Son of Couple Indicted in Alleged Ponzi Scheme, Arrested on Warrant at West Roxbury Home
The following article is based on a Boston Police report, and where charged are mentioned, it does not indicate a conviction.
The son of the West Roxbury couple, who was indicted for allegedly operating a Ponzi scheme from their Centre Street office, was arrested recently on a warrant.
On March 13, around 12:40 p.m., Gregory Palladino, of 40 Lyall St., West Roxbury, was arrested on a warrant for operating a motor vehicle after a suspended license.
Boston Police were executing a search warrant at 40 Lyall St., the home of Steven and Lori Palladino, when Gregory pulled up to the house. Police asked the suspect if he were aware his license was suspended in Massachusetts, to which he allegedly admitted to, according to a Boston Police report.
The vehicle was parked in front of the home and his license was seized and was to be forwarded to the Registry of Motor Vehicles.
Gregory was not personally indicted while his parents were, and the company Viking Financial Group, Inc. was also indicted, which Lori Palladino and the Gregory incorporated in 2007. The three family members are the company’s sole employees. This company is based in West Roxbury above iScream Works, which the Palladinos also own, and that business was not indicted.
mike B
10:18 pm on Tuesday, March 19, 2013
If this is a continuing problem from 2007, why has the city not persude him when purchasing other properties in west roxbury since then? or the FBI? whom else is involved!
larry h
1:46 am on Friday, May 17, 2013
Palladinos have stolen 12 million dollars from investors. They have spent a half-million of that amount on lawyers to protect and shield them from investigation.