Fools and Other People’s Money - Client Steals $400K for Hustler

[+ ArVaGuy]

This article was posted on the main page of Daddy’s Reviews site and I could not let this one pass without comment. What was this guy thinking spending $400,000 of client investments on a hustler in less than four months? The hustler received a $72,000 Mercedes, a WeHo apartment, $9,000 Rolex, $40,000 in clothing plus a $3,000 Louis Vuitton gym bag all that and more in less than four months.

 

The article does not name the hustler but it would sure be interesting to find out. I am curious to know just what one keeps in a $3,000 LV gym bag. Seriously though, should the hustler be held responsible for the actions of his client? There’s nothing wrong with accepting gifts IMHO but no doubt the client did not likely tell the hustler he was stealing the money.

 

 

 

http://www.365gay.com/Newscon07/07/071307hustler.htm

 

Man Accused Of Stealing $400,000 For Hustler Boyfriend

by 365Gay.com Newscenter Staff

 

Posted: July 13, 2007 - 3:00 pm ET

 

(Portland, Oregon) An Oregon man accused of draining $400,000 from the accounts of investors spent all of the money in less than four months on a gay hustler he met in an Internet chat room according to police.

 

Gary Sparks, 64, is charged with 32 counts of securities fraud and theft.

 

Sparks fell madly in love with the 23-year old hustler and hoped to build a long-term relationship with him, the Oregonian newspaper quotes police as saying.

 

Investigators told the paper that Sparks who lives in a trailer home spent none of the money on himself.

 

Over a four month period he gave the hustler, who has not been named, a $72,000 Mercedes convertible and set him up in a West Hollywood apartment for which Sparks forked out $41,000 for a one-year lease.

 

He then gave the man a $9,000 Rolex watch and spent more than $40,000 on clothes for him - including a $3,000 on a Louis Vuitton gym bag.

 

"In Gary's mind, it was much more than sex," Portland police Detective Andy Madden told the Oregonian. "What Gary wanted was love - he wanted to have a relationship. And he had that until he ran out of money."

 

Madden said that Sparks, who portrayed himself as an investment counselor, began siphoning off money from client accounts in 2005, starting with a 79-year old man.

 

The alleged scam came to light when an attorney who was participating in a hearing over the mental competency of an elderly man contacted police saying the man's investment account had been cleaned out.

[Guest EuropTravl]

I read some other articles on this online and this took place during the span of 12/2005 to 3/2006. I doubt the "hustler" is driving the $72,000 car or wearing the 40,000 dollar clothes purchased with stolen money anymore. And I'm sure the "hustler" used part of the 200,000 not accounted for to pay his taxes on everything he declared - NOT.

 

"The alleged scam came to light when an attorney who was participating in a hearing over the mental competency of an elderly man contacted police saying the man's investment account had been cleaned out."

 

Stealing money meant to go in the lawyer's pocket. My God, the man's insane.

[Rick Munroe]

Hmmm...I wonder if it's too late for me to meet him and convince him to buy me an $800 blonde Cher doll on eBay? :o

[Philly Guy]

Now this is called working with other peoples money

[Guest RandyRon]

>Hmmm...I wonder if it's too late for me to meet him and

>convince him to buy me an $800 blonde Cher doll on eBay? :o

 

 

What did you do with the last one I gave you? :+

[xanthus69]

By report of Kevin Wilde, the "hustler" was none other than Michael Sterling. Sterling was "helping" another elderly gentleman, a retired physician, a celebrated bridge card game master, at Dallas when the story was printed, and, he was promptly evicted from the man's house by his family. Again, by report, Sterling has returned to the Ft. Lauderdale area, and, by his emails, he is again "accepting clients". I booked Sterling for a date at New Orleans a month or two ago, he was on his way to Dallas by car, and, although he presents nicely in public, and, he did not disappoint in any way between the sheets, I would not have given him a small fortune in cash and gifts for the pleasure of his company as he made it known from the beginning that he loved only himself and his interests were sex, pornography, money, luxury cars, physical fitness, and hashish, hardly the stuff of a LTR. Too, I don't equate recreational sex with "luv".

[Guest EuropTravl]

>>By report of Kevin Wilde, the "hustler" was none other than Michael Sterling.

 

Don't you know any other names than "Michael Sterling"? I thought that name sounded familiar and reviewed that you've started almost a dozen threads about "Michael Sterling", who you last posted was 37 years old and living in Ft. Lauderdale. The hustler in this story is 23 and he and his client reportedly met in a Portland M4M chatroom. I thought this Sterling chap was such a "Bugatti Boy" he couldn't ever be traced to a "chatroom" my heavens. Portland?!

[xanthus69]

Don't get your knickers in a twist, sport! When was the last time you published your chronological age to a prospective partner for a roll between the sheets? As a matter of fact, Sterling is in good shape, and, in the proper lighting, he could pass for a man in his early twenties, and, in my experience, he is exceptional in his sexual prowess. Names??? Certainly. . .Hank Wallace, Hans Hardbody (Dallas), Alain Buch, Alessandro Martines, Laurence Mendoza, Hakan Belkiran, all in the Bugatti Boy class and costly. Martines, an Italian boy presently in South Florida, will take your breath away and leave you on your knees gasping for "more". Laurence Mendoza is possessed of a physical beauty that has caused grown men to weep in its contemplation. I surmise you to be knowledgeable as to the distinction between "costly" and "expensive". And, of course, all of these men have an especial interest in life: $$$$$. Love ya Parker

[xanthus69]

Post Scriptum: And, of course, Konstantin Sotnikov, a blonde cock god from St Petersburg who was celebrated as the "It Boy" on the island that is Palm Beach. After two years, Sotnikov departed the island with a Bentley automobile as a token of his patron's keen appreciation of the boy's physical beauty, personal charm and high intelligence. Presently, he is in South Beach, the full-time "walker" of the model known as Malinka Max, Herself being the mistress of a millionaire Pole or Hungarian expatriate.

[Guest EuropTravl]

"Hans Hardbody"

 

 

:7

:7

:7

 

(thanks)

(uhm, which online chatroom would I find Mr. Hardbody in again?)

[xanthus69]

To the best of my knowledge, he divides his time between Dallas and Connecticut, but, he does travel by request, and, he works "for fun" on occasion as a Chippendale dancer. He has a spectacular body, and, by him, he is bisexual, that is, anything goes that gives pleasure and generates $$$$$. By rumour, he set a record for a weekend gig with a couple here on the island: $10.000 + gratuity; however, the fee might well be an exaggeration. He was represented, exclusively, by Mila of Swedish Harmony (swedishharmony.com) at the time I booked him a year or two ago. I don't think she represents men anymore, too much trouble and too little demand I suppose. I might have the pix he sent me, and, I will be happy to furnish them to you by request. Too, if you find yourself in Florida, Alessandro is an attraction not to be missed: a tall, slender, elegant Roman and hung as a stud bull. He worked as a model for Dolce & Gabbana, and, in making the representation that he "knows how to use my body" he is not "puffing". As for Konstantine Sotnikov, if you pull up Malinka Max's website, malinka.com, he is featured in a number of pix in her lifetstyle section. He was very pretty when he came to the island, but, he is now somewhat worn by time and alcohol and tobacco consumption, and, of course, walking Malinka. My email address is xanthus69@yahoo.com. Love ya Parker

[xanthus69]

http://www.hunkmania.com/cory/htm???