In an incredible case of art imitating life, after playing the part of a mobster who stole millions in the award-winning feature film
March 24, 2008, Beverly Hills, CA - On March 14, 2008 federal Judge Leonie Brinkema in the U.S. Eastern District of Virginia sentenced Arizona recidivist Michael Paloma aka Michael Ralph Saquella aka Michael Blake (Case Number 1:07 CR305-001) to ten years imprisonment. Paloma was ordered to pay $7.8 million dollars dollars in restitution. According to the filings by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), Paloma and his co-conspirators, including prominent mobsters, bilked as many as 25,000 penny stock investors of up to $50 million dollars.
This story has it all: an Elvis impersonator who claimed to be a Samurai competing in Jiu-Jitsu matches, attempted to avoid incarceration by claiming that he was