BANKRUPT BANKER
Clyde 'Peter' Hall was sentenced today in Manhattan federal court to 20 years in prison for defrauding investors of millions of dollars
Saturday 23 October 2010
New York State News on the Net!: "Clyde 'Peter' Hall was sentenced today in Manhattan federal court to 20 years in prison for defrauding investors of millions of dollars by fraudulently promising them access to high yield investment programs and bank instruments with purported high rates of return. Hall, who decades ago played football for the New York Giants, was also sentenced on separate charges of bankruptcy fraud.
Hall held himself out as the 'representative' or 'attorney-in-fact' of two purported business trusts and told his victims that in exchange for upfront or advance fees he could obtain various bank instruments worth hundreds of millions of dollars which could be used as collateral for loans or to fund trading in high yield investment programs.
Despite Hall’s promises to victims that the advance fees were completely refundable, and that he had over a decade of success promoting these investments, Hall used the advance fees to pay personal and family expenses and for the benefit of his co-conspirators. At the time of his arrest, Hall possessed fake bank letters of credit or bank guarantees on paper bearing the logos of well-known international banks, including UBS AG, ABNAMRO, Citibank, J.P. Morgan Chase Bank, Bank of America, and Sumitomo Mitsui Banking Corporation."
Why are there no photos of Clyde Peter Hall? There was the prosecuting attorney's picture on one article and it seemed it might be Hall on first sight. Did he cut a deal to keep his photo out of the papers? Has there been any follow up interviews with him or his wife? Are there photos of his wife, Anne Torselius Hall?