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Many within the native leisure trade have been shocked to listen to that David Bunevacz, a former Philippine nationwide athlete and mannequin, has pleaded responsible to 2 fees on defrauding traders in California out of US$37 million as a part of an elaborate cannabis-based enterprise rip-off.
Court docket data launched earlier this month present that the Calabasas-based businessman pleaded responsible earlier than a federal choose in California’s Central District to 1 depend every of securities and wire fraud. Each fees carry a most jail sentence of 20 years, so the 53-year-old might withstand 40 years of jail time.
Authorities arrested Bunevacz in April over allegations that he had arrange pretend vaping companies and defrauded traders out of hundreds of thousands of {dollars} since 2010. He used the cash to assist his lavish life-style, together with a flowery home, playing journeys in Las Vegas throughout which he spent as a lot as US$8 million, luxurious automobiles and horses, designer purses, and even blowing US$200,000 on his daughter’s candy sixteen party.
Labeled a “serial grifter” by Rolling Stone, Bunevacz reportedly ran the rip-off for over a decade and went to nice lengths to cowl up his scheme together with forging financial institution statements and authorized paperwork, mendacity about enterprise connections, and laundering cash by way of shell firms.
For youthful readers who could not have a clue who Bunevacz is, listed below are some key particulars to learn about this controversial determine.
He represented the Philippines within the Southeast Asian Video games
A varsity athlete at College of California, Los Angeles, Bunevacz was recruited by the Philippine Sports activities Fee to signify the Philippines in worldwide sporting occasions within the Nineties, together with the Southeast Asian Video games, the place he earned a gold medal in 1997 for the decathalon.
He married a fellow Filipino celeb
Bunevacz married mannequin and celeb Jessica Rodriguez in a lavish wedding ceremony ceremony in Manila earlier than the 2 moved to the USA. Plainly they’ve maintained their celeb connections through the years — star journalist Korina Sanchez paid the couple a go to in Los Angeles in 2017.
This isn’t the primary time he’s been in scorching water
Darna star and former girlfriend Anjanette Abayari claimed that Bunevacz bought her automobile and a Rolex watch value PHP250,000 (US$4,445) with out her permission and likewise tried to promote her condominium unit.
Affidavits additionally cited stories from native media shops relationship again to 2007 say Bunevacz and his household have been run out of the Philippines for allegedly embezzling funds from a beauty surgical procedure clinic he ran there. Enterprise companions reportedly turned suspicious after he made high-profile purchases, together with a BMW X5 he gifted his spouse.
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