| Chris Mancuso, or Christopher J. Mancuso, is a longtime crony of Slatkin
investor and Scientologist Ron Rakow,
as profiled elsewhere on the slatkinfraud.com site. He was involved in Ron Rakow’s
yogurt
culture scam in the mid-1980s, according to this
list of defendants. Apparently seeing his former partner go to prison for bilking thousands of unwary investors didn’t dampen Mr. Mancuso’s belief in Ron’s business savvy, as he turns up on the final Slatkin creditor list (coming soon). Coincidentally, Chris J. Mancuso was also in business with another Slatkin investor, Donald Rackemann. In the 1980s, Rackemann and Mancuso partnered up in the 1980s to form National Telephone Communications Inc., which is now a subsidiary of Incomnet, the embattled network marketing venture. Reed had apparently invested heavily in Incomnet, according to the findings of the trustee and reported by the Wall Street Journal on July 31, 2001. These days, Rackemann runs Pricenet USA, yet another Internet venture. A bio from a recent SEC filing for Pricenet describes him as follows: " Donald Rackemann has been the Chairman of the Board and the Chief Executive Officer since 1998. Prior to heading up Price Net USA.com, Mr. Rackemann was semi-retired but very involved in the manufacturing of golf equipment. From 1988 to 1994, he served as Chairman and CEO of National Telephone & Communications, Inc. a long-distance telephone service provider, which he co-founded and was responsible for its early growth and success. Incomnet, Inc. acquired the company during 1994. " Here is a sales pitch for PriceNET USA Don ran into trouble in his application to add a 1,000+ square foot expansion, with pool and spa, to his home. The proposal was eventually withdrawn in the face of opposition from his neighbours. Chris J. Mancuso was also involved with World Technology Marketing, a Nevada corporation that faced allegations of credit card fraud from students at the University of Southern California. Chris Mancuso acted as World Technology’s secretary, and the president was Jerry Ballah, who coincidentally was also involved with Rakow’s lactic culture scam, and was also an executive with PriceNET. During his days at World Technology Marketing, Jerry made headlines when the company was accused of credit fraud: " Eight to 10 USC students claim to have been defrauded by the Irvine-based World Technology Marketing Inc., which is also known as Worldtech, World Marketing Alliance and World Marketing, officials from the Career Planning and Placement Center said. One student, the first to make a complaint, claimed to have been charged $495 without her consent, though she did sign a blank credit card statement … The engineering student who found a charge on her credit card after the interview tried to call the company and said she has received no reply. "Ballah has also identified himself first as an independent representative, later as the vice president of Worldtech and finally as president of the company when contacted by DPS," Devega said. " Despite a seemingly heaven-made match, PriceNET and Jerry Ballah have since parted ways, with the company filing suit against Ballah for a laundry list of alleged offences, as detailed in this filing, including Breach of Fiduciary Duty, Fraud, Breach of Contract, International Interference with Contractual Relationships, Misappropriation of Trade Secrets, and Unfair Competition. |