Every time you say that, Bob, it means a month-and-a-half of trouble for me, and thousands of dollars of taxpayer money
During his swindling career, Mr. Quinn helped run a giant boiler-room operation out of a villa overlooking the French Riviera, had a champion racehorse and was alleged to have helped former financier Martin Frankel pull off one of history’s largest insurance frauds. U.S. authorities say he stole an estimated $500 million total.
His record, which includes three SEC injunctions and two federal criminal convictions, stretches back to 1966 when regulators barred the 28-year-old Mr. Quinn from the brokerage business for peddling shares of a bogus Florida land company. In 1992, a federal judge called Mr. Quinn an “incorrigible” recidivist whose business activities “appear to be devoted exclusively to securities fraud.” Yet he has served a total of only about six years in prison—with most that in France.
All of that could change now. Last November, at the age of 72, he was arrested by federal agents as he stepped off a plane from Ireland at John F. Kennedy Airport and charged with helping orchestrate a $50 million telecommunications fraud.
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