Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, June 20, 2024 | Back issues
Courthouse News Service Courthouse News Service

Two Bogus ‘Guggenheims’ Arrested

MANHATTAN (CN) - Federal prosecutors say three people pretended to be members of the Guggenheim family to trick investors into investing in bogus crude oil, gold, and diamond businesses. David Birnbaum and Vladimir Zuravel were arrested Monday. Catarina Pietra Toumei is still at large. All are charged with conspiracy to commit wire fraud.

Toumei used the alias Lady Catarina Pietra Toumei; Birnbaum called himself David B. Guggenheim, and Zuravel claimed to be Vladimir Z. Guggenheim, according to the complaint.

The trio claims to have $1 billion worth of diamonds from "the private collection of the Guggenheim family," a $4 billion dollar crude oil deal with China, and a project to sell vodka through the Coca-Cola company.

Guggenheim Capital LLC, a holding company for the real Guggenheim family, filed a civil complaint against the trio in November.

Birnbaum and Zuravel were arrested Monday.

Toumei, who lives in California, is still at large.

If convicted, they each face up to 20 years in prison.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.