LAWFUEL – Legal News, Legal Jobs – R. Alexander Acosta, Un…

LAWFUEL – Legal News, Legal Jobs – R. Alexander Acosta, United States Attorney for the Southern District of Florida, and Henry Gutierrez, Postal Inspector in Charge, United States Postal Inspection Service, announced that a boiler room president was sentenced on December 19, 2006, in connection with his participation in fraudulent business opportunity sales at a Miami firm called Pantheon Holdings, a/k/a Internet Machine Company (“Pantheon”). United States District Court Judge Alan S. Gold sentenced Alan Glaubman to 78 months’ imprisonment, three (3) years of supervised release, and ordered him to pay $18,135,958.78 in restitution.

According to charging documents, Pantheon promoted the business opportunities to consumers across the country through television commercials, the Internet and other media, misrepresenting the profits that could be earned by purchasing a Pantheon distributorship, and urging consumers to call a telephone number that appeared in the advertisements. Potential purchasers were told that for a purchase price of approximately $18,000, Pantheon would, among other things: perform all the legwork of the business; find appropriate, viable, and high-traffic locations to place the kiosks; relocate any kiosk that underperformed; place national advertisements on the kiosk; and only sell distributorships in a limited geographic area. Pantheon salespeople falsely represented to potential purchasers that they would earn their investment back in nine months to a year.

According to charging documents, defendant Glaubman was made the nominee president of Pantheon by the firm’s undisclosed principals. Defendant Glaubman knew that he was named president because the principals needed someone with a clean record to serve as the front for the business. Glaubman pled guilty to conspiracy to commit mail fraud, in violation of 18 U.S.C. § 1349, on October 6, 2006.

Ten individuals have been sentenced in connection with the Pantheon scheme. Glaubman and his co-conspirators fraudulently induced approximately 736 consumers to invest a total of more than $18 million in Pantheon.

Mr. Acosta commended the investigative efforts of the Postal Inspection Service. This is one of a series of cases in which defendants have been convicted of similar schemes involving the sale of various fraudulent business opportunities involving Internet terminals, movie rental terminals, “cashless ATM machines” (which provide a receipt which consumers convert to cash at the register of the store where the machine was located), and other worthless “opportunities.” The Pantheon cases are being prosecuted by Jill Furman and Richard Goldberg, Trial Attorneys, United States Department of Justice, Office of Consumer Litigation.

A copy of this press release may be found on the website of the United States Attorney’s Office for the Southern District of Florida at Related court documents and information may be found on the website of the District Court for the Southern District of Florida at or on

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