Banuelos Defrauded Musicians

http://www.northfulton.com/Articles-CRIME-c-2012-08-31-194866.114126-sub-Alpharetta-man-charged-with-money-laundering.html

If you have information related to this case, contact the FBI San Francisco's tiip line at 415-553-7400 or e-mail San.Francisco@ic.fbi.gov

August 31, 2012
ALPHARETTA, GA. – A former Alpharetta resident is accused of defrauding investors in his music company out of more than $2 million.

Michael Steven Banuelos, 41, also known as "Ferrari Mike," operated under various companies, such as M&T Marketing and the Ferrari Mike Music Group.

According to the indictment, Banuelos claimed he promoted and marketed various musicians, including high-profile artists. Between July 2008 and April 2011, Banuelos falsely claimed to victims that he could arrange — and in fact had arranged — lucrative business deals for aspiring musicians.

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