Canadian conman flees U.S. sentencing after learning how long his prison term might be
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One victim showed the government an invoice from Palazzolo for US$10,000 for a pink diamond dated April 24, according to court records. That's just two weeks before his scheduled court date.
Palazzolo's sentencing in Ohio was scheduled after his wire fraud conspiracy conviction from his time as a crooked salesman with Paragon International Wealth Management, Inc., a Toronto firm where he went by the alias John Carson. He and other conmen duped victims in Canada and the United States into buy coloured diamonds for much more than they were worth.
The great Paragon swindle and its cavalcade of conmen is the focus of an in-depth investigative feature in National Post published last summer, called Jack of Diamonds.
The new allegations say that after a Toronto police raid on Paragon's Finch Avenue West telemarketing offices in 2018, Palazzolo kept tricking gullible investors into sending him huge sums for low-value stones using his own company, called Pavillion Diamonds International.
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