Hundreds Invest in Horseshoes for Camels Scam ... Seriously

camel shoe
camel shoe

Using stories of how his company's therapeutic horseshoes were the choice of Olympic athletes, and were bought by a prince in Dubai for his camels, a New Jersey man bilked would-be investors out of $1.7 million.

If any of the more than 300 investors -- many of whom were police officers and firefighters -- checked out the stories before ponying up money, they might have kicked Samuel M. Serritella to the curb. The 66-year-old Garfield man was sentenced Friday to nine years in state prison and ordered to repay consumers he defrauded, said state Criminal Justice Director Stephen J. Taylor.