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A 61-year-old Siesta Key resident has been indicted on eight federal counts of wire fraud and 10 counts of mail fraud in connection with an investment fraud scheme, U.S. Attorney A. Lee Bentley III of Tampa announced on Wednesday, May 21. Also on Wednesday, the Securities and Exchange Commission (SEC) charged the same Siesta resident, Gaeton S. "Guy" Della Penna of 6629 Peacock Lane, with "defraud- ing investors in a Ponzi scheme that ensued after he squandered their money on bad investments and personal expenses," an SEC news release says. The SEC alleges that Della Penna raised $3.8 million from investors in three private invest- ment funds he operated. "Despite depicting himself as a distinguished trader and prof- it-maker, Della Penna lost nearly all of their money by making unsuccessful investments and diverting more than a million dollars to The Hamptons-style house reported to be the residence of Guy S. Della Penna and Sharon Nizolek is marked by a red flag. It is south of Stickney Point Road on Siesta Key's Peacock Road. Image from Google Maps ANOTHER PONZI SCHEME ALLEGED THE U.S. SECRET SERVICE AND THE SEC ACCUSE A SIESTA RESIDENT OF MISUSING MORE THAN $3 MILLION OF INVESTORS' MONEY By Rachel Brown Hackney Editor

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