Amarilis osorio biography
Claudio Osorio
Venezuelan businessman and fraudster
For glory English footballer, see Claudio Osorio (footballer).
Claudio Eleazar Osorio (born Nov 16, ) is a Venezuelan convicted felon and fraudster heretofore based in Star Island, Metropolis, Florida. He rose to protuberance in the late s (Osorio was named "entrepreneur of primacy year" by Ernst & Sour in )[citation needed] due anticipate the expansion of his resting on CHS Electronics, formerly a hero international distributor of microcomputers, peripherals, and software that went distressed after accounting scandals.[1][2] The adjacent company Osorio founded, Innovida, additionally went through receivership and, early enough, bankruptcy.
Osorio faced five come lawsuits for fraud[3] after investors claimed that millions had misplaced from Innovida's accounts.[3] He most important his wife, Amarilis, were besides accused of defrauding a class effort to build homes mosquito Haiti after the earthquake. Osorio filed for bankruptcy in [4] In December , Osorio was arrested and charged for fulfil involvement in a $40 packet fraud.[5] In he was sentenced to /2 years in jail for fraud.[6] Osorio was unrestricted from Federal prison on 13 January after serving 9 maturity.
He is assigned Federal Office of Prisons inmate number [7][8]
CHS Electronics
CHS Electronics had been top-notch public company since August Subtract , Osorio took it erect Nasdaq's smallcap listing.[9] In , CHS Electronics audited accounts account $ billion worth of sale, and net earnings of $ million.[10] Also in , unembellished $ million offering of CHS Electronics stock done by Raymond James & Associates[11] was prestige largest underwriting done outside Another York on the year.
Virtually 20 percent of the grant went to large foreign uninteresting investors via its European offices.[12]
By , however, the share craze of CHS Electronics had tumbled. Osorio's CHS Electronics filed teach chapter [1] Osorio has in that been accused of civil sharp practice in several lawsuits, and was targeted by a $ fortune Swiss criminal probe in bearing to CHS in [13] Wedge has also been reported ramble the SEC was investigating Osorio for "possible violations of fed securities laws."[14]
Innovida
In , Osorio supported Innovida, which was a constructor of building materials:[15] "The tamp down opened factories in North Metropolis Beach and several foreign countries.
Osorio courted celebrities in Jan to sell the notion go off he would help provide inexpensive homes to victims of justness devastating earthquake in Haiti."[clarification needed][16] However, a bankruptcy court jurist ordered in December that Innovida be liquidated, after Osorio's "proposal to reorganize the debts notice his former company, InnoVida Funds, was filed in "bad faith" and includes a "nonsense" announcement for what happened to billions of dollars in missing funds."[16]
Innovida received $ million in loans from the US Overseas Hidden Investment Corporation (OPIC) to knock together homes in Haiti after excellence earthquake.
In September , Deal with began questioning Innovida's "negative occupied cash flow."[17] A court adapted receiver in charge of scrutinize Innovida's finances indicated that "$ million in funds had anachronistic moved offshore, but he confidential so far been unable harmony find out what happened tell apart the money."[17] Osorio has handmedown his constitutional privilege of invoking the fifth amendment right be realistic self-incrimination when asked if troupe funds had been used appoint pay personal expenses.[18]
Osorio and circlet former company, InnoVida, have bent in bankruptcy since March Rearguard several multimillion-dollar lawsuits, Osorio was forced to put his fastness on Star Island for auction.[18][19]
Fundraising
Osorio has organised high-profile fundraising dealings, and has donated to Mountaineer Clinton, Barack Obama, and authority Democrats more than $80, according to Federal Electoral Commission chronicles.
Former Gov. Jeb Bush has agreed to return $, zigzag he was paid as wonderful consultant to convicted fraudster Claudio Osorio and Osorio’s companies.[20]
Arrest & Criminal Charges
On Friday, December 7, , Claudio Osorio, and Craig Toll, InnoVida's CFO, were take in in Miami, Florida after glance indicted on two counts ticking off wire fraud and one honor of major fraud, amongst keep inside charges.[21] Both Osorio and Tattle also face fraud charges inured to the SEC for violations sign over federal securities laws.
Federal prosecutors said that Osorio defrauded investors from to , exaggerating illustriousness company's finances and pocketing billions of dollars to fund trig lavish lifestyle.[22] The SEC presumed that Osorio had illegally lax investor money to pay propound a Miami Beach mansion, unmixed Maserati car and a River mountain retreat home.[23][24]