Long-term Telecom Digest readers probably remember Thomas N. Salzano
as the fellow who ran Norvergence, a company which sold long distance
services as part of a Ponzi scheme, in addition signing customers up
for leases of their proprietary "matrix box" and selling those leases
to banks before making the leases worthless by shutting down the
service.

A search of Telecom Digest postings around 2004 will reveal quite a
bit of interesting history behind this operation.

Others might recall his earlier involvement in Minimum Rate Pricing
Inc, a long distance reseller which pioneered the practice of slamming
but which imploded under a huge debt load before being able to pay off
their rather minimal FCC fines.

In any case, Mr. Salzano appears to be at it again, although now he is
selling real estate rather than telecom services:

https://www.justice.gov/usao-nj/pr/two-leaders-real-estate-investment-firm-indicted-650-million-ponzi-scheme-conspiracy

I suppose it's good to see that the more things change, the more things
stay the same.

--scott

--
"C'est un Nagra. C'est suisse, et tres, tres precis."