Jew Corrupter: D.Goldfarb $40 Million Fraudster

[CrackSmokeRepublican]

Jew Corrupter and Fraudster D. Goldfarb

PHOENIX - David Steven Goldfarb, 60, of Paradise Valley, Ariz., was found guilty by a
federal jury in Phoenix on Monday of Conspiracy to Commit Mail Fraud and Mail Fraud. The case
was tried before U.S. District Court Judge David G. Campbell between October 21 through November
10, 2008. Sentencing is set before Judge Campbell on February 9, 2009.
Goldfarb and co-defendants Richard Ross, Paul Woodcock and Milton Guenther owned
and operated CORF Licensing Services, LP (CLS) and CORF Management Services, LP (CMS) from
1999 to May 2003. Investors contracted with CLS to set up a Comprehensive Outpatient
Rehabilitation facility (CORF). A CORF is essentially a medical facility that provides healthcare
rehabilitation services to patients in an outpatient setting.
The services CLS contracted to provide included facility site selection, facility lease
negotiation, facility layout and design assistance, location of key qualified employees, preparation of
policies and procedures manuals and assistance in obtaining certification as a Medicare participating
provider. Investors paid large fees to the defendants between $100,000 to $165,000 per facility to
obtain their services. From 1999 to May 2003, the defendants sold 338 contracts to investor/victims
and collected over $40,000,000 in investment fees.
Goldfarb and his co-defendants routinely placed ads in newspapers and magazines which
represented that an investor could expect to make $450,000 in net profit for their first year of operating
a CORF. Goldfarb and his co-defendants also held monthly, and sometimes bi-monthly, sales
seminars at a Scottsdale, Ariz. Country Club. During these sales seminars, Ross presented projected
revenue numbers for owning and operating a CORF. Investors were told that each CORF could expect
to collect over $1,000,000 in cash for its first year of operation, and over $1,400,000 in its second
year.
By mid-2001, Goldfarb and his co-defendants became aware that their clients were not
achieving the revenue figures that they were presenting in ads and sales seminars. In fact, the
majority, if not all, of their clients were not making enough money to meet their monthly expenses.
However, Goldfarb and his co-defendants continued to represent that owning a CORF would generate
over $1,000,000 of revenue in its first year. In addition, the defendants stated that their projected
revenue numbers were "conservative," "worst case-scenario," and were based on existing operating
clients of CLS.
Potential investors were also encouraged to talk to independent CORF owners and were
referred to co-defendants James Bonebrake, Raymond Marshall, Brian Ongaro, Colin McHale and
Michael Nibler. These individuals were paid substantial sums of money by CLS and represented to
investors that their CORFs were profitable and meeting the projections of CLS.

http://www.justice.gov/usao/az/press_re ... 0al%29.pdf