THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING
Jim Cipollo, in his Wakefield home, called Frank Russo his former best friend. His family had put $265,000 in Russo’s care. ‘‘I’ve lost all faith in humanity,’’ Cipollo said.

Investors lost trust and millions

Many ruined after collapse of alleged scheme

By Sacha Pfeiffer
Globe Staff / May 14, 2007

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Frank J. Russo, prosecutors say, was an equal opportunity predator. He targeted the young, the old, the healthy, the sick, the rich, the poor, the living, the dead. The money he collected came from savings accounts, 401(k) plans, inheritances, court settlements, home sales, college tuition funds, scholarship programs, life insurance payments. (Full article: 1422 words)

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