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

Ponzi scheme takes all of Clearwater woman's money

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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.

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