Tuesday, March 16, 2010

A world-class con man's second career: Informant

The Philadelphia Inquirer reports:
As a con artist and swindler, Kevin Waltzer had genuine talent. He began by scamming $300,000 in a 1999 stock fraud, later displayed a knack for getting victims to invest in worthless companies, and ultimately orchestrated a complex, years-long fraud that stole $44.6 million.

But dozens of people were surprised when they discovered that Waltzer was proficient at a second skill, too.

Government informant.

The astonishment started with his wife, former NBC10 news anchor and reporter Lisa Mishler, with whom he owned a $1.5 million, elaborately landscaped Bucks County mansion. In 2007, Waltzer told her that his money came not from venture capitalism or day-trading in the stock market, but by stealing on a massive scale.
What a story.