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Sarcona convicted in supplement scam

This article was originally published in The Tan Sheet

Executive Summary

A federal jury convicts Frank Sarcona, a Boca Raton, Fla., businessman of defrauding more than 100,000 consumers out of more than $16 million "through his fraudulent sales techniques" relating to a supplement product called Lipoban, says Jeffrey Sloman, U.S. Attorney for the Southern District of Florida. Sarcona's sentencing is scheduled for Jan. 15, 2010. Sloman's Oct. 30 release says Sarcona - also known as Frank Sarcone and Dave Johnson - violated a 1999 final injunction order prohibiting his connection with the sale of a supplement and requiring him to post a $5 million performance bond before becoming involved with a weight-loss service or product. The injunction order stemmed from the lawsuit FTC v. SlimAmerica (1"The Tan Sheet" Feb. 10, 1997)

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