Lawrence Hamel

Lawrence Hamel used boiler room tactics to steal investors' money in a $2 million Ponzi scheme that unfolded over 10 years. Hamel used two companies, Coral Springs Real Estate Investment Trust, L.L.C., in Deerfield Beach and Coral Real Estate Trust, L.L.C., in Boca Raton, to solicit investments in bogus real estate deals, promising 8- to 12- percent returns.