Leonardo Garcinuno (and his wife Josiane) is a charming fellow with one heck of a compelling story to tell. In short this gentleman claims to have knowledge worth millions, and all he needs to unleash this bonanza is a willing investor and three months. Mr. Garcinuno claims he can make bio-diesel out of restaurant frying grease, animal waste, and other waste products. His far fetched story is substantiated by an impressive array of containers, pipes; houses, a small truck and improvised machines that he claims are part of the machinery of his bio-diesel making capacity.
But nothing could be further from the truth. Mr. Garcinuno has an impressive record of ex-associates and investors who have believed him and gotten nothing but cheap dreams, plenty of disappointments, and financial ruin. After convincing his victims to put up quite a bit of cash, Leonardo will insist on having access to the money and will begin to spend it like a drunken whoring sailor, often buying expensive items for the business and always making sure his personal expenses are paid for. He will often use the money on expensive personal expenses, like going out to dinner, buying groceries at Whole Foods, and taking his dogs to the veterinarian.
But he never gets around to actually producing bio diesel; there is always an excuse, always a hurdle, always a problem shows up that prevents him from producing. The main obstacle of course is always money, "without money we can't attract investors, without more money I can't buy a key component to make bio-fuel, without more money I can't produce." The reality is that Leonardo Garcinuno is incapable of producing bio-diesel, not at the scale and quantity he claims to have the capacity to do.
But this should come with no surprise; Leonardo Garcinuno makes a lot of inflated claims: he claims to be an ex-pilot, a bio-chemist, an air plane mechanic, race car mechanic, an electrician, a welder, a soda pop maker, but his true profession is a swindler and con artist in the business of selling a sham.
If all this sounds far fetched I invite the potential investor to do some investigating of his own, at http://sunbiz.org/, you can search Florida State records, under registered agent type Leonardo Garcinuno, and you will get a detailed list of his past corporations and the names and phone numbers of many of his ex-associates and business partners. Give them a call, get some references, and find out what they think of Leonardo Garcinuno. Uday Shetty, who was swindled out of $500,000 gave this advice about Leonardo Garcinuno, "Turn around and run, this man has ruined me." Abraham and Martha Furer bought into Garcinuno's spiel, believed he would be producing quality bio-diesel in three months, after 19 months and after sinking $240,000 got nothing, in fact Leonardo Garcinuno spent $110,000 in personal expenses: going to restaurants, buying food, and cash allowances, all the while he was paid a salary and on more than one occasion his rent.
Martha and Abraham Furer are now in a "financial cancer", unable to pay back the loans and even their mortgage. Adding to the criminality of it all is the fact that both Abraham and Martha are in their 70's. Leonardo Garcinuno has not qualms of taking advantage of nave and trustworthy senior citizens.
David
Miami, Florida
U.S.A.