Earlier this month Frank Calabro Jr. posted a series of rants against the North Carolina Securities Division.

In one
provided court transcript
, it is revealed Calabro Jr. stole at least $2.2 million from USI-Tech Ponzi victims.

The transcript pertains to a hearing held in October 2018, several months after Calabro Jr.’s property was raided and evidence seized.

Calabro Jr.’s attorney argued that, in the absence of information pertaining to investigations into his client, Calabro Jr.’s seized assets should be returned.

As put forth by Calabro Jr.’s attorney;

We inquired as late as yesterday afternoon of the Department of the Secretary of State what agency or authority is investigating Mr. Calabro.

The response we received was that they were not authorized to tell us who that was.

What we do know is originally when we filed this motion, we were told that we should speak to the U.S. Attorney’s Office in the Western District of North Carolina, particularly Mr. Ryan, Dan Ryan, and we did that to talk about the return of the property and were very quickly told that the U.S. Attorney’s Office was not going to be pursuing an investigation.

So as we stand here today, we don’t know whether there is an investigation. We don’t know who might be conducting it.

In response, First Assistant District Attorney Howard Cummings clarified Calabro Jr. was

being investigated by investigators and forensic analysts under the direction of Mr. Haislip who is a special prosecutor at the Secretary of State.

First ADA Cummings then questioned Special Agent Shawn Pruett, who described how Calabro Jr. earns a living as follows:

Mr. Calabro will tell you that he is a marketing tutorer, if you will. He trains people on marketing techniques.

He calls himself an affiliate marketer and his expertise, he will tell you, is — and I say he will tell you because I have spoken with him directly — his expertise is —

(overruled objections)

that he is a trainer for — trains people in how to be an internet affiliate marketer.

To that end, he runs a website called planetmillionaire.(dot)com which is kind of the hub of his internet enterprise or his internet activity.

Within — within planetmillionaire.(dot)com, there are certain sections where anybody can go to view a video, for example, of how he trains people on affiliate marketing and how to market with the internet.

those videos then end up all going into something that Mr. Calabro was actually selling to someone. And so you may watch a video on how to use e-mails for marketing.

By the end of that video, he is then walking you into either a MLM, a pyramid-type scheme, or in some cases Ponzi schemes.

At the request of Calabro Jr.’s attorneys, the Securiteis Division examined a box ‘
labeled 2017 for his tax purposes.
‘

SA Pruett:
We found that box, and yes, there were many ledger items and notes within that box referring to USI Tech.

First ADA Cummings:
And can you — when you referred those ledger sheets, were you a

🤖 Quick Answer

Who is Frank Calabro Jr. and what are the allegations against him?
Frank Calabro Jr. is accused of stealing approximately $2.2 million from victims of the USI-Tech Ponzi scheme. Court transcripts from an October 2018 hearing reveal these charges. His property was previously raided and evidence seized during the investigation into his alleged involvement in the fraudulent scheme.

What legal action did Calabro Jr. take regarding seized assets?
Calabro Jr.'s attorney filed a motion requesting the return of seized assets, arguing that without information about active investigations, the seized property should be released. The attorney claimed the Department of the Secretary of State refused to disclose which agency was investigating Calabro Jr.

When did the October 2018 hearing take place?
The hearing occurred several months after authorities raided Calabro Jr.'s property and seized evidence related to the USI-

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