Ponzi scheme takes all of Clearwater woman's money - WFLA News Channel 8

Ponzi scheme takes all of Clearwater woman's money

Posted: Updated:
Ponzi scheme victim Denise Ferrari Ponzi scheme victim Denise Ferrari
CLEARWATER, FL (WFLA) - The enticement sounded fantastic. Denise Ferrari could earn 12 percent instead of one percent.

While listening to Tampa Christian radio station, WTBN and later, WGUL, she heard Gary Gauthier tout big returns in the real estate business. The program was called ‘It's God's Money,” said Ferrari and "All about Florida real estate."

"My IRA was a little bit under $86,000," she said and explained, she gave it all to Gauthier.

At first, Ferrari says, interest payments came in. But in less than a year they stopped. Florida Department of Law Enforcement investigators say Ferrari's money and money from dozens of others went to Gary Gauthier and David Dreslin of Dreslin Financial Services in Seminole. 
 
Related story:
Seminole man arrested in Ponzi scheme


 They say, since 2005, and until last summer, the pair ran a classic Ponzi scheme, using new investors to pay off old, and themselves.  Most of the victims are over the age of 60. "These people have no conscious. They damaged my life financially and the dollar amount keeps adding up," said Ferrari.

When WTBN radio's General Manager, Barb Yoder, didn't return my phone calls, I went to the station and didn't get an answer. But later, Yoder called to tell me, she has no first-hand information about Gauthier or Dreslin and could not comment. When I pressed for more, she hung up on me.

Denise Ferrari has no problem expressing her anger at the former radio program host and his partner. "Oh my, I wanted to celebrate that these 2 are in a cage. They're not gonna have an opportunity to rip off any more senior citizens or veterans or anybody else," she said.

Dreslin has a half-million dollar home in the exclusive "Botanica" neighborhood. We found a renter in Gauthier's $300,000 home in Largo.

  Stay connected with the news of the day. Download the WFLA news app today. It’s FREE http://8.wfla.com/1etbepy


  • 8 On Your SideMore>>

  • Squatters moving out of New Port Richey soldier's home

    Squatters moving out of New Port Richey soldier's home

    Thursday, April 24 2014 6:50 AM EDT2014-04-24 10:50:51 GMT
    Squatters begin moving out of Spc. Michael Sharkey's home on Wednesday night.Squatters begin moving out of Spc. Michael Sharkey's home on Wednesday night.
    Our 8 On Your Side story about a New Port Richey soldier who says his home has been taken over by squatters is striking a nerve in the community and now, the squatters are moving out. 
    Our 8 On Your Side story about a New Port Richey soldier who says his home has been taken over by squatters is striking a nerve in the community and now, the squatters are moving out.  
  • Pricey processing issue at Tampa hair academy resolved

    Pricey processing issue at Tampa hair academy resolved

    Wednesday, April 23 2014 9:35 AM EDT2014-04-23 13:35:13 GMT
    Loretta Maloy says she always expected to pay for the courses she took those several weeks, but thought $10,000 in loans just wasn’t right.
    Loretta Maloy says she always expected to pay for the courses she took those several weeks, but thought $10,000 in loans just wasn’t right.
  • New Port Richey soldier says squatters won't leave his home

    New Port Richey soldier says squatters won't leave his home

    Wednesday, April 23 2014 8:58 AM EDT2014-04-23 12:58:50 GMT
    Soldier & homeowner Michael Sharkey was deployed to Afghanistan two years ago. Facebook photoSoldier & homeowner Michael Sharkey was deployed to Afghanistan two years ago. Facebook photo
     When soldier Michael Sharkey was deployed to Afghanistan two years ago, he asked a friend to watch over his New Port Richey house. Now, they're fighting to get their house back.
    When soldier Michael Sharkey was deployed to Afghanistan two years ago, he asked a friend to watch over his New Port Richey house. Now, they're fighting to get their house back.
  • NewsMore>>

  • Clash in east Ukraine leave at least 2 dead

    Clash in east Ukraine leave at least 2 dead

    Thursday, April 24 2014 7:25 AM EDT2014-04-24 11:25:45 GMT
    Ukrainian Interior Minister Arsen Avakov says police have cleared the city hall in a southeastern city of pro-Russian protesters who had been occupying it for over a week.
    Ukrainian government troops moved against pro-Russia forces in the east of the country on Thursday and killed at least two of them in clashes at checkpoints manned by the insurgents, the government and insurgents said....
  • Afghan hospital guard kills 3 American doctors

    Afghan hospital guard kills 3 American doctors

    Thursday, April 24 2014 7:25 AM EDT2014-04-24 11:25:41 GMT
    Police in Afghanistan say a security guard has opened fire in a Kabul hospital, killing three foreigners and wounding one other person.
    An Afghan security guard opened fire on a group of foreign doctors at a Kabul hospital on Thursday morning, killing three American physicians and wounding a U.S. nurse, officials said.
  • Squatters moving out of New Port Richey soldier's home

    Squatters moving out of New Port Richey soldier's home

    Thursday, April 24 2014 6:50 AM EDT2014-04-24 10:50:51 GMT
    Squatters begin moving out of Spc. Michael Sharkey's home on Wednesday night.Squatters begin moving out of Spc. Michael Sharkey's home on Wednesday night.
    Our 8 On Your Side story about a New Port Richey soldier who says his home has been taken over by squatters is striking a nerve in the community and now, the squatters are moving out. 
    Our 8 On Your Side story about a New Port Richey soldier who says his home has been taken over by squatters is striking a nerve in the community and now, the squatters are moving out.  
  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.