Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Clearwater woman accused of scam

CLEARWATER — Adriana Abreu's Web site might sound enticing to real estate agents struggling in this dreadful market.

"I am a licensed real estate agent," Abreu writes on the Web site. "I own Island Way Properties on Clearwater Beach. Just like you, I made my living solely on real estate sales. When the real estate market slowed, I realized I had to find another source of income. But what?''

The 40-year-old Clearwater woman said she started a futures market trading business and has "been so successful trading that I now remodeled half of my real estate office and turned it into a trading room.''

She invited others to join her and make a fortune.

But one investor told Clearwater police that Abreu led him not to success, but a scam.

She was arrested Monday and charged with grand theft of more than $100,000 after an investigation that began late last year, Clearwater police spokeswoman Elizabeth Daly-Watts said Wednesday.

Paul Jallo, 40, of Tarpon Springs told Clearwater police Detective Chris White that Abreu pocketed $410,000 he gave her as an investment in the stock market.

In March and April of last year, Abreu promised Jallo a 10 percent monthly profit on the money he invested, according to an arrest report. When he asked for his money back after several months, she wrote him checks that bounced.

That claim is bunk, said Abreu's defense attorney, George E. Tragos.

"When it fleshes out, it will be shown that a person made an investment, lost his money and now wants somebody to pay him back,'' Tragos said.

He said the case "is strictly a civil issue'' and the only reason Abreu was jailed was because "Jallo got the police to arrest her.''

"She is a legitimate businesswoman,'' Tragos said.

But detectives are working with other potential victims, Daly-Watts said. "There could be a dozen,'' she said.

In 2005 story in the Times, Jallo said he owns strip shopping centers, gas stations and other businesses from Hernando County to Punta Gorda.

Abreu was released the same day she was arrested after posting $50,000 bail.

Neither Abreu nor Jallo returned calls Wednesday from the Times.

Times researcher Shirl Kennedy contributed to this report. Eileen Schulte can be reached at [email protected] or (727) 445-4153.

Clearwater woman accused of scam 03/05/08 [Last modified: Wednesday, March 5, 2008 8:42pm]
Photo reprints | Article reprints

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Review: Kenny Loggins, Michael McDonald team up to cool down the Clearwater Jazz Holiday

    Blogs

    A cool breeze swept through Coachman Park Saturday night. Couple of them, actually.

    Kenny Loggins performed at the Clearwater Jazz Holiday on Oct. 21, 2017.
  2. No. 16 USF hangs on at Tulane, off to first 7-0 start

    College

    NEW ORLEANS — After half a season of mismatches, USF found itself in a grudge match Saturday night.

    USF quarterback Quinton Flowers (9) runs for a touchdown against Tulane during the first half of an NCAA college football game in New Orleans, La., Saturday, Oct. 21, 2017. (AP Photo/Derick E. Hingle) LADH103
  3. Lightning buries Penguins (w/video)

    Lightning Strikes

    TAMPA — Ryan Callahan spent a lot of time last season rehabilitating his injured hip alongside Steven Stamkos, who was rehabbing a knee after season-ending surgery. During those hours, Callahan noticed two things about Stamkos: his hunger and his excitement to return this season.

    Tampa Bay Lightning defenseman Slater Koekkoek (29) advances the puck through the neutral zone during the first period of Saturday???‚??„?s (10/21/17) game between the Tampa Bay Lightning and the Pittsburgh Penguins at Amalie Arena in Tampa.
  4. Spain planning to strip Catalonia of its autonomy

    World

    BARCELONA, Spain — The escalating confrontation over Catalonia's independence drive took its most serious turn Saturday as Prime Minister Mariano Rajoy of Spain announced he would remove the leadership of the restive region and initiate a process of direct rule by the central government in Madrid.

    Demonstrators in Barcelona protest the decision to take control of Catalonia to derail the independence movement.
  5. Funeral held for soldier at center of political war of words (w/video)

    Nation

    COOPER CITY — Mourners remembered not only a U.S. soldier whose combat death in Africa led to a political fight between President Donald Trump and a Florida congresswoman but his three comrades who died with him.

    The casket of Sgt. La David T. Johnson of Miami Gardens, who was killed in an ambush in Niger. is wheeled out after a viewing at the Christ The Rock Church, Friday, Oct. 20, 2017  in Cooper City, Fla. (Pedro Portal/Miami Herald via AP) FLMIH102