The Fraudfather: Tony Rand's Second Criminal Fraud Bust Coincides With The First For His Five Sons

by George Waldon  on Monday, Aug. 29, 2011 12:00 am  

Ex-theater owner Tony Rand and his five sons have been convicted of scams totalling $110 million.

"The last thing they want to do is hit something," Hays said. "If you sell more than 100 percent, you don't want to actually hit a well because then you have to pay the investors."

Like "The Producers," oilfield scammers like the Rands often prey on elderly investors, whose memory can be suspect, whose pride might prevent them from complaining and whose mortality might eliminate them. (One of Jeff's investors was television personality Art Linkletter, who bragged about his "oil drilling partner" during a 2002 appearance on "Larry King Live," a few days after his 90th birthday. Linkletter died in May 2010.)

"If you stall long enough, they go to the nursing home or die," Hays said.

Pierre and other surviving Rand investors can at least take satisfaction that the Rands are going to prison. That's another family tradition.

 

March 16, 2007

To the Rand Brothers

I was going to say, Dear Rand Brothers, but that would not be appropriate for a bunch of habitual criminals. There are no humans in the Rand Family.

Humans do not steal from poor investors like myself. I am legally blind. I cannot drive a car and have no money to call a cab to go to the doctor or dentist.

Your family has been stealing my oil revenue every month over the last 14+ years, and this has made my retirement life a mess ...

It is hard for me to understand how you thieves have been able to get away with this fraud ... I know that the Rands have more than plenty of money that they do not know what to do with besides investing in all the toys for adults like auto racing, the horses and many other luxury toys.

Yes, with the money that you have defrauded, you could be paying off some of the people that should have your family behind bars, but this is expected to happen soon, and the Rand family will live in the Big House with a lot of tough company for the rest of their lives, for being habitual criminals.

 

 

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