Public records found on the Internet about Peter “Pete” R Iodice Web links with short summary.
Pete Iodice has plead guilty in SC to fraud charges. Here is a copy of the letter sent out to investors:
Bluffton businessman barred from securities business in SC; company ordered to pay fine
July 20th article Companies owned by Bluffton man under investigation owe local businesses.
July 11th Bluffton businessman investigated by State Attorney General
Order mentioned in the above article
http://www.scag.gov/wp-content/uploads/2011/03/Compass-Iodice-CD.pdf feb 25th cease and desist order.Prospective business owner has two fraud convictions – This article mentions his other past problems which he has an explanation for them in the article which we bought at the time – but now believe it is his pattern.
http://onlineathens.com/stories/091611/oco_886453641.shtml This is the event that happened in 2011 – the explanation Pete gave at the time this came up made sense. But here is the court filing of a statement from the business owner:
Vijay Kavuri vs Peter Iodice court filing 6/27/2013 Affidavit of Robert Kenrick in regards to the sale of his 9 Gas Plus locations.
April 28, 2010 Kenrick received a call from Iodice Probation officer. He informed me that Mr Iodice is on probation and has a criminal history of bilking investors by posing as the seller of real estate/businesses.on April 30 entered into contract to sell to TCP. Contact terminated July when no money coming.
From above link:
“Pete is very handsome, well-dressed, well-spoken,” Block said, explaining how the man who purports to have bachelor of administration and law degrees from the University of Georgia was able to convince so many people to invest in his schemes. “He reeks of charisma,” Block said. ”
http://www.illinoisattorneygeneral.gov/pressroom/2007_03/20070326.html Attorney general press release 2007 Car dealership in Il.
…their ”deposit.” The man, Peter Iodice, claims they only paid the $8…County sheriff’s deputies arrested Iodice, 52, on charges of theft by taking and theft by deception on Monday. Iodice, a long-time Oconee resident and…
”You can’t do a good business with a bad person. Find the right people to work with and you can’t go wrong.”