PHOENIX — Lawrence Raymon Pargo, of Goodyear, was indicted by a state grand jury on 11 felony counts for his alleged involvement in a mass marketing scheme that involved fraudulent opportunities to work from home.
Pargo allegedly solicited individuals by phone to purchase ownership shares of the Buyers Cash Club, which included advertising packages and websites purporting to sell products from various retailers at 50 percent off the retail price.
He allegedly did not have agreements with the retailers to pass on discounts to the “cash club” members. Therefore, “the individuals that bought items from his business did not receive what they purchased,” said a release from the Arizona attorney general’s office
The sole owner of Buyers Cash Club, Pargo allegedly operated this scheme from March 28, 2014, to March 19, 2015.
Pargo is facing six counts of theft, two counts of illegal control of an enterprise, two counts of fraudulent schemes and one count or money laundering. Six of the counts are Class 2 felonies, punishable by five years in prison, five of the counts are Class 3 felonies, punishable by 3.5 years.
This case was investigated by the F.B.I. Anyone with additional information is asked to call the Phoenix F.B.I. office at (623) 466-1999n or submit a tip at tips.fbi.gov.