Attorney: Potential Victims Coming Forward Since Siskey FBI Affidavit Unsealed

CHARLOTTE, NC– “The first step has to be to identify the potential size of this problem,” said attorney Charles Monnett.

Attorney Charles Monnett says since the unsealed FBI affidavit became public detailing Richard Siskey’s alleged Ponzi scheme, his phone has been ringing off the hook with potential victims.

“Where’s the money where did it go, how did it get to where it is and who’s responsible for the fact that this was allowed to happen, ” said Monnett.

In the affidavit the FBI names several of Siskey’s related businesses like Wall Street Capitol in Southpark but focuses mostly on TSI holdings, a fund Siskey started. The affidavit says the majority of $23.5 million in investor funds was not used for investments but that millions were transferred to Siskey’s personal accounts.

“The money seems to be going in a lot of different directions, everywhere except where it was supposed to go,” said Monnett.

For example over $15 million to casinos, $800,000 to wine, $700,000 to Diamonds Direct, $389,000 of that for a ring for wife Diane. Also, real estate like his home on Sharon Road North and a lavish car collection.

Monnett has filed a motion to keep widow Diane from having control over the estate.

“I just felt there were too many potential conflicts of interest, too many unanswered questions,” said Monnett.

Like how, according to the FBI, the scheme went on for years while investors lost life savings.

“How could this happen in the post-Bernie Madoff era that all this money could be gathered up from various investors and no one was making sure it was going where it was supposed to go,” said Monnett.