A few days after I had talked with the prenovices about the . Golf has a reputation for creating business opportunities. Par Funding blamed the reductions on the onset of COVID-19, but court data showed that the firm had filed nearly 1,500 lawsuits against defaulting borrowers in 2019, before the virus surfaced. TRENTON, N.J. (CBS) -- A worker died after he was electrocuted after coming into contact with high-voltage power lines in Trenton, police say. Vagnozzi is not a registered financial adviser but he sure acted like one, according to the SEC. A trial is scheduled for next year. His lawyer, George Bochetto, says big firms such as Eckert carry lots of malpractice insurance. Around 1,200 investors were solicited through advertisements and free dinner seminars and promised high returns with little to no . The U.S. Securities and Exchange Commission says Vagnozzi and Par Funding misled investors about Pars financial soundness and the criminal past of a founder. The Commission has approved the Consent Agreement and Order entered into by Dean J. Vagnozzi d/b/a A Better Financial Plan, LLC, in which they are ordered to pay an administrative assessment for violations of the Pennsylvania Securities Act of 1972. Dean Vagnozzi stands in a room at Ruth Chris Steakhouse in King of Prussia, where he has pitched people during dinners about potential "alternative" investments. Days before the SEC filed suit, the couple made one last big purchase a pair of Patek Philippe watches for themselves, for a total of $154,000. A spokesperson for Vagnozzis lawyer said: Dean was going from memory and simply got the year wrong.. Pardo bought four planes and a yacht along with such artifacts as replicas of an ancient Egyptian sarcophagus and a pharaohs throne. Instead, the 16-year industry veteran is bucking the trend of the run-of-the mill 401(k) retirement planning strategies by connecting average Americans with investment opportunities usually reserved for the ultra-rich all while earning consistent, high-level results on behalf of his clients . The SEC said Par Funding, Vagnozzi, and the others raised nearly $500 million by misleading investors about the lender's reckless loan underwriting, high defaults on the money it lent, lack of business insurance, and history of regulatory trouble. In contrast, the receiver in the Par funding case says LaForte; his wife, Lisa McElhone; and other Par insiders kept for themselves more than $140 million out of the total of nearly $500 million put in by investors. Vagnozzi says he was kept in the dark about LaFortes record. Investors who refused were paid back in-part, or in-full and in late July 2020, Vagnozzi removed the remaining funds, which consisted of more than $500,000 in the MK Corporate Debt bank account and placed that money into his personal bank account this account and transfer was not disclosed in Vagnozzis July court filing per the receivers orders. Pardo hasnt paid. "I apologize for how poorly this fund has performed, he said. Vagnozzi is in no way off the hook here, Lechtzin said. In total, Par Funding took in about $480 million from investors. Even before the SEC lawsuit, Vagnozzi has agreed to pay $1.1 million since 2018 to resolve complaints from federal and state financial regulators about his sales techniques. By April he was writing that Par Funding appears to be insolvent.. In a sweeping lawsuit brought in 2020, the U.S. Securities and Exchange Commission said Par Funding, Vagnozzi, and other defendants hid the fact that one of the lending firm's founders, Joseph W. LaForte, had served prison time for past financial crimes. OK?". When checks resumed, the rate was just 4%, half the previous one. But in April, he turned his fire in a new direction suing his old ally, Pauciulo, in Common Pleas Court in Philadelphia. When you're looking for a financial advisor who will turn your usual standards on their head, Dean Vagnozzi is the perfect way to fit those needs. Indeed, LaForte entered a guilty plea to mortgage fraud on Oct. 4, 2006. He offers a wide range of unique advice to his clients: avoiding the company's 401k, not rushing to pay off your mortgage, and foregoing an IRA, among the other recommendations he turns upside down. Vagnozzis main policy source at first was a Texas firm, Life Partners Inc., a pioneer in acquiring and marketing policies. Golf is one of the greatest facilitators of business because the game is accessible to people of all ages and skill levels. "He never pulled me aside and told me what I was saying was wrong, or was a violation of securities law," Vagnozzi said in an email to The Inquirer. But in court already, Vagnozzi and his former lawyer have exchanged blows regarding a crucial issue in the SEC case: Vagnozzis choice not to tell investors that Joseph LaForte, one of the founders of Par Funding, was a twice-convicted financial criminal. As a group, about 1,500 merchants owe Par Funding about $350 million, but much of that appears to be non-collectible. Since 2016, he had urged customers to invest in funds linked to a Philadelphia firm known as Par Funding. rory gilmore 21st birthday; fetal heart rate 180 at 10 weeks; lakers future draft picks; Hello world! Details (610) 948-3172. Many investors, weary of slow returns, agreed to the switch. Dean Vagnozzi said that Eckert Seamans attorney John Pauciulo had failed to either uncover or disclose the risks of a partnership with Complete Business Solutions Group Inc., which did business as . Ads by BeenVerified. He could move their remaining investment into something with a higher return. Duke Energy Corporation. On July 24, 2020, the Securities and Exchange Commission ("SEC"), brought an emergency action against a number of individuals and entities, including but not limited to Dean J. Vagnozzi and his Pennsylvania-based company, A Better Financial Plan, for their roles in an alleged half billion dollar fraud scheme. An accounting major in college, he went on for a time to become a licensed securities broker. Silver Law Group continues to investigate Dean Vagnozzi, Par Funding, A Better Financial Plan, and others on behalf of investors in what the Securities and Exchange Commission (SEC) says was a $500 million "web of unregistered, fraudulent securities offerings.". I write about people and money in our community and beyond. He contends that he ordered Pauciulo to do a deep-dive, due-diligence background check on Par Funding, and that the lawyer reported back, There are no red flags. Pauciulo denies saying that and says the requested dive wasnt deep, but little more than an emailed quiz. One early investor was Robert Sullivan, 60, manager of a Philadelphia transportation company. This week's guest. This provided Par with the legal hammer for the quick withdrawals. Thus, Vagnozzi was then ordered to amend his disclosure to reflect the transfer as well as another transfer he had made moving $60,000 from Victory Bank into his own personal account. In another video, Pauciulo bragged, Together, Dean and I have created a model where small investors could get in on the kind of alternative asset action typically limited to rich investors. Vagnozzi has spent heavily on advertising in the Philadelphia market; he told the SEC that he was spending up to $20,000 a week. Hes also developed a taste for luxury cars, such as a $230,000 Aston Martin Vanquish and a Maserati Levante SUV, which starts at about $70,000. was founded in 2004 by Dean Vagnozzi with a vision that flying in the face of conventional-but-flawed wisdom can produce results the average middle-class investor . Ordinary investors could be like the big boys by pooling their money to back entrepreneurs whose products werent traded on the stock market. Now lives at 3872 Jane Ct, Collegeville, PA 19426. Until Vagnozzi and Pauciulo turned against each other, they had been able to weather increasingly rocky weather together. READ MORE: In SEC fraud lawsuit, Par Fundings receiver squares off with adviser Dean Vagnozzi over money freeze. Dean Vagnozzi is not your average financial advisor, but he does make the average investor wealthier than anyone imagined possible. Separately, in a last bit of litigation in the overall Life Partners scandal, a trustee for its creditors is suing Vagnozzi and scores of other Life Partners salespeople to claw back their commissions. I cover all things Wall Street, personal finance and investing, people and their money. He also recommended investments in real estate, in the outcome of lawsuits and in a startup promoting new addiction-treatment software. In the interim, the agency and Vagnozzi have made public hundreds of pages of documents that provide a snapshot of Vagnozzis business approach and show how he made himself one of the regions best-known financial advisers. In happier times, Vagnozzi, a King of Prussia financial salesman well-known through his once-ubiquitous radio ads, raised more than $200 million from investors seeking alternatives to the stock market. A Better Financial Plan, LLC. He also advertised on CNN, Fox News, CBS, and CNBC television. Tom, 77, walks with a slight limp, which has led to rumors that he may have arthritis. Details. In the depositions, Vagnozzi said he believes his business didnt run afoul of SEC rules intended to bar financial advisers from selling unregistered securities to the public. In these investments, buyers purchase life insurance policies, typically from aging people who no longer want their heirs to collect, but would rather have cash up front, even if they receive less than their death benefit. Now, Vagnozzi has brought his suit against Pauciulo and his firm. At first, he marketed investments in a burgeoning new market, for so-called life settlements. MENU MENU. Total. On the video, in which . Over the years, he has refined his unconventional investing approach in ways that extend well beyond the "cookie cutter" strategies employed at many firms. Half the 22 policies were to come due in 2020, So far, the documents say, he has received payouts for only three deaths. This website is strictly for educational purposes and is not intended to provide specific legal, financial, or tax advice. Dean Vagnozzi is on Facebook. His book on investing is available on his website for $19.95. Dean Vagnozzi served on 8/6/2020, answer due 8/27/2020. He told many of his investors in life-settlements that the elderly whose policies they had invested in werent dying as fast as predicted, which means investors' payments werent arriving as forecast. Join Facebook to connect with Dean Vagnozzi and others you may know. Shares in those funds are then shopped to individual investors. Angelo Michael Vagnozzi PENNINGTON - Angelo Michael Vagnozzi, 81, of Pennington entered into God's loving care on Tuesday, Aug. 26, 2014, at Capital Health Hopewell, surrounded by his loving family, after a courageous 18-year battle against Alzheimer's disease. We have had one death, no payout to us they need the money [from that settlement] to pay premiums on other policies, said another investor, Dale Hood, a Montgomery County health insurance salesman. READ MORE: Par Funding threatened violence, trashed reputations after businesses took out loans at brutal interest rates, borrowers say. what happened to dean vagnozzi. In his suit, Vagnozzi says that Pauciulo told him about LaFortes criminal record in about 2017, but that the lawyer also said everyone deserves a second chance and that Vagnozzi didnt have to tell investors about it. It is hard to argue that Americans are not struggling in this economy, but politicians and the mainstream media are certainly trying. Retirement Media provides relevant and timely reporting on important financial retirement issues our readers care about most. Don't forget to download Amino and search my profile name, *GLOBAL PROFILE NAME*, to check out my Stories: https://aminoapps.onelink.me/4eRt/InternetsnathanF. (Vagnozzis business, too, said it was hit by the virus. A fourth defendant, Perry Abbonizio, 63, has also settled. Ted's Bio; Fact Sheet; Hoja Informativa Del Ted Fund; Ted Fund Board 2021-22; 2021 Ted Fund Donors; Ted Fund Donors Over the Years. This defense goes unmentioned in the Philadelphia suit. Montgomery County financial pitchman Dean Vagnozzi, once well-known through his ubiquitous radio ads and free dinner seminars, has agreed to pay $5 million to resolve a complaint from the U.S . In its more recent lawsuit, the SEC cited that as an example of his repeated misrepresentations. According to Mr. Vagnozzi, Eckert Seaman's attorney John Pauciulo's "amateurish" due diligence exposed him to claims from securities regulators and investors after partnering with a cash . Vagnozzi told the SEC that he didnt like being a broker, and went into it reluctantly anyway. Vagnozzis brother, Albert, also a financial salesman and a township supervisor in Montgomery County, has sued Pauciulo, too. Equitable enhances buffered annuity suite, LIMRA: 2022 single premium buy-out sales topple prior record, Why the $2.04B Powerball jackpot winner would have done better taking the annuity, These annuities have gotten more popular, and with good reason, After years of negotiations, GOP leaders reach a breakthrough on Medicaid expansion. NBC News obtained a videotape of an investor pitch dinner in Nov. 2019 hosted by Dean Vagnozzi, head of an investment firm that raised money for Par and was sued by the SEC. Vagnozzi empowers middle class investors to generate returns typically reserved for the uber rich. Receiver Stumphauzer is still seeking to collect some of that from Par Funding's borrowers. Since then, Vagnozzi has recommended an array of financial ventures including investments unregistered with the SEC and thus immune from the agencys scrutiny and public disclosure requirements. You are here: Home 1 / avia_transparency_logo 2 / News 3 / what happened to dean vagnozzi what happened to dean vagnozzitexas lake lots for sale by owner June 7, 2022 / lawyers against mcfd / in charlie schlatter leukemia / by / lawyers against mcfd / in charlie schlatter leukemia / by how long can a dog live with parathyroid disease. Distributed by Tribune Content Agency, LLC. We had we had meetings with customers that had money to potentially invest. Focused on . I dont talk about any specifics. He is Dean Vagnozzi's brother and vice chair of the township supervisors for Upper Providence in Montgomery County. The lawyer representing the receiver, Gaetan Alfano, requested that the client return the money that he had been paid in the settlement from Vagnozzi to the receiver as reported by the Philadelphia Inquirer in late August, but no known payment has been returned to date. A receivers purpose is to, administer and manage their [companies under receivership] business affairs, funds, assets, causes of action and any other property of the Companies; marshal and safeguard all of the Companies assets; and take whatever actions are necessary for the protection of investors, according to Document 4, filed on July 24, 2020 in the United States District Court of the Southern District of Florida. Hes still confident his investment will pay off eventually. This order can be viewed under "Key Court Documents" on this website. Vagnozzi says he knew nothing of Fords background. A third, filed by Philadelphia lawyer Clifford Haines on behalf of 17 people who set up pools that pumped nearly $50 million into Par, names just Pauciulo and his firm. On July 24, 2020 the Securities and Exchange Commission (SEC) filed a lawsuit in United States District Court of the Southern District of Florida against defendants Par Funding, A Better Financial Plan and owner Dean Vagnozzi, along with several other individuals and entities. Dean Vagnozzi takes a new look at the way people handle retirement: making your money work for you, rather than tucking it away where you can't access it until .more Get A Copy Kindle Unlimited $0.00 Amazon Stores Or buy for $19.99 Kindle Edition, 222 pages Published February 17th 2020 by Jenkins Group, Inc More Details. In DE-256, the SEC also levied a preliminary injunction against Vagnozzi to restrain him from violating multiple sections of the Securities Act of 1933 and Securities and Exchange Act of 1934 by offering or selling securities and destroying any records, documents, or items pertaining to the scope of investigation. Vagnozzi has fought back against the SEC, rejecting its complaint as groundless. June 1, 2022 1:43 PM PT. They died, but I didnt get paid, Wollyung said. Went with my wife to their "free seminar including dinner" at the Hyatt Regency, 2424 Kalakaua Ave. in Waikiki, Honolulu, HI. Age 54 (610) 763-4868. Par Funding suspended payments to investors for two months this spring, then cut their returns by more than half. Staff writer Joseph DiStefano contributed this article. Three days after the settlement, Vagnozzi wrote investors "all they can say is they dont like my advertising methods and the fact that I served steak dinners in 2013 as a way for people to hear about our investments., To the SEC attorneys, Vagnozzi described typical investors as people who have several hundred thousand dollars and there is a piece of that money, say, $50,000 to $100,000, that they dont need for four to eight years. He added: The overwhelming majority of people come in because theyre scared of a market connection., In one flier obtained by the SEC, he summed up his offer this way: How to safely earn 8 to 12 percent in an investment not offered by any stock broker or banker.. The SEC is expecting to recover far more from the remaining . Par Funding threatened violence, trashed reputations after businesses took out loans at brutal interest rates, borrowers say, names Par Funding, its owners, Vagnozzi, and others, Par Funding owner seeks release from prison, agrees to SEC control until civil fraud trial, Dean Vagnozzi and his alternatives to Wall Street, Federal judge orders Par Funding to stay out of seized accounts after its staff accessed 100,000 records. (As for the Par-related funds, a court-imposed receiver took charge of them earlier this year.). Vagnozzi told them not to worry, though. Par could not pay investors interest and principal in April and May. (In all, Vagnozzi has agreed to pay $1.1 million since 2018 to resolve complaints from federal and state regulators. To Investors in A Better Financial Plan: On October 31, 2020, Judge Ruiz of the U.S. District Court for the Southern District of Florida entered an order releasing from the Receivership certain entities owned or controlled by Defendant Dean Vagnozzi. He's also promoted investments based on buying life insurance polices of the elderly. As Stumphauzer took over receivership of both Par Funding and A Better Financial Plan, the Federal Bureau of Investigations (FBI) raided Par Fundings headquarters along with multiple properties belonging to Joseph Laforte, the co-owner of Par Funding. Par and Vagnozzi blame its problems on the COVID virus, although the federal judge in the lawsuit has suggested Par was financially shaky before the pandemic. This order can be viewed under "Key . (Tucker, Scott) August 7, 2020: Filing 4 . The agency enumerated his radio ads, free dinners, and mailings and said he was improperly selling unregistered securities. Stumphauzer also took control of art worth $2 million and a stable of luxury cars and boats from LaForte and McElhone. 819, 849]. In time, his A Better Financial Plan grew to employ about 15 people. Some of these are elderly people, he said. Possible owners of this property per the most recent deed. Dec 2019 - Present3 years 3 months. LaForte also faces federal firearms charges. (Since he was no longer a licensed securities broker, he couldnt sell securities, in any event.). The businesses who received these advances were forced to close and could no longer keep up their payments to Par Funding, creating a chain reaction through A Better Financial Plan causing their investors to not receive their monthly payments. Two suits named both Pauciulo and Vagnozzi as defendants. Among the exciting additions the donation will cover are two elite shelters with. The SEC didnt name Pauciulo as a defendant in its lawsuit. Previously, Dean was the Vice President, Business Development at NTT Data and also held positions at Ernst & Young ShinNihon LLC, Deloitte, EY. In these, investors pay a discounted rate to the elderly for their life insurance policies, assume the burden of the premiums and bet the sellers will die quickly enough to make a big profit. The trial in Miami is to start Dec. 3. In depositions with the SEC, Vagnozzi argued that his radio ads and the rest didn't run afoul of SEC restrictions on the hawking of unregistered securities though "general solicitation" because his pitches were at a "high level" and avoided the nitty-gritty of the financial instruments he was recommending. The court filings include hours of transcripts of sworn depositions he gave to SEC lawyers, as well as reports from Vagnozzi on his income and spending. The aging sellers had an average life expectancy of 34 months, dating from 2017, investors were told. Then, one day in early 2020, he learned that Par Funding couldnt make payments to investors. It filed a sweeping civil fraud case against Vagnozzi and others over one of Vagnozzis most popular investments, a Philadelphia lender to small business known as Par Funding. Last summer, the U.S. Securities and Exchange Commission took a less enthusiastic view. On page 2 of DE-227, the SEC wrote, We have already identified two significant transfers he [Vagnozzi] made to himself after the Courts entry of the Orders in this case, and we should not have to investigate to discover additional ones he might have made. They continued stating, This was the purpose of the sworn accounting, with which he [Vagnozzi] utterly failed to comply in full. Despite already receiving orders and being placed under receivership, Vagnozzi attempted to maneuver funds without disclosing them, which placed the safety of investors funds in jeopardy according to the SEC. His brother, Albert Vagnozzi, a township supervisor in Upper Providence in Montgomery County, was briefly on staff, but left some years ago to work as a registered investment adviser. Chris Rollins Published: March 2, 2023. The life expectancies were terrible, he wrote investors. Vagnozzi made his next significant move in 2010, creating the company in King of Prussia he named A Better Financial Plan, or ABFP. Since 2019, Vagnozzi agreed to pay more than $1 million to settle civil actions brought by securities regulators over three separate investments Vagnozzi said Pauciulo had advised him on. After a settlement with the Securities and Exchange Commission in July revealed he was selling millions in unregistered securities to clients who were not wealthy enough to buy them under industry rules, his customers are probably calling Vagnozzi and . In his depositions with the SEC, Vagnozzi argued that radio ads and the rest didnt bump up against the SEC restrictions because his pitches were at a high level and avoided the nitty-gritty of the financial instruments he was recommending. Published by at 16 de junio de 2022. John Pauciulo (left), a partner at the Eckert Seamans law firm, and financial salesman Dean Vagnozzi appeared together in a a 2017 video in which Vagnozzi said his funds have all "complied with state and federal securities laws" and Pauciulo agrees. One investor told The Inquirer he put in his $50,000 at Vagnozzis urging in February 2015, a month after the bankruptcy. what happened to dean vagnozzi port deposit, md real estate. Investors were happy to collect returns of 14% for a time. "When people want to come meet with us, her job is to make sure that its a good use of everybodys time.. Last year, Vagnozzi agreed to pay almost $500,000 to resolve a civil complaint from Pennsylvania financial regulators for steering people into Par Funding without proper registration to do so. An . Despite the firm's sheen of professionalism at its Old City offices, borrowers say they were harassed by aggressive collection efforts that included almost instant withdrawals from their bank accounts and even outright threats. He offers investment opportunities that sidestep the volatility and intangibility of Wall Street, and he . Gaetan Alfano, the Philadelphia lawyer for the court-appointed receiver in that case, wants all the other suits ended or delayed until then. By that date, Vagnozzi was already under receivership. Now LaForte, 50, and his wife, Lisa McElhone, 42 the owner of a nail salon from South Philadelphia who told the court at one point that she was worth nearly $800 million "shall pay disgorgement of ill-gotten gains," as will Vagnozzi, 53, according to settlement papers signed by all three. His trial is pending. Dean James Vagnozzi Reviews. Home; About. Were in a pandemic.. View Guidelines. Pauciulo, 55, is a Temple law grad who has been with the Pittsburgh-based Eckert Seamans firm for more than a decade, leading its financial transaction group out of its Philadelphia office. It was a very it was a very difficult day. I write about people and money in our community and beyond. No other way to say it., READ MORE: Par Funding owner seeks release from prison, agrees to SEC control until civil fraud trial. The SEC's senior trial counsel in the case, Amie Riggle Berlin, declined to comment Wednesday as did Eric Bustillo, director of the SEC's Miami regional office. California residents do not sell my data request. While four defendants in the case have now dropped their opposition, two others have chosen to go to trial. As September came to an end, Stumphauzer and the court set in motion requests for a jury trial which would take place in August of 2021 and outlined the schedule and deadlines from September 2020 to August 2021 in DE-279. baldwin county board of education jobs / north korea and norway are separated by one country / north korea and norway are separated by one country In two previous cases, he. How investing in your community can enhance business, Ohio man pleads guilty to investment and retirement fund fraud scheme, SECURE 2.0 helping solve serious demographic problem, Niagara Falls woman going to prison for stealing from investment firm clients, GOP-sponsored ethical investment rule rollback may draw first Biden veto. what happened to dean vagnozzi. Dean is the breath of momentum . Payments on investments had arrived as promised, he said. Date Filed Document Text; December 22, 2020: Filing 32 MOTION to Dismiss filed by COVENTRY FIRST LLC.Coventry First LLC's Motion to Dismiss Class Action Complaint. Huevos directos desde la finca a tu casa. Ruiz appointed receiver Ryan K. Stumphauzer to wrest control of $150 million in assets from LaForte and his wife and from Vagnozzi and the other defendants. Par Funding suspended payments to investors for two months this spring, then cut their returns by more than half. Laforte, a convicted felon, was indicted on illegal gambling charges in 2009 and therefore was not allowed to own or possess firearms. More recently, LaForte was arrested last year after the FBI seized seven firearms at his $2.4 million house in Lower Merion. Crash Proof Retirement, Crash Proof Retirement Show, and Retirement Media, Inc. , and all related uses, are federally trademarked with the United States Patent and Trademark Office. There, he filed legal papers saying he learned about LaFortes record in late 2018 and not from Pauciulo but from a Bloomberg investigative news story reporting that Par Funding used enforcers to collect on loans with threats. No investor money ever went to pay for personal expenses, Vagnozzi said in an email. !" as we look back at the insanity of the week. He posted a comment about that last week on Facebook: That was the most expensive dinner I ever had.. As life-settlement payouts drag on and premium costs rise, investors have been left frustrated. Earlier in June, the market lost more History was made on the tenth of June when the United States crossed the gas price rubicon. Pauciulo and his lawyer didnt return calls seeking comment. Vagnozzi kept selling investments in policies purchased from Life Partners despite that firm's troubles. But speculation is continuing about . In an Oct. 31 court order, he agreed to sell or transfer his financial interest in funds others than those tied to Par Funding. No longer. Pauciulo, in his rebuttal pleading this year, holds firm to that argument, saying, LaFortes criminal conviction for mortgage fraud did not need to be disclosed because it was more than 10 years old.. Can Par Funding receiver collect enough cash from business to pay investors? Vagnozzi began recommending Par Funding to investors in 2016. In 2008, he passed industry exams to become a securities broker, licensed to sell stock and other SEC-registered financial instruments. After John Dean gave his historic 1973 testimony on the Watergate scandal that eventually brought down the Nixon White House, he wanted to move on with his life. In July, the SEC named him as a defendant in the civil suit about Par Funding. Since financial adviser Dean Vagnozzi was charged with fraud in a government lawsuit in July, he has been castigated by regulators for how he steered customers to Par Funding, a Philadelphia lender founded by a twice-convicted felon. Outlined in a separate lawsuit as well as the SECs case against Vagnozzi, a Pennsylvania client sued Vagnozzi after refusing to accept a renegotiated promissory note contract from Par Funding. Now lives at 3872 Jane Ct, Collegeville, PA 19426. In his lawsuit against his former lawyer, Vagnozzi told a different story. In the spring, the funds invested in Par missed two months of payments to investors. what happened to dean vagnozzidomenico catanzariti olives.