Hawaii Couple Arrested in $100 Million Investment Scheme

By Katie Hauser

Published on September 06, 2006

Qadri was president and Roszkowski was chief financial officer of Amasse Capital LLC, located in downtown Honolulu. They also ran the company Solomon & Co, and filed a phony prospectus with the Securities and Exchange Commission, all to foster the illusion that they were in charge of numerous high-volume investment and trading firms. They claimed they traded up to $10 billion in volume monthly.

The pair used these fake credentials to convince an investor that his $100 million investment with their bond trading company was risk free, with a monthly return of at least 60 percent and up to 200 percent annual return.

In reality, neither the couple nor their alleged coworkers, also under arrest, had any of the experience they purported to have in such fields as securities trading, international finance, asset management, and mergers and acquisitions. None are licensed to trade securities in Hawaii; in fact, the companies often incurred losses from bonds trading, and the couple allegedly planned to use all profits for personal gain.

Qadri and Roszkowski were arrested at their corporate office after their rental home and downtown Honolulu offices were raided by the FBI. Both pleaded not guilty to the charges, for which they could each face over 80 years in prison if convicted.

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