FBI agents arrested a 56-year-old Waimanalo man today in connection with bogus special events promotions through which he lured several Hawaii families to invest a total of $638,000 in concerts and a rodeo that never were staged, according to court documents.
Turk Cazimero, who has solicited investors under the name “Hawaiian Hurricane Productions,” was arrested at 6:30 a.m. at his home on Nakini Street.
He was later turned over to the U.S. Marshals Service to await his initial court appearance, which was expected to be held this afternoon in federal court. A grand jury last week indicted Cazimero on three counts of federal wire fraud. If convicted, he faces up to 20 years in federal prison per count, according to an FBI news release.
According to the indictment, Cazimero allegedly showed prospective investors event fliers, websites, advertisements and a YouTube video that made it appear as if a country music concert and rodeo had been booked. Also, corporations cited in promotional materials were not actual event sponsors.
Cazimero defrauded “multiple Hawaii families by seeking investments in several non-existent concerts and special events he claimed to be promoting in exchange for investment returns, event sponsorships, and profit-sharing.”
He is accused of using the money for his personal purposes and to repay individuals who had previously invested in concerts and events that never happened.
Also, the indictment accuses Cazimero of soliciting and receiving investment money from Hawaii residents by falsely claiming that he was promoting “Vans Warped DJ Tour” in multiple cities. No such tour existed, and Cazimero had no business relationship with Vans.