Two Men Found Guilty Of Wire Fraud And Money Laundering In Connection With Telemarketing Fraud Scheme Targeting The Elderly

  Geoffrey S. Berman, the United States Attorney for the Southern District of New York announced that ANDREW OWIMRIN, a/k/a “Andrew Owens,” a/k/a “Jonathan Stewart,” and SHAHRAM KETABCHI, a/k/a “Steve Ketabchi,” were found guilty today in Manhattan federal court of conspiring to commit wire fraud and conspiring to commit money laundering in connection with a telemarketing scheme.  OWIMRIN and KETABCHI were convicted following 12-day trial before United States District Judge Sidney H. Stein.

Manhattan U.S. Attorney Geoffrey S. Berman said:  “Andrew Owimrin and Shahram Ketabchi conspired to target and victimize elderly people through aggressive and deceptive telemarketing.  The various so-called investment opportunities were really just variations on fraudulent schemes to steal investors’ money.  Now Owimrin and Ketabchi await sentencing for their crimes.”

According to the Superseding Indictment, other filings in Manhattan federal court, and the evidence presented at trial:

Beginning in at least October 2013 through March 21, 2017, OWIMRIN and KETABCHI worked for telemarketing companies (the “Telemarketing Companies”) that engaged in a fraudulent scheme (the “Telemarketing Scheme”), by which they promised to earn victims (the “Victims”) money in exchange for particular Victims making an initial cash “investment” in business development, website design, grant applications, or tax preparation services.  Many Victims, the majority of whom are over 70 years old, “invested” thousands of dollars with the Telemarketing Companies, but did not earn any of the promised returns.  When Victims sought refunds, or fought credit card charges, the Telemarketing Companies provided explanations and documentation to the credit card companies falsely representing that the Victims had received the promised services.  OWIMRIN worked as a sales representative for two of the Telemarketing Companies, Olive Branch Marketing and A1 Business Consultants.  KETABCHI, who worked for A1 Business Consultants, was responsible for, among other things, the submission of false documentation to the credit card companies in order to challenge the Victims’ attempts to recover their funds.

Thirteen other individuals have been convicted in connection with this case:

Defendant Name	Companies	Count(s) of Conviction
Arash Ketabchi	A1 Business Consultants, Elevated Business Consultants, Element Business Services	Conspiracy to Commit Wire Fraud (18 U.S.C. § 1349)
William Sinclair	Olive Branch Marketing, Paramount Business Solutions	Wire Fraud and Conspiracy to Commit Wire Fraud (18 U.S.C. §§ 1343, 1349) Conspiracy to Commit Money Laundering (18 U.S.C. § 1956(h))
Michael Finocchiaro	Olive Branch Marketing, Paramount Business Solutions	Wire Fraud and Conspiracy to Commit Wire Fraud (18 U.S.C. §§ 1343, 1349) Conspiracy to Commit Money Laundering (18 U.S.C. § 1956(h)) Narcotics Conspiracy (21 U.S.C. § 846)
Joseph McGowan	Carlyle Management Group, Vanguard Business Solutions	Conspiracy to Commit Wire Fraud (18 U.S.C. § 1349)
Christopher Wilson	Olive Branch Marketing, Paramount Business Solutions, CTO Consulting	Conspiracy to Commit Wire Fraud (18 U.S.C. § 1349)
Jack Kavner	Carlyle Management Group, Vanguard Business Solutions	Conspiracy to Commit Wire Fraud (18 U.S.C. § 1349)
Daniel Quirk	Carlyle Management Group, Vanguard Business Solutions	Wire Fraud and Conspiracy to Commit Wire Fraud (18 U.S.C. §§ 1343, 1349) Conspiracy to Commit Money Laundering (18 U.S.C. § 1956(h)) Narcotics Conspiracy (21 U.S.C. § 846)
Peter DiQuarto	Elenchus Business Services Harbinger Capital	Wire Fraud and Conspiracy to Commit Wire Fraud (18 U.S.C. §§ 1343, 1349) Conspiracy to Commit Money Laundering (18 U.S.C. § 1956(h)) Narcotics Conspiracy (21 U.S.C. § 846)
Thomas O’Reilly	CTO Consulting	Obstruction of Justice (18 U.S.C. § 1519)
Raymond Quiles	Prestige Worldwide	Conspiracy to Commit Wire Fraud (18 U.S.C. § 1349)
Brooke Marcus	First Trend Tri-Star Elite Business Services	Conspiracy to Commit Wire Fraud (18 U.S.C. § 1349)
Anthony Medeiros	Virtual Business Plus	Narcotics Conspiracy (21 U.S.C. §§ 846) Conspiracy to Commit Wire Fraud (18 U.S.C. § 1349)

OWIMRIN, 29, of Hackensack, New Jersey, and KETABCHI, 47, of Rancho Santa Margarita, California, were each convicted of one count of conspiring to commit wire fraud and one count of conspiring to commit money laundering, each of which carries a maximum sentence of 20 years in prison.  OWIMRIN and KETABCHI are scheduled to be sentenced by Judge Stein on February 12, 2019, at 2:30 p.m. and 3:30 p.m., respectively.

The maximum potential sentences in this case are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendants will be determined by the judge.

Mr. Berman praised the outstanding investigative work of the Department of Homeland Security, Homeland Security Investigations and the New York City Police Department. 

The prosecution is being handled by the Office’s General Crimes Unit.  Assistant United States Attorneys Kiersten A. Fletcher, Robert B. Sobelman, and Benet J. Kearney are in charge of the prosecution. 

If you believe to have been a victim of the telemarketing companies listed above, including a victim entitled to restitution, and you wish to provide information to law enforcement and/or receive notice of future developments in the case or additional information, please contact Wendy Olsen-Clancy, the Victim Witness Coordinator at the United States Attorney’s Office for the Southern District of New York, at 866-874-8900. You may also report it to Detective Christopher Bastos at 917-480-7167 or christopher.bastos@nypd.org