Lori Palladino Denies Involvement in Ponzi Scheme

The Palladinos of West Roxbury are accused of stealing from investors in their company, Viking Financial Group, Inc., to finance their extravagant lifestyle.

The wife in a West Roxbury husband/wife tandem accused of running a ponzi scheme said she only kept the books.

The Boston Globe reported Wednesday Lori Palladino, who pled not guilty to charges alleging she misused $100,000 of investors money, was merely a bookkeeper for her husband Steven’s private lending firm, Viking Financial Group, Inc.

“She was the bookkeeper. And if she wasn’t the wife of the principal, I don’t know if she would have been included in this indictment,’’ Lori Palladino’s lawyer Philip A. Tracy Jr. told reporters at Suffolk Superior Court Wednesday, according to the Globe. “But nevertheless, she is the bookkeeper and that’s it. She did not conduct the business that is in question.”

The Globe reports Lori Palladino is listed as the company’s president.

Steven Palladino, 55, and Lori Palladino, 52,  according to a press release from Suffolk County District Attorney Dan Conley and Boston Police Commissioner Edward Davis.

Lori Palladino was released on $1 million surety, according to Suffolk County District Attorney spokesman Jake Wark. She, along with her husband and Viking, will be in court again May 8.


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