Man that killed family then self may have been involved in a $20M Ponzi scheme

April 23, 11:56 AMUpper Marlboro Headlines ExaminerJoanne Wallington

Previous Next

Comment Print Email RSS Subscribe

Subscribe

Get alerts when there is a new article from the Upper Marlboro Headlines Examiner. Read Examiner.com's terms of use.

Email Address   Include other special offers from Examiner.com Terms of Use

Update from Monday's original story from bloomberg.com.

William Parente, the man who killed his wife, two daughters then himself, was a New York lawyer that may have been involved in a $20M Ponzi scheme. 

The FBI's New York office is investigating whether there was any funny business with Mr. Parente's business interests.  Parente specialized in real estate and estate work.  One of his clients invested in what were supposed to be investment notes from a short-term commercial real estate transaction.  The client invested more than $100,000 into the private funds only to realize it may have been a Ponzi scheme.

Click on the link above for the full story.  All of these questionable suicides are a little too reminiscent of the Stock Market crash that led us into the Great Depression.  After the market tanked, investors and bankers that lost their savings plummeted from the windows of New York skyscrapers.  Now I know why my office windows do not open.

Original story is below

Four more family members were found dead in a Towson Sheraton Hotel just north of Baltimore, MD on Monday.  This appears to be another case of murder-suicide.

This is not deja vu.  This is the not the family that killed in Middletown, MD. 

That was on Saturday.  Stay with me.

In this tragedy, the bodies of a man, two women and a teenage girl were found locked in the hotel room, after housekeeping tried to enter.  The family is not from the area, and a Mercedes SUV with New York tags was towed from the parking lot as evidence.

Although police will not say how the people died, they will say that it is clear they did not die from natural causes.

 Speechless.

Check back for updates.  Names nor the motive have not been released yet.

Update:  According to cnn.com, the names of those dead are:  William Parente, 59; Betty Parente, 58; Stephanie Parente, 19; and Catherine Parente, 11. The family is from Garden City, New York.