt Bank of Nevada Account xxxxxx6408, the Desage Bank of Nevada Account Number xxxxxx4709, and the Cadeau Cathay Bank Account xxxx0010, all controlled by Ramon Desage. All of the payments from the above accounts to any of the Las Vegas casinos were in satisfaction of gambling debts. Based on all the bank accounts controlled by Desage, from on or about May 2, 2005, to on or about March 31, 2011, H.FO. provided Desage with $20,464,507.89. Desage / / / paid back to H.FO. $21,528,163.27. H.FO. received $1,063,655.38 more than what he provided to Desage. Based on all the bank accounts controlled by Desage, from on or about October 19, 2006, to on or about June 22, 2012, H.F. provided Desage with $81,633,000. Desage paid back to H.F. $68,788,000. Desage used $1,225,462.47 to purchase product to sell. H.F.’s loss was $11,619,537.53. Of the bank accounts the government seized H.F. provided Desage with $13,275,000. Desage paid back H.F. $1,165,000. Desage used $1,225,462.47 to purchase product to sell. H.F.’s loss is $10,844,537.53. Based on all the bank accounts controlled by Desage, from on or about February 13, 2009, to on or about September 20, 2011, J.H. provided Desage with $26,801,000. Desage paid back to J.H. $30,503,595. J.H. received $3,702,595 more than what he provided to Desage. Based on all the bank accounts controlled by Desage, from on or about May 13, 2005, to on or about January 14, 2010, H.V. provided Desage with $49,062,762.71. Desage paid back to H.V. $37,658,160.20. Desage used $1,751,928.83 to purchase product to sell. H.V’s loss was $9,652,673.68. Of the bank accounts the government seized H.V. provided Desage with $5,580,000. Desage paid back H.V. $831,700. Desage used $1,751,928.83 to purchase product to sell. H.V.’s loss is $2,996,371.17. Based on the three seized accounts controlled by Desage, from on or about May 17, 2011, to on or about June 6, 2012, W.R. provided Desage with $62,601,531.50. Desage paid back W.R. $29,071,299.54. Desage used $1,433,816.66 to purchase product to sell. W.R.’s loss is $32,096,415.30. On November 20, 2019, the United States filed a verified Amended Complaint for Forfeiture in Rem, ECF No. 28, alleging the $158,677.17; $761,515.36; and $844,586.92 (defendant property): a. constitutes or is derived from proceeds traceable to violations of 18 U.S.C. § 1343, a specified unlawful activity as defined in 18 U.S.C. §§ 1956(c)(7)(A) and 1961(1)(B), or a conspiracy to commit such offense, and is subject to forfeiture pursuant to 18 U.S.C. § 981(a)(1)(C). b. was involved in transactions or attempted transactions in violations of 18 U.S.C. § 1956, or any property traceable to such property, and is subject to forfeiture to the United States pursuant to 18 U.S.C. § 981(a)(1)(A). c. constitutes or is derived from proceeds traceable to violations of 18 U.S.C. § 1956, a specified unlawful activity as defined in 18 U.S.C. §§ 1956(c)(7)(A) and 1961(1)(B), or a conspiracy to commit such offense, and is subject to forfeiture pursuant to 18 U.S.C. § 981(a)(1)(C). d. was involved in transactions or attempted transactions in violations of 18 U.S.C. § 1957, or any property traceable to such property, and is subject to forfeiture to the United States pursuant to 18 U.S.C. § 981(a)(1)(A). e. constitutes or is derived from proceeds traceable to violations of 18 U.S.C. § 1957, a specified unlawful activity as defined in 18 U.S.C. §§ 1956(c)(7)(A) a

Free access — add to your briefcase to read the full text and ask questions with AI

United States v. $158,677.17 In United States Currency, (D. Nev. 2020).

United States v. $158,677.17 In United States Currency (United States v. $158,677.17 In United States Currency) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related