Can you count the letter "n" in:
According to federal prosecutors, Kaveh Vahedi, 51, Glendale, CA,held himself out as a successful businessman who made hundreds of millions of dollars brokering international bond deals through his company, KGV Investments - if you were approached by Vahedi, he told you that he had contacts who allowed him to take advantage of breath-taking overseas deals, real estate and commercial developments in China and Dubai; and, he also had entree to some attractive United State projects as well.
The thing is, well,Vahedi was running a Ponzi scheme, which ripped-off over 30 investors to the tune of some $12 million. And, you know, as these things go, the investors' funds never quite made it to where they were supposed to go but wound up being diverted towards Vahedi's mortgages, luxury vehicles, and tuition. By the time this latest Ponzi-carnage was complete, the victims' losses amounted to over $8 million.
On November 29, 2012, Vahedi is scheduled to plead guilty in federal court in the Central District of California to one count of wire fraud in connection with the Ponzi.
Oh, but, hold on. There's more.
Vahedi also ran Countywide Financial (not connected with "Countrywide Home Loans" of Calabasas, CA), which was an approved mortgage broker for several major lending banks including Countrywide Home Loans, Countrywide Bank, andBank of America. Seems that Vahedi was a busy fellow because in addition to his multi-million-dollar Ponzi scheme, he also submitted at least 250 fraudulent loan applications replete with falsified employment and income records. The defrauded lenders approved millions of dollars in loans.
Oh, but, hold on - again.
Vahedi posed as his father in order to withdraw about $250,000 from his parents' bank account - and, while he was at it impersonating dear old dad, he also took out a $493,000 home equity loan against his parents' home.
Consequently, when Vahedi is busy pleading out to the Ponzi and mortgage conspiracy, he's also going to plead guilty to one count of bank fraud as a result of stealing over $700,000 from his parents by draining their bank accounts and taking out a loan on their home.
Upon pleading to the three felony counts Vahedi will face a statutory maximum sentence of 55 years in federal prison. He may ask for leniency because his mother and father are now in dire financial straits. Yeah, that's sarcasm - the dripping variety.
user
I found 145 "n"s in the provided passage.
assistant