HomePals not so friendly to investors

The SEC has charged Ronnie Eugene Bass, Jr., Abner Alabre, and Brian J. Taglieri with fraud for operating a Ponzi scheme through their companies HomePals Investment Club and HomePals. The three South Florida residents are reported to have raised at least $14.3 million from April to December of 2008 from a community of Haitian-Americans living in Florida and New Jersey, with Mr. Bass “selling...