Man charged with bilking $1.2 million out of seniors says they didn't need it anyway

[marmar]

By Peggy Walsh-Sarnecki
Detroit Free Press Staff Writer


They didn't need the money because they lived frugally.

That's the reason Brian Marsack gave his victims, according to one victim’s daughter, after allegedly bilking them out of their life savings by posing as a Goldman Sachs investment broker.

Edward Mancini, 91, his late wife, Joan, 79, his sister Virginia Cox, 77, and his sister-in-law Florence King, 87, lost $1.2 million combined.

They have little hope of getting it back -- joining hundreds of other senior citizens cheated out of billions of dollars a year, according to a study by MetLife. ...................(more)

The complete piece is at: http://www.freep.com/article/20120116/NEWS04/201160335/Man-charged-with-bilking-36-1-2-million-out-of-seniors-says-they-didn-t-need-it-anyway?odyssey=tab|topnews|text|FRONTPAGE

[peacebird]

1. What scum! I do hope he will be residing in prison for the rest of his life?

[Bozita]

2. How very banksterlike!

Just goes to show that you don't need to be a real bankster to fuck the people.

[Historic NY]

3. He needs a visit from "Joey Bag of Donuts" & a baseball bat.

[customerserviceguy]

12. That was my first thought, too. n/t

[Zalatix]

4. Steal a million dollars, you're a criminal, steal a trillion, you're a job creator.

[Hugabear]

5. His only crime was not having "Inc." after his name

If he had been a corporation, rethugs would be praising him for "saving" $1.2M.

[meow2u3]

11. His only crime was POSING as a Goldman Sachs employee

If he were a real Goldman Sachs man who scammed seniors, he'd have received a hefty bonus on the taxpayer's dime.

[rurallib]

6. Amateurs compared to what Republicans want to do.

[Honeycombe8]

7. Well, that's one way to spin it. If you have to sleep at night. nt

[lpbk2713]

8. That's certainly not for him to decide.

Bury the SOB under the jail.

[AnotherMcIntosh]

9. Racketeering. Let me guess. He'll be prosecuted by a state prosecutor, but not by Holder.

[Initech]

10. This guy I went to high school with's dad was charged with something similar.

Was part of this huge ring that bilked seniors out of hundreds of millions. At his peak he was worth something like $40 - $50 million. Got caught. Did serious time for it as did many of his business associates. There's criminals like this everywhere.