This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
01/29/2025
Seeking Victim Information in Michael DePetrillo Investment Fraud Investigation
FBI
The case is being investigated by the FBI's New Orleans Division. The FBI is seeking information that may help identify potential victims of Michael Brian DePetrillo’s fraudulent scheme.
DePetrillo operated a commodities investment fraud scheme and collected over $9.2 million in investment funds from over 60 investors from July 2017 through at least May 2024. DePetrillo made false representations that he would invest the victims’ money in low-risk commodities and guaranteed rates of return through companies he owned called Meteor, LLC; NOLA FX Capital Management, LLC; ELC Enterprise Solutions, LLC; and Argosapolis LLC. In many instances, DePetrillo used the money for his personal gain and personal expenses.
If you were victimized by DePetrillo or have information relevant to this investigation, please fill out this short form.
More Info
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information