Having been
convicted
of wire fraud and money laundering, former Investview CEO Joseph Cammarata now faces tax fraud criminal charges.

Like Cammarata’s wire fraud and money laundering case, his alleged tax fraud is tied to Alpha Plus Recovery.

As detailed in Cammarata’s September 22nd indictment,

Alpha Plus Recovery LLC was incorporated in the State of New Jersey on August 21, 2014.

Alpha Plus was in the Business of aggregating claims on behalf of individuals or institutional shareholders who had a right to claim monetary recovery from securities fraud class action settlements.

Defendant Joseph Cammarata along with Erik Cohen and David Punturieri … owned, operated, and managed Alpha Plus.

Defendant Cammarata had signatory authority over Alpha Plus’ bank accounts.

Three of Alpha Plus’ cited clients are:

Nimello Holding LLC – incorporated in Gibraltar and New Jersey and attached to a PNC Bank account in the name “NJ Nimello”

Quartis Trade and Investment LLC – incorporated in the Bahamas and New Jersey, attached to PNC Bank, TD Bank and Investors Bank accounts in the name NJ Quartis

Inversiones Invergasa SAS – incorporated in Colombia

As per Cammarata’s indictment, through the three shell companies above, Cammarata made “false and fraudulent claims” with claims administrators in SEC recovery cases.

Funds obtained through the bogus claims were laundered through TD Bank accounts, in the name PB Trade LLC and Misc Holdings Corp.

These accounts were both owned and controlled by Cammarata (right).

From on or about May 26, 2015, through on or about August 9, 2021, defendant Joseph Cammarata used funds from the PB Trade LLC TD Bank account for personal expenditures.

From on or about May 6, 2015, through on or about February 19, 2020, defendant Joseph Cammarata withdrew $530,880 of cash from the PB Trade LLC TD Bank account.

Cammarata also laundered money through a PB Trade LLC brokerage account held at Merrill Lynch, Pierce, Fenner and Smith.

From on or about February 22, 2016, through on or about July 15, 2021, defendant Joseph Cammarata transferred funds from the PB Trade LLC TD Bank account to a personal account at TD Bank that he shared with his wife.

All in all Cammarata illegally obtained “more than $18 million” through bogus Alpha Plus client claims.

From at least on or about January 1, 2015, through on or about October 12, 2020, defendants Cammarata used funds from bank and brokerage accounts in the names of PB Trade LLC and Misc Holdings to pay more than $4 million of personal expenses.

The DOJ contends that through the use of the above corporate account, Cammarata

wilfully attempted to evade and defeat a large part of the income tax due and owing by him and his wife to the US for the calendar year 2015.

Cited amounts Cammarata allegedly withheld from the IRS are:

$1.7 million in 2015

$2.5 million in 2016

$4.8 million in 2017

$3.5 million in 2018 and

$3.3 million in 2019

As per his indictment Cammarata has been charge

🤖 Quick Answer

What are the charges against Joseph Cammarata?
Joseph Cammarata, former Investview CEO previously convicted of wire fraud and money laundering, now faces additional criminal charges for tax fraud related to Alpha Plus Recovery LLC, a New Jersey-incorporated company that aggregated claims from securities fraud class action settlements.

What was Alpha Plus Recovery's business model?
Alpha Plus Recovery LLC, incorporated in New Jersey in August 2014, operated by aggregating monetary claims on behalf of individual and institutional shareholders entitled to recover funds from securities fraud class action settlements.

Who controlled Alpha Plus Recovery?
Joseph Cammarata, Erik Cohen, and David Punturieri owned, operated, and managed Alpha Plus Recovery LLC. Cammarata held signatory authority over the company's bank accounts.

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